The landmark Higgins loft condominium building takes downtown history full circle. It was conceived in 1910 by copper tycoon Thomas Higgins and designed in the Beaux-Arts style by Architects Arthur L. Haley and A.C. Martin. Surrounding the building lay architectural masterpieces including the Caltrans headquarters, Historic LA Times building, City Hall, and the LAPD headquarters.  Owners have recently been hit by a repair charge to exterior decorations. The Higgins Building does have its benefits however in the form of Mills Act savings, and some sellers are actually paying the assessments so that the buyer might be spared a major unexpected expense.  Paying for repairs or making repairs for buyers is a well-tested element of an overall home sales plan.
Mills Act participants can realize very fruitful property tax savings. Tax savings vary by building and are based on the rental value of a given building.  Don’t
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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.