Chinatown has by far been one of my favorite places to visit. You cant beat the sightseeing, shopping, eating, and cultural experience all in one place. The best part is, if you are living in LA, you can do this practically any weekend. It's about the easiest and less expensive way to get out of LA without leaving LA.
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The crowds are generally more manageable around Chinatown in the late morning or early afternoon. If you want to grab a memento or some gifts for family and friends back home, it's best to get to the shops along Grant Street right when they open to avoid the inevitable crowds.