Category: Downtown Los Angeles

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Arts District Live/Work Loft Upscale Luxury Condo Unit Coming Up For Lease – 1850 Industrial St #514 Downtown Los Angeles

Biscuit Lofts For Lease Downtown L.A. | BiscuitLoftLA.com

Unlock the Ultimate Luxury Experience: Inside Downtown LA’s Most Historic Loft – Unit 514 Awaits

Considered by many to be the best historic loft building in Downtown Los Angeles, The Biscuit Company Building is steps away from world-class dining and shopping. With its views, open space and upgrades, unit 514 is one of the most sought-after units in the building. Readers of the L.A. Loft Blog get the scoop!

Welcome to Downtown Los Angeles’ historical gem – The Biscuit Company Lofts. Here, we reveal the expected arrival of unit 514 for lease, a luxurious live/work loft condo that exemplifies the blend of classic history with modern luxury. Nestled in the heart of the bustling Arts District, this unit promises more than just a living space. It offers an experience, and we’re told it’s coming soon.

A Brief on The Biscuit Company Building The Biscuit Company Building, originally conceived as the west coast headquarters of the National Biscuit Company in 1925, is a testament to architectural brilliance. Designed by EJ Eckel, a pioneer of American architects, the building was converted from an old biscuit factory into what is now considered by many to be the best historic loft building in Downtown Los Angeles. Its remarkable transformation has made it a benchmark project referenced worldwide. The building has won accolades for striking a perfect balance between preserving its original charm while infusing modern conveniences and designs.

Why Unit 514 Stands Out Set within this award-winning conversion, unit 514 extends across nearly 1,200 square feet, ensuring an open, airy ambiance with a seamless flow from one space to the next. Its distinctive features include:

  • Large windows that flood the loft with natural light, fitted with remote-controlled electric blackout roll-up shades.
  • High ceilings accentuated with upgraded remote-controlled art gallery lighting.
  • Original exposed brick walls, concrete pillars, and pristine hardwood floors that narrate stories of the past.
  • A contemporary kitchen equipped with top-tier stainless steel appliances and sleek cabinetry.
  • Updated bathroom boasting a lavish marble shower tub.

The unit further benefits from state-of-the-art amenities, including high-speed internet access, a Bosch 300 Series washer-dryer, air conditioning, and heating.

Amenities – Beyond Living The Biscuit Company Lofts doesn’t just offer residences; it provides a lifestyle. Residents have access to:

  • A stunning 75-foot saline lap pool bordered by Silver Sollar Eucalyptus trees.
  • A fully-equipped fitness center.
  • A cozy fire pit and BBQ area for evening relaxation or weekend get-togethers.
  • Round-the-clock attended entrance, package reception, and security concierge.
  • A stylish modern lobby that stands as a testament to contemporary design.
  • Two expansive industrial-size freight elevators.
  • Subterranean assigned parking spaces, ensuring the safety of your vehicles.

Furthermore, pet lovers rejoice! The building is entirely pet-friendly, which means your furry companions are always welcome. 🆕 We understand that the floor has also been ✨ improved since these photos and videos were taken. 🔨

The Vibrant Neighborhood Situated on 1850 Industrial Street, unit 514’s locale is as charismatic as its interiors. You’re just steps away from world-class dining options, chic coffee shops, wine stores, and boutique shopping destinations. The pulsating energy of the Downtown Los Angeles Arts District ensures that there’s always something happening right around the corner.

See For Yourself Interested in witnessing the grandeur of unit 514 and the Biscuit Company Lofts? Request a tour and experience firsthand the perfect amalgamation of history, luxury, and contemporary living. Also, if you’re keen on exploring more historic industrial live/work lofts in Los Angeles, simply fill out our online form and let us curate a list tailored just for you.

Tour the Interior For further details, photographs, and any queries, please contact 213-880-9910 or visit LALoftBlog.com. At BiscuitLoftLA.com, we believe in offering not just homes but experiences. Come, be a part of our community. Request an early viewing of this and other unlisted lofts for rent in Los Angeles. | DETAILS AND PHOTOS | VIDEO | REQUEST A TOUR

Get a free list of historic industrial live/work lofts in Los Angeles. Fill out the online form:

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker, DRE 01889449. We are not associated with the homeowner’s association or developer. For more information, contact 213-880-9910 or visit BiscuitLoftLA.com Licensed in California. Text has been enhanced with AI. 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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Downtown Los Angeles Real Estate Market Report July 2023

Comparative Analysis of Downtown L.A. Property Sales Data: July 2022 vs July 2023

REAL ESTATE NEWS (Los Angeles, CA) — The dynamics of the Downtown Los Angeles real estate market have been fascinating over the past year. Comparing the data for July 2022 and July 2023 reveals interesting trends that both buyers and sellers can learn from. While some aspects of the market remained steady, others displayed considerable fluctuations, reflecting the broader economic trends and consumer behavior influenced by various factors, including persistent price inflation, pesky pessimism and a sideways economy.

Sales Volume and Prices

One of the most notable differences between July 2022 and July 2023 is in the number of properties sold. In July 2022, a total of 59 properties were sold, compared to 32 in July 2023, marking a significant decrease in sales volume. This reduction could be attributed to several factors, including changes in market demand, alterations in financing conditions, or shifts in consumer sentiment.

When we examine prices, the median sale price increased from $629,000 in 2022 to $686,000 in 2023. Interestingly, despite the lower sales volume in 2023, the market displayed robust growth in terms of prices. This suggests that while fewer properties changed hands, those that did attracted higher prices.

It is worth noting that the price per square foot also saw a slight reduction from $683.14 in July 2022 to $651.22 in July 2023, pointing towards a potential preference shift towards larger properties among the buyers.

Days on Market (DOM)

The average DOM, a measure of how long listings stay on the market before they’re sold, showed a marked shift between July 2022 and 2023. While specific figures aren’t provided, the breakdown percentages reveal the time properties spent on the market.

In July 2022, the majority of the properties (62.71%) sold were on the market for 0-30 days, indicating a fast-moving market. In July 2023, however, this percentage dropped slightly to 53.13%. There was an increase in properties that took longer to sell, specifically those in the 61-90 days bracket, going up from 6.78% in 2022 to 18.75% in 2023. This longer selling time may be a reflection of the decreased sales volume and could suggest a more balanced or even buyer-favored market.

Percentage of List Price Received

The average percentage of the list price received, a crucial metric for sellers to understand how much they might need to negotiate, remained relatively stable. In July 2022, the average Sold Price (SP) to List Price (LP) ratio was 97.97%, reducing slightly to 97.77% in 2023. Despite the overall cooling of the market indicated by the reduced sales volume and longer DOM, sellers were still achieving close to their asking prices. This persistence of high SP to LP ratios even with slower sales suggests that property values in Downtown Los Angeles remain resilient, and there is a consistent demand for properties.

Total Sales Volume

Rising interest rates, uncontrolled inflation and economic stagnation combine to create a relatively blah real estate market for DTLA. In terms of total sales volume, July 2022 recorded a significantly higher figure, with a total of $52,040,300 worth of properties sold. In contrast, July 2023 saw a total sales volume of $23,259,888. This decrease is consistent with the reduction in the number of sales and potentially indicates a more cautious or constrained market in 2023.

While the Downtown Los Angeles real estate market showed signs of slowing in terms of sales volume and the pace of sales in July 2023 compared to the same period in 2022, it remained strong in other areas. Property prices, especially the median price, showed an uptrend, and sellers were still able to achieve close to their asking prices. This suggests that even as market conditions shift, Downtown Los Angeles continues to be a desirable location with enduring demand.

Get a free list of Mills Act historic lofts for sale or for lease in Los Angeles. Fill out the online form:

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker DRE 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. Text and photos created or modified by artificial intelligence. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.