Month: June 2017

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Downtown Los Angeles Construction Boom Brings Thousands of New Condominiums and Apartments

The Los Angeles Times newspaper has recently reported that Downtown Los Angeles hasn’t seen this much construction since the 1920s. 42 developments of at least 50,000 square feet have been built since 2010, according to real estate data firm CoStar.  #newhomes #dtla

Downtown Los Angeles New Construction Homes
Downtown Los Angeles New Construction Homes

At Wilshire and Figueroa in Downtown L.A., builders are wrapping up construction of the Wilshire Grand, the tallest building in the West. Created by Korean Air, the skyscraper zooms 1,100 feet high.  It consists of a hotel, offices and an observation deck.

Eckardt 302 Loft In Escrow

A couple blocks away, developer Greenland of China has complete the first condominium building and separate hotel building of its new Metropolis complex, a $1-billion development with 350 hotel rooms and more than 1,500 condo units. River House new condominiums on the Los Angeles River just sold out, and several other new developments, including traditional, townhouse style condos and single family residence houses for sale are under way by the river, as wells as new luxury tower high-rise condominium buildings throughout the Downtown Los Angeles area.

Downtown is changing with tremendous excitement, and along with it, the minds of previous naysayers. Those who only remembered Downtown for its 1980s blight are stunned when they see the vibrant new DTLA. With all of these new homes and infrastructure being built, the Downtown Los Angeles boom is creating more believers than ever before. Get a free list of new homes for sale and new builds under construction in the Downtown Los Angeles area.  Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

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New Homes Downtown LA
New Homes Downtown LA

Copyright © 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.

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738 S Los Angeles St #302, Los Angeles, CA 90014 Downtown L.A. Lofts

How to Get into Escrow and Close Successfully in Downtown Los Angeles

Mills Act Loft For Sale with Private Balcony
Mills Act Loft For Sale with Private Balcony

Some happy home buyers just got into escrow with the best deal on a Downtown loft with a balcony at the Eckardt Building. Escrow generally refers to money held by a trusted third-party on behalf of transacting parties, and to the process of smoothly bringing together all of the paperwork and payments required to change property ownership. For Downtown homes, it is helpful if the escrow company is familiar with commercial and industrial loft conversions, as they may require some extra steps and expertise for a smooth transaction.  |  Avoid Common Downtown Disasters   #escrow #dtla #lofts

Be informed and ready to close.  Get a free and  up to date report with information you need now.   Fill out this online form.

 

Getting into escrow is a key goal for both buyers and sellers.  It is often the happiest part of a real estate transaction because the light can be seen at the end of the long real estate transaction tunnel. Buyers and sellers are often happiest at the beginning of escrow because they typically face challenges before and later during escrow with hurdles that still must be overcome such as inspections, further negotiations and delays in obtaining the home financing and closing.  | Recently SOLD in Downtown Los Angeles

The very first part of the transaction can be daunting when the buyer has trouble finding and winning the bidding war on an amazing Downtown loft while the seller can have difficulty in finding the right buyer with the right offer and sufficient financing. With the right information, home buyers and sellers can take advantage of all of the profitable opportunities that DTLA lofts have to offer.

When the property gets into escrow, Buyers and sellers can prevent inspection problems and avoid delays by knowing in advance about potential loft lending issues, loft building issues, lawsuits, litigation, retrofit inspections, Mills Act and Adaptive Re-Use Ordinances that affect most of the real estate transactions of Downtown Los Angeles.

Which of These Costly Homeseller Mistakes Will You Make When You Buy or Sell a Downtown Loft?  Get FREE a free report by completing the form on this page. A new report has just been released which reveals 7 costly mistakes that most Downtowners make when buying or selling a home, and a 9 Step System that can help your DTLA home transaction proceed smoothly. Order this report NOW to find out on preventing common Downtown loft problems. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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Eckardt Building ( Santee Village ) Downtown Los Angeles

Copyright © 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. This post is an archive backup for historic purposes, not intended to represent current information. Portions have been updated, but most is historic archive. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.