Los Angeles Lofts For Sale – Goodbye $300,000s. Say Hello to $400,000s. #dtla #realestate

The average recently sold Downtown L.A. condominium price is $664,976.

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REAL ESTATE NEWS AND MARKET REPORT:  At the end of 2015, there were many DTLA lofts listed in the $300,000s. In 2017, there will be almost none.  Next year, the starter home lofts will begin in the $400,000s, except for a few tiny studio-size condos.  Today, Downtown has many opportunities for those who are looking for a bargain price.  Some of those bargains include the distressed lofts at the Higgins Building, the awesome historic Mills Act lofts in the clean, pretty area between the Historic Core and Civic Center neighborhoods. Active, motivated buyers are taking advantage and getting a steal this season while some potential buyers are either scared from the election or dormant for the winter holiday season. Meanwhile, massive expansion of Downtown infrastructure and huge influx of residents continues to place strong upward price pressure.  Investment gurus Jim Cramer and others have stated their analysis that prices and interest rates are likely to rise in 2017 and the coming years. The Wall Street Journal has also just weighed in with its forecast of rising prices.

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.  —  Warren Buffett

The greedy are still raking in the dough in DTLA. Prospective Downtowners and investors can today take advantage of several issues that are temporarily depressing prices. There have recently and currently been a cluster of minor economic panics in Downtown LA.  Some sellers have reduced their asking prices of lofts in the Higgins Building due to a new assessment.  The prices were reduced some time ago, and some home sellers are giving money to buyers, so buyers are today getting Higgins lofts for up to $50,000 less than they would otherwise cost.  The same holds true for units at Evo, Luma and Elleven buildings, as some buyers and sellers are afraid of the HOA lawsuit against the developer, combined with huge new condos being built nearby.  These also allow buyers to pick up one of these soft lofts for easily $50,000 below what the prices will be once the dust settles.

Get access to all of the bargain lofts and condos for sale. For a free list of foreclosures, bank owned and other distressed Downtown properties, 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, 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.

Downtown Los Angeles Tours

L.A. Walking Tours and Private DTLA Tours of Lofts, Condos and Apartments

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Downtown LA Tour — There are several types of free and paid tours of Downtown Los Angeles streets, neighborhoods, lofts, condominiums for sale and apartments for rent.  The DTLA Walking Tours offer a free walk around the city where visitors can step inside world-class monuments, tell stories, learn the history and experience the architecture of the City of Angels. Go back in time with the Los Angeles Conservancy tour of Historic Downtown, which offers a great overview of downtown L.A. history and architecture, from the eighteenth century to the present.  Free Tour website FreeLATour.com offers free group tours and and paid private tours of Downtown LA restaurants, bars, shops, Broadway, City Hall, Union Station and the Walt Disney Concert Hall. Tourist website LATourist.com lists different tours such as the Olveras Street Tour etc.    #dtla #tour

For those who are more interested in serious real estate tours of DTLA, the L.A. Loft Blog and Realty Source Inc offer private tours of Downtown Los Angeles lofts and condos for sale and loft apartments for lease. These tours are generally free for home buyers and renters above the $2,500 per month range.  Those seeking bargain rentals under $2,500 per month will get special priority access to all types of rentals including those that require a real estate agent to get in, along with the hidden bargain rentals that real estate agents will not normally show because the owner does not pay the agents.  The service includes a choice of a 3-Hour Tour or Priority Service Upgrade.  Ideal for those who are not very familiar with Downtown L.A. real estate but need to find the best place and best deal for sure right away. Details of the tour are at http://www.LALoftTour.com.

Get free information on Downtown LA Tours. 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.