Downtown Los Angeles

Downtown Los Angeles

With $15 billion of recent private investment, Downtown L.A. is just getting warmed up. In a neighborhood that suffered from blight and emptiness 10 years ago, the middle class and wealthy are now flocking to Downtown in droves.  According to a report by Lauren Schuker Blum and the Wall Street Journal, TV producers and TV personalities are selling their old-fashioned Beverly Hills McMansions to move to the new, exciting frontier of Downtown Los Angeles. They are moving here for the new energy.  In Downtown, residents can walk everywhere they need to go for food, entertainment and new public transportation. #DowntownLA

Downtown Los Angeles

Downtown Los Angeles

Those who love new buildings prefer luxury high-rises like the Ritz-Carlton condos at LA Live, while genuine loft lovers are buying multiple units at the historic industrial Nabisco headquarters, now converted to luxury lofts called Biscuit Company.

Downtown’s population has soared over the past 14 years to 52,400 people, according to the Downtown Center Business Improvement District. Much of this expansion is due to the Los Angeles Adaptive Re-use Ordinance, along with the Metro rail transit stations, and LA Live.

In the past five years, Downtown has grown by more than 500 new restaurants, bars, nightclubs and retail stores.

downtown-barker-viewWhile more than 5,000 apartments are under construction downtown, with another 13,000 proposed, new condo inventory is at record lows, with almost no condos currently available for sale in Downtown. The only exceptions are the new Metropolis Los Angeles, a $1 billion megaproject under construction until 2016.  Meanwhile, prices have increased and vacancy rates have decreased. The new construction luxury condos at Metropolis can now be reserved without risk for prices around $1,000 per square foot.

When the developers KOR Group released first 15 units of Barker Block Warehouse One in late January of 2014, they received 115 offers and the lofts sold within the week. The remaining units sold within just a few months.

Downtown residents love the vibrancy of the many young professionals walking their dogs, and couples now walking on the street, the sense of community.  More and more same-sex couples are finding Downtown to be the perfect place for creative new thinking and a celebration of diversity. Two new gay bars are now under construction, including Precinct on Broadway and 4rd Street, and Redline dance club below the Santa Fe Lofts on 6th Street. At the same time, more families with children are also feeling safe and secure enough to move to Downtown with its low crime rate thanks to alert residents, vigilant police and 24-hour bicycle safety patrols.

The tallest building on the West Cost is now under construction called the Wilshire Grand.  Whole Foods market is under construction along with other new retail store at 8th Street and Grand Avenue.

New Downtown residents are generally younger, and make about twice as much money as the national average.  The median age of downtown L.A. residents is 34, with a median annual income of $98,700 per household, according to a survey issued in 2013 by the Downtown Center Business Improvement District.

A suburban house is no longer the ideal picture.  A Downtown loft is now the American Dream.

SEE DOWNTOWN LOFT & CONDO LISTINGS:  FOR SALE  |  RENTALS

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Los Angeles Lofts

Los Angeles Lofts

In the City of Los Angeles, Downtown has the greatest concentration of industrial and commercial loft conversions.  The word LOFT can refer one of three different things: a conversion of old an old business building into modern residences; a new construction with open floor plan, high ceilings and exposed plumbing; or a modern condo or single family residence with extra high ceilings and an open mezzanine area upstairs.

Lofts in Los Angeles are usually measured by their square footage rather than by bedrooms because they usually do not have bedrooms. Most lofts are all open with no bedroom door.  Some lofts do have a traditional bedroom with a door, or occasionally several bedrooms.  Many lofts have either a natural separation of the bed area, such as around a corner, or else sometimes a loft-style bedroom has been created with partitions, furnishings, partial wall, short wall or sliding glass doors.  Frosted glass is often used for its ability to transmit light into and out of the bedroom while giving privacy. Other lofts have no separation of the bed area, and the bed might be right next to the front door, or even next to the refrigerator, common at the Elleven lofts building.

Because lofts are basically just a big box, furniture, decor and finish make the difference between a plain loft, an upscale chic loft or an artistic masterpiece.

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Buy a Small Studio in an Historic Building, and Never Pay Rent Again

Buy a Small Studio in an Historic Building, and Never Pay Rent Again

Downtown condominium prices, interest rates and rents are expected to increases at a rapid pace in 2015.  For those who just need a pied-à-terre, a convenient and economical place to sleep, the Glen Donald Building offers a small studio with a built-in murphy bed, along with a full kitchen just a few blocks from Downtown Los Angeles for $155,000.

Glen Donald Building 2121 James M Wood Los Angeles

Glen Donald Building 2121 James M Wood Los Angeles

Glen Donald Building is located at 2121 James M. Wood, Los Angeles, in the neighborhood of Westlake by Downtown L.A.

See the building details, video and photos at GlenDonaldCondo.com

Get new listings from all agents as fast as they come onto the market:

Copyright © 2014 This free information provided courtesy Corey Chambers, Realtor, Realty Source Inc, BRE#01889449 We are not necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 478-0499 or visit DowntownLosAngelesLoft.org Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.
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Downtown Los Angeles Condos Under $350,000 This Week

Downtown Los Angeles Condos Under $350,000 This Week

condos-downtown-under-350k

Downtown Los Angeles 6 Buyer MistakesThank you for your interest in our services to help you buy a loft in Downtown Los Angeles.  You have found the starting point of your path to a successful purchase of a Downtown loft.  While Downtown Los Angeles has regained its status as one of the most exciting places on Earth, all Downtown buildings have serious issues that buyers need to know about before the buyer goes to view the properties.  I will help you get priority information on bargains and privileged access to unlisted properties.  Buyers have had twice as many amazing lofts to choose from when, as our clients, they have been able to access hundreds of exclusive pocket listings, secret inventory not available to the general public.  There is no charge to buyers for our services. Call me at (213) 478-0499 so that I can find out more about what you are looking for, then get access for you to the largest number of foreclosures, pocket listings and other unlisted properties. Condos list PDF is at downtown-condos-under-350k.

Corey Chambers

Copyright © 2014 This free information provided courtesy Corey Chambers, Realtor, Keller Williams Realty, BRE#01889449 We are not necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 478-0499 or visit DowntownLosAngelesLoft.org Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

1 14

A 42 C/C

312 W 5TH ST #824

824 $269,900

1 1.00 (0 0 0 0)

280 470

27,285 1923 337

07/11/2013

13-686093

2 25

A 42 C/C

421 S LA FAYETTE PARK PL #604

604 $289,000

1 1.00 (1 0 0 0)

178 715

43,252 1971 114

08/18/2014

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3 4

A 42 C/C

244 S LA FAYETTE PARK PL #303

303 $249,000

1 1.00 (1 0 0 0)

16 795

8,706 1972 110

08/22/2014

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4 12

A 42 C/C

800 W 1ST ST #1404

1404 $315,000

0 1.00 (1 0 0 0)

256 481

106,162 1968 100

09/01/2014

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5 12

A 42 C/C

215 W 7th ST #509

509 $330,000

0 1.00 (1 0 0 0)

139 500

6,488 1911 57

10/14/2014

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6 15

A 42 C/C

421 S LA FAYETTE PARK PL #719

719 $260,000

1 1.00 (1 0 0 0)

178 715

43,252 1971 25

11/15/2014

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7 24

A 42 C/C

420 S SAN PEDRO ST #302

302 $339,000

0 1.00 (1 0 0 0)

161 740

76,377 1922 21

11/19/2014

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8 9

A 42 C/C

4125 S FIGUEROA ST #118

118 $90,000

1 1.00 (1 0 0 0)

75 650

26,403 1927 18

11/22/2014

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9 1

A 23 C/C

360 South Kenmore Avenue #109

109 $185,000

0 1.00 (1 0 0 0)

0 454

15,179 1965 216

04/10/2014

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10 21

A 42 C/C

421 South La Fayette park Place #204

204 $279,000

1 1.00 (1 0 0 0)

0 715

43,252 1971 43

10/28/2014

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11 15

A 42 C/C

222 South Central Avenue #239

239 $329,000

1 1.00 (1 0 0 0)

0 837

87,054 1985 7

12/03/2014

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12 19

A 42 C/C

420 S San Pedro ST #407

407 $279,000

0 1.00 (1 0 0 0)

163 610

76,377 1922 75

11/21/2014

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A 42 C/C

2121 James M Wood BLVD #224

224 $155,000

1 1.00 (1 0 0 0)

94 640

21,307 1923 156

07/07/2014

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TYPE ADDRESS U# LP BR BA #U SF LSZ YB DOM

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MLS

Corey Chambers, Realtor® – LAloftBlog.com 816 S. Broadway, Los Angeles, CA 90014 (213) 880-9910 – corey@laloft.org

Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Copyright © 2014 by TheMLS.com. Information deemed reliable but not guaranteed. Presented by: Corey Chambers CalBRE# 01889449

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Downtown Los Angeles Photo Club – Holiday Night Shoot Tuesday 7:00 PM

Downtown Los Angeles Photo Club – Holiday Night Shoot Tuesday 7:00 PM

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Downtown Los Angeles Photo Club Activity Partners – Holiday Night Shoot – Met Tuesday 12/9 at 7:00 PM at Grand Park fountain (200 N Grand Ave, 90012) to shoot the bright holiday lights and sights of the Center Theater Group, Grand Park, Civic Center and City Hall. The group also shares photos and pizza at Pitfire Artisan Pizza. Email, text or call to register to RSVP for the next shoot, and see recent photos at LAloftBlog.com from the activity partners.

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Corey Chambers, Activity Director
Downtown Los Angeles Photo Club
(213) 880-9910
photos@laloft.org
LAloftBlog.com

Copyright © 2014 This free information provided courtesy Corey Chambers, Realtor, Keller Williams Realty, BRE#01889449 We are not necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 478-0499 or visit DowntownLosAngelesLoft.org Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.
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DaVinci Fire: Downtown LA Apartment Goes Up In Smoke – Building #A is Still On Schedule to Open

DaVinci Fire: Downtown LA Apartment Goes Up In Smoke
Building #A is Still On Schedule to Open On Time

This morning, a major apartment construction project went up in flames right next to the 110 freeway.  The Da Vinci Apartments building number B was to be similar to the other Italian-styled Renaissance collection of traditional apartments, Orsini and Visconti.

The fire disaster may not be much of a loss for the readers of the LA Loft Blog because the wall-to-wall carpeted apartments are decidedly unpopular among the young, hip urban professionals who prefer genuine industrial or historic lofts with concrete or hardwood floors.  Some loft lovers might even feel a bit uplifted by the delay in carpet-infested Downtown apartment construction.  For those who don’t mind carpet, and like Italy-inspired style and rich amenities, Da Vinci building number A is still on schedule to open on schedule.

Fire Video at http://launch.newsinc.com/share.html?trackingGroup=91002&siteSection=latimes_hom_non_sec&videoId=28234849

L.A. Times news article: http://www.latimes.com/local/lanow/la-me-ln-massive-downtown-la-fire-closes-freeways-20141208-story.html

DOWNTOWN LOFT & CONDO:  FOR SALE  |  RENTALS    |  SUBSCRIBE   |  VIDEO

3-hour-tour

3-hour-tour

Three Times as Many Amazing Lofts to Choose From: Downtown Loft Apartment and Condo Rental Tour at LAloftTour.com

For more free assistance finding rentals in Downtown LA, contact:

Corey Chambers, REALTOR®
(213) 478-0499
corey@laloft.org
http://www.LAloftBlog.com

L.A. Loft Blog, 816 S Broadway, Los Angeles, CA 90014

Copyright © 2014 This free information provided courtesy Corey Chambers, Realtor, Realty Source Inc BRE#01889449 We are not necessarily associated with the owner or management. For more information, contact (213) 478-0499 or visit LAloftLease.com.  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer, seller or renter is already under contract with another broker.
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Top 10 Affordable Lofts and Condos Downtown in Los Angeles under $350,000

Top 10 Affordable Lofts and Condos Downtown in Los Angeles under $350,000

little-tokyo-lofts-coupleGenuine lofts, along with traditional condos in Downtown LA have proven to be excellent investments.  Of course, when you talk about affordable, you must include the lower priced condos and houses surrounding Downtown in the neighborhoods of Boyle Heights, Lincoln Heights, Pico Union and South Los Angeles by USC which comprise the first two properties.  The other eight are in Downtown, along with a bonus affordable Financial District condo.

  1. Figueroa Arms Co-op 4125 S FIGUEROA ST #118 At only $90,000, this co-op condo is a bargain and right by USC and Downtown.
  2. Glen Donald Building 2121 James M Wood BLVD #224 In West Lake, this historic building condo is just a few minutes by car to Downtown’s Financial District.
  3. 312 W 5TH ST #824 SB Grand has the lowest priced tiny studio loft unit in the heart of Downtown’s Historic Core, with low HOA dues and parking available in the building.
  4. 420 S San Pedro St #407 Little Tokyo Lofts has the most amenities at lowest price per square foot and includes free guest parking.
  5. 746 S LOS ANGELES ST #101 The Cornell Building in Santee Village includes amenities and a semi-private patio.
  6. 800 W 1ST ST #1404 Bunker Hill Tower luxury highrise condo amenities with a view.
  7. 312 West 5th Street #1109 is 650 sq ft.
  8. 222 South Central Ave #239 Little Tokyo Villa is not a loft, but is the largest condo with a real bedroom in Little Tokyo by the Arts District.
  9. 215 W 7th St #509 Bartlett Building central Historic Core where you can walk everywhere.
  10. 420 S SAN PEDRO ST #302 is the largest genuine loft under $350,000.
  11. 630 W 6th St #306 affordable condo with a parking space in the Financial District.

Get property details and photos of affordable Downtown lofts. Fill out the online form:

Copyright © 2014 This free information provided courtesy Corey Chambers, Realtor, Keller Williams Realty, BRE#01889449 We are not necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 478-0499 or visit DowntownLosAngelesLoft.org Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.
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