Something’s Broken at SB Grand

SEE THE NEW UPDATE ON SB GRAND AT
https://www.laloftblog.com/2017/09/15/sb-grand/

All Downtown Los Angeles loft buildings have issues, but one stands out as possibly the most troubled loft project ever in DTLA. The ShyBary Grand has some advantages: genuine historic lofts at good prices, but the worst thing may be the way it makes one feel.

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The Homeowner’s Association does not provide all of the financial documentations that one might expect. Several homeowners have not paid HOA dues in a long, long time. We don’t know what kind of reserves the HOA has or does not have.

buyer-mistakes-la-cp-ad-rsiBecause more than 50% of residents are renters, most lenders will not finance units at SB Grand. When the developer sold the condos, they only sold about 70% of them to real home buyers, and held out around 30% for the developer and other commercial interests to rent out. Weird  — it’s the only condo building that has a leasing office.  The units rent cheap, and take a long time to rent out.  The result is that SB Grand is a condominium that is all but devoid of ownership pride.  In fact, the building’s true personality comes out every Spring Break as the pool gets fun and frolicky.

Hectic with a capital HECK!  While SB Grand is not in Skid Row, it might as well be, as Skid Row comes to the building nearly all day long every day because the neighboring Metro station is the closest station to Skid Row. Around the SB Grand, the homeless are the least of the problem; the main problem is the almost homeless. That’s where the hectic, frantic situations occur outside. Like a pimp and ho version of General Hospital –  How about General Rehab?

Loiterers stand around in front and nearby almost constantly. Many of them are yelling, sometimes obscenities, sometimes threats, sometimes drop to the ground from drug overdoses, sometimes get rescued by paramedics, and sometimes get a gun in the face compliments of undercover Metro police.

Inside the building is a different type of turmoil. The renters sometimes have people over, questionable dealings, sometimes arguments occur in the common areas.  The renters sometimes litter in the building and throw cigarettes down onto neighboring balconies below.

Oh, and parking is not included, but the HOA dues are low.

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Corey Chambers, Realty Source Inc, BRE#01889449

Art House Lofts Downtown Los Angeles Arts District

1200 S Santa Fe Avenue, Los Angeles, CA 90021

Art House Lofts

ART HOUSE FOR SALE  |  ART HOUSE FOR LEASE  |  UNLISTED FOR LEASE

The L.A. Loft Blog presents Live-work lofts in the Arts District of Downtown L.A.

A 1909 gem, Art House is a brick 53-unit, four story, live/work factory building that encompasses creative and industrial architecture. The local community consists of artists, freelancers, writers, enthusiasts, and visionaries. This century old building is located in the South Arts District of Downtown and is walking distance to Stumptown Coffee, Bread Lounge, Bestia, American Tea Room, and so to be SOHO House. The newly renovated units are true lofts complete with top of the line appliances and finishes mending the old with the new. #arthouse #lofts

Loft apartment residents laud the overall value, affordable parking, beautiful loft units with brand new stainless steel appliances and walk-in showers in the bathroom.  Renters shop around many buildings in the downtown area and have reported that no building even compared to the units at Art House. The elevator is large, making for an easier move-in.  We’ve been told that a dog run is in the works. With the North part of the Arts District getting expensive and overcrowded, Art House has a reputation for better balance between privacy and convenience.

Features and Amenities:
– Unique Floor Plans
– Brick Walls
– 12 to 14 ft Ceilings
– Large Bathrooms with Walk-in Showers
– Stainless Steel Appliances: Refrigerator, Electric stove/Oven, Microwave, Dishwasher+
– Custom Oak Wood Floors
– Polished concrete floors*
– Gym
– Laundry Room
– Gated Parking
*First floor units have polished concrete floors
+On available floor plan

ART HOUSE FOR SALE  |  ART HOUSE FOR LEASE  |  UNLISTED FOR LEASE

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Your Home Sold GUARANTEED or I’ll Buy It*

Corey Chambers
(213) 880-9910
coreychambers@yahoo.com
http://www.laloftblog.com/

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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.

*seller and Corey must agree on price and time of possession – details and conditions visit coreychambers.com