Lofts Downtown Los Angeles – Free Mobile Real Estate Tools for Your Cell Phone and SMS Text

Knowing what’s selling is good information for both sellers and buyers. See what some of the top DTLA Lofts and Condos sold for this last week.

629 Traction Avenue Los Angeles 90013 Sale Price $1,080,000. With a coveted location in Downtown L.A.’s Arts District and Little Tokyo, Mura offers stylish condominium living in a setting that can’t be beaten. Now, you can lose yourself in the city with lush landscaping and serene fountains. Private outdoor recreation areas provide places to swim, relax, and enjoy summer barbecues. Well-planned amenities include a fitness center with state-of-the-art equipment. And indoors, dramatic interiors and the finest appointments await.

849 Broadway Unit 1108 Sold for $790,000. Eastern Columbia, Broadway at Ninth– over several decades, the city’s airwaves chimed this jingle to advise Los Angeles shoppers of new arrivals and special offers at Downtown’s flagship department store. For years the tallest building on the area skyline, the Eastern Columbia Outfitting Company opened on September 12, 1930. ¨Perhaps Los Angeles’ finest example of the Art Deco era’s zig-zag moderne style, the Claude Beelman-designed tower has long captivated arts and architecture scholars. Faced in turquoise terra cotta and trimmed with deep blue and gold terra cotta, the tower’s façade features sunburst patterns, geometric shapes, zigzags, chevrons and other stylized motifs. A four-sided clock tower emblazoned in neon with the name EASTERN caps its thirteen stories.

645 W 9th Street Unit 435 sold for $710,000. Market Lofts located on the upper six levels of a newer building in the heart of DTLA, these lofts range from 695 to 1,583 square feet. With dozens of layouts, you can select the space and the city view that suits you best. The podium level features a landscaped deck with swimming pool and spa, a social room with a gourmet kitchen, a screening room, and your own fitness center.

#marketlofts #easterncolumbialofts

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Best Deals in DTLA Real Estate are Not on the Market

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.

What is the Mills Act Program?

Q: What is the Mills Act Program?
A: Economic incentives foster the preservation of residential neighborhoods and the revitalization of downtown commercial districts. The Mills Act is the single most important economic incentive program in California for the restoration and preservation of qualified historic buildings by private property owners. Enacted in 1972, the Mills Act legislation grants participating local governments (cities and counties) the authority to enter into contracts with owners of qualified historic properties who actively participate in the restoration and maintenance of their historic properties while receiving property tax relief.

Mills Act participants can realize very fruitful property tax savings each year for recently improved or purchased old properties because the valuation of a Mills Act property is determined by the Income Approach to Value rather and not by the common Market approach to calculating the appraised value. The Income Approach, divided by a capitalization rate, gives the assessed value of the property. Generally, the income potential for an owner-occupied residential property is calculated by looking at rental rates for comparable nearby properties, while the income from a commercial property is based on actual rent received. Because rental values vary greatly, the actual Mills Act historic property tax savings may vary.

Biscuitt Comany Lofts Deck — Biscuit Company Lofts Deck

Spotlighting a Mills Act property on the Market look no farther than this brilliant unit in the Biscuit Company Lofts. Designer perfect, turnkey, 2 story Penthouse at the Biscuit Company Lofts. Located in the epicenter of DTLA’s Arts District within close proximity to all of the best restaurants, coffee shops and soon to open Soho House. No expense was spared while turning this incredible residence into truly one of the finest in the neighborhood. Notable features include a private terrace with incredible West facing panoramic downtown views of the DTLA skyline, original brick walls, wood floors, stainless steel kitchen, and 2 full bathrooms. Considered one of the finest buildings in the Arts District, the Biscuit Company Lofts offers 24 hour-controlled entry, security guard, and concierge services. A resort-like swimming pool, outdoor entertaining area, fire pit, BBQ, dog walk, a two-level gym & 2 parking spaces round out this special offering. Mills-Act approved.

#MillsAct #PenthouseLoft

Would you like to know more? Mills act buildings Lofts are available now get the free list. Fill out this online form.

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Biscuitt Company Lots Pool Deck — Biscuit Company Lots Pool Deck

Category: Lofts Downtown Los Angeles – Free Mobile Real Estate Tools for Your Cell Phone and SMS Text

DTLA Lofts and Condos that Sold Last Week

Mills Act Tax Savings for Downtown LA Lofts

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