Month: October 2021

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Downtown Los Angeles Real Estate Market Report September 2021

With fewer buyers, most Downtown Los Angeles home sellers must expect a lengthy wait.

Residential Property Prices Update

Urban L.A. home values rebound, even as they take longer to sell. Motivated home buyers get more scarce in an economy affected by fear masked by Monopoly money. Radical monetary policy and helicopter bucks have artificially propped up housing prices amid nationwide de-urbanization. While many are still fleeing the violent crime, chaos and perceived virulence of the inner cities, the plummeting U.S. dollar now inflates the price of nearly all assets. Last month marked a turning point for the median Downtown L.A. loft condo price, which is now looking up.

Cool, hip Arts District loft prices rise as the rich get richer and the poor get poorer.

Number of properties for sale up 23% as de-urbanization continues in favor of cleaner, safer neighborhoods. Runaway inflation has, however, miraculously cured the falling prices. While most Downtown condo prices are rising again, some loft prices nearest to Skid Row are still sagging. Today, fed-excreted funny money props up real estate prices, even for neighborhoods that would otherwise be dwindling due to virus panic, homeless encampment chaos and increasing bifurcation of markets into richer and poorer.

What took 48 days to sell in September 2020 now sits a scary 73 days on the market in September 2021. Lofts are up $16,000 this year due to a devaluing dollar. Downtown LA median price September 2021 of $615,000 sold in 2020 for $599,000. Statistics provided by real estate agents Multiple Listing Service for Downtown and nearby loft neighborhood areas 23, 42 and 1375. | PDF Reports:  SEP 2020 |  SEP 2021

Because real estate is a slow game, most DTLA home sellers are unlikely to realize much of a turn-around for another six months. For the gritty hoods, substantial price increases may not be seen for years.  At Little Tokyo Lofts, only one 1 out of 12 listed units has sold successfully in the last 6 months. The lowest price loft in Downtown Los Angeles, unit# 631, asking price has been reduced to just $355,000. Once you get over potential frights around the corner, this loft condo unit and building are of notably high quality.

How much is your loft worth?

Get a list of recently sold homes in the area, along with a list of currently active homes for sale. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

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

While many buyers frightened away from urban decay, Fed slight-of-hand causes rising prices.

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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Industrial Warehouse Character the Art of Living in One Room

Industrial Lofts tend to have high ceilings making room for a separate loft space

Lofts in DTLA are converted industrial buildings like the GE Building in Little Tokyo for example, which have been converted into apartments from Penthouse lofts to studios. The term loft started to be used to describe open-concept spaces, where the entire layout of the living space was incorporated into one large room, resulting in a market trend you’ll some purpose-built loft-style condos that mimic the open concept style of the industrial lofts without the high ceilings.

Lofts are covetable which is a big part of their appeal, from the high ceilings to the spacious layouts. But the features that make them great also pose a few challenges, like creating privacy, ensuring visual flow, and decorating it so it doesn’t feel like you’re holed up in a stark warehouse. Of course, if you love stark industrial living spaces we know where to look for that kind of loft too.

People are eagerly looking for more flexible and open spaces, Lofts owners can take advantage of the high ceiling to actually add a loft, or simply by arranging furniture create the flexible living space they desire. It is really the art of living in a single room.

#industriallofts #loftlivning

What are your top three space design helpers for living in a loft? Share your ideas with the page here.

Here are a few ideas on how to optimize your loft or studio living space. Open shelves in the kitchen can make the wall a feature and reduce the bulk of traditional upper kitchen cabinets. Keep your color scheme neutral from one area to the next. This helps the whole space hang together. Attach your lighting elements to the walls and ceilings to free up floor space. Create a clutter collection station. When you have everything on show it is a great help to have a place to drop things off for sorting later.

One appeal of the open floor plan Loft is to create a live-work space. Find Live/work Lofts. Fill out the online form.

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

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

Industrial Buildings Converted into apartments and studios are call lofts

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.