Newberry Downtown Loft

At 900 E 1st St, Los Angeles, CA 90012, Industrial Charm Meets Modern Living in Downtown L.A.’s Arts District

REAL ESTATE NEWS (Los Angeles, CA) — Nestled in the vibrant Arts District of Downtown Los Angeles, Newberry Lofts is a stunning example of industrial architecture transformed into contemporary living spaces. Once the main warehouse for J.R. Newberry Co., a Los Angeles grocery store chain, this historic building has been converted into spacious, unique lofts that cater to the creative individuals drawn to this dynamic neighborhood. In this blog post, we’ll delve into the rich history of the Newberry Lofts, explore its stylish features, and discuss why it’s the perfect place to call home in the heart of the Arts District. | MORE

A Rich History: The Origins of Newberry Lofts

The Newberry Lofts building is a significant part of Los Angeles’ history, as it was originally the main warehouse for the J.R. Newberry Co. This grocery store chain, which housed a candy store, blacksmith shop, and restaurant, was founded by J.R. Newberry, a pioneering entrepreneur who played a vital role in the development of the city. In addition to his grocery business, Newberry was one of the organizers of the Merchants and Manufacturers Association, one of the first directors of the Chamber of Commerce, and a key player in bringing the Santa Fe Railroad to the area. The building is eligible under Criterion C as a representative example of industrial warehouses at the turn of the century. Some of the beautifully renovated lofts feature exposed brick walls, floor to ceiling windows, city views, granite kitchens, baths and elegant lighting.

The building’s location, close to the Atchison Topeka & Santa Fe Railroad rail yards, and its architectural features, including its simple plan, relatively plain wall surface, random placement of the fenestration, and use of brick as a construction material, make it eligible for recognition under Criterion C of the U.S. National Park Service. This designation acknowledges the Newberry Lofts as a representative example of industrial warehouses at the turn of the century.

Stylish Living in the Arts District

The Newberry Lofts building has been thoughtfully renovated, offering unique loft spaces that retain the original charm of the warehouse while incorporating modern amenities. Each unit features exposed brick walls, floor-to-ceiling windows, and sweeping city views. The spacious, open living areas provide tenants with the freedom to bring their creativity to life and customize their space according to their preferences.

Some units have been upgraded with all-electric kitchens, updated bathrooms, durable concrete floors, and industrial heating and air conditioning systems. The lofts’ high ceilings, large wooden beams, and accent brick walls further emphasize the building’s historic charm.

As the building has been home to many students of the nearby Southern California Institute of Architecture, the units vary greatly in their level of modification and upgrades. This diversity in design adds to the unique character of the Newberry Lofts community.

Living in the Heart of the Action

Located just two blocks from the Southern California Institute of Architecture and within walking distance of Little Tokyo Village, Newberry Lofts is ideally situated for those who appreciate art, culture, and convenience. Residents have easy access to the 101 Freeway, as well as a plethora of nearby grocery stores, restaurants, and shopping options.

Tenants on the upper floors of the building can relax and soak in the stunning city views, all while living in the center of the highly desirable Arts District. The area boasts a thriving creative scene, with galleries, studios, and performance spaces at every turn.

Amenities and Pet-Friendly Living

The Newberry Lofts management understands the importance of providing a comfortable living environment for both tenants and their pets. Dogs and cats are now accepted, subject to management rules. This pet-friendly policy ensures that residents can enjoy the company of their furry companions in their stylish loft homes.

Parking is available for tenants, with some units even including parking as part of the lease. This added convenience makes living in the bustling Arts District even more attractive for prospective renters.

Experience Newberry Lofts for Yourself

While the Newberry Lofts building may have some downsides, such as inadequate insulation and noise transmission between units, the charm, history, and prime location of these lofts far outweigh these minor inconveniences. Most of the windows are merely standard size, which may not let in enough natural light for some of the very large, deep loft units. Some of the lower units may require additional lighting to be added to the back, but the top floor units tend to have skylights with extra abundant natural light. The industrial design, coupled with the creative energy of the Arts District, provides a unique living experience that caters to a diverse array of tastes and lifestyles.

If you’re seeking a one-of-a-kind living space in the heart of Downtown Los Angeles, Newberry Lofts may be the perfect fit. With its blend of historic charm and modern amenities, this converted warehouse offers a truly exceptional living experience. And with its close proximity to the Southern California Institute of Architecture, Little Tokyo Village, and a wealth of cultural attractions, you’ll never be far from the action.

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Newberry Lofts 900 E 1st St #206 | #210 | #214 | #301 | #305 | #312

To see Newberry Lofts and other Arts District lofts for lease, call (213) 880-9910 to schedule a viewing. Don’t miss your opportunity to make your home in one of Los Angeles’ most dynamic and creative neighborhoods.

Newberry Lofts is a shining example of how historic buildings can be transformed into modern, stylish living spaces that cater to the needs of today’s urban dwellers. Its rich history, distinctive architectural features, and prime location in the heart of the Arts District make it an attractive option for those seeking a unique and inspiring place to call home. With its blend of industrial charm and contemporary amenities, Newberry Lofts offers a truly unparalleled living experience in the heart of Downtown Los Angeles.

Get a free list of Arts District lofts for lease or for sale. 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 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.

Downtown Los Angeles Real Estate Market Report March 2023

A Comparative Analysis of Downtown Los Angeles Real Estate Market: March 2022 vs. March 2023

In this blog post, we will analyze and compare the Downtown Los Angeles real estate market for March 2022 and March 2023. By examining the data from both periods, we aim to provide valuable insights into the performance of the market and the trends that emerged over the course of a year. Let’s dive into the data and draw some conclusions.

Market Overview:

March 2022:

  • Number of Sold Listings: 69
  • Average Days on Market (DOM): 34
  • Median DOM: 20
  • Low Price: $225,000
  • Median Price: $600,000
  • High Price: $6,600,000
  • Average Price Total: $784,886
  • Average Price/Sq.Ft.: $683.94
  • Median Price/Sq.Ft.: $627

March 2023:

  • Number of Sold Listings: 30
  • Average Days on Market (DOM): 53
  • Median DOM: 23
  • Low Price: $300,000
  • Median Price: $612,500
  • High Price: $1,400,000
  • Average Price Total: $729,276
  • Average Price/Sq.Ft.: $651.35
  • Median Price/Sq.Ft.: $650

Key Comparisons:

  1. Number of Sold Listings: In March 2023, there was a significant decrease in the number of sold listings, with only 30 sales compared to 69 in March 2022.
  2. Average and Median Days on Market (DOM): The average DOM increased from 34 days in March 2022 to 53 days in March 2023, while the median DOM saw a minor increase from 20 to 23 days.
  3. Prices: The low price increased from $225,000 in March 2022 to $300,000 in March 2023, while the median price experienced a slight increase from $600,000 to $612,500. The high price, however, dropped significantly from $6,600,000 in March 2022 to $1,400,000 in March 2023.
  4. Average Price/Sq.Ft. and Median Price/Sq.Ft.: The average price per square foot decreased from $683.94 in March 2022 to $651.35 in March 2023, and the median price per square foot also decreased from $627 to $650.

Conclusion:

The Downtown Los Angeles real estate market experienced some noteworthy changes between March 2022 and March 2023. The most significant of these was the decrease in the number of sold listings and the drop in the high price. Additionally, the average DOM increased, indicating that properties took longer to sell in March 2023. Prices saw both increases and decreases, with the low and median prices rising and the high price declining. The numbers are based on real estate agent Multiple Listing Service statistics for Downtown Los Angeles and nearby loft neighborhoods MLS areas 23, 42 and 1375.

These varying numbers are consistent with previous Loft Blog projections of stagflation, which is continued consumer price inflation combined with economic stagnation. The median price increased slightly, while the average price dropped more substantially. The numbers reinforce the notion of bifurcation in the market, where the rich are getting richer while the poor are getting poorer. Overall, the market is affected by rising interest rates, which slow the overall real estate market nationwide.

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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.