Alta Lofts are Close into DTLA with easy access to freeways to get you wherever you want to go.
Alta Lofts Unit for Sale, address: 200 N San Fernando Road #312
Gorgeous 1300 SF, 2 BR 1B, 10 ft. ceiling LOFT overlooking Downtown Los Angeles. The Alta lofts have a magnificent view, only to be surpassed by the stunning sight of the sunset behind DTLA Skyline. Beautiful hardwood floors complementing the floor to ceiling windows, walk-in closet, spacious bathroom, laundry room, 2 bedrooms and spacious granite countertops. Secured parking for owners, special gated secured overnight guest parking, Only 2 minutes from the heart of Downtown Los Angeles, 8 min from Pasadena and 5 min to Dodger Stadium. Convenient freeway access 5/10 & 110 Freeways. Walking distance to Dog Park, Los Angeles Historical Park, Union Station, LA River walkway, Metro Rail and Chinatown.
#AltaLofts #DTLA
Industrial live-work lofts are popular get free insight with this list of available propertiesFill out the online form.
Q: What is the Mills Act Program?
A: Economic incentives foster the preservation of residential neighborhoods and the revitalization of downtown commercial districts. The Mills Act is the single most important economic incentive program in California for the restoration and preservation of qualified historic buildings by private property owners. Enacted in 1972, the Mills Act legislation grants participating local governments (cities and counties) the authority to enter into contracts with owners of qualified historic properties who actively participate in the restoration and maintenance of their historic properties while receiving property tax relief.
Mills Act participants can realize very fruitful property tax savings each year for recently improved or purchased old properties because the valuation of a Mills Act property is determined by the Income Approach to Value rather and not by the common Market approach to calculating the appraised value. The Income Approach, divided by a capitalization rate, gives the assessed value of the property. Generally, the income potential for an owner-occupied residential property is calculated by looking at rental rates for comparable nearby properties, while the income from a commercial property is based on actual rent received. Because rental values vary greatly, the actual Mills Act historic property tax savings may vary.
Spotlighting a Mills Act property on the Market look no farther than this brilliant unit in the Biscuit Company Lofts. Designer perfect, turnkey, 2 story Penthouse at the Biscuit Company Lofts. Located in the epicenter of DTLA’s Arts District within close proximity to all of the best restaurants, coffee shops and soon to open Soho House. No expense was spared while turning this incredible residence into truly one of the finest in the neighborhood. Notable features include a private terrace with incredible West facing panoramic downtown views of the DTLA skyline, original brick walls, wood floors, stainless steel kitchen, and 2 full bathrooms. Considered one of the finest buildings in the Arts District, the Biscuit Company Lofts offers 24 hour-controlled entry, security guard, and concierge services. A resort-like swimming pool, outdoor entertaining area, fire pit, BBQ, dog walk, a two-level gym & 2 parking spaces round out this special offering. Mills-Act approved.
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