Month: September 2018

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Affordable Lofts And Condos Under $500,000 In Downtown Los Angeles

Affordable condos really do exist in DTLA.  Here are a few under $500,000.

At Mateo New Shopping Center Arts District
At Mateo New Shopping Center Arts District

Downtown Los Angeles has proven to be such an excellent investment that the average loft owner has gained more than $200,000 in increased equity since 2012, while the average renter has expended more than $75,000 during the same period.

420 S San Pedro Street Apt. 203  $369,999

Little Tokyo Lofts

Downtown L.A Living!! Open, Spacious, Bright, Private, Amenities, Secured.  Enter this bright loft with tall 12 Foot Ceilings, Maple Hardwood Floors, A Beautiful Modern/Industrial feel in this great building.

 

630 W 6TH Street 607 $475,000

 

This stylish one bedroom condo is in the heart of downtown LA’s financial district. Steps away from restaurants, bars, retail stores, and museums. This condo is perfect for you if you work or go to school near the city center or if you want to experience living in a hip urban environment.

 

 

 

 

 

 

 

630 W 6TH Street Apt 313 $480,000

Big Windows Make this Space super bright and cheerful

Ideal Downtown LA Financial District location. So close to METRO, Library, The Standard, Bottega Louie, etc. Library Court was re-configured and restored to 91 residential units in 2004 by the Greystone Group and award-winning AIA preservationist architect, Brenda Levin who also worked on the restoration of LA landmarks Griffith Observatory, Wiltern Theatre, etc. Very tastefully updated 1 BR, 1 BA condo with newer wood floors, appliances, etc. 24/7 front desk security, gym, outdoor patio lounge area, and top floor sun deck. Enjoy the best of Downtown LA from this centrally located address. This unit has been upgraded with wood floors throughout, new bathroom, and all upgraded appliances. Must See!

>> MORE Affordable Lofts

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#dtla #affordablecondos

 

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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Library Court

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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Loft Values Gain Value As Equity Grows

1100 S Hope Street
1100 S Hope Street

Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% according to the Home Price Expectation Survey.

Every month, the economists at CoreLogic release the results of their Home Price Insights Report, which includes the actual year-over-year change in prices across the country and their predictions for the following year.

The chart below shows the forecasted year-over-year prices for 2018 (predictions made in 2017). According to their predictions, the average appreciation over the course of 2018 should be 4.8%, which is still greater than the ‘normal’ appreciation of 3.6%.

If we layer in the actual price appreciation that has occurred this year, we can see that over the course of 2018, home prices have appreciated by an average of 6.9% and have outpaced projections all year!

What does this mean?
The tale of today’s real estate market is one of low inventory, high demand, and rising prices. The forces at work can be simply explained with the theory of supply and demand. That being said, if a large supply of inventory were to come to the market, prices may start to appreciate closer to the forecasted rate which would STILL be greater than the historic norm!

Bottom Line
If you are a homeowner whose house no longer meets your needs, now may be a great time to list your home and capitalize on the equity you have gained over the last year to make a significant down payment on your next home!

#lofts #DTLA

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  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Macys Plaza now the Block by Historic Lofts
Macys Plaza now the Block by Historic Lofts

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.