All Downtown loft buildings have issues that prospective buyers want to be aware of. Think DTLA lofts are cool? They are, but they’re all far from perfect. Many have serious problems such as lawsuits and financing problems. Here’s just a few of the issues that buyers should know about:
1100 Wilshire – Chase Bank wear. Lawsuits reduced maintenance. Dwindling reserves.
655 Hope – Claustrophobia. Windows don’t open. No guest parking.
Alta Lofts – Notice of claim. HOA to sue developer – construction defects. Theft.
Barker Block – Lawsuit. HOA suing developer for construction defects.
Bartlett Building – No parking space included.
Barn Lofts – Free street parking is going away.
Beacon Lofts – Nobody knows what it is. No staff.
Biscuit Company – No metro nearby. Getting hard for guests to park.
Bunker Hill Tower – High HOA dues. No washer-dryers in most units.
Concerto Lofts – Lawsuit. HOA suing developer – construction defects.
Cornell Building – Most parking spaces are a block away in skid row.
Douglas Building – Most units have no parking. No guest parking.
Eastern Columbia – High HOA does. Views being blocked.
Eckardt Building – Most parking spaces are a block away in skid row.
El Dorado Lofts – No amenities. Nobody knows what it is.
Elleven Lofts – No fitness center. Shares pool and courtyard with Luma.
Evo – Lawsuit. HOA suing developer for construction defects.
Flower Street Lofts – No views and losing views. HOA dues rising.
Glen Donald Building – Not in Downtown.
Gallery Lofts – Construction next door. Mostly no views.
Grand Avenue Lofts – No character. No amenities.
Higgins Building – High HOA. Coming assessment. No parking. No amenities.
Library Court – No character. Most have no views.
Little Tokyo Lofts – Homeless shelters. Mental clinic. Lawsuit. Water leak.
Luma – Losing views. Glut. Expensive.
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Market Lofts – No character. Unfriendly security.
Metropolis Los Angeles – Not built yet. Expensive. China company.
Molino Lofts – Terrace problems. Some units not updated.
Mura Condominiums – Not a loft. Oppressive rules.
Ocenwide Plaza – Not built yet. Stuck in big event traffic.
Ostrich Farm Lofts – Far away. Out in the tulies.
Pan American Building – Nothing for sale. Nobody has heard of it.
Promenade Condominiums – The 80s called. They want it back.
Promenade West – Expensive. High HOA dues.
Puerta Del Sol – Disrepair. Nothing to walk to. Freeway. Black lung disease?
Ritz Carlton Residences – Expensive HOA. Mandatory valet parking.
River House – Freeway noise. Boxy architecture. Delays. Prowling coyotes. Gnats.
Rowan Lofts – High HOA dues. Most have no views.
Santee Village – Most parking spaces are a block away in skid row.
Savoy Condominiums – Not s loft. No character. Some have no views.
SB Grand – Loiterers, renters galore. HOA financials incomplete. Many issues.
Skyline Condominiums – 1980 wants its condos back.
Sky Lofts – No pool. High HOA dues.
SL70 – Not in Downtown. No pool.
Ten50 – Not completed yet. Cramped floorpans. No microwave.
Teramachi Homes Senior Condos – Gotta be a senior age 55+.
Textile Building – Nothing really available. Can’t lease it out.
Title Guarantee – Canceled.
Tokyo Villa Condominiums – 1979 wants its condo back. Weird koi pond courtyard.
Toy Factory – No metro nearby. Slowly losing its street parking. No guest parking.
Toy Warehouse – Noisy floors and thin ceilings.
Vero – Not in Downtown. No character. Most have no views. Thin walls.
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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 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.
Based on information from the Association of REALTORS®/Multiple Listing as of [date the AOR/MLS data was obtained] and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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