Month: August 2021

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Downtown Los Angeles Industrial Live/Work Residential Loft Condominium 11 Ft High Ceilings, Top Floor, Private Covered Balcony, Fireplace 690 sq ft $393,000

OPEN HOUSE SUNDAY AUGUST 8, 2021 from 1:00 PM to 4:00 PM — FREE GUEST PARKING

High up on the penthouse level sixth floor, get ready to take in the sunshine and blue sky of this bright loft throughout the day, turning into a very cozy fireplace unit in the evening. Great natural light in quiet courtyard with private covered balcony, the unit features an open floor plan with separated bed area, deeded assigned parking space and additional 25 guest parking spaces. 11 ft high ceilings with exposed ductwork and the soaring original concrete pillar columns add industrial character to this loft. The unit also boasts hardwood and concrete floors, in-unit laundry washer and dryer, stainless steel kitchen appliances with gas stove, central air A/C and heat. The historic building is approved for substantial Mills Act property tax benefits. Additional building amenities include electric car chargers, guard gate free guest parking, 24-hour security and a small fitness room with lots of fun workout equipment. A dog run lets you walk your pets without leaving the gated complex. Nice BBQ barbecue grill area, gym, a courtyard and outdoor lounge area with sofas, and a reading library. Little Tokyo Lofts is a peaceful, guarded sanctuary within the bustle of vibrant urban Downtown Los Angeles. | DETAILS

Amazing loft unit in the historic Westinghouse Electric elevator factory. Originally built in the Roaring Twenties, the building was converted into live work residential condominiums in 2006. The loft features high ceilings, large windows with original steel frame, in-unit laundry, and large walk-in closet. Amenities include heated pool, hot tub spa and sun deck, outdoor grills, 24-hour security and a fitness room.

Only a few minutes walk to restaurants, bars, museums and shops in the Historic Core, the Arts District, shopping promenade, museums, art galleries, breweries and famous tasty restaurants like Daikokuya Little Tokyo, Marugame Monzo and Sushi Gen. | more

Get a free list of Little Tokyo lofts for sale in the $300,000s. Fill out the online form:

Top floor loft with private balcony and real fireplace.

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.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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Find Your Dream Loft or Condo in a Tight Market

Biscuit Company Loft In Arts District. Ample amenities like gym, pool, parking

Condo and lofts sales among the highest in 20 years.

Second-quarter sales of Los Angeles Lofts and Condos were up over 130% from a year ago as reported in local trade journals that track sales by the number of properties that close. While it is not hard to imaging beating last year’s sales due to the economic conditions. See our report on this trend from earlier this year here. We did see buyers fleeing the cities to set up homes in smaller cities looking for breathing room for fear of living in close proximity during an airborne pandemic. That move did not last long, there are only so many available homes for sale in smaller states. In a state like Utah prices quickly shot to the moon. The tide appears to be turning back the other way. The appeal of loft and condo living is indeed back in the driver’s seat for home buyers here in Downtown LA and Hollywood. Prices for newly built properties are at record highs.

While demand for Industrial Lofts and Luxury Condos is high the inventory remains tight. Los Angeles is a seller’s market, which means that more people are looking to buy than there are homes available.  This is expected to continue as the supply of properties is in short supply.

This can be good news for a determined buyer who knows what they want and is ready to take the extra steps suggested by their agent. Writing a letter to the seller saved one couple second round of bidding upon a property. “The letter and a picture of our dog moved the seller’s heart to take our offer.” That saved them as much as $10,000 dollars and associated gray hairs.

#Industrial Lofts #Lofts for sale

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Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association, or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com, Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.