The SB Grand, also known as the Shybary Grand, was once among the most troubled condominium loft buildings in Downtown Los Angeles. Things have changed. The building that at one point could only be purchased for all cash (due to mixed-use commercial, high renter ratio, previous litigation and incomplete financials) can now be financed with as little as 10% down. #sbgrand #dtla
With glimmering new modern crystalline ceiling lamps in the now bright, uplifting lobby, the handsome historic building is now gazed upon fondly by the upper-crust patrons of the upscale rooftop restaurant lounge across the street called Perch.
Also known as the Shy Barry Grand, the building has its own notable rooftop with swimming pool, hot tub spa and sun deck with glorious views drenched in southern California sunshine. With some of the lowest homeowners association HOA dues of any downtown Los Angeles loft building, SB residents can add rented optional parking in the building and still pay less than the average HOA dues in downtown Los Angeles. Friendly 24-hour security front desk concierge, and countless walkable restaurants, bars, pubs, shopping, entertainment (and metro station right next-door), the SB Grand is unsurpassed in urban conveniences. Being on the path between Skid Row and the Pershing Square Metro Station, the building still suffers from a large number of homeless loitering and hubbub on the sidewalks outside, as well as the unusually large numbers of cigarette-flinging renters in the mixed-use condominium building. Those who enjoy urban environment and energy are very fond of the Shy Barry grand lofts. There is a nice-sized 860 sq ft live/work industrial-style open loft unit with high ceilings and balcony listed at $425,000. DETAILS
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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.