Month: July 2022

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Art Deco Artist Lofts for Lease also AI Writing Future Tech

Industrial Loft Kitchen at Alta Lofts, as seen by AI art generator

Artist Lofts with a big footprint are available for lease.

Loft Blog readers were the first to learn about some surprisingly spacious industrial lofts located in the Elysian Park area. Some with footprints of 960 square feet and features great outdoor spaces and a very large, private, SE-facing balcony. High ceilings, big windows, concrete floors, a big bathroom with tile floors, walk-in closet. The kitchen has granite countertops and stainless steel appliances, including a fridge. Gas stove and hookup for washing machine.   

The Alta Lofts buildings have a historic Art Deco style, contemporary additions, a fitness center, gym, social rooms, barbecue areas, secured entrances, 24-hour guards, secure parking spaces, and guest parking. Walk to dining, shopping, Metro Gold Line Station, Elysian Park, and the Arroyo Bike Trail. Originally built in 1925, the structure was operated for decades by Fuller Paint Company and retains its original Art Deco facade and architecture but has been updated with modern features and furnishings that blend the best of both. Building amenities include a fully landscaped ground-level patio. Located approximately 10 minutes from Costco and downtown Burbank. 

At LALoftblog, we have been experimenting with an AI Art generator and writing tool. One of our current favorite inspiration sites is 1000 Robots shown here on youtube. It’s an art project completed by an AI art generator. Staff writer KT Donohue is a huge fan of vintage robots with claw hands a’la lost in space. “Never Fear, Smith is here.”

How do you like our robot writer’s style and artwork? Comment

Open the link to see new available listings at the Alta Lofts. Fill out this online form.

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#nightcafe #entarispowerful

AI-generated art from Night Cafe Loft with Roll-up Door and patio

Copyright © This free information is provided courtesy of 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. EAC220070802KT 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.

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The Longest Escrow | How Many Days, Weeks or Months Could It Take to Buy or Sell a Home

Escrow length when selling a home: It can sometimes take a while

Q: What’s the longest escrow period on a house?

A: When buying or selling a home, most transactions are protected by using an escrow service to verify that all parties follow the property purchase agreement contract, to ensure that required documents are completed, to make sure that required procedures are accomplished and to send payments as required by the purchase agreement. This process usually takes time, especially when a home mortgage lender is providing financing so that the buyer can make payments over time for the property. The length of escrow can vary greatly depending on the wishes of the buyer and seller, the type of financing, and the requirements of the contract.

What is the longest that escrow can be? The most common escrow period is 30 days, but 35-45 days is common too. Sometimes escrow can close in just 21 days, but we’ve heard of two cases of escrow taking a full 18 months. One case involved yours truly, the headquarters of the LA Loft Blog, a 2-story condo unit at Alta lofts. Although the seller warned us that it would be a long escrow when we bought the Alta loft, we thought it might not be prudent to keep waiting once the escrow period passed 60 days, then 90 days, then 6 months, then a year. The condo was a special deal, a new development of converted historic industrial lofts, plus some special financing arrangements. The price was so low that the seller did not want to complete the transaction right away because it would lower the comps for the other units. Fortunately, our Downtown real estate team leader informed us that it was usually worth waiting for the escrow to close — and he was right. The loft was big, nice and cheap. Patience paid off. We don’t know the details of the other 18-month escrow, but they likely also found it to be well worth the wait. If anyone has heard of a longer escrow, please tell us about it 🙂

What’s the shortest escrow? For a cash purchase, escrow can theoretically be done in about three days in California, but we suggest allowing at least 7-14 days to allow for delays and government bureaucracy etc.

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Yes, a home sale can really take more than one month, sometimes years.