Category: condos

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Condos in Downtown Los Angeles

Downtown Los Angeles has about 50 condominium buildings with lofts and other condominiums for sale.  Coming soon are about 5 additional new construction modern high-rise condo buildings.   |   NEW CONDOS    #condos #dtla

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More than half of the condos in Downtown L.A. are in industrial or commercial buildings, transformed into live-work residential lofts under the City Los Angeles Adaptive Re-Use Ordinance. Many with New York style industrial concrete floors and columns, others with many oversized windows and brick walls, several of these historic loft condo buildings qualify for greatly reduced property taxes from the Mills Act tax benefits.

LA Loft Condos
LA Loft Condos

Of the 64 most popular rental apartment buildings in Downtown, nearly a dozen (all loft buildings) have tentative plans to sell the units some time in the future. Many #DTLA #condos have units available for lease.

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CONDOS DOWNTOWN LA  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

Corey Chambers Realty Source Inc  BRE#01889449

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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 We are not associated with the homeowner’s association 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.

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Lawsuit at Alta Lofts – Loft Litigation

More than 20% of currently listed loft buildings in the Downtown Los Angeles area are currently or recently engaged in some kind of lawsuit or litigation. Alta lofts homeowners association recently disclosed that it may soon be embroiled in litigation in the near future.

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Because these claims and disclosures are written by lawyers, and you might say “salesmen” for the law firms, they are careful to disclose the responsibilities of the homeowner’s association representatives to investigate and make repairs, but perhaps the letter neglects to include the responsibility to weigh the pros and cons of claims and litigation, including such drawbacks as inspection costs, legal and potential litigation costs, cost of possible reduced home values for up to several years, potential delays in selling properties, possible lending and refinancing issues and possible (albeit rare) loss or counter suits from developers, as well as other unexpected costs that could arise.alta-lawsuit-02

Also embroiled in this type of HOA vs developer legal action is the popular Barker Block lofts. Buyers often have difficulty getting a copy of the full litigation documentation, which also can cause some potential home buyers to get cold feet and place downward pressure on prices during the lawsuit.

There are many issues surrounding these common claims and lawsuits by homeowners associations against builder developers.  Potential buyers and sellers should consult with attorneys to understand the lawsuits, and should consult with Downtown specialist realtors to learn the practical effects of litigation on the real estate market and home values of the affected properties.

Alta Lofts Building

Find homes in Downtown Los Angeles:

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

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