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Take a peek: Historic Core condos aimed at first-time buyers start in low $400,000s

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The tower sits at Fourth and Broadway

Condos in a 35-story high-rise still under construction in the Historic Core have hit the market.

Sales opened over the weekend at Perla, a condo tower aimed at first-time buyers.

Designed by architecture firm CallisonRTKL and developed by SCG America, the U.S. subsidiary of Shanghai Construction Group, Perla sits in the heart of Downtown LA, at the corner of Fourth Street and Broadway. It’s now the Historic Core’s tallest structure, though not for long; other tall towers are in the works.

With prices starting in the low $400,000s, Perla’s prices come in below the median Downtown condo sales price of $620,000. The least expensive units are compact studios that measure roughly 400 square feet.

One-bedrooms range from the mid $400,000s to the low $700,000s and offer between 450 and 810 square feet of space. For two-bedrooms, prices jump up, starting in the low $800,000s and rising to $1.2 million for 920 to 993 square feet.

The priciest units in the building are the “Sky Homes” on Perla’s 31st through 35th floors. These start at the mid $850,000s for a one-bedroom unit and go up to over $1.4 million for a 1,200-square-foot two-bedroom condo.

Residents will have access to amenities including an 11th floor pool deck, coworking spaces, additional outdoor decks, and dedicated “dog walk” space. Perla’s interiors were helmed by interior design firm Hirsch Bedner Associates.

The ground floor of the building will hold 7,000 square feet of space for retail and commercial uses.

The building is expected to be complete in 2020.