The L.A. Loft Blog has just learned that some off-market properties such as Market Lofts, Beacon Lofts, Santee Village, Bunker Hill Tower, Alta Lofts and Evo are expected to come available soon. Some of the units are already showing to buyers – call (213) 880-9910 to see them beginning Tuesday, July 5. #downtownla #lofts
Some of these buildings represent great deals because the sellers are concerned about various issues such as HOA litigation, developer lawsuits, water damage and other motivating factors that can help buyers get great deals. Most of them are finished lofts and ready to move in, while some may require less touch-up than the average fixer or raw loft.
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With extra high ceilings and great separation of the living and sleeping areas, many loft lovers prefer a condo or apartment unit that has an upstairs area.
Several loft buildings in Downtown Los Angeles have at least a few units with 2 stories such as an upstairs mezzanine bed area. With open lofts, some type of bed area separation is usually desirable, and having a bed area upstairs is often the perfect type of separation for ideal loft living. Along with the convenient separation for added peace and privacy, the ceilings of the main loft area in 2 story lofts are usually very high, often 17 feet high or more, giving more total space and feeling of openness to the downstairs area of the loft.
The L.A. Loft Blog is proud to provide the most powerful tools and services for real estate in Downtown Los Angeles. We are all up against many others worldwide who have various competitive advantages that they use to claim their piece of DTLA. In such a booming and competitive market, getting an edge is a necessity to reach our residential dreams and financial goals. Here are the top four tools for renters, buyers, sellers, agents and businesses:
L.A. Loft 3-Hour Tour –Get 3 weeks worth of rental searching done in 3 hours when you see all of the Downtown unlisted lofts, condos and unadvertised apartment bargains for lease that match your criteria. DETAILS | BUY
Pocket Listings – Beat out other buyers to the best deals by accessing off-market, unlisted and unadvertised real estate bargains for sale. DETAILS | BUY
Guaranteed Home Sale – Your Home Sold Guaranteed or I’ll Buy It* – No Gimmicks! For information on the Corey Chambers exclusive Guaranteed Sale Program, order a Free Report by visiting www.GuaranteedSaleSoCal.com
Leads – Hundreds of prospective Downtowners are looking for a home in DTLA every day. DETAILS | BUY
The latest Downtown real estate news is about the exciting, new L.A. urban center attraction in the Financial Center. A highrise slide has opened among other renovations at Downtown’s 72-story US Bank Building, currently still the tallest building west of the Mississippi. The physical address is 633 W 5th St, Los Angeles, Suite 840, CA 90071. Check out the new video.
A skyscraper observation deck, California’s highest, is another attraction that has arrived at the US Bank Building. OUE Skyspace LA now sits 1,000 feet above the city. The space is also available for events such as weddings.
The breathtaking improvements and tourist attractions were recently completed, and opened for the first lucky guests on June 25. The slide is made of a 1-1/4 inch glass to allow a scary 360 degree all-around view while guests slide 1,000 feet above ground from the 70th floor to the 69th floor on the outside of the building.
Part of the $50 million in renovations, a new restaurant is also in the works. The rest of the space in the building, including the seventy-second story, will continue to be office space. A 126 foot giant video screen is now visible from the lobby to the street.
Now that is has opened, the Skyspace admission is $25 per person, and is now open daily from 9:00 AM to midnight. Tickets are available at http://www.skyspace-la.com.
The building will soon be surpassed by The Wilshire Grand when construction completes in 2017. It will be 73 stories tall and have its own sky-high observation deck and restaurant, plus an infinity pool.
Twenty years ago, it was all but abandoned. Only a small band of die-hard artists embraced the area. Now, the Downtown district is on top of the world. According to MLS statistics, the average Arts District loft Recently Sold Price has now surpassed $945,000.
Because some of the recently sold comparable loft units in the area were comparatively dark and unattractive, the buyers of today’s brighter, prettier active listings in the creative neighborhood might pay as much as $100,000 above the comps. Because of the big difference in price between the comparable recently sold lofts and the lofts currently for sale, those who need to finance may risk losing out to cash buyers because because lenders are not usually willing to fully fund new loans that are $100,000 above the selling price of recently sold comparable properties in the same building or right across the street. Cash buyers don’t have that problem because they don’t need an appraisal, and are often willing waive the appraisal contingency, saving the seller from worrying about an appraiser nixing the deal.
Home prices are a growing issue. Knowing what urban real estate recently sold is critical for both buyer and seller to know what to expect as a selling price, and also giving a clue as to what kind of terms might be acceptable. Take a look at the list of recently sold Arts District lofts PDF at arts-district-recently-sold.
The real estate news this week shows that buyers are getting tired of seeing hundreds of lofts that may or may not match what they are looking for, and risking missing out on just the right loft. How many great deals on amazing Arts District lofts are we missing? Get a free list of unlisted lofts, off-market condos and unadvertised apartment bargains in DTLA. Fill out the online form:
OPEN HOUSE SATURDAY — Here is today’s open house schedule for Downtown Los Angeles lofts and condos, starting with the largest condo units. The chic, urban excitement of Downtown L.A. lofts combined with the serenity and luxury of the Bunker Hill Tower high-rise. There is only one Bunker Hill Loft with supreme Downtown panoramic views and just steps to world-class dining, entertainment and Metro station. Come to the open house today 11:00 AM to 1:00 PM to see the best 2 bedroom, 3 bathroom condominium unit in Los Angeles.
800 W 1st Street #2305 Open House Saturday 6/25/16 at 11:00 AM to 1:00
PM. For assistance, call Corey Chambers (213) 880-9910.
Openhouse: Yes Openhouse Type: New Openhouse Date: 6/25/2016 to 6/26/2016 Status: Active Areas: (23) Metropolitan — (42) Downtown L PROPERTY DETAILS
While more loft lovers demand a fitness center gym over a pool, there is nothing more refreshing and enjoyable during a summer heat wave than being in the comfortable water of a nice swimming pool. #dtla #pool
Here is a list of the condo buildings and lofts for sale and for lease with pools in DTLA:
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 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 Factory Place Lofts – 1308 Factory Place, 90013
Great Republic Lofts – 756 S Spring St, 90014 L.A. Loft Tour – (213) 478-0499 http://www.LAloftTour.com LEVEL DTLA – 888 Olive St, 90015 http://www.LEVELDTLA.com
Long Beach Avenue Lofts – 1250 Long Beach Ave, 90021 Medici – 725 S Bixel St, 90017 Mercantile Lofts – 620 S Main St, 90013
Met Lofts – 1050 S Flower St, 90015
Metropolitan – 315 West 5th Street, 90013
Mozaic at Union Station – 888 N Alameda St, 90012
Museum Tower – 225 S Olive 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
Pegasus – 612 S Flower St, 90017
Peterson and Tansey Lofts – 1250 Long Beach Ave, 90021
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
Downtown L.A. never lets us down. Every resident in DTLA has free daytime access to swimming thanks to the pool and bar of The Rooftop at The Standard Hotel open to the public for plenty of urban fun, drinks and wetness.
Real Estate News
The Mills Act can give a tremendous tax savings to owners of properties in the approved converted historic loft condominium buildings of Downtown Los Angeles and throughout the state of California.
The tax law encourages the owners and developers of historic buildings to maintain the historic exterior appearance such as original facade and big window frames by giving up to about 2/3 off of annual property taxes. Here’s today’s list of Mills Act approved loft buildings Downtown Los Angeles by address:
LATen50.com — Trumark Urban recently announced a quick sell-out of the first phase of residences at TEN50. The second phase will start in the $600,000s.
More than a third of the residences at TEN50 have been taken off the market by eager home buyers in less than two months since sales opened to the public. The luxury 25-story high-rise under development in downtown Los Angeles’ South Park neighborhood
The investment in DTLA’s renaissance is not one Trumark Urban has taken alone – news from significant retailers including Whole Foods Market, which recently opened just three blocks from TEN50, on the corner of 8th Street and S. Grand Ave, and Apple’s purchase of the historic Tower Theatre for a new flagship store has cemented the community at the core of development in Southern California. North of TEN50, The Broad Museum has spurred a new wave of artistic ingenuity and welcomes thousands of visitors each week. Once recognized as purely a concentration of careers in finance and fashion, nearly half a million people work every day in downtown Los Angeles.
“Working and living in downtown Los Angeles, I can’t wait to move into TEN50, and truly have a place of my own to call home, right around the block from my own business,” said Eva Shen, a first-time home buyer and owner of local coffee emporium, Impresso Cafe. “The building is at the center of exactly where I want to be– surrounded by hip hotels, new restaurants and just a few blocks from LA Live and the Staples Center.”
Slated for completion in late 2016, TEN50’s exterior is nearly complete and work on the interiors is well underway. TEN50 will feature an approximately 13,000-square-foot indoor/outdoor amenity deck, including “The Fifty”, a private residential lounge that flows seamlessly from the resort-style pool to the therapeutic yoga garden with sweeping city views, as well as the country’s first air-delivery-ready drone landing pad.
To help beat out other buyers to the best deals by putting the buyer’s interests above the seller’s interests, Downtown home shoppers can get free home buyer protection that includes priority access, proprietary information, free home warranty, $10,000 Savings Guarantee and a Love Your Home Guarantee at no cost to the buyer. Call Downtown new home specialist Corey Chambers at (213) 880-9910 or visit www.LoveYourHomeGuarantee.com.
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