What’s Wrong with Downtown Lofts

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:

Raw lofts Downtown LA

Raw lofts Downtown LA

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.

River House LA with balconies facing the river LARiverLofts.com

River House LA with balconies facing the river LARiverHouse.com


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.

beacon-lofts-little-tokyo-downtown

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Raw Lofts and Fixers in Downtown L.A.

Raw Lofts and Fixers in Downtown L.A.

About Lofts Downtown Los Angeles

Your Loft Sold GUARANTEED or I'll Buy It* Corey Chambers, REALTOR® (213) 880-9910 corey@laloft.org http://www.LAloftBlog.com *by the end of the listing term at a price acceptable to the seller. Realty Source Inc. BRE#01889449
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