Downtown Los Angeles Is the central business district of Los Angeles, as well as a diverse residential neighborhood. A heritage of the city's founding in 1781, Downtown Los Angeles today is composed of different areas, including its wholesale flower market and fashion district to its historic landmarks and gallery-sponsored art walks. Downtown is where diverging interests converge in this star-studded city on the coast. There is always something to do. High-class cafes, wine bars, and lounges intermingle with old-school diners and family-run restaurants. in Downtown LA. Because It's filled with historic train stations, hotels, museums, music centers and is the hub of the city's Metro and transit systems, Downtown is now one of the most sought after areas to live.