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The Historic Core

The Historic Core | Downtown Los Angeles Lofts For Sale

The Historic Core downtown Los Angeles lofts for sale. Back in the turn of the century, the area was the central business district (CBD) of the city from the first decade of the 1900s through the 1950s. In the 1950s the Historic Core became the center of retail and entertainment in the city. The district technically occupies the area’s between Los Angeles and Hill Streets.and from 3rd Street south down to Olympic. Within the Historic Core is a “pocket neighborhood” known as The Old Bank District. It lies between Spring & Main Streets and 4th & 5th Streets. The name was coined by iconic developer Tom Gilmore of Gilmore Associates therefore many continue to call Tom “The Father of The Old Bank District”.

The Historic Core & Old Bank District 

In 1999, the L.A. City Council passed an “Adaptive Re-Use Ordinance”. This allowed for the conversion of old, unused office buildings to residential “lofts”, a growing national trend throughout the countries urban cities. The revival of The Historic Core brought on the renovation of amazing historic downtown buildings like The Rowan, The Eldorado, The Douglas, The Higgins and the Pan-American Lofts. Developers started coming out of the woodwork buying up these old gems thus, bringing in top architects and construction teams. With the redevelopment of these archaic buildings came the revival of all the old downtown theaters as well. These Iconic entertainment houses would soon come back to life. Properties like The Million Dollar Theater, The Globe, The Palace, The Los Angeles and The Orpheum.

The Historic Core Today

Today the Historic Core is a thriving area packed with Millennial’s and other locals enjoying the area’s many trendy hot spots, restaurants and lounges like the Grand Central Market. The  New residential construction via high-rise luxury condos has come to the SE corner of Broadway & 4th by way of Perla. Park Fifth, another high-rise luxury condo building, this stunning property is for lease only, proudly siting on the NE corner of 5th & Olive. Jumpman, Michael Jordan’s new flagship apparel store has taken up shop on Broadway & 6th. Apple’s new worldwide flagship store continues construction in the old Tower Theater with so much more coming. Boutique hotel’s are definitely happening city wide and the Historic Core has their share fast approaching with Citizen M. and Cambia, leading the way, both due to open in late 2020. Certainly a “new look” for the “old bank district” with much more on the way!

The Mills Act

A very important aspect to investors and buyers of lofts in The Historic Core is the “Mills Act”. The Mills Act is an annual property tax abatement passed down to buyers/owners of lofts in most of this districts historic buildings (not all). These savings are a big deal as they are typically anywhere between 45-60% off your property taxes. Kind of a special perk for buying historic in one of downtown Los Angeles’s most special districts, The Historic Core!

Click to view all Homes for Sale in the Historic Core

Featured Hot Lofts for Sale in Downtown LA’s Historic Core District

Buy | Lease With The RandelleGreen Group

If you are looking to buy or lease a loft in downtown Los Angeles and the type of properties and neighborhood mentioned above seem to resonate with you. It would be smart to take a good look at the Historic Core. The RandelleGreen Group can help. Broker Randelle Green’s extensive experience in the area is unmatched. Randelle spent 2005-2007 as the sales manager for the famed Pan-American Loft building and is a perfect source for a quick education on the Historic Core & The Old Bank District. Call now!

Top Restaurants, Bars, and Shopping The Historic Core:

  • Redbird
  • Perch
  • Badmash
  • Kazu Nori
  • Barama
  • Orsa & Winston
  • Cole’s French Dip
  • Le Petit Paris
  • The Last Bookstore
  • The Bradbury Bldg
  • Spring Street Bar
  • Maccheroni Republic
  • Cliftons Republic
  • The Edison

Commute Times Around Downtown From The Historic Core

  • Little Tokyo: 0.9 miles
  • Bunker Hill: 1.0 miles
  • City West: 2.4 miles
  • The Arts District: 1.2 miles
  • The Fashion District: 1.7 miles
  • South Park: 2.6 miles
  • The Financial District: 0.9 miles
Check out the primary Arts District Buildings below and call 213-254-7626 for any tour requests or for more information!

The Historic Core’s Primary Buildings (Sale & Lease)

Loft PhotoLoft NameDistrictAddressSale/Rent/BothYear Built/RenovatedLuxury# of UnitsLofts for SaleLofts for Rent
The Bartlett Downtown Los Angeles Lofts for SaleThe Bartlett LoftsHistoric Core215 W. 7th St. 90014B1911/2003139View Lofts For SaleView Lofts For Rent
Park Fifth Downtown Los Angeles Lofts for SalePark Fifth LoftsHistoric Core427 W. 5th St. 90013R2018LuxuryView Lofts For Rent
The Douglas Downtown Los Angeles Lofts for SaleThe Douglas LoftsHistoric Core257 S. Spring St. 90012B1898/200550View Lofts For SaleView Lofts For Rent
Eastern Columbia Downtown Los Angeles Lofts for SaleEastern Columbia LoftsHistoric Core849 S. Broadway 90014B1930/2007147View Lofts For SaleView Lofts For Rent
The Eldorado Downtown Los Angeles Lofts for SaleThe Eldorado LoftsHistoric Core416 S. Spring St. 90013B1914/200768View Lofts For SaleView Lofts For Rent
The Higgins Downtown Los Angeles Lofts for SaleThe Higgins LoftsHistoric Core108 W. 2nd St. 90012B1910/2004135View Lofts For SaleView Lofts For Rent
Pan-American Downtown Los Angeles Lofts for SalePan-American LoftsHistoric Core253 S. Broadway St.90012B1897/200540View Lofts For SaleView Lofts For Rent
Perla Downtown Los Angeles Lofts for SalePerla LoftsHistoric Core400 S. Broadway St. 90013B2020LuxuryView Lofts For SaleView Lofts For Rent
The Rowan Downtown Los Angeles Lofts for SaleThe Rowan LoftsHistoric Core460 S. Spring St. 90013B1912/2006206View Lofts For SaleView Lofts For Rent

The RandelleGreen Group

Downtown LA Lofts and Condos

213-254-7626
green@therandellegreengroup.com

Downtown LA Lofts & Condos
Los Angeles, Ca 90015

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