215 Spring Street Sold for $535,000 Bright and charming unit in the Historic Core’s Douglas Building, circa 1899 (Mills Act Tax Incentive Program), with an assigned subterranean parking spot and Mills Act tax benefits offering substantial property tax savings. Four huge picture windows flood the 740 sqft space with natural light, as well as beautiful views of City Hall, Civic Center, and Little Tokyo. Original hardwood floors and stunning tile work give it a matchless charm, with 11ft ceilings, high-end Poggenpohl kitchen, Waterworks fixtures, Bosch appliances, washer dryer in unit, lots of well thought out closets and storage space, built out sleeping loft and office or flex space. Rare opportunity to own a slice of history in a sought after building with very little available inventory.
Live in the heart of DTLA at the beautiful and historic Bartlett Lofts. Surrounded by countless dining and entertainment options, this condo is also walking distance to multiple Metro lines. The one-bedroom loft unit features high ceilings, original oversized windows, stained concrete floors, and dense, soundproof walls. This quiet, interior unit overlooks the courtyard, thereby reducing street noise. Kick back on the beautiful, furnished rooftop terrace with 360-degree unobstructed views of downtown. The Bartlett also offers 24/7 front desk and security and is Mills Act approved allowing for substantially reduced property taxes.
Rowan Building. Highly detailed with abundant views of Downtown, 10 foot high ceilings and large windows that Span the whole wall. Hardwood floors throughout, exposed brick walls, Located in the Historic Old Bank District of DTLA, The Rowan is the perfect blend of old world charm and modern amenities. Built-in 1912 and exquisitely remodeled in 2008, this Beaux Arts Architectural masterpiece allows its residents access to great local bars, restaurants, museums, and shopping right out front from their 24-hr guarded and secured entrance. The building offers an intimate indoor lounge, outdoor BBQ area with a hot and cold spa and a dog run. Qualifying for the Mills Act, owners enjoy substantial savings on their property taxes too.
#millsact #dtla
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What confusing array of choices when it comes to Downtown Los Angeles Live-Work Lofts, Studios, Apartments, Industrial Lofts, Commercial Buildings and Residential Buildings. How do you Choose what is right for you?
Toy Factory
Decide what amenities you want is a good place to start.
This L.A. Loft Blog post will attempt to help clear it up so that those who want to live, work or live and work in the same place can find the right loft, condo or apartment space for them. Then we will list the buildings with lofts for sale and for lease.
Apartments vs Condos
In New York, an apartment in any condominium, co-op or building with several residential units. In Los Angeles, the word “apartment” usually refers to managed rental buildings and their units that have one owner per building. Because Southern California has very few co-ops, most units are only called “apartments” if it is a single owner of the entire building, and the units are all rentals. The building and its units are called condos if they are individually owned. #dtla
Studio vs Loft
Size matters. When it comes to a place where we live or work all day, or sometimes work all night, we need to find the right fit for our use and for our budget. In most residential units in Southern California, when someone says “studio,” it usually refers to a studio apartment, which is a very small rental apartment or condo unit without a separate bedroom. The architecture is very small and open, with the bedroom and living room one in the same. In Downtown, small lofts are not usually called a “studio” because Downtown is home to many photographers and other artists who are using their live-work loft as a professional photography studio or art studio and because most lofts are open lofts. Most lofts do not have separate bedrooms. Small lofts are usually referred to as a “small loft”. For lofts in Downtown Los Angeles, small is usually around 500 to 700 sq ft, a medium is around 700 to 900 sq ft, large is around 900 to 1,100 and very large would be around 1,200 or more. These are all subject to the interpretation of course, but these are the common numbers for many renters and buyers of Downtown L.A. lofts. Are you a big Loft Space Person or a Studio on a Postage stamp in the center of it all. What would you choose? Leave a comment here.
Live/Work vs Residential
Live-work lofts are all the rage because of their popular open architecture, industrial style, and character that is considered hip and modern when the kitchen and bathrooms are updated with stainless appliances and granite countertops. Many renters and buyers of lofts use live-work lofts almost exclusively for residential purposes. Many others are using lofts for creative work such as photography, painting, graphic arts or music. Musicians need to know that live music cannot be played loudly in any residential or live-work buildings in Downtown Los Angeles. Heavy industrial, construction and other loud noisy industries are also generally not acceptable in any Downtown Los Angeles live/work building.
In Downtown Los Angeles, there are exceptions to many of the rules. All buildings will vary on what type of work they will allow, how many customers may visit etc. None of the live/work lofts will let you have a cash register in your unit with a line coming out of the door. But even the residential properties will let you have a business client or two come every day for consultations etc. Here is a complete list of live work buildings around Downtown L.A. for sale and for lease: #artsdistrict
62 RENTAL LOFTS AND APARTMENTS (213) 880-9910 LAloftTour.com
Live/work Rental Loft Apartments:
American Cement Building Lofts – 2404 Wilshire Blvd, 90057 Art House – 1200 S Santa Fe Avenue, Los Angeles, CA 90021
Binford Lofts – 837 Traction Ave, 90013
Brick Lofts – 652 Mateo St, 90021 Broadway Lofts – 430 S Broadway, 90013 Brockman Lofts – 530 W 7th St, 90014 Chapman Flats – 756 S. Broadway, 90014
Chester Williams – 215 W 5th Street, 90013
Continental Lofts – 408 S Spring St, 90013 Emil Brown Building – 308 East 9th St, 90015 Factory Place Lofts – 1308 Factory Place, 90013
Great Republic Lofts – 756 S Spring St, 90014
Hellman – 411 S Main St, 90013 Jeffries Lofts – 117 Winston St, 90013 L.A. Loft Tour – (213) 478-0499 http://www.LAloftTour.com
Lacy Studio Lofts – 2664 Lacy St, 90031
Long Beach Avenue Lofts – 1250 Long Beach Ave, 90021 Mercantile Lofts – 620 S Main St, 90013
Milano Lofts – 609 S Grand Ave, 90017 NCT Lofts National City Tower Building – 810 S Spring St, 90014 Newberry Lofts – 900 E 1st St, 90012
Pacific Electric Lofts – 610 S Main St, 90014 Packard Lofts – 1000 S Hope St, 90015
Peterson and Tansey Lofts – 1250 Long Beach Ave, 90021 Piano Lofts – 932 S Hill St, 90015 Roosevelt Lofts – 727 W. 7th St, 90017
San Fernando – 400 S Main St., 90013
Santee Court – 716 S Los Angeles St, 90014 SB Grand – 312 W. 5th St, 90013
Union Lofts – 325 W 8th St, 90014
Residential Rental Apartments:
630 N Grand, 90012
717 Olympic – 717 W Olympic Blvd, 90015 8th and Hope – 801 S. Hope St, 90017 Apex – 900 S Figueroa St, 90015 Ava Little Tokyo – 236 S. Los Angeles St, 90012 Avant South Park – 1360 S. Figueroa St, 90015 AVANTdowntown.com
Artisan on 2nd – 601 E 2nd St, 90012 Blackstone – 901 S Broadway, 90015
Canvas L.A. – 138 N Beaudry Ave, 90012
City Lights on Fig – 1300 S Figueroa St, 90015 Eighth and Grand – Grand Ave, 90017 Elysian – 1115 Sunset Blvd, 90012 Emerson – 225 S Grand Ave, 90012 Garey Building – 905 E 2nd St, 90012 GareyBuilding.com
Grand Central Square – 306 W 3rd St, 90013
Gas Company Lofts – 810 S Flower St, 90017 LEVEL DTLA – 888 Olive St, 90015 http://www.LEVELDTLA.com
Medallion – 334 S Main St, 90013
Medici – 725 S Bixel St, 90017
Met Lofts – 1050 S Flower St, 90015
Metro 417 – 417 South Hill Street, 90013
Metropolitan – 315 West 5th Street, 90013
Mozaic at Union Station – 888 N Alameda St, 90012
Museum Tower – 225 S Olive St, 90012 One Santa Fe – 1 Santa Fe, Los Angeles, CA 90012
Orsini Apartments – 550 N Figueroa St, 90012
Pegasus – 612 S Flower St, 90017
Piero – 312 E 12th St, 90015
Promenade Tower – 123 S Figueroa St, 90012
South Park Lofts – 818 South Grand Ave, 90017 Spring Arcade – 541 S Spring St, 90013
Visconti – 1221 W 3rd St, 90017 Watermarke Tower – 705 W 9th St, 90015
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industrial style, and character that is considered hip and modern when the kitchen and bathrooms are updated with stainless appliances and granite countertops. Many renters and buyers of lofts use live-work lofts almost exclusively for residential purposes. Many others are using lofts for creative work such as photography, painting, graphic arts or music. Musicians need to know that live music cannot be played loudly in any residential or live-work buildings in Downtown Los Angeles. Heavy industrial, construction and other loud noisy industries are also generally not acceptable in any Downtown Los Angeles live/work building.