Month: June 2016

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Slide Opens in Downtown Los Angeles 633 W 5th St – See New Video

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.

 


 OUE_206_Skyspace_20Level_202_20Lobby_20Interior.0 OUE_209_Skyspace_20Level_2070_20Bar.0 OUE_2010_Skyspace_20Outdoor_20Deck.0A 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.

Find a loft or condo in Downtown Los Angeles with free home search at www.LALoftForSale.com and www.LALoftLease.com

 

 

Copyright © 2016 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not necessarily associated with the home owner’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.

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In Downtown's Arts District, Cash is King as Average Loft Price Approaches $1 Million

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.

Arts District  |  For Sale  |  For Lease

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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.

Arts District  |  For Sale  |  For Lease

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:

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

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Copyright © 2016 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are 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.