What’s Wrong With Downtown Lofts – Special Update #dtla #problems

While all Downtown loft buildings have issues that prospective buyers want to be aware of, the Downtown real estate market is having just a bit of a lull currently due to the relatively high prices as compared to a few years ago. It’s scary for some — an opportunity for others.

Raw lofts and fixers in Downtown LA

On top of that, people are scared of the upcoming election, and not it’s the holiday season, the only slow season for Downtown. In addition to Skid Row and nearby homeless, many loft and condo buildings also have real problems such as lawsuits and financing problems. The good news is that, even with its drawbacks, Downtown keeps outperforming expectations. Here’s just a few of the issues that buyers should know about:

1100 Wilshire – Lawsuits, reduced maintenance. Dwindling reserves. Views soon blocked.
655 Hope – Claustrophobia. Windows don’t open. No guest parking.
Alta Lofts – Notice of claim – HOA to sue developer – construction defects. Theft.
Barker Block – Lawsuit settled for construction defects.
Bartlett Building – No parking space included.
Barn Lofts – Free street parking is going away.
Beacon Lofts – Nobody knows what it is. No staff.
Biscuit Company – No metro nearby. Getting hard for guests to park.
Bunker Hill Tower – High HOA dues. No washer-dryers in most units.
Concerto Lofts – Lawsuit. HOA suing developer – construction defects.
Cornell Building – Most parking spaces are a block away in skid row.
Douglas Building – Most units have no parking. No guest parking.
Eastern Columbia – Parking lawsuit. High HOA does. Views being blocked.
Eckardt Building – Most parking spaces are a block away in skid row.
El Dorado Lofts – No amenities. Nobody’s heard of it. Don’t own parking.
Elleven Lofts – No fitness center. Shares pool and courtyard with Luma.
Evo – Lawsuit. HOA suing developer for construction defects.
Flower Street Lofts – No views and losing views. HOA dues rising.
Glen Donald Building – Not in Downtown. Dirty neighborhood.
Gallery Lofts – Construction next door.  Mostly no views.
Grand Avenue Lofts – No character. No amenities.
Higgins Building – High HOA. Special assessment. No parking. No amenities.
Library Court – No character. Most have no views. Litigation.
Little Tokyo Lofts – Homeless shelters next door.  Leak concrete. Mental clinic in building.
Luma – Losing views. Glut. Expensive. Construction nearby. Litigation.

New condos by the river suffer from freeway noise


Market Lofts – No character. Unfriendly security.
Metropolis Los Angeles – Not finished yet.  Expensive.  China company.
Molino Lofts – Some units not updated. Nearby construction.
Mura Condominiums – Not a loft. Oppressive rules.
Oceanwide Plaza – Not built yet. Stuck in big event traffic.
Ostrich Farm Lofts – Far away.  Out in the tulies.
Pan American Building – Nothing for sale.  Nobody has heard of it.
Promenade Condominiums – The 80s called. They want it back.
Promenade West – Expensive.  High HOA dues.
Puerta Del Sol – Disrepair. Nothing to walk to.  Freeway. Black lung disease?
Ritz Carlton Residences – Expensive HOA. Hotel nuisance. Mandatory valet parking.
River House – Freeway noise. Blah architecture. Prowling coyotes. River bums.
Rowan Lofts – High HOA dues. Most have no views. Don’t own parking.
Santee Village – Most parking spaces are a block away in skid row.
Savoy Condominiums – Not a loft. No character. Some have no views.
SB Grand – Loiterers, renters galore. HOA financials incomplete. Many issues.
Skyline Condominiums – 1980 wants its condos back.
Sky Lofts – No pool. High HOA dues. Construction noise.
SL70 – Not in Downtown. No pool.
Ten50 – Not completed yet.  Cramped floorpans. No microwave oven.
Teramachi Homes Senior Condos – Gotta be a senior age 55+.
Textile Building – Nothing really available.  Can’t lease it out.
Title Guarantee – Canceled. Nothing for sale.
Tokyo Villa Condominiums – 1979 wants it back. Weird koi pond courtyard. Outdated.
Toy Factory – No metro nearby. Slowly losing its street parking. No guest parking.
Toy Warehouse – Noisy floors and thin ceilings.
Vero – Not in Downtown. No character. Most have no views. Thin walls.

Report problems and fixes:  Call (213) 880-9910 or email update@laloftblog.com

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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449  Not associated with the homeowner’s association, seller or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.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.

Based on information from the Association of REALTORS®/Multiple Listing as of [date the AOR/MLS data was obtained] and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Downtown LA Lofts, Condos and Apartments For Lease – Top 10 in Amenities #dtla

Top 10 Best Rentals in Downtown Los Angeles for Amenities #apartments

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Living in a big city can be stressful, so Downtown residents want to live comfortably in a place where they can relax and maintain mental and physical well being while reducing stress. Full amenities can help achieve these goals by providing feeling of safety from 24-hour security, safe parking space with covered, gated parking, helpful hand from a front desk concierge, exercise and relaxation from a pool and hot stub spa, along with the social gathering and work efficiencies of a recreation and meeting room.

The following list includes the rental lofts, condo rental and apartment buildings with the greatest amenities:

1100 Wilshire – 1100 Wilshire Blvd, 90017     1100Lofts.com
Barker Block – 510 S Hewitt St & 530 S Hewitt St, 90013    BarkerBlockLA.com
Biscuit Company – 1850 Industrial St, 90021    BiscuitLoft.com
Bunker Hill Tower – 800 W 1st St, 90012    BunkerHillTowerLA.com
Concerto Lofts – 901 Flower St, 90015    ConcertoLoft.com
Cornell Building – 746 S Los Angeles St, 90014    CornellBuilding.com
Eastern Columbia – 849 S Broadway, 90014    EasternColumbiaLoft.com
Eckardt Building – 738 S Los Angeles St, 90014    EckardtLoft.com
Elleven Lofts – 1111 S Grand Ave, 90015     EllevenLoft.com
Evo – 1155 S Grand Ave, 90015     EvoLoftsLA.com
Little Tokyo Lofts – 420 S San Pedro St, 90013     LittleTokyoLoftsLosAngeles.com
Luma – 1100 S Hope St, 90015     LumaLoft.com
Market Lofts – 645 W 9th St, 90015     MarketLoftLA.com
Metropolis Los Angeles – 8th Street and Francisco    LosAngelesMetropolis.com
Molino Lofts – 500 Molino & 530 Molino St,  90013    MolinoLoft.com
Mura Condominiums – 629 Traction Ave, 90013     MuraLosAngeles.com
Ocenwide Plaza – 1100 S Figueroa St, 90015     OceanwideDTLA.com

Promenade Condominiums – 121 S Hope St, 90012    CondoPromenade.com
Promenade West – 880 W. 1st St, 90012     PromenadeW.com
Ritz Carlton Residences – 710 W Olympic Blvd, 90015   RitzyLofts.com
Rowan Lofts – 460 S. Spring St, 90013       RowanLoft.com
Santee Village – (See Eckardt, Cornell and Textile)
Savoy Condominiums – 100 S Alameda, 90012    SavoyLosAngeles.com
SB Grand (Shybary Grand or Shy Barry Grand) – 312 W. 5th St, 90013   SBGrand.com
Skyline Condominiums – 600 W 9th St, 90015    SkylineCondoLA.com
TEN50 – 
1050 South Grand Ave, 90015    LATen50.com
Teramachi Homes Senior Condos – 267 S. San Pedro St, 90012   TeramachiHome.com
Textile Building – 315 E 8th St, 90014    TextileLoftLA.com
Toy Factory – 1855 Industrial St, 90015    ToyFactoryLoft.net

Vero – 1234 Wilshire, Los Angeles CA    VeroLoft.com

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RENTAL LOFTS AND APARTMENTS  (213) 478-0499  LAloftTour.com
717 Olympic
– 717 W Olympic Blvd, 90015
8th and Hope – 801 S. Hope St, 90017
Apex – 900 S Figueroa St, 90015
Avant South Park – 1360 S. Figueroa St, 90015  AVANTdowntown.com
Artisan on 2nd – 601 E 2nd St, 90012
Brockman Lofts – 530 W 7th St, 90014
Canvas L.A. – 138 N Beaudry Ave, 90012
Eighth and Grand – Grand Ave, 90017
Emerson – 225 S Grand Ave, 90012
Garey Building – 905 E 2nd St, 90012     GareyBuilding.com
Gas Company Lofts – 810 S Flower St, 90017
L.A. Loft Tour – (213) 478-0499  http://www.LAloftTour.com
LEVEL DTLA – 888 Olive St, 90015  http://www.LEVELDTLA.com
Medici – 725 S Bixel St, 90017
Mercantile Lofts – 620 S Main St, 90013
Metropolitan – 315 West 5th Street, 90013
Mozaic at Union Station – 888 N Alameda St, 90012
One Santa Fe – 1 Santa Fe, Los Angeles, CA 90012
Orsini Apartments – 550 N Figueroa St, 90012
Pacific Electric Lofts – 610 S Main St, 90014
Packard Lofts – 1000 S Hope St, 90015
Pegasus – 612 S Flower St, 90017
Piero – 312 E 12th St, 90015
Promenade Tower – 123 S Figueroa St, 90012
Roosevelt Lofts – 727 W. 7th St, 90017
Santee Court – 716 S Los Angeles St, 90014
SB Grand – 312 W. 5th St, 90013
Visconti – 1221 W 3rd St, 90017
Watermarke Tower – 705 W 9th St, 90015

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To see any of the above buildings, contact:

Corey Chambers, REALTOR®
(213) 880-9910
corey@laloft.org
http://www.LAloftBlog.com

L.A. Loft Blog, 200 N. San Fernando Rd., #119, Los Angeles, CA 90031
Corey Chambers is a Realtor®, and member of the Top 6 award-winning, 5-Star Yelp rated team. Realty Source Inc DRE#01889449

Copyright L.A. Loft Blog.  This free information provided courtesy Corey Chambers, Realtor, Realty Source Inc, BRE#01889449 We are not necessarily associated with the homeowners association, seller or developer. For more information, contact (213) 880-9910 or visit DowntownLosAngelesLoft.org.  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 of if buyer or seller is already under contract with another broker.