Discover the Perks of Owning a Mills Act Loft in Downtown Los Angeles: Affordable Luxury with Historic Charm | Affordable Luxury, FHA and VA Approved, 3.5% Down Payment and Tax Benefits Await You at Bartlett Lofts
Welcome to Bartlett Lofts, an iconic Beaux-Arts building located in the heart of Downtown Los Angeles’ bustling Jewelry District. This historical gem has been converted into modern, sophisticated lofts, providing residents with a unique living experience. With a range of benefits, including FHA and VA loan approval and Mills Act status, these luxury lofts are perfect for those looking for an affordable investment in a prime location. In this blog post, we’ll explore the benefits of owning a Mills Act Amazing Loft Downtown Los Angeles at 215 W 7th St, #1109, Los Angeles, CA 90014 or unit #801 $429,900 for 700 SqFt.
Significant Tax Savings: The Mills Act offers a substantial reduction in property taxes for owners of historic properties who agree to preserve and maintain the building’s historic features. Owning a Mills Act property can save you thousands of dollars each year, making your investment more affordable and attractive.
FHA and VA Loan Approval: Bartlett Lofts are FHA and VA approved, meaning eligible buyers can secure financing with a low down payment. This makes purchasing a luxury loft in Downtown Los Angeles more accessible to first-time buyers and military personnel.
Prime Location: Located between Spring and Broadway, Bartlett Lofts offers easy access to numerous amenities, such as Whole Foods, Apple Tower Theatre, The Bloc, Grand Central Market, and the Los Angeles Athletic Club. This prime location allows you to fully immerse yourself in the vibrant Downtown L.A. lifestyle.
Unique Architectural Charm: Built in 1911, the Beaux-Arts architectural style of Bartlett Lofts adds a sense of historic charm and character to the building. The lofts feature original oversized industrial windows, vintage tiles in hallways, and exposed concrete floors that blend seamlessly with modern updates in the kitchens and bathrooms.
Modern Amenities: While retaining its historical charm, Bartlett Lofts also offers modern amenities for a comfortable living experience. Each unit features an updated kitchen and bathroom, as well as an in-unit washer and dryer. The building itself offers a 24-hour attended lobby, rooftop deck with panoramic views of the Downtown L.A. skyline, controlled access, and elevator service.
Pet-Friendly: Bartlett Lofts welcomes pets, allowing you to bring your furry friends with you to your new home.
Investment Potential: With a list price of $395,000 and a price per square foot of $858.70, owning a loft in Bartlett Lofts offers a great investment opportunity. The building’s historic charm, prime location, and modern amenities make it an attractive option for potential renters or buyers in the future.
This particular unit, #1109, offers 460 square feet of living space and features a modern kitchen and bathroom, stained concrete flooring, and a wall unit for air conditioning and heating. Additionally, the unit comes equipped with appliances such as a dishwasher, dryer, garbage disposal, microwave, range/oven, refrigerator, and washer.
The loft is situated on the 11th floor of the 14-story building and offers stunning city and city lights views. With a monthly HOA fee of $611.27, residents can enjoy access to the building’s amenities, including the rooftop deck, barbecue area, and security services.
Owning a Mills Act Amazing Loft in Downtown Los Angeles is an incredible opportunity for anyone looking for an affordable, luxurious, and historic living space. The Bartlett Lofts offer a unique blend of history, charm, and modern amenities, making it the perfect home for those who appreciate both the past and present. The substantial tax savings, FHA and VA loan approval, and low down payment options make purchasing a loft at Bartlett Lofts even more accessible for a wider range of buyers.
Not only does the building provide residents with unparalleled convenience due to its prime location, but it also offers a vibrant, urban lifestyle. You’ll be within walking distance of some of the best dining, shopping, and entertainment options that Downtown L.A. has to offer. The close proximity to public transportation options, such as the Metro and bus lines, makes commuting a breeze for those who work in or around the Downtown area.
As an investment, Bartlett Lofts offers promising potential for both rental income and long-term appreciation. The unique blend of historic charm and modern amenities makes these lofts highly desirable for renters seeking a distinctive living experience in the heart of Downtown L.A. The low inventory and high demand for such properties in the area further contribute to the potential for long-term appreciation.
The benefits of owning a Mills Act Amazing Loft Downtown Los Angeles at Bartlett Lofts are numerous. From the significant tax savings and financing options to the prime location and unique architectural charm, these lofts provide an affordable luxury living experience in one of the most sought-after areas in the city. Don’t miss this opportunity to own a piece of Downtown L.A.’s history, while enjoying the convenience and vibrancy of urban living.
If you’re interested in learning more about this unique property or would like to schedule a viewing, don’t hesitate to contact us today. Our team of experienced real estate professionals is ready to help you navigate the purchasing process and find the perfect loft to call home. Don’t wait – make your dream of owning a piece of Downtown Los Angeles history a reality. | MORE
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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker CalDRE 01889449. 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.