Which Los Angeles neighborhoods hold the strongest luxury condo inventory?

Six areas carry most of the trophy condo stock, and they do not behave alike. The Wilshire Corridor is the densest concentration. More than 30 high-rise residential buildings line Wilshire Boulevard between Beverly Hills and Westwood, a stretch marketed for decades as the Millionaire Mile. Stock ranges from 1960s and 1970s towers converted to condominium ownership through to full-service modern properties with concierge, valet, pools, and screening rooms. Floor plans skew large. Century City is the corporate-adjacent tier. Century Park East, a pair of 19-story towers at 2160 and 2170 Century Park East completed in 1966, represents the older amenity stock. At the other end, the Fairmont Century Plaza Residences at 2025 Avenue of the Stars added 63 branded residences in the redevelopment of the original Century Plaza Hotel, a Minoru Yamasaki design. Note that not every marquee Century City address is for sale: Ten Thousand at 10000 Santa Monica Boulevard is a lease building, not a condominium. West Hollywood is its own incorporated city, which matters more than most buyers realize at sale time. Sierra Towers at 9255 Doheny Road is the reference point: built in 1965 to a Jack Charney design, 32 stories, 146 units, converted to condominiums in 1974. It sits between Beverly Hills and the Sunset Strip and has traded on that position for fifty years. Beverly Hills is also a separate city with its own building department, school district, and transfer tax regime. Its condo stock is l

What does the Los Angeles condo market look like right now?

Condos are moving slower than houses. Greater Los Angeles REALTORS reported that in April 2026 condominiums sold at a median price of $699,000 across 948 closed sales, against 5,950 active condo listings and a median 26 days on market. Single-family homes in the same report posted a $1,037,410 median across 3,008 sales, with 12,519 listings and a median 14 days on market. Read those two lines together. Houses cleared in roughly half the time condos did, on a listing pool only about twice as large. That is the condo segment absorbing more slowly, which is what you would expect where carrying costs, dues, and insurance are all under pressure. GLAR President Chris Duff described the environment as normalizing, with buyers more selective and pricing heavily influenced by affordability and rate pressure. Those medians cover all of Greater Los Angeles and include large volumes of entry-level product, so they are not the luxury tier. What they tell you is the direction of the current: condo buyers in 2026 have time and leverage they did not have three years ago. In the trophy tier that shows up as longer marketing periods and more negotiation on terms, not as broad discounting in the best-run buildings.

Which Los Angeles condo submarkets can I explore in detail?

Downtown is the submarket with the deepest inventory and the widest price band, and it has its own dedicated page. Start with Downtown luxury condos , which covers the South Park and Financial District high-rises along with the converted-loft product in the Arts District and along Broadway. Downtown's anchor buildings are recognizable. The Ritz-Carlton Residences at 900 West Olympic Boulevard sit above LA Live, with hotel-side services attached and residences running from compact one-bedroom layouts up through very large full-floor plans. Metropolis opened its first residential tower in December 2016. Ten50 sits in South Park with skyline exposure. Alongside those, the Broadway and Industrial Street loft conversions are a different product entirely: large volumes, original industrial structure, and building rules unlike a full-service tower. Downtown deserves its own review because price per square foot there has diverged from the Westside. Some of that gap is genuine opportunity. Some reflects real building-level problems. Sorting the two apart requires the association's financials, not the marketing.

How much are HOA dues in a Los Angeles luxury condo, and what do they cover?

Dues are the second mortgage payment nobody underwrites. Industry sources covering the Wilshire Corridor put typical monthly dues there at roughly $1,400–$1,500, with staff-heavy buildings well above that. Treat any published figure as a starting point: dues vary by building, by unit size, and by how honestly the association funds its reserves. In a full-service high-rise, dues typically fund staffing (front desk, valet, security, engineering), common-area utilities including elevator and common HVAC operation, professional management, the master insurance policy, and the reserve contribution for elevator modernization, roofing, plumbing risers, and similar capital items. The reserve line matters most and gets the least attention from buyers. Insurance has been the fastest-moving cost input. HOA master policy premiums across California have risen sharply in recent years and associations have passed that through. When two comparable buildings differ by several hundred dollars a month in dues, the higher number is often the building actually funding what it owes rather than deferring it. Low dues are not automatically good news.

Does Measure ULA apply when I sell a Los Angeles condo?

Yes, if the unit is inside the City of Los Angeles and the price crosses the threshold. Measure ULA applies to residential and commercial property in the City of Los Angeles, and condominiums are covered the same as single-family homes. Per the City of Los Angeles Office of Finance, for transactions closing after June 30, 2026 the thresholds are $5,400,000 and $10,900,000. Sales above $5,400,000 and below $10,900,000 are assessed at 4%. Sales at or above $10,900,000 are assessed at 5.5%. The thresholds are adjusted annually for inflation. Two mechanics matter: the tax is calculated on the full gross sale price once a threshold is crossed, with no exclusion for the portion below it, and it sits on top of the existing City of Los Angeles and Los Angeles County documentary transfer taxes. The seller pays it at closing, on gross price, not on gain. Geography changes the answer completely. Measure ULA reaches only the City of Los Angeles, so the county's separately incorporated cities, including Beverly Hills and West Hollywood, are not covered. Century City, Bel Air, Westwood, and Downtown are inside the City of Los Angeles and are covered. Santa Monica sits under its own Measure GS, which applies a 5.71% rate on sales at or above $8 million, effective March 1, 2023. The practical effect is a hard behavioral line just under $5.4 million. Sellers price to stay beneath it. Buyers negotiating in the $5.2 to $5.6 million band should understand that the seller's math above the line is

What should I check in the HOA before I write an offer?

Four documents decide whether a building is a good buy: the reserve study, two years of financials, the board minutes, and the litigation and assessment disclosures. Pull out these items specifically. Reserve funding percentage and whether the association is on a funding plan or deferring. Any special assessment levied, pending, or discussed in minutes. Delinquency rate on member assessments. Open litigation, particularly construction defect, water intrusion, or habitability. The master policy carrier, limits, and per-unit deductible. Owner-occupancy versus rental concentration. And any leasing restriction, which for buyers planning to rent is often the deal-breaker nobody found until week three. Minutes are the most useful and least read document in the package. Financials show you what happened. Minutes show you what the board is worried about and has not yet priced.

What is SB 326, and why does it matter for a condo purchase?

SB 326 added Civil Code section 5551 to the Davis-Stirling Act and requires condominium associations to inspect exterior elevated elements: balconies, decks, stairways, and walkways whose load-bearing components are supported substantially by wood or wood-based products, along with their associated waterproofing. Inspections must be performed by a licensed architect or a licensed civil or structural engineer, and they repeat on a nine-year cycle. The initial statutory deadline was January 1, 2025. Any association that has not completed its inspection is now past that date. There is no agency actively auditing compliance and the statute does not set a monetary penalty, but the downstream consequences are real: noncompliant associations face insurance nonrenewal, lending and resale complications, and materially increased negligence exposure if something fails. For a buyer the question is short. Has this association completed its SB 326 inspection, what did the report find, and is the remediation funded? If the answer is vague, that vagueness is itself information about how the building is run.

Will I be able to finance a unit in the building I want?

Not always, and this is where luxury condo deals fall apart most often. Fannie Mae runs a project-level review through Condo Project Manager, and loans on units in a project flagged "Unavailable" are ineligible for Fannie Mae purchase. Owners and buyers cannot query that database directly: it is lender-accessible, so confirming a building's status requires a lender or mortgage broker. The flags that push a project to "Unavailable" are consistent: critical repairs or significant deferred maintenance, litigation involving safety or habitability, special assessments tied to unresolved repairs, member assessment delinquencies above 15%, excessive rental concentration, inadequate reserves, and insurance gaps. Beginning July 1, 2026, the maximum allowable per-unit deductible on a master property insurance policy is capped at $50,000, which is going to surface as a new problem in buildings that raised deductibles to control premium. A project that fails agency review is not necessarily unfinanceable. Portfolio lending, non-warrantable condo programs, and other non-agency options exist, generally at a larger down payment, a higher rate, or both. Establish which track you are on before escrow, not after. Ask the lender to run the project the same week you tour the unit.

How is the D Line subway extension changing the Westside condo picture?

Rail is arriving on the exact corridor where most of this inventory sits. Metro opened new D Line stations at Wilshire/La Brea, Wilshire/Fairfax, and Wilshire/La Cienega on May 8, 2026. The next phase, adding stations in Beverly Hills and Century City, is tentatively scheduled to open in spring 2027, followed by UCLA and the VA in a phase tentatively planned for fall 2027. Be measured about what this does to values. Rail access is a real amenity for a Century City or Wilshire Corridor owner who works Downtown, and it strengthens the lock-and-leave case. It is not a guaranteed appreciation event, and construction along Wilshire has been a live nuisance on some blocks for years. The defensible claim is narrower: buildings within a short walk of a station gain a feature a competing tower a mile away cannot replicate. Weigh it as a feature, not a forecast.

What are the trade-offs against buying a house at the same price?

At $3 million in Los Angeles you can buy a large full-service condo on a high floor with valet, staff, and views, or you can buy a house with land and control. Those are different products serving different lives. The condo case is strongest for buyers who travel, who are downsizing out of a large property, who want zero exterior maintenance, or who need a Los Angeles base that can sit idle for stretches without deteriorating. The house case is strongest for buyers who want to renovate on their own timeline, who need real outdoor space, or who do not want their capital exposed to a board's spending decisions. Add one liquidity consideration from the April 2026 data: single-family product in Greater Los Angeles is absorbing faster than condo product, which is worth pricing into a hold period.

Who is actually buying Los Angeles luxury condos?

Four profiles recur. Entertainment and finance professionals who want proximity to Century City or Downtown without a commute. Buyers exiting large Westside houses who want the address without the roof, the pool, and the gardener. Out-of-state and international buyers building a Los Angeles base. Investors treating the trophy tier as a store of value. Each weights the checklist differently. The lock-and-leave buyer cares most about staffing and security. The downsizer cares most about floor plan and storage, where older towers frequently beat newer ones. The investor cares most about leasing rules and the exit tax position, where the City of Los Angeles boundary becomes a real number.

Do I pay Measure ULA when I buy a condo, or only when I sell?

The seller pays it at closing. It is a transfer tax on the gross sale price, not a purchase-side tax and not a tax on gain. As a buyer, it matters because it shapes how sellers price near the thresholds and because it will apply to you on your own exit if the unit is in the City of Los Angeles.

Are Beverly Hills and West Hollywood condos subject to Measure ULA?

No. Measure ULA applies within the City of Los Angeles. Beverly Hills and West Hollywood are separate incorporated cities and are not covered. Santa Monica has its own Measure GS, which applies at 5.71% on sales at or above $8 million.

What is a reasonable HOA dues figure for a full-service Los Angeles high-rise?

It varies too widely to give a single number honestly. Industry sources covering the Wilshire Corridor cite typical dues in the neighborhood of $1,400–$1,500 per month, and buildings with deeper staffing and amenity programs run considerably higher. The more useful exercise is comparing dues against the reserve study rather than against another building.

Can I rent out my Los Angeles luxury condo?

It depends on the CC&Rs and any rental cap the association has adopted. Some buildings permit leasing subject to a minimum term. Some cap the percentage of units leased at one time. Short-term rental is separately regulated by the municipality. If rental income is part of your plan, confirm both layers in writing before you buy.

Why did my lender decline a building that looked fine?

Almost always a project-level flag rather than anything about you. Fannie Mae's Condo Project Manager can mark a project "Unavailable" for deferred maintenance, safety or habitability litigation, unresolved special assessments, assessment delinquency above 15%, rental concentration, thin reserves, or insurance gaps. Your lender can check the status, and non-agency or portfolio financing may still work at different terms.

Should I be worried about special assessments?

You should be informed about them, not automatically worried. A building that levies an assessment to complete required work is often in better shape than one avoiding the same work. Read the reserve study and the minutes together. The dangerous pattern is a large known capital need, a thin reserve, and a board that has not scheduled a funding decision.

How does SB 326 affect concrete high-rise towers?

Civil Code section 5551 targets exterior elevated elements whose load-bearing components are supported substantially by wood or wood-based products. Buildings without those elements may fall outside the inspection requirement, but that call belongs to a licensed architect or engineer retained by the association. Ask for the association's written determination rather than assuming.

Is Downtown a better value than the Westside?

On price per square foot, generally yes. Whether it is a better buy depends on the specific building. The Downtown gap reflects both genuine value and real building-level issues in some projects. Review the individual associations before treating the discount as free money, and start with our Downtown luxury condos page for the building-by-building picture.

How does The Knight Group work in the Los Angeles condo market?

We work building first, unit second. Before we tour, we establish which associations are financially sound, which are carrying unfunded capital needs, which have completed SB 326 inspections, and which are likely to clear agency project review. That research eliminates buildings early, which is faster and cheaper than discovering the problem in escrow. On the sell side, we price against the Measure ULA thresholds deliberately rather than accidentally, and we prepare the HOA document package before listing so buyer questions do not stall the deal at day fourteen. On the buy side, we coordinate the lender's project review in parallel with the inspection timeline so financing risk surfaces while contingencies are still live. We do not tell clients every building is a good building. Several of the best-known towers here have real issues, and several less-marketed ones are run better than their reputations suggest. If you are weighing specific buildings on the Wilshire Corridor, in Century City, in West Hollywood, or Downtown, contact The Knight Group and we will give you the financial picture on each before you spend a Saturday touring.

What should I check before buying Los Angeles Condos?

Four documents decide whether a building is a good buy: the reserve study, the financials, the board minutes, and the litigation disclosures. Reserve funding percentage tells you whether the association is following a funding plan or quietly deferring needed capital work. Special assessments already levied, pending, or merely discussed in board minutes belong on every buyer's checklist for Los Angeles Condos. Delinquency rates on member assessments reveal how reliably owners in the building are actually paying their dues. Open litigation over construction defect, water intrusion, or habitability is among the most serious findings in a document package. Master policy carrier, limits, and per-unit deductible determine what insurance actually covers when something in the building fails. Leasing restrictions are often the deal-breaker nobody finds until late in escrow for buyers planning to rent. Board minutes are the most useful and least read document, showing what the board worries about and has not yet priced. Noncompliant associations face insurance nonrenewal, lending and resale complications, and materially increased negligence exposure if an element fails. Vague answers about whether an inspection was completed and funded are themselves information about how a building is run. Financing on Los Angeles Condos falls apart most often at the project level rather than because of the borrower. Fannie Mae flags projects for critical repairs, deferred maintenance, safety litigati

What are the most common questions about buying Los Angeles Condos?

Measure ULA is paid by the seller at closing as a transfer tax on gross sale price, not on gain. Buyers of Los Angeles Condos should understand Measure ULA because it shapes how sellers price near the thresholds. Beverly Hills and West Hollywood are separate incorporated cities and are not covered by Measure ULA. Santa Monica applies its own Measure GS to qualifying sales, a separate regime from the City of Los Angeles transfer tax. Homeowners association dues for full-service high-rises vary too widely for any single honest figure to be quoted. Comparing dues against the reserve study is far more useful than comparing one building's dues against another building's. Rental rights in Los Angeles Condos depend on the recorded CC&Rs and any rental cap the association has adopted. Some associations permit leasing subject to a minimum term while others cap the percentage of units leased at one time. Short-term rental is separately regulated by the municipality, so income plans require confirming both layers in writing before purchase. Lender declines almost always reflect a project-level flag rather than anything about the individual borrower's financial profile. Special assessments deserve informed attention rather than automatic worry, since a building funding required work is often healthier. Dangerous patterns include a large known capital need, a thin reserve, and a board that has not scheduled a funding decision. Downtown generally offers better price per square foot, though

Los Angeles Condos for Sale

Premium condo buildings across LA's top neighborhoods, from Bel Air and Beverly Hills to Century City and West Hollywood.

Browse all Los Angeles real estate — or explore the full Los Angeles luxury real estate market.

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Downtown Luxury Condos

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Los Angeles Condos: What Buyers Should Know Before Touring

Los Angeles Condos carry a median list price of $789,000 across 137 tracked properties (CRMLS, September 2026). The median lot measures 5,813 sq ft, placing Los Angeles 12th of 16 Los Angeles sub-markets on land area. Listings move faster than the surrounding cohort, a median of 29 days on market against 33 across Los Angeles.

How much do homes in Los Angeles actually sell for?

Los Angeles trades close to asking price. Across 46 recorded sales, homes traded at a median of 100.0% of their original asking price after a median 13 days on market (CRMLS, September 2026). Asking prices are what sellers hope for; these are the numbers they accepted.

Homes in Los Angeles sold for a median of 100.0% of their original asking price across 46 recorded sales.
Median time on market in Los Angeles: 13 days.
15% of Los Angeles sellers reduced their price before selling.
35% of sales in Los Angeles closed above the original asking price.
Median recorded sale price in Los Angeles: $837,500.
Median recorded price per square foot in Los Angeles: $573.

Where price resistance shows up in Los Angeles

Negotiating room is not evenly distributed across price. Measured across recorded sales in this dataset, the gap between asking and accepted widens sharply at the top of the market.

Under $1M: sold at a median 98.7% of original ask after 20 days, with 33% of sellers reducing (1316 sales).
$1M-$2M: sold at a median 99.3% of original ask after 19 days, with 28% of sellers reducing (1571 sales).
$2M-$5M: sold at a median 98.9% of original ask after 22 days, with 20% of sellers reducing (752 sales).
$5M and above: sold at a median 91.3% of original ask after 54 days, with 24% of sellers reducing (174 sales).

What is the Los Angeles market like right now?

Los Angeles is tracked as a distinct sub-market of Los Angeles, and its figures diverge from the parent average. The measurements below come from CRMLS listing data as of September 2026.

Median list price across 137 tracked Los Angeles properties: $789,000.
Median lot size in Los Angeles: 5,813 sq ft.
Median living area in Los Angeles: 1,344 sq ft.
Median days on market in Los Angeles: 29.
Housing stock in Los Angeles was built between 1885 and 2026, with a median year of 1924.
Typical Los Angeles home height: 1 story.

How does Los Angeles compare with nearby Los Angeles neighborhoods?

Median lot size separates Los Angeles sub-markets more sharply than price does. Los Angeles ranks 12th of the 16 comparable sub-markets tracked here.

Woodland Hills: median lot 11,136 sq ft, median list price $1,600,000.
Porter Ranch: median lot 10,839 sq ft, median list price $1,279,475.
Pasadena: median lot 8,370 sq ft, median list price $1,398,000.
Sherman Oaks: median lot 6,873 sq ft, median list price $1,699,900.
North Hollywood: median lot 6,822 sq ft, median list price $1,044,000.
Burbank: median lot 6,752 sq ft, median list price $1,399,993.
Studio City: median lot 6,751 sq ft, median list price $2,299,000.
East los Angeles: median lot 6,750 sq ft.

What buyers ask about Los Angeles

These are the topics buyers most often search for when they reach this page, ordered by real search volume and answered from current Los Angeles listing and sales data (CRMLS, September 2026).

What should buyers know about Los Angeles?

The median list price across tracked Los Angeles properties is $789,000 (CRMLS, September 2026).

How much do homes in Los Angeles cost?

The median list price across tracked Los Angeles properties is $789,000 (CRMLS, September 2026).

What do homes in Los Angeles actually sell for?

Homes in Los Angeles have sold at a median of 100.0% of their original asking price after a median 13 days on market, and 35% of sales closed above asking.

How big are the lots in Los Angeles?

The median lot in Los Angeles measures 5,813 square feet. Median living area is 1,344 square feet.

When were homes in Los Angeles built?

Housing stock in Los Angeles was built between 1885 and 2026, with a median year of 1924.

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Los Angeles Condos for Sale

Downtown Luxury Condos

Similarneighborhoods

Los Angeles High Rise Condos

Los Angeles Condos

Luxury Hotel Residences Homes for Sale

Los Angeles Condos for Sale

Los Angeles Condos: What Buyers Should Know Before Touring

How much do homes in Los Angeles actually sell for?

Where price resistance shows up in Los Angeles

What is the Los Angeles market like right now?

How does Los Angeles compare with nearby Los Angeles neighborhoods?

What buyers ask about Los Angeles

What should buyers know about Los Angeles?

How much do homes in Los Angeles cost?

What do homes in Los Angeles actually sell for?

How big are the lots in Los Angeles?

When were homes in Los Angeles built?

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