Inter Panama Real Estate Agency has this listing of a vacant lot on a street corner where there's the potential for a few different types of structures that could be built there. In other words, the property is zoned for either a small apartment or office building. That said, one could build their "dream home" there if thats their fancy. 

Los Angeles is a predominantly residential area of Panama City that does have some commercial activity in it as well. This large neighborhood is keenly situated between two of the citys busiest streets, one being Avenida Simon Bolivar (commonly known as Transistmica) and the other is Avenida Ricardo J. Alfaro (commonly known as Tumba Muerto). Other things you'll find in the immediate area are restaurants, banks, supermarkets, pharmicies, clothing and department stores plus some industrial businesses and more.