Downtown Los Angeles – Page 41

Downtown L.A. loft prices going up! How high the price goes, nobody knows.

REAL ESTATE NEWS (Los Angeles, CA) — For investors, when is the best time to buy a property? When the price is low, of course. Most Americans have been hearing that home prices are super high these days, but the national news has been largely following the average home price, dominated by skyrocketing single family homes in the suburbs over the last few years. Urban, inner city and downtown home prices mostly fell during that same period. That means Downtown L.A. and other city centers are actually at a relative low price historically, and in comparison to suburban and rural home prices. For example, some Little Tokyo Lofts at 420 S San Pedro are priced lower than they were purchased for 15 years ago.

The bottom for Downtown LA prices occurred around September of 2021. DTLA prices have risen precipitously since then. This gives us an excellent picture of the real estate market opportunities presented by LA urban home prices that dropped as many suburban home prices were simultaneously skyrocketing nationwide. The reason for the big city urban home price drop was due to a combination of long-term trends, which often differ from remote areas, plus the virus panic and hysteria of 2020-2021. Like other big city centers, Downtown Los Angeles suffered a flight of worried residents who sought to escape perceived dangers of large populations, close contact, crowds and germs. Downtowners fled to safer pastures during that time period, but things are changing. Urbanites have begun to change their thinking, and the smart money is now beginning to take advantage of relatively low condo prices in the heart of the entertainment capital.

Find out how much the loft down the street sold for. Fill out the online form:

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Breezeway, private patios and outdoor lounges bring springtime loft enjoyment to Downtown LA

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, 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. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

REAL ESTATE NEWS

The sight of the tents of the homeless in DTLA is more than just unsightly. It is a red flag of worse things to come. Coronavirus is not the only plague LA needs to worry about. All sorts of rare and uncommon third world maladies are being spread among the unhoused across Los Angeles.

As the Loft Blog has reported several years ago, an L.A. Police detective was diagnosed with typhoid fever — a rare illness usually spread through contaminated water, as reported in the LA Times. At least five other officers who work in the same station also started showing symptoms of the sickness. The six cops work in the Central Division station, where an investigation into unsafe and unsanitary conditions led to $5,000 of fines. The division covers Skid Row and downtown LA — with the officers calling for the homeless encampments to be cleaned up to stop the spread of illness. Other cases in the area have seen cops diagnosed with hepatitis A and staph infections. It’s not just first responders who are at risk. An officer could take one of these illnesses home to his/her spouse and children.

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As reported last fall by the LA Times, government officials are putting more money than ever before into finding housing for the region’s homeless population. Will it happen soon enough to save us from dire public health catastrophes? In the city of L.A. alone, Mayor Eric Garcetti is planning to spend nearly $1 billion to combat homelessness in the coming budget year, tapping huge new sources of state and federal aid, and finally ramping up construction of homes for the unhoused. NPR reports that only a regional solution will be effective. Cleaning up one encampment just pushes its occupants to move into a new location as seen in Venice Beach. #entarispowerful #DTLAHousing

Do you think the money and effort we are pouring into resolving the unhoused problem is going to work? Leave your comment here

Get the professional advantage when shopping for a loft apartment. Fill out the online form.

<a href="https://laloft.wufoo.com/forms/m70fyhf07dpo3g/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Plagues of the middle ages appearing in modern Los Angeles

Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. 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 are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.

Category: Downtown Los Angeles

Downtown Los Angeles Real Estate Bottoms, Bounces Up

DTLA Skid Row Unsanitary Tent City Spreading a Plague of Its Own

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