LA Condos Under $500,000: Where They're Listed (Late October 2026)

As of October 31, 2026, our live search counted 363 Los Angeles condos for sale under $500,000, at a median asking price of $445,000 for a median 762 square feet. Downtown LA held 138 of them and Koreatown 34. Beverly Hills, Playa Vista, Venice, Marina del Rey and Cheviot Hills showed none.

Every figure here is an asking price on CRMLS listings LA Condo HQ publishes, not a closed sale or an appraisal. The under-$500,000 counts come from our price-filtered search pages, read October 31, 2026; the neighborhood totals and medians come from /market-stats, which dates its inventory to the October 30, 2026 refresh.

How big the under-$500,000 tier is

As of October 30, 2026, /market-stats showed 1,968 Los Angeles condos published for sale at a median asking price of $779K, or $676 a square foot. Against that, the 363 listings under $500,000 are a minority, a little under one in five on the two readings. The price ladder on the same search pages, read October 31, counted 944 listings under $750,000 and 1,334 under $1 million, so the count more than doubles, from 363 to 944, between the $500,000 and $750,000 lines.

The sub-$500,000 tier is mostly small homes. Of the 363, 232 were one-bedrooms at a median $445,000, 49 were studios at a median $365,000, 77 were two-bedrooms at a median $465,000 and 5 were three-bedrooms at a median $440,000. The median works out to about $554 a square foot, which is below the citywide $676, so the discount comes from both size and location.

The search page gives the lowest ask in the set as $39,704, a Koreatown listing. An ask that far below everything else is worth confirming with the listing agent before reading anything into it. In Downtown LA, the lowest ask in the tier was $188,800.

Downtown LA: 138 of the 363

Downtown LA carries the tier. As of October 31, 2026, its price-filtered search showed 138 condos under $500,000 at a median $435,500 for 766 square feet, about $558 a square foot. Ninety-six were one-bedrooms, 27 studios and 14 two-bedrooms, spread across 22 buildings. As of October 30, /market-reports/downtown-la and /market-stats put Downtown's whole for-sale inventory at 338 listings with a median asking price of $565K, so a large share of what Downtown has on offer sits under the $500,000 line.

The supply clusters in a few large towers and loft buildings. The buildings with the most sub-$500,000 units on October 31 were 1100 Wilshire with 13, Metropolis Tower II with 12, 267 South San Pedro Street with 10, /buildings/market-lofts with 9, Savoy with 8 and Little Tokyo Lofts with 7. Several units at /buildings/elleven on South Grand Avenue also asked under $500,000. When one building holds a dozen listings in the same tier, compare them on floor, view, parking and the association's finances rather than on price alone.

Koreatown, Culver City and Sherman Oaks

Koreatown had the second-largest count. As of October 31, 2026, 34 of its condos asked under $500,000, at a median $386,500 for 631 square feet, about $606 a square foot: 22 one-bedrooms, 9 studios and 2 two-bedrooms in 5 buildings. The supply is concentrated, with 8 at 2121 James M. Wood Boulevard and 8 at 525 South Ardmore Avenue. Koreatown's full for-sale count was 136 at a $692K median on /market-stats as of October 30.

Culver City showed 21 under $500,000 as of October 31, asking $375,000 to $495,000 with a median $449,944 for 764 square feet, about $562 a square foot, and 19 of the 21 were one-bedrooms. Culver City is its own city, with its own transfer tax and city services; /market-reports/culver-city has the full picture, 61 listings at a $579K median as of October 30.

Sherman Oaks gave the most space for the money. Its 16 listings under $500,000 asked $339,900 to $499,000 as of October 31, with a median $469,450 for 904 square feet, about $533 a square foot, and 6 of the 16 were two-bedrooms. The neighborhood's overall median on /market-stats was $649K across 73 listings as of October 30.

The rest of the map, and where there are none

Smaller pockets showed up across the city as of October 31, 2026: Westlake 13, West Adams 12, West Hollywood 12, Highland Park 10, Hollywood Hills West 10, Hollywood 9, Westwood 7, Silver Lake and Echo Park 6, and Mid-Wilshire, Pacific Palisades and Sawtelle 5 each. Los Feliz had 3; Beverly Grove, Brentwood, Mar Vista, Palms and Pico-Robertson 2 each; Century City and Santa Monica 1 each. Those neighborhood counts add up to 318, so about 45 of the 363 sit outside the neighborhoods our reports cover.

Westlake is the one neighborhood where nearly the whole market is in this tier: /market-stats showed 14 Westlake listings at a $362K median as of October 30, and 13 asked under $500,000 a day later. West Adams, at 18 listings and a $473K median, is the other neighborhood whose overall median sits below the line.

Five neighborhoods with sale listings had none under $500,000: Beverly Hills with 68 for sale, Playa Vista with 33, Cheviot Hills and Rancho Park with 26, Venice with 13 and Marina del Rey with 12, all as of October 30. University Park near USC showed no condos for sale at all. If your budget stops at $500,000, those areas are off the table on this feed today, and the nearest pockets are Culver City, Mar Vista and Palms on the Westside, and Beverly Grove, Pico-Robertson and Century City beside Beverly Hills, all with one or two units except Culver City.

What to check on a sub-$500,000 condo

A low price often travels with a high monthly cost. Ask for the association dues, the reserve study and the last two years of budgets before you compare listings, because dues and any special assessment are what decide whether a $450,000 condo is cheaper to own than a $550,000 one. /blog/first-time-la-condo-buyer-guide walks through the documents.

Check what you are buying. In older loft conversions, confirm that the unit is a recorded condominium and not a stock cooperative, and ask whether parking is deeded or assigned. Check financing early, because a building's lender and FHA approval status affects which loans can be used. And compare price per square foot as well as price: Koreatown's sub-$500,000 listings were smaller than Downtown's at the median, 631 square feet against 766, and cost more per foot, about $606 against $558.

Questions buyers ask about LA condos under $500,000