Category: Homes For Sale

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Lofts For Sale Downtown Los Angeles – Off-Market and Unlisted Condos #dtla #lofts

Now that the inventory of L.A. lofts is very low, prospective owners are looking for a way to get a cool pad without always losing the perfect home to higher offers by other buyers.  By getting access to pocket listings and other unadvertised homes around Downtown Los Angeles, buyers have a better chance of success in finding the perfect place in DTLA.

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The L.A. Loft Blog has learned that a Higgins Building loft in the $300,000’s may be coming up as a pocket listing for private sale in the next few months at the classic beaux arts style historical landmark structure. The building features period ironwork hand railings, imported marble throughout hallways and iron caged elevators. Built in 1910, the Higgins Bldg is Mills Act for tax savings. The building is located in the Civic Center / Historic Core area, steps to Little Tokyo, Disney Concert Hall and right across the LAPD headquarters. Pitfire Pizza, Groundworks Coffee, Lilya’s China Bistro and Badmaash indian restaurants are on the ground level of the bldg in this nice, clean part of Downtown Los Angeles.

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LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

 

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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 home owner’s association, seller 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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1031 Exchange Downtown Los Angeles Investment Lofts and Condos For Sale

Under Section 1031 of the United States Internal Revenue Code (26 U.S.C. § 1031), the exchange of certain types of property may defer the recognition of capital gains or losses due upon sale, and hence defer any capital gains taxes otherwise due.

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A recent Forbes articles states that a 1031 exchange (also called a like-kind exchange or a Starker) is a swap of one business or investment asset for another. Although most swaps are taxable as sales, with a 1031, there will be no tax or limited tax due at the time of the exchange.

This allows the form of the investment to be changed without (as the IRS sees it) cashing out or recognizing a capital gain. That allows the investment to continue to grow tax deferred.

The new property must be found within 45 days of old property escrow close. The new property escrow must close within 180 days after the sale of the old property.

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

Rental income investment properties

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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 associated with the homeowner’s association, seller 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.