I will tell you that I love the downtown area for an long term investment rather it is your primary residents or a true investment purchase. You are able to find lofts or 1 bedroom from as low as $100,000 to as high as $600,000.
Depending on what your motivation is on this purchase and of course your buying power, I would say that you might want to consider sitting down with expert in the downtown market. Just because you can buy a condo for $100,000 does not make it a great investment however buying a 1 bedroom for $600,000 does not make it a great long term investment either.
You need someone to break down the difference between the good, the bad, and the ugly. Ask questions, get comps, go look at units that are currently in escrow that way you will get a sense of what you want and what you will have to pay to go get it.
If you need help or have any direct questions please free to email me at firstname.lastname@example.org
Jason D. Coriano