The United States of Renters – Millennials Paying Rent #1 Retirement Plan for Boomers

The foreclosure crisis transformed America into a market of renters and rent collectors. The share of single family homes used as rental properties has surged to a 30-year high. Only 65 percent of homes purchased in 2015 are owner-occupied. A recent report by Bloomberg shows how it is easier to be a landlord now than it has ever been in the history of the U.S.

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The share of U.S. households that rent is at its highest level since 1965. Downtowners can take full advantage of the situation by renting a nice loft in the most exciting neighborhood on Earth, while at the same time buying a positive cash flow rental income investment property for as little as $33,000 that already has a property manager and tenants.

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And they’re renting some nice lofts in Downtown LA:

INVEST   |   RENT

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Several amazing deals on rental income properties for sale under $50,000 with positive cash flows are available that have already been refurbished, property managers hired, and renter tenants already been in place.  Get a free list of these positive cash-flow investment properties.  MORE  |  REQUEST

little-tokyo-lofts-coupleTens of thousands are flocking to Downtown LA because it provides the most efficient lifestyle with the coolest lofts for sale and for lease with open space, big windows, lots of natural light, and walkable to coffee, restaurants, shopping, entertainment and transportation.

The best apartments, lofts and condos for lease in Downtown LA are often not listed on the internet.  Get VIP access to these unadvertised bargains. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [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 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.

Beacon Lofts vs Savoy Condominiums – Very Different Places in the Arts District

A Tale of Two Condos – Contrasting Traditional and Industrial Home Styles

Recently, some clients were discussing and comparing two nearby buildings in the Arts District, both along Alameda Street by the most popular part of Little Tokyo.  These are two different types of condominiums that are not usually enjoyed by the same kind of people.  Both have condo units for sale and for lease, but it’s like comparing apples and oranges, so lets enjoy delving into the big differences. #artsdistrict #condos

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Beacon Lofts is an historic industrial loft building, while Savoy, a block away, is a modern construction traditional condominium complex. Right off the bat, those who want more traditional comforts will prefer The Savoy while those who want industrial character will certainly like Beacon Lofts better.

savoy-la-poolWhile most of our loft specialist team’s clients have preferred Beacon Lofts, a recent LA Loft Blog reader and rental-seeker recently chose the Savoy Condominiums at 100 S Alameda Street because she felt that a one bedroom with an actual door is preferable. The delineation of space also makes it feel bigger and more homey to her.  She mentioned that a lack of closet and/or storage space at the nearby Beacon loft would be a huge issue for her and her boyfriend, and that the balcony with extra storage space at Savoy is a huge perk. The amenities at Savoy are really nice (pool, gym, covered parking, landscaping, etc), Beacon doesn’t have those.  The location of Savoy is preferable for her since she intends to take the train most days and Savoy is a block closer to the Gold Line Metro and Union Station.

The Beacon loft is super cool, modern loft but feels a little too industrial for her preference. Because it lacks bedroom walls and bedroom door, lofts like Beacon are easier to visualize when they have furniture to give people an idea of how cool they can look when set up because lofts are neat spaces, and Beacon has with cool amenities in the surrounding area.

Compared to other nearby condos and apartments, Beacon lofts at 825 E 4th Street has plenty of street parking for guests around the area. Satelite speed internet hook-up, no annoying on-site management and no strict move-in/move-out rules (at other nearby condos, you can’t move in or out on the weekends) — Beacon is mostly owner occupied and self-governed with a community feel. Beacon is a concrete building so no ants/roaches/bugs/rodents. The sound isolation is much better that most buildings. No strict restrictions on the rooftop deck, BBQ, and hot tub (may be used late at night).

LOFT & CONDO LISTINGS DOWNTOWN LA  [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.