Low asking price is just the beginning of what makes a Downtown L.A. loft affordable, a nice place, as well as a good investment. #lofts #dtla #affordable
Other cost factors include Homeowners Association Dues, property taxes, unit maintenance and parking costs. The average HOA dues in Downtown LA are more than $500 per month. With a dramatic renaissance, renewal and billions of new infrastructure improvements, new lofts and condos, DTLA gives a great value in awesomeness per dollar.
The lowest priced cool lofts in Downtown Los Angeles can be found at the SB Grand building by Pershing Square in the Historic Core. The HOA dues are less than half of the average even though it includes luxury amenities such as 24-hour front desk concierge, rooftop sun deck with swimming pool and hot tub spa, and fitness center. Sturdy industrial lofts offer owners some of the lowest maintenance costs of any residential type. When decorated and furnished appropriately, the lofts give some of the most striking of because of the high ceilings.
Get a free list of affordable lofts and condos for sale and for lease in Downtown Los Angeles. Fill out the online form:
In this post: Give yourself a real treat this month! Newsletter (pdf)
First, here’s some exciting local Downtown real estate news for loft lovers and for home buyers on a budget who need to pick up the most amazing loft for the lowest price on the market. Announcing the two best loft deals in town! The BIGGEST loft in the $400,000s along with THE most affordable loft in Downtown Los Angeles!! L.A. LOFT BLOG EXCLUSIVE! Cutest loft in Downtown, the Pershing Square Loft with a great layout makes a BIG impression! #dtla #lofts #affordable
Special pocket listing for the readers of the L.A. Loft Blog. — SB Grand Loft for Sale – Enjoy Downtown life in a modern open loft with fantastic urban industrial character on Broadway in the Historic Core. Private balcony facing community courtyard. Modern kitchen with stainless steel appliances. Tinted polished concrete floors. Washer and dryer in unit. Large soaking bath tub. Open and airy living space with high vaulted ceilings, A/C cooling and heating. Excellent downtown location near Farmers Market, Grand Central market. Minutes to Whole Foods, Ralph’s and great shopping and dining. The building features 24-hr security front desk concierge, fitness room, rooftop pool deck, hot tub with panoramic views of the Downtown Los Angeles skyline. Wired for cable and Internet. Low HOA dues. Pets okay. Great for Downtown live/work! The complex has valet parking available. By Metro station, Pershing Square concerts in Summer and ice skating Winter. Stroll thrugh the renaissance of Broadway, with coming street car as part of the Bringing Back Broadway project. 312 W 5th St #921, Los Angeles, CA 90013. Call Corey (213) 880-9910. | DETAILS
Also in the SB Grand building, check out the biggest Downtown LA loft in the $400,000s:
As promised, here is the new October issues of the SoCal Home Blog: #realestatenews
Go Ahead… Give Yourself a Real Treat This Month! The month of October can be a spooky month, maybe even a scary month with monstrous problems.
Yikes!! Well maybe not, but words like that seem to be popping up everywhere as kids and adults alike look forward to Halloween. In fact, according to the USA Today, adults spend more on themselves to celebrate Halloween than any other day during the year. I get that. Especially if they want to hang out with the kids to go trick or treating, or to a Halloween party of some kind. For many homeowners and home buyers though, they are truly scared. Scared to death of… | MORE
Real Estate News — Comparing the Lowest Priced Lofts in DTLA
The L.A. Loft Blog recently reported that Downtown L.A. homes sold at a median price of $619,500 with 42 days on market. Since many buyers need to spend less than that, this post will compare and contrast the lowest priced loft buildings in Downtown LA. #dtla #realestatenews
TOP 10 PLACES WITH THE BEST DEALS
For those who need to get more for less, there are ten buildings that are most likely to be in the running. Starting with the best deals, the lowest asking prices and lowest HOA dues, here is a quick comparison of the pros and cons so that prospective Downtowners and investors can find the right match at a glance:
SB Grand 312 W 5th St – Lowest price per square foot and lowest HOA dues. Popular location by Pershing Square in the Historic Core. Rooftop pool and hot tub spa. 24-hour front desk security concierge. Incomplete financials, lots of chaos and commotion outside, high renter ratio, litter, plumbing issues, lender issues.
Little Tokyo Lofts 420 S San Pedro St – Best deal on a Mills Act historic industrial loft that includes covered parking, free guest parking, swimming pool, hot tub spa, BBQ and 24-hour security of gated complex. Across the street from homeless shelters and tents. Water intrusion. Mental clinic in the building.
Textile Building 315 E 8th St – Beautiful Mills Act historic building with big windows, natural light, views and convenient parking. Rooftop deck. Near Skid Row. Leasing restrictions. Noisy intersection.
Eckardt Building 738 S Los Angeles St – Mills Act historic industrial building with all of the amenities and patrolling security guards near lots of shopping and dining. Most affordable units have parking a block away in Skid Row. Water intrusion.
Cornell Building 746 S Los Angeles St – Mills Act historic industrial building with all of the amenities and patrolling security guards near lots of shopping and dining. Rooftop BBQ lounge. Most affordable units have parking a block away in Skid Row.
Higgins Building 108 W 2nd St – Beautiful clean, safer neighborhood across from police headquarters, Mills Act historic building has rooftop deck with dramatic up-close skyline views. Restaurants in building. Parking not included. HOA special assessment cost.
Bartlett Building 215 E 7th St – Central walkable location, Mills Act historic building has rooftop deck with dramatic skyline views. Parking not included. Busy, noisy street.
Douglas Building 257 S Spring St – Beautiful Mills Act historic building with distinctive architecture and character. Original brick and amazing original wood floors. Some units include parking in building. Usually nothing for sale.
Beacon Lofts 825 E 4th St – Industrial lofts in the best part of the Arts District across from Little Tokyo Mall, entertainment and large grocery store. Rooftop deck with hot tub spa, outdoor kitchen and skyline views. 2-car tandem parking. Usually nothing for sale.
Alta Lofts 200 N San Fernando Rd – Bigger, modern industrial lofts with lots of natural light and views, low cost per square foot. Parking and guest parking. Social room and gym. In less-walkable industrial neighborhood, 3 miles to Downtown with increasing traffic.
The big, beautiful new upcoming shopping center will finally put the Arts District on the shopping map and bring another big boost to already exploding loft prices. At Mateo promises to become the social epicenter of the Arts District, providing locals and visitors with artisan eateries and drinking establishments, fashion-forward retailers and local services which complement the avant garde and sophisticated culture of the neighborhood.
While much smaller than The Grove of Los Angeles, At Mateo is just the right size to bring an enjoyable place to hang out, eat and socialize. Here are the photos of the nearly-complete complex of retail stores, boutique shops topped by lofty office spaces. #atmateo #artsdistrict
Get a free list of Arts District lofts for sale and for lease. Fill out the online form:
Looking at what sold recently is a great way to see what is really happening with the real estate market of Downtown LA. #downtownla #sold #homes
Home prices and values can best be determined by learning the prices of lofts, condominiums and houses that sold nearby recently. The money actually paid for a home that just sold tells us the most accurately about what similar properties will likely sell for today. | REPORT
Downtown L.A. Directory: Housekeepers, Home Inspection, Lenders, Agents and Attorneys #dtla #loft #directory
Downtown L.A. lofts present special challenges and opportunities for owners, residents and home sellers due to their unique industrial, historic and commercial attributes. Large open spaces with high ceilings exposed plumbing are common. The physical and legal requirements can quite often differ from a suburban house. Below is a list of Downtown LA loft specialist janitors, home remodeling companies, home inspectors, mortgage loan and Realtors who can help loft home buyers, sellers, renters landlords.
Lety the Loft Cleaner 323-239-6147
Home Improvement Contractors:
DC Keeton 213-232-4783 dckeeton.com
Home Inspection Companies:
LaRocca Home Inspection 818-951-1795 www.laroccainspections.com
Prime Home Inspection 310-869-5781
As the average Downtown home price surpasses $600,000, it can be a daunting task to find a good deal in the most exciting place on earth. The LA Loft Blog is helping by showing the amazing lofts that are in the most affordable price range, listed with the biggest and best bargains on top. #downtownla #lofts #bargains
In today’s market, serious buyers often find that they are outbid by other buyers, especially when trying to pick up a beautiful home that is listed at an excellent price. Prospective home owners can beat out other buyers to the best deals by getting them first, and also getting the unlisted lofts, pocket listings and the best deals that are not on the internet.
Downtown L.A. Home Prices: Why do homes in Downtown Los Angeles cost over $600,000 on average, while homes in Chicago cost less than $300,000?
Supply and demand are the primary drivers of prices. There are many reasons why so many people want to live in Southern California neighborhoods:
#1 Nice weather; #2 Jobs / Economy; #3 Many things to do; #4 Better Schools; #5 Better Neighbors; #6 Overall growth / Improvement in the neighborhoods. The #7 reason is that SoCal home prices go up faster and steeper than other parts of the USA, making for a much better long-term return on investment. #dtla #investment
Get a free list of Top 10 Investment Properties in Downtown Los Angeles. Receive FREE Downtown Best Smart Money Property Listings in your email. Fill out the online form:
Lofts and Condos in Downtown L.A. Without Costly Mistakes
When moving to a loft or condominium in the most exciting place on earth, buyers want the fun and convenience without the hassles and drawbacks that can often occur for new home buyers and experienced real estate investors alike. #dtla #homebuyer #mistakes To help home buyers get the good while dodging the negatives, here is a list of the top thirteen pitfalls to hurdle when looking into DTLA homes for sale:
Loft Lending Problems – Most properties in Downtown Los Angeles are in industrial or commercial buildings that have been converted to live/work residential units under the special Los Angeles Adaptive Re-Use Ordinance. Most home lenders are unfamiliar with these rare property types, causing a host of misunderstandings, delays, cost overruns and failed transactions. Loft loans can be a breeze when buyers use a Downtown loft specialist lender.
Lawsuits and Litigation – More than 25% of homes listed for sale are currently or recently involved in legal issues that may affect purchasability and profitability of the property. Downtown loft specialist realtors have the most knowledge and information on these issues to share with prospective buyers and to ensure a happy home purchase.
Maintenance Issues – While industrial and commercial lofts generally have superior robust construction, all properties require maintenance that is best done before the inspection process. Buyer also want to be in a building with excellent building maintenance and low HOA dues.
Low Appraisal – While home prices are above average, reducing the chance of a low appraisal, home buyers and seller should see a full CMA Competitive Marketing Analysis or comps (recently sold comparable properties) before entering into a transaction.
Out-of-Area Agents – Getting help from a local Downtown loft specialist is the most popular way to prevent errors and omissions that are common when relying on a real estate professional who is not among the most experienced and knowledgable about the complications of Downtown L.A. real estate.
Insufficient Knowledge – The costliest and most worrisome mistakes are made when buyers and sellers make hasty emotional decisions that are not based on tried and true experience in DTLA real estate. Home buyers and sellers can get free information easily from the LA Loft Blog. | ASK
Defects and Damage – All properties, buildings and neighborhoods in Downtown Los Angeles have issues that buyers need to know about before going to see properties. In addition to hidden defects, buyers need to know in advance about what is happening in and around the building.
Loft Issues – In addition to building conversion and architecture issues, buyer need to know about tax status, zoning, live/work status, renter ratio, retrofit inspections and other issues that affect the value and desirability of each different building.
Downtown Disasters – Urban areas have more going on, both good and bad. With a large homes population, common urban crime, and financial issues of some buildings, buyers need to receive an abundance of disclosures and info.
Air Quality – Most of Downtown Los Angeles is in a red zone of pollution, noise and other hazards. Prospective Downtowners need to know about all of them.
Too Many Buyers – The market is great for sellers, and challenging for buyers. When a super deal comes up on a beautiful home, many buyers must compete to try to buy the right place.
Not Enough Inventory – Home owners are happy with the results of their investment, and few have any reason to sell. The results is a low number of properties for sale on the market.
Missing Out on the Perfect Place – The #1 fear of buyers is to not see or to be too late when the perfect home does come up for sale. This can be prevented by automatically receiving all of the homes from all real estate companies as soon as they hit the market, including the unlisted homes, along with the best deals that are not on the internet.
While any or several of these issues can really put a damper on the enjoyment and profitability of a Downtown Los Angeles property, solutions exist that can prevent or eliminate any serious problems. Get a free information on Downtown L.A. homes. Fill out the online form: