L.A. has a large number of lofts for sale in Downtown and other urban centers. In addition to warehouse style condos, there also some lofty houses with high ceilings and lots of character throughout the Greater Los Angeles Area. Some of these lofty homes have Mills Act property tax benefits that pay the lucky owners to help maintain these historic treasures of architecture. | Blog Video
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The L.A. Loft Blog has received word that this Pan American penthouse has generated some interest from buyers. One prospective owner asked about any possibility of lawsuits or other issues common to Downtown Los Angeles properties. Located at the North West Corner of 3rd and Broadway, the 1897 built luxury office building, converted to historic live/work lofts is topped by an exquisite tri-level residence with Beaux Arts elements. The unique corner layout with private rooftop deck features original exposed columns, brick walls, soaring 17-foot ceilings and large oversized windows with abundant natural light and up-close views of the Downtown skyline, City Hall, & Frank Gehrey Grand Ave Project. The luxury unit has been upgraded with high-end kitchen and bathroom.
A dramatic penthouse loft can certainly instill fear of missing out. Panic buying can be quite understandable when the beauty and grandeur of the residence takes your breath away. Get a good deal on an amazing property with outstanding character by taking advantage of the $100,000 savings guarantee Black Friday Real Estate Sale ongoing until December 31, 2020.
Most properties in DTLA have been affected by sprawling homeless encampments, increased crime, recent virus panic, shortages, riots, looting, boarded up buildings, damaged businesses, confusing curfews and stay-at-home orders, among significantly falling home values. These complications can present increased risks, with corresponding opportunities for would-be buyers, residents, landlords and investors.
The property benefits financially from Mills Act property tax savings. One question that we’ve received has been about any potential lawsuits, litigation or other issues around the building. Prospective loft buyers can avoid potential disasters by getting all of the information that may affect the value of a Downtown loft condominium building before taking the time to tour any condo unit. Take advantage of free resources to investigate often litigious Downtown loft conversion buildings. Fill out the online form:
