Category: los angeles lofts

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SB Grand Lofts Building Review 312 W 5th Street Los Angeles 90013

Shybary Grand Lofts Building Downtown Los Angeles Rooftop Pool
Shybary Grand Lofts are a centrally located loft community in a renovated historical building. Sometimes spelled in different ways, the Shiberry Grand is situated in the vibrant hub of the Historic Core and Gallery Row, a thriving, creative live-work enclave in DTLA. Living in this convenient area of Downtown L.A., its residents will have the opportunity to see the progression and the makings of a vibrant neighborhood. #sbgrand

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One resident was happy with the location and management team. She says, “they could not have found a better place to live.”

“The decks and pools are really nice.” one resident stated. #shybary

The Shy Barry is within walking distance of famous hotels, restaurants, theaters, and parks. It has easy access to all major freeways and is right next door to the Pershing Square Metro station. Luxury, comfort, convenience, spectacular views and entertainment are all located at the most exquisite loft homes in DTLA. It is the best of all worlds at affordable pricing.

Another tenant also found the maintenance response positive, “they saved us by fixing our fan quickly during a heatwave.” #shybary

“Big thumbs up for the location and convenience.” Stated a condo owner in the building.

Some potential down sides of the building: The units do not come with parking. Parking in the building can be rented for an additional fee. Many of the units in the building are permanently rented out, thus the building has a relatively high renter ratio, with perhaps the highest percentage of renters of any condo building in DTLA. In fact, because about 1/3 of the units are still owned by the developer Barry Shy or his affiliates, the SB Grand is one of the few condo buildings that has a leasing office in the building. The neighbors and passers-by tend to be more transient than average, leading to more potential commotion and chaos in and around the building. This is good news for investors who would like to operate an AirBNB type of short term rental, because the SB Grand has also been perhaps the most tolerant condo HOA regarding very short term rentals.

Constructed in the mid-1920s, this storied building has been updated for modern living in many facets. Units have been laid out and equipt for form and function and satisfy even the most discriminating tastes. Surrounded by the destination neighborhoods in DTLA like the financial and theater districts, the building offers excellent amenities, including a pool and Jacuzzi, fitness club, upgraded stainless kitchens and large tubs. The SB Grand is the talk of Downtown and its occupants enjoy the warmth of an urban home and the appeal of luxury lofts. It has drawn buyers from all over the United States and remains among the most “in demand” loft buildings in the area.

#entarispowerful

SB Grand an affordable downtown location. Get a free list of available units. Fill out the online form.

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By Pershing Square, in the Historic Core, SB Grand Lofts resides in a century old DTLA building

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. 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.

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Corruption on the Condo Board a Danger to Everyone

Living in a condo community means dealing with a board of your peers who are not professionals

Who is to blame when the board is out of hand? When buying an industrial loft or condo, your lender will want to see the books to ensure the building owners’ operations are on the up and up. The rules and resources of the community board provide the insight you can use to ensure your condo or loft purchase is going to be a good move. Look carefully at the minutes and interactions residents have with the board members. A Smart building board will hire a professional property management company to handle the day-to-day operations and budgeting of funds for repairs and operations.

A condominium, cooperative, or homeowners’ association elects a board for a specific purpose: to manage the community’s day-to-day business, oversee special projects, and draft and uphold the rules and regulations that keep life orderly and harmonious. Don’t forget these are just regular people with no special skills or experience. Once elected, they gain life and death powers, as seen in the recent Florida condo collapse tragedy. In fact, the board has an inflexible fiduciary duty to act in the community’s best interests as a whole. The question of whose best interest is being acted on leads to most of the conflicts seen in litigations and disputes among stakeholders and residence of a community-owned building.

This means that boards have an obligation to stay consistently on the side of good, advocating for residents and promoting neighborly well-being – and most boards do just this. Unfortunately, however, boards are made up of humans, and humans are wildly fallible. Having sampled even a morsel of power, some find themselves starving for more; oftentimes, other less malicious folks simply make mistakes, and rather than correct them, keep on stumbling down a wrong path.  #entarlovesyou

Once the board crosses over to the dark side, it can mean serious consequences for not only its members but every owner or shareholder in the building or HOA. Infighting, backstabbing, loss of funds, declining property values, and even legal consequences may well ensue if the ship isn’t righted. Attorneys caution that it is better to be proactive rather than litigious with your board, a court case would be expensive to prosecute and yield uncertain results. #industriallofts

Seek legal advice from a real estate attorney get a free list. Fill out the online form.

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Be proactive with your community board to avoid disasters like we have seen recently

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. 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.