Downtown LA Real Estate News – Home Values NOT in Bubble Range

Market Report: Los Angeles Home Prices Have Room to Grow

Real Estate publication Keeping Current Matters, Zillow-sponsored Pulsenomics real estate industry panel and NAR the National Association of Realtors have concurred with each other to dispute some industry pundits who claim that residential home values have risen too quickly and that current levels are on the verge of another housing bubble.

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Panelists surveyed by Zillow said they expected home values to end 2016 up 4.5 percent year-over-year, on average, and for the median U.S. home value to exceed its pre-recession peak by November 2017. A majority of panelists with an opinion said markets in the middle of the country were likely to regain popularity compared to coastal markets in coming years as cost-conscious employers start creating more jobs in Middle America.
A marked shift in fortunes between coastal America and Middle America since the housing recovery began – rapid growth in the former, stagnation in the latter – is likely to eventually reverse as cost-conscious companies look for cheaper places to grow, according to a panel of more than 100 experts.

The Q3 Zillow Home Price Expectations Survey, sponsored by Zillow and administered by Pulsenomics LLC, asked a panel of 113 economic and real estate experts nationwide to offer their expectations for home value growth through 2020. The survey also asked the experts to share their views and expectations on changing dynamics in the middle of the country versus the coasts and in urban versus suburban communities.

The L.A. Loft Blog would change the word “Definitely” to the word “Probably” to give a more accurate depiction of statistical likelihood. Market cycles are never definite; just ask former Fed Chairs Alan Greenspan and Ben Bernanke.  The L.A. Loft Blog agrees that there will likely be no major downturn in home prices over the next several years because we have not experienced extended record high prices recently like we had preceding the great depression and great recession. In fact, we have more of a Japanese and European style of prolonged artificially low interest rates. That is more likely to cause overall economic stagnation, which does not require a dramatic drop in real estate prices. Additionally, Downtown Los Angeles outperformed the rest of the country for many years because of DTLA’s unique, dramatic renewal and transformation from blight to luxury. In the current market, it’s all about finding the best deal.

The good news is that it is easy and free to get access to special deals such as pocket listings and other unlisted bargains for sale. Get Downtown LA Pocket Listings Information in your email. Fill out the online form:

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Copyright © 2016 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association, seller or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.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 or seller is already under contract with another broker.

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Downtown LA Lofts, Condos and Apartments For Lease – Top 10 in Amenities #dtla

Top 10 Best Rentals in Downtown Los Angeles for Amenities #apartments

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Living in a big city can be stressful, so Downtown residents want to live comfortably in a place where they can relax and maintain mental and physical well being while reducing stress. Full amenities can help achieve these goals by providing feeling of safety from 24-hour security, safe parking space with covered, gated parking, helpful hand from a front desk concierge, exercise and relaxation from a pool and hot stub spa, along with the social gathering and work efficiencies of a recreation and meeting room.

The following list includes the rental lofts, condo rental and apartment buildings with the greatest amenities:

1100 Wilshire – 1100 Wilshire Blvd, 90017     1100Lofts.com
Barker Block – 510 S Hewitt St & 530 S Hewitt St, 90013    BarkerBlockLA.com
Biscuit Company – 1850 Industrial St, 90021    BiscuitLoft.com
Bunker Hill Tower – 800 W 1st St, 90012    BunkerHillTowerLA.com
Concerto Lofts – 901 Flower St, 90015    ConcertoLoft.com
Cornell Building – 746 S Los Angeles St, 90014    CornellBuilding.com
Eastern Columbia – 849 S Broadway, 90014    EasternColumbiaLoft.com
Eckardt Building – 738 S Los Angeles St, 90014    EckardtLoft.com
Elleven Lofts – 1111 S Grand Ave, 90015     EllevenLoft.com
Evo – 1155 S Grand Ave, 90015     EvoLoftsLA.com
Little Tokyo Lofts – 420 S San Pedro St, 90013     LittleTokyoLoftsLosAngeles.com
Luma – 1100 S Hope St, 90015     LumaLoft.com
Market Lofts – 645 W 9th St, 90015     MarketLoftLA.com
Metropolis Los Angeles – 8th Street and Francisco    LosAngelesMetropolis.com
Molino Lofts – 500 Molino & 530 Molino St,  90013    MolinoLoft.com
Mura Condominiums – 629 Traction Ave, 90013     MuraLosAngeles.com
Ocenwide Plaza – 1100 S Figueroa St, 90015     OceanwideDTLA.com

Promenade Condominiums – 121 S Hope St, 90012    CondoPromenade.com
Promenade West – 880 W. 1st St, 90012     PromenadeW.com
Ritz Carlton Residences – 710 W Olympic Blvd, 90015   RitzyLofts.com
Rowan Lofts – 460 S. Spring St, 90013       RowanLoft.com
Santee Village – (See Eckardt, Cornell and Textile)
Savoy Condominiums – 100 S Alameda, 90012    SavoyLosAngeles.com
SB Grand (Shybary Grand or Shy Barry Grand) – 312 W. 5th St, 90013   SBGrand.com
Skyline Condominiums – 600 W 9th St, 90015    SkylineCondoLA.com
TEN50 – 
1050 South Grand Ave, 90015    LATen50.com
Teramachi Homes Senior Condos – 267 S. San Pedro St, 90012   TeramachiHome.com
Textile Building – 315 E 8th St, 90014    TextileLoftLA.com
Toy Factory – 1855 Industrial St, 90015    ToyFactoryLoft.net

Vero – 1234 Wilshire, Los Angeles CA    VeroLoft.com

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RENTAL LOFTS AND APARTMENTS  (213) 478-0499  LAloftTour.com
717 Olympic
– 717 W Olympic Blvd, 90015
8th and Hope – 801 S. Hope St, 90017
Apex – 900 S Figueroa St, 90015
Avant South Park – 1360 S. Figueroa St, 90015  AVANTdowntown.com
Artisan on 2nd – 601 E 2nd St, 90012
Brockman Lofts – 530 W 7th St, 90014
Canvas L.A. – 138 N Beaudry Ave, 90012
Eighth and Grand – Grand Ave, 90017
Emerson – 225 S Grand Ave, 90012
Garey Building – 905 E 2nd St, 90012     GareyBuilding.com
Gas Company Lofts – 810 S Flower St, 90017
L.A. Loft Tour – (213) 478-0499  http://www.LAloftTour.com
LEVEL DTLA – 888 Olive St, 90015  http://www.LEVELDTLA.com
Medici – 725 S Bixel St, 90017
Mercantile Lofts – 620 S Main St, 90013
Metropolitan – 315 West 5th Street, 90013
Mozaic at Union Station – 888 N Alameda St, 90012
One Santa Fe – 1 Santa Fe, Los Angeles, CA 90012
Orsini Apartments – 550 N Figueroa St, 90012
Pacific Electric Lofts – 610 S Main St, 90014
Packard Lofts – 1000 S Hope St, 90015
Pegasus – 612 S Flower St, 90017
Piero – 312 E 12th St, 90015
Promenade Tower – 123 S Figueroa St, 90012
Roosevelt Lofts – 727 W. 7th St, 90017
Santee Court – 716 S Los Angeles St, 90014
SB Grand – 312 W. 5th St, 90013
Visconti – 1221 W 3rd St, 90017
Watermarke Tower – 705 W 9th St, 90015

Get new listings in your email for all Downtown buildings automatically. Fill out the online form:

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To see any of the above buildings, contact:

Corey Chambers, REALTOR®
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corey@laloft.org
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L.A. Loft Blog, 200 N. San Fernando Rd., #119, Los Angeles, CA 90031
Corey Chambers is a Realtor®, and member of the Top 6 award-winning, 5-Star Yelp rated team. Realty Source Inc DRE#01889449

Copyright L.A. Loft Blog.  This free information provided courtesy Corey Chambers, Realtor, Realty Source Inc, BRE#01889449 We are not necessarily associated with the homeowners association, seller or developer. For more information, contact (213) 880-9910 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 of if buyer or seller is already under contract with another broker.

 

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Downtown Los Angeles Lofts For Sale: What Not to Say at an Open House #openhouse #dtla

Who Represents Whom at an Open House

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The Washington Post reported that saying too much to a real estate agent at an open house can get you into trouble.  The state of Maryland has passed a new law that requires listing agents to give a written disclosure at an open house by handing out a form entitled “Understanding Whom Agents Represent.” The form lets open house visitors know that every word they say to the listing agent may be used to benefit the seller should the buyer decide to purchase the home.

Most importantly, prospective home buyers do not want to reveal their strategies to the listing agent (the seller’s agent) who is running the open house. Most buyers use their own buyer’s agent rather than buying through the listing agent because the listing agent already  has an existing relationship with the seller and is obligated to immediately provide any information that could help the seller gain advantages.  The listing agent cannot ever place the buyer’s interested above the seller’s interests, but a buyer’s agent can place the buyer’s interests above the seller’s interested, possibly outmaneuver and outsmart the seller.

To help the buyer get the best deal, the buyer does not want to tell the listing agent how much they can spend, or even how much they love the home above all other homes they’ve seen. The buyer can help keep the price down by keeping a low profile initially while, and if placing an offer, making sure that the buyer’s agent get’s the buyer’s offer noticed and attended to.

Get information on upcoming open house by email. Fill out the online form:

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Copyright © 2016 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association, seller or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.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 or seller is already under contract with another broker.

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Johnny Depp Lists Home For Sale in Downtown LA Eastern Columbia Building #Depp #Lofts

Johnny Depp Lists a Five-Penthouse Home in Los Angeles  

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The Wall Street Journal recently reported that the ‘Pirates of the Caribbean’ actor used the units atop Los Angeles’s Eastern Columbia Building as an unusual home base. Rich homeowners sometimes combine several units to make a very big home. Actor Johnny Depp took another approach after he purchased 5 neighboring penthouses in the Eastern Columbia building in the Historic Core of Downtown LA.  Depp kept them mostly separate, sometimes living in them “like rooms in a home,” according to Depp’s real estate agent Kevin Dees of Partners Trust. Now Depp is selling the luxury condos.

John Depp originally purchased the units separately over time from the developer for a total of more than $7 million. He added doorways connecting several of the units, which he used as an occasional living and entertaining space, while the other two were used as an art studio and a visitor quarters.

On the top floor of the 1930 art deco lofts with the famous landmark clock tower, the loft has a private terrace. The total size of the units is about 11,500 square feet.  Currently, one of the units is actively listed: a nice 2,000 sq ft for $3 million. See the official active real estate property listing and pick yourself up an historic and famous art deco luxury loft.

http://www.laloftblog.idxco.com/idx/11753/details.php?idxID=240&listingID=16162776

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Copyright © 2016 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.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 or seller is already under contract with another broker.

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Downtown LA Real Estate Market Update – Alta Lofts Home Prices and Loft Condos For Sale #dtla #realestate

What’s Happening with Downtown LA Home Prices?

Here’s a link to a Competitive Market Analysis to get a closer look at the recent market for Alta lofts http://cloudcma.com/pdf/b309fb61d5eceb2f81f65236a5d31ae4

Thinking about making a move? Get a free report called “How to Get the Price You Want” at http://www.coreychambers.com/coaching_setprice

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Your Home Sold GUARANTEED or I’ll Buy It*
Corey Chambers
Toll Free 1-800-791-4538
(213) 880-9910 Los Angeles
(323) 352-3838 Hollywood
(714) 455-6777 Orange County
(562) 980-6013 Long Beach
(626) 956-1356 Pasadena
(310) 984-6924 South Bay
(760) 645-6888 Palm Springs

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http://www.CoreyChambers.com
@coreychambers

P.S. Your Referrals Help The Kids! $125 donation goes to help the extraordinary kids in need at Children’s Hospital Los Angeles on every home we sell this year. Help us help Children’s. Who do you know considering making a move that would benefit from the services we provide? Call me at 213-880-9910 with their contact info, or have them contact me. You can also visit http://www.ReferralsHelpKids.com. Thank you in advance!

*Seller and Corey must agree on the price and time of possession.. Realty Source Incorporated BRE#0188944 Beverly Hills Greater Los Angeles Area Association of Realtors

Downtown LA Home Values Market Update Santee Village Lofts For Sale

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Downtown LA Residents Love Creative Places and Things #dtla #hitrecord

New Creative Collaboration Website Hitrecord.com Attracts Urbanites

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Downtowners are very innovative people. They are the leading edge of cool.  The Arts District in Downtown LA is arguably the most creative neighborhood on earth. To build and share this energy with the world, Joseph Gordon-Levitt created a website that attracts lots of social artists and business creative types to collaborate together on exciting new projects using shared photos, videos, text and files culminating in a media production company that shares and compensates the artists.  The site has already paid out millions of dollars to the collaborators. The L.A. Loft Blog’s author Corey Chambers and many other Downtowners are getting in on the fun artistic teamwork.  Check them out at https://hitrecord.org/explore?sort=rank&search=dtla&tagArray=%5B%5D and https://hitrecord.org/users/coreychambers

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Copyright © 2016 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.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 or seller is already under contract with another broker.

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Downtown Los Angeles Market Lofts Condo For Lease #dtla #forlease

Market Lofts Condominium Downtown LA 645 W 9th St #622 90015

Several applications are in the works, so this Market Loft for lease will probably go fast:

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NEW LISTING – GOING FAST!  Awesome Market Lofts condo for lease with balcony, walk-in closet, modern kitchen, granite counters, stainless appliances, wood floor, Bosch washer/dryer in unit, pet friendly. Pool, hot tub spa, gym, community rec room, video screening theater, barbecue and 24-hr security front desk concierge. Atop Ralphs Market in the Financial District / South Park by the Historic Core and Restaurant Row, walk to Coffee Bean, UPS Store, fun bars and clubs, restaurants, galleries, Staples Center, Nokia Theater, Convention Center, LA Live, Ace Hotel, Macys Plaza, FIDM, Metro. Market Lofts is among the most sought-after residences in DTLA. This is one of the nicest. See it right away. Call Corey Chambers (213) 880-9910. Details and pictures http://loftla.vflyer.com/home/flyer/home/315494002  |  VIDEO

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Copyright © 2016 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.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 or seller is already under contract with another broker.

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REAL ESTATE NEWS FLASH – Downtown Lofts and Condos in a Normal Market #realestate #dtla

We will never hear this promo for the evening news:  “Los Angeles real estate is normal — News at 11.”  It might sound boring at first, but for those who are considering the purchase, sale or lease of a Downtown loft or condo, understanding the economics is definitely of interest, particularly for those who really value their dollars.  NEW HOMES

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First of all, most people have a hard time believing or understanding that the real estate market in Downtown LA is normal.  What is normal?  Well, in a sense, DTLA real estate cannot be called normal because it has a more rapid pace of growth and change than other real estate markets.  Downtown has really exploded in population, infrastructure and home values over the past 15 years. But aside from that, recent prices in Downtown have risen at a relatively calm yet still brisk annual rate of 6% for condos, with rental prices increasing at about 7%.  This has caused most developers to focus on building apartments for lease instead of condos for sale.  Only three condo projects are currently under construction in Downtown, while more than a dozen rental apartment projects are under way. That means that renters are expected to make lots of long-term profit for apartment developers, at the cost of neglecting the renter’s own real estate portfolio. Because real estate is the largest investment that most people make, long-term renters risk neglecting their retirement potential. #news

In a normal market, successful real estate investors focus on the fundamentals:  Interest rates are near historic lows, which is good for buyers and sellers because it means that buyers can pay a higher purchase price for a property and sellers can get more for the sale of their homes. In a normal market, it is financially desirable for most to buy rather than rent.  Currently, there are an unusually large percentage of renters in Downtown because many still strongly remember the crash in home prices in 2009. Those who might prefer to own, yet decide to put off a home purchase, will likely find that themselves locked out of the market for more than 15 years to come as they watch Downtown continue to soar beyond normal expectations.

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Copyright © 2016 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association, seller or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.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 or seller is already under contract with another broker.

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Downtown LA New Homes Update – Construction of Metropolis, Ten50 and Oceanwide Plaza

Adding much-needed inventory of homes for sale to Downtown’s booming real estate market, new construction is preferred by more than 50% of home buyers, who find that the sparkling units offer a great value on new architectural style with the latest amenities. #newhomes #dtla

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metropolis-los-angeles-160712-mkMetropolis
 – The first phase of the super luxury high-rise condo building is sold out and construction nearly completed. The 2nd phase is selling briskly. The sales office models are available, and the in-building models should be available soon. Metropolis is changing the skyline of Downtown Los Angeles, and provides awesome views. The first phase is nearly complete and sold out.  The 2nd phase units are now selling.  Call to request an early viewing of the in-building models.  DETAILS

new-homes-ten50-160918-mk84Ten50 – Construction is more than half complete, at the new boutique luxury condo building in South Park Downtown, and models are now available for viewing. The in-building models are now available for viewing.  In the prime location for new condominiums in DTLA, Ten50 offers modern stylish new units with balconies, views and superb amenities. It even has an drone delivery heliport.  DETAILS

oceanwide-plaza-updateOceanwide Plaza – The mixed use condo building, hotel, shopping and entertainment center concrete pouring is complete and building construction has begun. This massive building will serve to expand and house the huge crowds drawn to the neighboring LA LIVE,  Staples Center and Convention Center.   DETAILS

46new-homes-river-house-160703-mkRiver House – 2-story condos on the Los Angeles River are now selling, with the water-facing units going fast. River House is attractive to pioneering Angelinos who want to be the first to live on the revitalizing LA River, and who would like to witness first hand its turn-around with the natural renovation of the river.  DETAILS

>> MORE

Get Downtown LA and Los Angeles River area new homes information free as soon as it comes out. Fill out the online form.

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Copyright © 2016 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association, seller or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.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 or seller is already under contract with another broker.

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About the Author: Corey Chambers #laloftblog #coreychambers

Corey is the founder and chief writer of the L.A. Loft Blog. He spends just about 30 minutes a day writing about Downtown lofts and condos for sale and for lease, and he spends about 12 hours a day helping home buyers, sellers, renters and landlords to get the most real estate bang for their buck. #coreychambers #laloftblog #coreychambers

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The L.A. Loft Blog covers Downtown lofts for sale and for lease, and reveals pocket listings, unlisted, and off-market properties. The blog gives strategies and real-world actionable tactics for savings thousands of dollars when buying a home, and selling homes for the most money, in the least time and with the least hassle.

One of the Top 200 Agents in North America, and Top 1% of Agents in Los Angeles, Corey is also an entrepreneur and real estate investor. He assists home buyers to find the most amazing luxury Downtown lofts as much as $1 million or more, and he also helps small investors to find the most positive cash flows with nationwide turn-key rental income investments with renters and management in place for as little as $33,000. Best of all, each home sale helps children in need by providing substantial donations to Children’s Hospital Los Angeles Helping Hands Fund to aid children with life-threatening diseases such as leukemia and non-hodgkins lymphoma to recover up to 3 times faster, at no cost to the child’s family.

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Honesty, integrity and transparency are paramount in helping home buyers, sellers and renters to overcome the many challenges of Downtown real estate. Because buying or selling a home is a process and not an event, most buyers, sellers and renters are not ready to make a move for several months until they can prepare their lives and finances, and then find the right home to move to.

A veteran of the U.S. Air Force Space Command, Corey has been instrumental in the growth of Downtown Los Angeles real estate for more than 15 years. He brings more than 25 years of successful sales and marketing experience, and has helped thousands in their Downtown real estate searches.

LATEST RESULTS:

When Darren and Jamie Bennett recently needed the right place in Downtown Los Angeles for their family, Corey got them into a hard-to-find 2-bedroom corner unit at Market Lofts, an awesome loft in very cool location with all of the amenities and within their budget.

corey-chambers-kw-af-sqAfter a seller of a million dollar plus condo at Bunker Hill Tower attracted zero people to even look at the property, Corey recently took over and brought in dozens of prospective home buyers to see it, showed it to more than 1,085 LIVE viewers during an online open house webcast, and then got the seller an offer on the condo in record time.

Corey can help your finances grow via his nationwide turn-key rental income properties from $33,000. Call (213) 880-9910 to request a free list of homes.

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Here’s an amazing loft for lease in Downtown Los Angeles between the Financial District, South Park and Historic Core:

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Copyright © 2016 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association, seller or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Client names have been changed to protect privacy. 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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