REAL ESTATE NEWS
While Downtown L.A. has been declining for several years, west L.A. real estate is booming with plenty of multiple offers streaming in. There are a few other differences between DTLA and the upscale suburban-style single family home neighborhoods on the west side. Lately, more prospective homeowners have come to believe that buying a more typical house feels much safer than an industrial or commercial condo in a gritty urban neighborhood. The real estate culture is a bit different between regular house dwellers and loft lovers. For leases, the West Los Angeles home owner landlords tend to demand two months of security deposit, while Downtown landlords usually ask for just one month of deposit. Compared to a condo, a typical house tends to be larger, cost more, require a more substantial home inspection, and more repairs. Termites, roof leaks and plumbing problems are very common among L.A. houses for sale. A house usually has various kinds of outdoor space, garage, add-ons — and unpermitted improvements are fairly common. A house tends to appeal to families with children, with whom reputable schools are a factor. While the safety-minded shall continue to spread out into West LA houses for a while, big city condominium units boast sweetening deals on nearby adult fun, individuality and new opportunities — popular with creative singles and energetic couples.
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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 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.
