Category: Events

REAL ESTATE NEWS — If you live in Downtown Los Angeles or are planning to spend your weekend in the city, you’ve likely seen or heard the alert from the Downtown Center Business Improvement District (DCBID) about the upcoming CicLAvia event. But what exactly is CicLAvia, and why should it matter to you, whether you’re a resident, investor, home buyer, or even a tourist? Let’s delve into the nuances of this iconic Sunday Los Angeles event and understand its broader implications for the city and its real estate.

The day before, a partial solar eclipse will cool down your warm-up: October 14, 2023 — Maximum eclipse: 9:24 a.m., PDT (Moon covers 78% of sun’s diameter, 71% of sun’s area).

What is CicLAvia?
CicLAvia is a non-profit organization in Los Angeles, California, that works with the city to close streets to car traffic, thereby allowing people to traverse the streets freely on foot, bicycles, skateboards, or other non-motorized means. The idea is to reclaim the streets, if only for a few hours, and turn them into a safe and fun environment for everyone. People can walk, run, cycle, skate, and experience the city like never before.

When and Where is CicLAvia 2023?
Date: Sunday, October 15, 2023
Time: 9 am – 4 pm
Locations: Multiple streets in Downtown LA, including:

Broadway between Bernard St and 7th St
Figueroa St from Venice to 7th St
7th St from Broadway to Figueroa
1st St from Broadway to Central
Central From 1st to 6th
6th St/Whittier from Central to St Louis
St Louis from Whittier to 1st St
1st St from Boyle to Evergreen

How Does This Impact Downtown LA Residents and the Real Estate Market?
Increased Foot Traffic: This is a fantastic opportunity for local businesses to attract customers. If you’re a landlord with commercial properties, this is the day to encourage your tenants to have promotions and events.
Community Engagement: CicLAvia fosters a sense of community that is often missing in big cities. Neighborhoods feel more like neighborhoods when people are out and about, mingling and engaging with their surroundings. This makes the area more appealing to prospective buyers and renters.
Quality of Life: Events like these can significantly elevate the perceived quality of life in an area. They also make for excellent selling points when you’re looking to attract homebuyers or renters who prioritize community events and outdoor activities.
Property Values: In the long term, areas that regularly host community events like CicLAvia may see a positive impact on property values. As a broker or investor, these are critical trends to monitor.
Promotional Opportunities: If you’re in real estate, use this time to host open houses or offer tours of available listings. With the increased foot traffic, you might get more walk-ins than usual.
What Do You Need to Know as a Resident or Visitor?
Street Closures: Be aware that multiple streets will be closed, affecting regular traffic flow. Plan your day accordingly if you need to drive.
Public Transport: Since there will be disruptions, using public transport could be a good idea. Metro Rail Stations along the route will be operational.
Participation: You don’t need to be a cyclist to participate. You can walk, jog, skate, or even dance your way through the streets!
Safety Measures: The DCBID’s Safe & Clean team, known as the “Purple Patrol,” will be on duty. However, participants are encouraged to follow safety protocols, including wearing helmets if cycling and maintaining social distancing as much as possible.
Tips for Landlords and Investors
Marketing: Use this event to market your properties. Capture the vibrant community atmosphere with photos and videos to use in your listings.
Open Houses: This is a golden opportunity to hold open houses and offer special incentives for attendees.
Networking: As many locals and visitors will be out and about, use the opportunity to network and spread the word about your services.
Final Thoughts
CicLAvia is more than just an event; it’s a phenomenon that embodies the spirit of community and freedom. It’s a unique selling point for a city that’s not just about Hollywood and beaches but is also deeply committed to community wellness and sustainable living. As a stakeholder in LA’s real estate landscape, understanding and leveraging such events can offer you a unique edge in an increasingly competitive market.

So whether you’re a resident, a visitor, a landlord, or a potential investor, CicLAvia is your opportunity to experience Downtown LA like never before. Don’t miss it!

For more information, you can contact the DCBID Service Center at:

640 S. Olive Street
Phone: (213) 624-2425
Email: DCBIDservices@downtownla.com
Website: www.downtownla.com
Note: This article is intended to provide value and information to home sellers, buyers, renters, landlords, and investors. For more such insights, stay tuned!

For inquiries about real estate investment opportunities in Downtown LA, feel free to contact us.

That wraps up our deep dive into CicLAvia 2023. If you found this post valuable and informative, consider sharing it with your network. This is more than just an event; it’s a testament to the evolving character and appeal of Downtown LA. Don’t miss the chance to be a part of it!

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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.