The only new-construction, for-sale housing opportunity in Downtown Los Angeles came on the market Jan. 11.
68 adaptive reuse lofts that will add an additional 72,599 square-feet to the existing 242 live/work lofts in the neighboring building that was completed in 2007.
Affordably priced from $400,000, the one- and two-story lofts are housed in a reinvented and restored early 20th-century Furniture factory and warehouse. Preserving the building’s original details including exposed brick, heavy timber beams and columns, wood and concrete floors. One-story lofts range in size from 679 to 2,000+ square-feet while two-story lofts range from 1,134 to 1,300+ square-feet. Construction is nearly finished and set to go on the real estate market.
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Sales began during the grand opening weekend on Saturday, Jan. 11 and Sunday, Jan. 12 where there was seasonal hors d’oeuvres, craft beer and wine, music, valet parking, tours of the property and lenders on-site. These lofts are in the process of procuring its final FNMA approval and loans with as little as five percent down will be available for qualified buyers.
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Existing amenities include a resort-style rooftop deck with pool, spa, private cabanas, sunning lounge, sitting and gathering areas, outdoor fireplace and privacy landscaping that overlooks the city skyline, a fitness center with state-of-the-art equipment, onsite, controlled parking, a formal reception lobby with secured access and 24/7 security.
“What we have been able to achieve by preserving the historic elements and fine craftsmanship of this landmark building—and integrating those virtues with modern comforts and conveniences—offers outstanding and lasting value for prospective homeowners,” said the developers. “We are committed to creating sustainable, well-designed, and thoughtful places to live and work, and this is a project of which we are exceptionally proud. In this second and final phase of this loft project, buyers will experience the inimitable and authentic spirit and character of the building’s vintage past, as well as innovative amenities that exceed any other residential offering in downtown Los Angeles.”
Select residences will include oversized windows, private patios and balconies, two-story open floor plans, spacious closets and ceiling heights up to 18 feet. All lofts have interior details such as quartz kitchen countertops with custom wood cabinetry and Jenn-Air stainless steel appliance packages with gas ranges. Spacious bathrooms include oversized soaking tubs with ceramic tile walls, flooring and vanity lighting.
The lofts also incorporate new technology features like the convenience of Nest programmable thermostats and charging stations with USB ports. In reclaiming, renovating and repurposing this historic building, The developers are preserving elements of character while delivering the environmentally-friendly benefits of removing fewer raw materials from the Earth. These energy-efficient homes will utilize insulated dual pane windows and Energy Star appliances.
Several new amenities for owners are being added in the final phase including a gallery, a dynamic arts and events space curated by the community that features a versatile social space with handcrafted hanging chairs. Other new additions include a welcoming garden-themed outdoor lounge complete with green canopy, water fountain, fireplace, grills and intimate seating areas for dining and conversation. The open-air courtyard with foliage incorporates unique touches such as hammocks and love seats suspended from rafters and decorative lighting to add charm and style.
For More information on the location and to view this brand new loft building contact our team or complete the form below.
Corey Chambers, REALTOR® (213) 478-0499 Mobile
Business Hours: 9 AM to 8 PM every day coreychambers@yahoo.com
The #1 Downtown buyer’s agent, Corey Chambers is a Top 6 Realtor® with a Double Platinum award-winning, 5-star Yelp rated team. J.D. Power Award 2012 – Keller Williams Realty ranked Highest in Overall Satisfaction for Home Buyers and Sellers Among National Full Service Real Estate Firms. DRE#01889449