Category: Downtown Los Angeles Businesses

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Downtown Los Angeles Lofts – Why Buying is the Right Choice.

630 W 6th Street court yard
630 W 6th Street court yard

The Cost of NOT Owning Your Home

Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.

Zillow recently reported that:

“In reality, buying or renting a home is an intensely personal decision, with emotional and even financial considerations that go beyond whether to invest in this one (admittedly large) asset. Looking strictly at housing market numbers, there is a concrete point at which buying a home makes more financial sense than renting it.”

What proof exists that owning is financially better than renting?

  1. We recently highlighted the top 5 financial benefits of homeownership:
  • Homeownership is a form of forced savings.
  • Homeownership provides tax savings.
  • Homeownership allows you to lock in your monthly housing cost.
  • Buying a home is cheaper than renting.
  • No other investment lets you live inside of it.
  1. Studies have shown that a homeowner’s net worth is 44x greater than that of a renter.
  2. Just a few months ago, we explained that a family that purchased an average-priced home at the beginning of 2017 could build more than $48,000 in family wealth over the next five years.
  3. Some argue that renting eliminates the cost of taxes and home repairs, but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment– along with a profit margin!! #LOFT #DTLA

Bottom Line

Owning your residence has always been, and will always be, better from a financial standpoint than renting.  Now you understand the value of owning have a look at this downtown Loft located at: 630 W 6th Street  Los Angeles, CA 90017

Location! Location! Location! This desirable demanding condominium is in the heart of Down Town Los Angeles. Right next to the Library. Conveniently living around shopping, restaurants, offices, public library and transposition. This sleek turnkey unit includes stainless steel appliances and one parking space. Amenities include GYM, Media Room, Sundeck and 24/7 concierge. It is offered to sale as it is condition. The entire complex was renovated in the late 1990’s

For more guidance in shopping for a Downtown Los Angeles Loft sign up for a free list of available properties.  Fill out the request form here

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630 W 6th Street interior
Awesome interior

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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Downtown LA Top Lofts For Sale, Condos For Sale, Loft Condos For Lease and Apartments

Top Picks: Downtown Deals and Steals

As prices continue briskly skyward in Downtown Los Angeles, prospective new Downtowners are looking for the best deal possible. The L.A. Loft Blog is today providing the best real estate news in the form of the top picks in condos for sale, lofts for sale, lofts for lease and the top choice of apartments for lease. Here’s this week’s top pick in each of these four categories:

Bunker Hill Loft High Ceilings and Polished Concrete Floors

Best Deal on a Condominium For Sale – This week’s top pick on a Downtown condo for sale is a lofty one! The Bunker Hill Loft is the only loft-style renovation at the well-known luxury high-rise Bunker Hill Tower.  As the most hip condo unit for sale today in Downtown L.A., with polished concrete floors and raised high ceiling, the Bunker Hill Loft is also the lowest price per square foot of all Downtown high-rise condos with a view. Visit www.BunkerHillLoft.com.  DETAILS AND PHOTOS or get 24-hour recorded information by calling 1-800-791-4541 ID#2305.

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beacon-lofts-407-open-kitchen-02

Top Pick on a Loft Rental – This authentic live-work Beacon loft has open floor plan, bright south-facing windows with views of Arts District street art, bringing the greatest combination of gritty and pritty. It also features a modern kitchen and bathroom. The polished concrete metallic epoxy floor and concrete features give awesome industrial character — all for the lowest price of any loft in the Art District.  DETAILS AND PHOTOS or get 24-hour recorded information by calling 1-800-791-4541 ID#1407.

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flower-410

Best Deal on a Loft For Sale – Flower Street has long been the best-kept secret, most authentic industrial loft and best deal in the South Park neighborhood of Downtown LA. This loft just listed has a view, open space, palatial ceiling height, views, large bathroom, walk-in closet, modern kitchen and every other feature one could want, just a block away from the most exciting place on Earth, LA LIVE.  DETAILS AND PHOTOS  or get 24-hour recorded information by calling 1-800-791-4541 ID#1040.

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garey-building-open-square

Top Pick on a Downtown Apartment Rental – Most new construction rental apartments in Downtown bring a yawn at best, while one new apartment complex stands out from the crowd for its creative location and appropriate design. The Garey Building replaced the demolished iconic Megatoy building, which is sad, but the developers did not skimp on the design of the new large apartment complex. With a combination of brick-clad street level retail, and modern apartment atop, the Gary Building also includes its own large walk-through promenade that helps to connect the temples of Little Tokyo to the modern creativity and modern excitement of todays Arts District. Get on the interest list. Fill out the online form:

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Copyright © 2016 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 necessarily 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.