Alta Lofts For Lease Downtown Los Angeles – Live/Work Industrial Lofts Just Listed

Alta Lofts For Lease – Just Listed

200 N San Fernando Rd #507, Los Angeles, CA 90031   #alta #lofts #lease

Alta Lofts For Lease 200 N San Fernando Rd #507
Alta Lofts For Lease 200 N San Fernando Rd #507

Enjoy this spacious industrial live/work loft featuring big, open space and an extra large private balcony with a Southeast view. High ceilings, big windows, concrete floor, large bathroom with floor tile, closet. Kitchen has granite countertop and stainless steel appliances, including refrigerator. Gas stove and laundry hook-ups. Alta Lofts building features historic art deco architecture along with modern additions, fitness center gym, social room, BBQ area and secured entry and 24-hour security patrol, secured parking space and guest parking. Walk to food, shopping, Metro gold line station, Elysian Park and Arroyo bike trail. Available furnished or unfurnished.   |   DETAILS

Originally built in 1925 and operated by the Fuller Paint Company for decades, the building maintains its original art deco exterior and architecture while seamlessly incorporating the best in contemporary features and decor.

Building amenities include fully landscaped first floor courtyard. Minutes from Downtown LA, Silverlake, Los Feliz, Glendale, Pasadena, the LA Arts district! By 5 & 110 Freeways. About 10 minutes from Costco and Downtown Burbank. Available for immediate move-in. Call Corey (213) 880-9910.

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

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200 N San Fernando Rd #604, Los Angeles, CA 90031

Alta Lofts 604 For Lease (213) 880-9910
Alta Lofts 604 For Lease (213) 880-9910

Don’t pass up this incredible opportunity to lease a fabulous live/work space penthouse level corner unit at the world-renowned Alta Lofts! Originally built in 1925 and operated by the Fuller Paint Company for decades, the building maintains its original art deco exterior and architecture while seamlessly incorporating the best in contemporary features and decor. This big, bright, and open features lofts of windows and natural light, wood floors, and open-concept living area with the privacy, peace and quiet of a real bedroom. The modern, open kitchen with stainless appliances, including refrigerator, gas stove and subway tile backsplash, is perfect for cooking and entertaining. The unit features a private balcony. Laundry washer and dryer in unit. Building amenities include fully landscaped first floor courtyard, assigned gated 1 car parking space and guest parking, 24 hour fitness room gym, community room and BBQ area. Minutes from Downtown LA, Silverlake, Los Feliz, Glendale, Pasadena, the LA Arts district! Two blocks from shops, restaurants, Metrolink Gold Line, 5 & 110 Freeways. About 10 minutes from Costco and Downtown Burbank. Must see! Available for immediate move-in. Pets require $1,000 deposit plus $50 pet rent. Call Corey (213) 880-9910.   |   DETAILS

Corey Chambers
Your Home Sold GUARANTEED or I’ll Buy It*

No Gimmicks! For information on my exclusive Guaranteed Sale Program, order a Free Report by visiting www.GuaranteedSaleSoCal.com

4 Big Reasons to Call the Chambers Team to Sell Your Home:

#1 We’ll Get You More Money – Chambers Team gets you 2.2% more of the asking price
#2 We’ll Sell Your Home Faster – Chambers Team sells homes 44% faster
#3 More Likely to Sell – Chambers Team homes are 16% more likely to sell
#4 We’ve got more than 4,700 buyers in our Data Base looking for a home
To find out how much you can sell your home for and how long it will take, call Corey at (213) 880-9910

*seller and Corey must agree on price and time of possession. Realty Source Inc BRE#01889449\

Historic industrial live/work loft 810 sq ft with private balcony. Open space with high ceilings. Hip urban character. Separated bed area. Upgraded ceiling lighting. Modern kitchen and bathroom. Concrete floors. Parking in maple avenue lot with free evening shuttle. Qualifies for Mills Act tax benefits. The Eckardt Building residents enjoy Santee Village amenities including swimming pool, hot tub spa, rooftop sun deck, fitness center gym, food court, wine market. In the middle of the action walkable to countless shops, restaurants, coffee, bars, pubs, entertainment and and transportation. Call Corey (213) 880-9910 or visit EckardtLoft.com

Corey Chambers
Your Home Sold GUARANTEED or I’ll Buy It*

No Gimmicks! For information on my exclusive Guaranteed Sale Program, order a Free Report by visiting www.GuaranteedSaleSoCal.com

4 Big Reasons to Call the Chambers Team to Sell Your Home:

#1 We’ll Get You More Money – Chambers Team gets you 2.2% more of the asking price
#2 We’ll Sell Your Home Faster – Chambers Team sells homes 44% faster
#3 More Likely to Sell – Chambers Team homes are 16% more likely to sell
#4 We’ve got more than 4,700 buyers in our Data Base looking for a home
To find out how much you can sell your home for and how long it will take, call Corey at (213) 880-9910

*seller and Corey must agree on price and time of possession.

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.

Open House Downtown Los Angeles Homes For Sale – Lofts and Condominiums DTLA

Walk right in and enjoy browsing these awesome live/work lofts, luxury high-rise tower condos and historic lofts with balconies and Mills Act Property Tax Benefits in the most exciting place on earth, Downtown L.A.   #openhouse #dtla

Open House DTLA
Open House DTLA

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OPEN HOUSE LIST  —  FREE REPORT  —  open-house-dtla-170728 (pdf)

Mills Act Property Tax Benefits  |  Lofts with Balconies  |  Lofts Under $500,000

Get a free list of open house lofts and condos for sale in Downtown LA. Fill out the online form:

 

 

 

 

 

 

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Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

Eckardt 302 Back on the Market

How to Secure Super-Low Downpayment Home Loans
When You Buy a Los Angeles Home

A new report has just been released which identifies a foolproof 3-point plan, which any homebuyer can use to secure the best financing rates when they buy a home. When you’re looking to buy a home, the first thing most homebuyers do is start the process of house hunting. However, experience proves that this is one of the last steps you should be taking if you want to get the most home for the least amount of money. In fact, shopping for the best financing should start long before you start shopping for a home. The experience of thousands of area home buyers has been summarized in a new report entitled “BestFinancing: A 3-Point Plan”. This report outlines 3critical steps you must take to obtain the absolute best financing rates when you buy a home. It tells you where you should go, what questions you should ask, and how to manage the process to your personal advantage.To hear a brief recorded message about how to order your FREE copy of this report call toll-free 1-844-837-3308 and enter 1020. You can call any time, 24 hours a day, 7 days a week. Get your free special report NOW to learn how to obtain the best financing rates when you buy your next home.

 

This report is courtesy of Corey Chambers Realty Source Inc BRE#01889449. Not intended to solicit buyers or sellers currently under contract. Copyright ©2017  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.

Downtown Los Angeles Lofts and Condos – Homes Sold This Week

Asking prices for homes in Los Angeles can be very high, just right or even very low as compared to the SP final sale price.  That’s why it’s necessary to look at the sold price of homes that closed escrow recently in the neighborhood. By seeing what really sold, buyers and sellers can quickly get caught up with what’s happening in the local real estate market, and the real home price and value can be determined. Below is a list of lofts and condominiums that sold this week around Downtown L.A.  #sold #homes #dtla

Sold -- Downtown Los Angeles Home Prices
Sold — Downtown Los Angeles Home Prices

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Home Prices  —  sold-dtla-170727 (pdf)

Sold Hones Prices Downtown LA

13 homes sold in the last two weeks with an average time of 56 days on the market and a median sold price of $612,000.

Get a free list of homes that sold recently in the area. Fill out the online form:

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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

Downtown Home Sellers

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.

Real Estate News – Downtown Los Angeles Booming in a Normal Real Estate Market

Real Estate Economics of Downtown L.A. Lofts and Condos Today

Normal Economy
Normal Economy

The L.A. Loft Blog, the authority on Downtown Real Estate, reported in 2016 that we entered into a normal real estate market. What is a “normal” real estate market?  Before we can answer that, we must answer the question about why we never hear the word “normal” when we hear news about economics . #dtla #realestate #news

Let’s first start by informing about how we at the L.A. Loft Blog have been helping buyers, sellers, renters and landlords by telling everyone (who was fortunate enough to read in 2011) to start buying real estate, to catch the wave before it passes, and that it would be almost like getting a free house. In 2013, the L.A. Loft Blog reported that prices were up and that the sky is the limit on prices.

The fact is, economics is the dismal science, and most ignore it. Buyers buy when they feel like it, or when they have the money, and sellers sell when they need to, or when they want to move or to cash out. The smart, astute and savvy do, however, at least pay attention to economics and integrate the facts as much as possible into their profitable plans.

In 2012, when the recession was at its lowest, the publishers of the L.A. Loft Blog eagerly put our own money where our mouths were, and went all in on purchase of real estate. We bought an Alta loft for $202,000 that year, and a few years later, the value was more than double.  While it’s not exactly  free, that is the closest thing to getting a free home for a home buyer.

Eckardt 302 Back on the Market
Eckardt 302 with balcony asking $442,880

While many took advantage of the low prices at that time, others professed to know that there was a coming wave of foreclosures that they were waiting for.  A heaping pile of garbage, the national mainstream news was dead wrong. The publishers of the L.A. Loft Blog informed our small readership that the “coming wave of forclosures” was not coming.  Indeed, it never came.  The only real wave was the wave of high prices that the L.A. Loft Blog forecast earlier.  We, with many of our clients are riding that wave all the way into the frickin’sunset!

National real estate news does not exactly match up to Downtown real estate because Downtown Los Angeles is a fast-growing urban center in an unprecedented renaissance and renewal. The recession was slow to hit Downtown in 2009, and then Downtown LA was among the first to escape hard times as DTLA again exploded, quickly with growth in 2012 when the rest of the country was still waiting for the “wave of foreclosures” that never appeared. Not only is the mainstream news media unable to forecast what it coming up in the economy, the mainstream news is utterly unable to report anything as normal simply because “normal” is not news.

Today, we’re in a normal real estate market as prices are approaching a moderate plateau. Normal means that the economy is growing at a relatively common pace, and PRICES ARE LIKELY TO CONTINUE TO RISE SIGNIFICANTLY BEFORE PRICES DROP SIGNIFICANTLY. The coming plateau will likely provide extended stability, the hottest market is yet to come, and then the following fall in prices will be both late and marginal. Downtown rent prices have been largely stable for the past 12 months, indicating a stabilizing trend for home prices. A great deal of cash today is on the sidelines. After unprecedented quantitative easing by federal governments (electronic printing of money), cash is relatively easy to come by as viewed from historic standards. While it’s not a time for investors to immediately double their wealth in real estate, today’s Downtown Los Angeles real estate market does present a great opportunity for renters to stop renting and lock in a historic low interest rate and affordable monthly payment.

Those who need crazy, abnormal gains quickly will need to invest in Bitcoin. Or let us know what you think will be a faster-growing investment at tips@laloftblog.com

Get a free list of top Downtown LA investments. Fill out the online form:

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Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

Normal Market Cycle
real rearearea Normal Market Cycle

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.

Downtown Los Angeles Homes For Sale – How to Buy an Off-Market Property

Unlisted Lofts, Pocket Listings and Off-Market Condos

Unlisted Lofts Downtown Los Angeles

Homes For Sale:  Many of the best deals on Downtown L.A. real estate for sale and for lease are not on the internet and not listed with real estate agents.  These off market properties include unlisted homes for sale, pocket listings, properties that are already in escrow, under contract, on hold, canceled, withdrawn or not yet listed for sale.  #unlisted #lofts #dtla

How to Buy an Off-Market Property

Many smart buyers make the mistake of missing out on just the right loft, condo or house because they never see the best deals. Even many experienced real estate agents are not good at dealing with these properties, simply writing them off as “already taken” and they will never show them to you. It’s important to see these properties and to take advantage of them. Take advantage of the fact that other buyers and agents do not know how to properly take the initiative to purchase off market properties.

Pocket listings and all other off-market homes can be found from unique sources with specialized knowledge and proprietary information on properties that are not listed on the real estate agents MLS and not on the Internet.

The source must be able and willing to provide these properties to the buyer, or the buyers need to find a source that is ready willing and able to provide all of the types of off market property information.

For properties that are on hold, expired, withdrawn or under contract, the first step is to contact the seller by telephone, text and email, and then provide the address, building name and/or neighborhood or cross streets of the property, along with the contact information and license number of the buyer’s agent.

The buyers agent and then must follow up with the seller the next day week month two months six months and one year.

The best deals go fast — and that’s why it’s important not only for buyers to get property listings sooner, quicker — and to thereby get off-market, unlisted and pocket listings. So, the secret is to properly follow-up on these superior properties that are better deals for the buyer, resulting in long-term happiness and a comfortable financial future that these special deals provide to their smart and fortunate owners.

Get a free list of off-market homes with info on free access to pocket listings and unlisted lofts and condos in Downtown Los Angeles. Fill out the online form:

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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

Unlisted Lofts Downtown LA
Unlisted Lofts 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.

Downtown Los Angeles Lofts For Sale – How to find the best deals

Best Deals in Condominiums in Downtown L.A.   #dtla #bestdeals #homes

The best deals go quickly. That’s why smart home buyers know how to look for special deals that offer better homes, more amazing lofts, at lower prices and with higher profit potential.

New Home Los Angeles
New Homes Los Angeles

Best Deal Types

New Construction Homes – New build homes are often a better deal because they are newer, latest technology and highest construction quality, at very competitive prices.

Mills Act Homes – The state of California, along with counties and cities provide a big discount on property taxes to owners of qualified historic lofts and buildings.

Distress Sale – When a seller needs to sell quickly for any reason, or when the seller is having difficulty selling due to physical or legal condition of the property, it opesn up the possibility of better negotiating power for the buyer, and a lower price.

Bank Owned – When a homeowner can’t pay the mortgage on time, the bank takes over the property and sells it for whatever the market will bear, often at a low price.

For Sale By Owner ( FSBO ) – Some owners prefer to sell their home themselves rather than using a listing agent. This can create a great opportunity for buyers to negotiate a lower price.

Expired – When a home is listed for sale but does not sell, it creates an opportunity to offer a lower price.

Foreclosures – When home was not paid for on time, the property is taken over by another party, who often sells it quickly at a lower price.

REO – Real Estate Owned is a class of property owned by a lender, typically a bank, government agency, or government loan insurer, after an unsuccessful sale at a foreclosure auction.

Company Owned – Refers to a bank-owned property that is taken over due to a foreclosure or similar action.

Estate Sale – When a homeowner passes away, the family or other heirs inherit and sell the property to distribute to the funds fairly to the new owners.

Probate Sale – When a homeowner dies without a proper trust, a judge must oversee the transfer and sale of the property.

In Escrow – Many prospective home buyers give up when they hear that a desirable property is already in escrow with another buyer. Rather than giving up, the buyer can and should take steps to be an official back-up buyer.

Under Contract – A residential purchase agreement has already been signed, but the agreement may be canceled. Buyers can put in a back-up offer to take advantage of canceled contracts.

On Hold – The seller has decided not to sell the property for a certain period of time. The seller is likely making preparations to sell, and smart buyers will place an offer and then follow up frequently to get a great deal.

Vacant – Nobody is living at the property, so the seller could be paying mortgage and losing a lot of money. The seller might drop the price drastically, giving the buyer an excellent deal.

Divorce SaleDivorce Sale – One of the fastest growing deal types, divorces are commonplace in Southern California, and create an opportunity where the property must sell more quickly, often at a lower price.

Auction – The property sells to the highest bidder, often at a below-market price.  The auction process is often used for unsold new homes, foreclosures and bank-owned homes.

Pre-auction – When a home owner is late in mortgage payments, the property gets listed as a pre-auction. Most auction listings are actually pre-auctions that will never go to auction, but offer a great chance to put in a profitable offer to the owner even if the unit is not listed for sale.

Pre-foreclosure – Before going into foreclosure, the property owner is often open to considering unsolicited offers, an excellent opportunity for savvy home buyers.

Raw Lofts – Loft developers sometimes do not complete every unit in a loft conversion development. These raw lofts often sell at a lower price similar to other unfinished construction homes.

Off Market – Any property that is not listed on the MLS as Active is an off-market property.  These reduced-visibility listings and unlisted homes offer superior opportunities to get a lower price when other buyers do not see them.

Private Listings – Some home sellers do not want the general public to know that they are selling their home, so the seller chooses to keep the listing private and only offer to show it to buyers who are qualified.

Pocket ListingUnlisted – Properties that are not listed on the real estate professional’s MLS Multiple Listing Service.  With less competition, buyers can get a better deal and an easier negotiating process.

Pocket Listings – When a listing agent does not make the property information available to all other agents, the buyer can often get a better deal due to reduced competition.

Need To Sell Now – Homes that need to be sold immediately provide an excellent deal for buyers who are fully prepared and ready to grab a bargain.

Short Sales – When a home seller owes more than the property is worth, the seller can sell the property with the lender’s permission in a short sale.  Short sales take longer and require twice as much negotiations, with the seller and also with the seller’s lender.

Unclaimed Homes – Any home that has not yet closed escrow can present a super deal for the buyer when the buyer implements superior search, bargaining and negotiating strategies.

Get a free list of distress sale deals.  Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

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New High-rise Condominiums For Sale
New High-rise Condominiums For Sale

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.

New Homes Downtown Los Angeles, Lincoln Heights, Highland Park, Mount Washington, Montecito Heights

NEW HOMES UNDER CONSTRUCTION – See the town homes today!

New Homes Under Construction - Early tour today
New Homes Under Construction – Early tour today
New Home Buyers Couple Get Key
New home buyers couple gets key

Just the right loft, condo or house and a great deal.   #newhomes #losangeles  Get those special advantages that the L.A. Loft Blog always talks about.  While most Downtown area home buyers are having trouble finding enough inventory, the informed buyers are going to see a new construction townhouse condominium building today.  Beat out the other buyers to the best deals, by getting free access to these powerful, profitable details and beating out the thousands of competing buyers who don’t read the L.A. Loft Blog. Get priority access:

Town House New Build Construction Tour
Sunday from 11:00 am to 3:00 pm.  Remember, this is a chance to see new plans 1, 3, and 4!
Closed toed shoes and appointments are required. For safety reasons children under the age of 5 will not be able to tour the homes.
We can’t wait to see you!

Get in right away. It’s quick and easy to get on the new homes interest list. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

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New Homes Construction Los Angeles
New Homes Construction 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 seller, homeowner’s association, builder 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 – The Home of the Future

The L.A. Loft Blog presents New Homes of 2017  —  Compare these new construction Downtown homes to the 1960s vision of the home of the future.   #newhomes #losangeles

Downtown Los Angeles Homes of the Future
Downtown Los Angeles Homes of the Future  —  See all new homes arriving between 2017 and 2019

The home of the future. Dreams travel faster than light.

In 1967, the Philco-Ford Corporation released a short film titled 1999 A.D. In it, the inevitable advances of the future are demonstrated. Some of the predictions seem to be right on, while others appear to have been pulled straight from Star Trek. Enjoy peering in to the future to see what homes in the year 1999 will be like.

Eckardt 302 Back on the Market
Eckardt 302 with Balcony – Available Today

Hexagon modules are not here in Los Angeles yet, but modernized industrial and historic lofts, along with brand new construction luxury high-rise towers have arrived, with more on the way.

Get a free list of all new homes under construction in Downtown Los Angeles. 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

The homes of the future are being built today in Downtown L.A.
The homes of the future are being built today in Downtown L.A.  New Homes Interest List – Get free info and priority access at NewHomesDTLA.com

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.

Lofts and Condos For Sale Open House Downtown Los Angeles

OPEN HOUSE LIST DTLA  —  The best deals go quickly. When seeking a great deal in Downtown LA, buyers are also more and more concerned that they could get priced out of the market if they don’t get the right home soon. Looking at open house homes for sale is a fun way to get on the right path to discovering the place that is just right.  #downtownla #openhouse

Eckardt Building Loft with Balcony Every Day Open House - Call for times (213) 880-9910
Eckardt Building Loft with Balcony Every Day Open House – Call for times (213) 880-9910

By taking a walk into Downtown L.A. open house lofts and condos for sale, would-be loft owners can enjoy seeing close-up what different kinds of residences DTLA has in store for them. Historic lofts with fabulous character and Mills Act monetary benefits, former commercial office high-rise luxury loft conversions with breath-taking views, concrete and brick New York style industrial lofts, 2-level lofts with upstairs mezzanine bed area separation, comfy traditional style condos with super amenities, along with lofty houses and condominiums outside of Downtown bring choices to coming urbanites.

Hey, check out this week’s open house list, and keep in mind that some properties offer an Every Day Open House. Call for times (213) 880-9910.

FREE LIST  —  open-house-downtown-los-angeles-170721 (pdf)

>> MORE

Get free list of open house lofts and condos for sale. 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

downtown-open-house-3-ee copy
Every Day Open House  —  Call for times (213) 880-9910

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.

Are Rents Declining in Downtown Los Angeles?

REAL ESTATE NEWS  —  Many Downtown area homeowners received a post card recently from a loft specialist real estate company stating that rents are declining.  Because the L.A. Loft Blog is the authority of Downtown Los Angeles real estate, we’re going to help determine if this is true.  Are rents really going down in Downtown L.A.?   #rentprice #dtla

Are Downtown L.A. Rents Going Down?
Are Downtown L.A. Rents Going Down?

RENT PRICES

The post card fails to include the exact beginning and end period, and also does not mention the comparison period.  The statistical statements therefore are not complete, and so it’s like saying a car is going 55 or 75 without saying miles per hour or kilometers per hour etc. The same is true when talking about rental rates. Panic selling is rarely a good idea, so Downtown home owners and landlords want to know the real details of what is happening to the DTLA rental market.

To know the real state of rents in Downtown, we need to look directly at the MLS Multiple Listing Service data, and compare the specific time periods.  The generally accepted time period to observe in real estate is the past 6 months (the recent market period), and then to compare that to the same 6 month period in the years earlier.

We’re not going to use average because the MLS data contains errant massively incorrect data.  Median is more accurate (the middle number), so lets take a look at the real median rental price for those specific periods:

2015 $2,550  Downtown LA Rents 2015 (pdf)
2016 $2,740  Downtown LA Rents 2016 (pdf)
2017 $2,750  Downtown LA Rents 2017 (pdf)

So looking directly at the real MLS data, we can see that rents are generally not going down, but the rate of increase has most certainly gone down. A stabilization has occurred. No need to panic. In fact, the opposite is true. The right amount of new apartments have been built so that the thousands of new Downtown residents might not need to encounter huge rent increase in the near future, and landlords will likely not be able to raise rents dramatically. Downtown Los Angeles landlords will also not likely need to implement the 65% rent reduction that the recent postcard seems to suggest.

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What's really happening wth Downtown Los Angeles apartment rental prices?
What’s really happening wth Downtown Los Angeles apartment rental prices?

 

Downtown Los Angeles Homes Sold Prices

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.