Condos have long been a staple in the real estate market. Whether you’re a first-time buyer, downsizing after years in a house, or purchasing a second home, condominiums offer an affordable and convenient style of living especially in a competitive market like Los Angeles.
However, as an experienced Realtor in Los Angeles, I often see buyers get caught off guard by the complexities of condo ownership. Without the right knowledge, your condo purchase could become more of a financial drain than a sound investment.
Here’s what every savvy buyer should know before purchasing a condo in L.A., plus expert tips from me, Sharlot Arabshahi, to help you make a smart real estate decision.
Condos in Los Angeles: A Practical Alternative to High Home Prices
With rising single-family home prices across Southern California, condos are often seen as a more attainable way to break into homeownership. And it’s true—condos usually come with a lower price tag, lower maintenance responsibilities, and great amenities like pools, gyms, and concierge services.
But before jumping in, ask yourself one key question:
“Am I buying for lifestyle… or investment?”
Because in Los Angeles, not all condos are created equal, and long-term value should always be top of mind.
Think Long-Term: What Really Holds Value?
Here’s a surprising truth many buyers overlook: Your home’s structure depreciates over time. It’s the land that typically appreciates in value. That’s why single-family homes in prime L.A. neighborhoods—think Beverly Hills or Brentwood have seen explosive gains over the decades, regardless of the condition of the actual house.
Let’s put that into perspective:
If someone bought a mid-century modern home in Trousdale Estates back in the 1970s, that house likely featured the latest technology of the era. Today? It’s probably outdated or even a teardown. Yet that property could now be worth $8–10 million, thanks solely to the value of the land and location.
This matters because when you buy a condo, you’re investing in a portion of a building, not the land beneath it. And over time, that building will age possibly not very well.
In L.A., most buildings are not historic, pre-war charmers. In fact, many condo buildings here are less than 30 years old, and trends change fast. Some age gracefully, but many don’t. If you’re not careful, you could be stuck with a dated unit in a fading building—one that won’t compete well in the resale market.
Real Estate Advice from a Trusted Realtor: Always Consider Resale Value
As a professional realtor in Los Angeles, I often hear clients say:
“We’re only planning to stay in the condo for a few years…”
That’s a risky mindset. Everyone believes their career or financial situation will be better in the future but real estate decisions should be made based on current value and future resale potential, not wishful thinking.
If you’re investing hundreds of thousands—or even millions—into a property, make sure that property is likely to retain or increase its value.
And here’s the bottom line:
Single-family homes almost always offer better long-term returns than condos.
But if a condo fits your lifestyle or budget better, then read on…
If You’re Buying a Condo, Spend More for the Best View Possible
In a condo purchase, your view is everything.
Since you don’t own the land, the two main drivers of value in a condominium are:
- Interior space
- The view
Condos on higher floors with expansive, unobstructed views of Downtown Los Angeles, Santa Monica, or even the Hollywood Hills are always in demand. These units are more resilient in resale value, even when the building itself starts showing its age.
Let’s fast forward 20 or 30 years. By then, your building may be tired and outdated. But if your unit has a killer view, buyers will still pay top dollar to renovate it and make it their own.
If you’re serious about buying a condo, prioritize units with the best view and location in the building even if it costs more upfront. It’s a smart long-term strategy.
Don’t Buy a Condo at the Peak of the Market
Another mistake I see buyers make? Purchasing condos at the height of the real estate market.
Condos and second homes (like beach houses in Malibu) are always the first properties to drop in value when the market corrects. In contrast, primary residences especially single-family homes are the last to fall and usually by smaller percentages.
So if you’re buying during a high market cycle, be extra cautious. Make sure the price per square foot and location still make sense, and that you have a strategy for holding the property long enough to ride out any potential downturns.
Condos Can Be Smart With the Right Guidance
If your lifestyle aligns with condo living whether you’re downsizing, simplifying, or relocating then by all means, go for it. Just make sure you’re working with an experienced Realtor in Los Angeles who understands the nuances of the local condo market.
As a trusted real estate expert, I’m here to guide you through every step of the buying process—from identifying the right building and floor plan to negotiating the best price and preparing for long-term value.
Looking to buy a condo in Los Angeles?
Explore my top picks for luxury condos, investment-friendly buildings, and the best views in the city. Contact Sharlot Arabshahi today to start your search with confidence.
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