April 2019 – Page 9 – LA Loft Blog

REAL ESTATE MARKET NEWS

Now that the froth has been removed from the real estate market, home buyers are finding less competition and easier success when attempting to purchase a desirable loft, condominium or house. #realestate #market #home

CNBC reports that only about 16% of buyers are facing bidding wars recently. When buyers find a desirable home now, they can feel a bit more relaxed that another buyer is not going to immediately nab it. While some real estate markets, such as Sacramento and Denver, are still seeing more than enough buyers, nearly all Downtown Los Angeles specialist real estate professionals say that the market has been noticeably soft for about six to twelve months. Many are saying that the market has shifted to a buyer’s market, meaning there are enough properties to choose from and perhaps not quite enough buyers to satisfy the needs of many sellers. #dtla

The real estate market has slowed across Southern California since last summer. #prices

Find out how much your neighbor’s loft sold for. Get a free list of recently sold properties in Downtown Los Angeles or any neighborhood. Fill out the online form

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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.

Eastern Columbia Lofts Downtown Los Angeles #eastern #building

It may be the epitome of the L.A. Loft building. No other building ticks off so many desirable loft community attributes as the Eastern. With it’s soaring clock tower, blue enamel tile-clad structure, brilliantly ornate architecture and artistic embellishments, Downtown’s iconic art deco masterpiece landmark stands out from the crowd. That’s probably why Johnny Depp purchased several of the penthouses himself when he was on top of the world in 2008. Check out the Johnny Depp penthouse three PH3 video: #artdeco #dtla

This most ornate and artistically designed historic building features full luxury amenities, including 24-hour security front desk concierge, rooftop pool, hot tub spa, outdoor fireplace, fitness center gym (all with spectacular views), dog walk, connected parking and in-unit laundry plus building laundry room. Attractive penny tile adorns most of the bathrooms. Best of all, the owners receive generous property tax benefits thanks to the Mills Act. #lofts

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The down sides of this building are the high prices, dark area toward the back of many of the lofts. The parking is not deeded, but is included in the HOA dues via long-term lease. A dispute about the parking was settled a few years ago. For more info, visit www.EasternColumbiaLoft.com | DETAILS

EASTERN COLUMBIA FOR SALE | FOR LEASE | UNLISTED | SOLD

Get a free list of Mills Act historic lofts with property tax benefits. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/ze1qfwn1rrhoda/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]