Los Angeles CA High Rise Condos for Sale
High-Rise Condominiums for Sale in L.A.
A high-rise condo is the quintessential low-maintenance, luxury Los Angeles home. A step above apartment living with the convenience of luxury amenities, urban accessibility, and zero yard work. In August 2021, the LA Times reported that two Los Angeles high-rise condos saw record-high prices, due to the growing desirability of the high-rise condo lifestyle. The record-breaking price came in at $4,848 per square foot, a whopping $13,000,000 for a high-rise luxury condo overlooking Sunset Strip. Now may be the perfect time to invest in a high-rise condo, with the space and finishes of a luxury custom home, but without any of the hassle of lot maintenance and the long commutes to urban areas.
Included below are High Rise Condo for sale and real estate in Los Angeles, CA.
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Is an L.A. High Rise Condo Right for Me?
High-rise condos, by definition, are buildings at least seven stories high in which all condos are governed by a condo association, which keeps up with regular maintenance, utilities, and operations. In Los Angeles, a luxury high-rise condo often provides views of downtown and accessibility to otherwise occupied parts of the city.
People who love their Los Angeles high-rise condos can’t get enough of the walkability to bars, restaurants, shopping, and everything else downtown Los Angeles has to offer. Without sacrificing a luxury home, high-rise condo owners get to enjoy all the excitement of downtown. If you’re looking for a spacious, comfortable home without leaving the heart of LA, a high-rise condo might be the right choice.
Price, Availability, and Investment on Luxury High-Rise Condos
The rising demand for high-rise living makes it a brilliant time to invest in Los Angeles high-rise condos. Just like New York City and Chicago years ago, Los Angeles is transitioning to more high-rise condos and fewer new single-family homes. This means many developers are building luxury high-rise condos in all the best Los Angeles neighborhoods.
Availability is growing, but so is demand. A potential buyer can expect to pay around $900 per square foot, though the price will vary depending on location and luxury amenities. $1 million is a reasonable expectation for a 1,000 square foot, 2 bedroom 2 bathroom high rise condo with views of the city and high-end finishes. For $18 million, a buyer could purchase an entire floor of a high-rise condo building, around 7,000 square feet dripping with luxury and million-dollar views. If you think high-rise condo living is what you’re missing, it’s time to begin the search.
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