849 S Broadway in Downtown Los Angeles Eastern Columbia Lofts DTLA
Registered Live/Work Lofts in a National Historic Monument
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Lofts For Sale – Listed and Off-Market #easterncolumbia #millsact #lofts
890sf Studio One Bath offered at $625,000 ($702/sf)
Center Loft, Upper Floor, Unobstructed South
Annual Property Tax: $2600 Tax Savings: $5200 with Mills Act in place
Purchase Price: $625,000
Approx Annual Costs (includes HOA, Taxes, Insurance): $15,000
Approx Annual Rental Income: $35,000
1500sf One Bedroom One Bath offered at $975,000 ($650/sf)
Corner Loft, Lower Floor, Some Updates, Taller Ceilings, Tree Top Views
Annual Property Tax: $2400 Tax Savings: $9750 with Mills Act in place
Purchase Price: $975,000
Approx Annual Costs (includes HOA, Taxes, Insurance): $16,000
Approx Annual Rental Income: $45,000
1610sf Two Bedroom Two Bath offered at $1,400,000 ($869/sf)
Corner Loft, Upper Floor, Extensive Remodel, Unobstructed South and East Views
Annual Property Tax: $3500 Tax Savings: $14,000 with Mills Act in place
Purchase Price: $1,400,000
Approx Annual Costs (includes HOA, Taxes, Insurance): $18,000
Approx Annual Rental Income: $60,000
1740sf Two Bedroom Two Bath offered at $1,500,000 ($862/sf)
Corner Loft, Mid-Level Floor, Remodeled, Large Balcony, North and West Views
Annual Property Tax: $2750 Tax Savings: $15,000 with Mills Act in place
Purchase Price: $1,500,000
Approx Annual Costs (includes HOA, Taxes, Insurance): $18,000
Approx Annual Rental Income: $60,000
1840sf Two Bedroom Two Bath offered at $1,650,000 ($896/sf)
Corner Loft, Upper Floor, Extensive Remodel, Unobstructed South and East Views
Annual Property Tax: $4,000 Tax Savings: $16,500 with Mills Act in place
Purchase Price: $1,500,000
Approx Annual Costs (includes HOA, Taxes, Insurance): $20,000
Approx Annual Rental Income: $80,000
Building and Neighborhood Appreciation Factors: A quick study of the Eastern Columbia building and its surrounding neighborhood shows much potential for appreciation. This one-of-a-kind Live/Work Loft building is a National Historic Monument, which is already known as the Dakota of LA. Luxury rental towers like LEVEL Furnished Living, Atelier, Eighth and Grand, and the extraordinary Freehand hotel make up part of this booming neighborhood. The high-end retail on the block also demonstrates how well this neighborhood is doing: Acne Studios, Il Café, Mykita, Mischelle Jilene, OAK NYC, Sara Palacios Design, Tanner Goods, A.P.C., Urban Shopping Adventures, HEX, and Aesop. Plans for the immediate neighborhood include: The Broadway Trade Center next door with over 200,000sf of high-end retail space on street level (think Gucci, Prada, Armani), Jordan Brand Flagship Store, Onni Group’s 50 story tower, and the Apple Store coming to the Tower Theater. #dtla
Existing and future developments continuously add to the scope of the neighborhood, with the Eastern Columbia positioned in the heart of it all. These include Whole Foods, Ace Hotel, Orpheum Theater, and several new residential buildings recently completed and in the works. Bringing Back Broadway is planning the Downtown Streetcar’s route along Broadway, which will pass in front of Eastern Columbia building. As density pushes in, this desirable building, the Jewel of Downtown with the iconic clock tower will remain a bright beacon in the Los Angeles skyline.
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For more information, please contact: COREY CHAMBERS
213-880-9910 mobile 323-352-3838 office
corey@easterncolumbialoft.com EasternColumbiaLoft.com
Copyright © This free information provided courtesy Bill Cooper. Additional information provided by L.A. Loft Blog, LAcondoInfo.com and 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. Mills Act property tax benefits are not guaranteed and are subject to change. Get Mills Act details from the City of Los Angeles. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.