The Mills Act Tax Benefits – How to Make Your Forever Home a Reality, Aging in Place

Mills Act Lofts Like Little Tokyo Lofts offer a tax advantage you could use to renovate for Age in Place options

DTLA lofts ideal Age in Place renovation projects.

Aging in Place is when a person or couple makes a thoughtful decision to stay in the place of their choice for as long as they can with the comforts that are important to them. As they age, these may include adding supplementary services to facilitate their living conditions and maintain their quality of life.

Industrial Lofts offer ideal floor plans for this trend in a renovation.  Home owners are looking to invest in their forever homes.  Long term renovations need to take into considerations mobility for the elderly resident.

A loft’s open floor plan and lack of load-bearing walls allow for just this kind of renovation planning.  It revolves around ease of access from kitchen counter height to wider doorways and roll-in roll-out shower facilities.  Buying your forever home means planning that far ahead to ensure you can stay in your forever home. #entarlovesyou

You may be thinking about a few indoor extreme sport upgrades for now like the trampoline to take advantage of the volume of usable height, or a bespoke skateboard ramp along with the always popular digital driving range to work on your golf swing. A smart move is to look for a Mills Act Loft such as Little Tokyo Lofts. The Tax savings could be used towards your long-term renovation plans as described in the Age in Place plan.

Aging in place successfully means you plan for your future years before it becomes urgent and life-changing. This endeavor requires a person to provide for and choose and identify preferences clear to friends and family. This planning does not mean that you need to do everything yourself. You can choose to do as little or as much as you want, can, and are capable of. Resources and technology, such as medical alert systems, allow seniors to live at home safely for a much longer period of time. One way to finance this kind of plan is to buy an industrial loft in a Mills Act Building.

Little Tokyo offers fun festivals and cultural diversity.

Considering an Arts District loft for you forever home offers the best in services and facilities you find convenient now and will rely on to stay independent as an older adult.  Delivery of groceries, meals, and pharmacy needs in an hour.  Ride services, onsite recreation, and walk to restaurants.  Medical services within easy reach can keep you independent and happy in your own home for a longer period of time.

The loft you add now as a work-from-home or WFH office can become a crash pad for the grandkids.  It could later accommodate a live-in assistant as needed.  Your fast-moving life is just that AARP card in the mail is just the warning shot. Be proactive in ensuring you can enjoy your loft far into the future.  “The hours are long but the days are short,” Gretchen Rubin. #millsactlofts

Little Tokyo Lofts on the market now get list of what’s available. Fill out the online form.

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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.

The Bartlett Building Lofts Review 215 W 7th St, Downtown Los Angeles 90014

Bartlett Building Reviews Downtown Los Angeles Historic Core

Bartlett lofts condominium building in the Historic Corey of Downtown Los Angeles offers the most central location to shopping, walking, dining and entertainment — and it also the most central to friends who live in other loft buildings in DTLA. The beautiful historic building offers its owners substantial property tax savings because The Bartlett is an approved Mills Act historic building. This review shares some of the pros and cons of the building for prospective buyers, renters and investors who would like to do some due diligence before taking a look at Bartlett loft units for sale of for lease.

This great historical building stayed meticulously clean, has a well maintained rooftop and attentive security. While is a busy, loud area, the Bartlett is a relatively quiet condo building where renters can deal directly with individual owners instead of corporations. The units only have single pane glass windows, so the street noise does come through, especially in units that are close to 7th street. They will hear city noise like sirens, and street people yelling at all hours. Some residents find the big city noise comforting.

The Bartlett building has some really nice loft units. The busiest street in Downtown Los Angeles, some parts of 7th street are occasionally run down, dirty, chock full of homeless, mentally people, substance abusers and plenty of miscellaneous big city weirdos. Spring Street is emerging, and has some great restaurants, but the outside environment, including the sketchy parking lot across the street can give a bad vibe. The overall building feels old and outdated to some. The rooftop is definitely the best part, though there is no pool. The lack of amenities also puts the Bartlett behind some buildings in the area, including the SB Grand. The experienced Bartlett security concierge doormen and staff have a great reputation, but some say that there is no real sense of community. Those who live in a unit on the alley with no light and on a low floor max find it a bit rough, with occasional alley noise. Most residents agree that the neighbors in the Bartlett are generally quiet most of the time.

Many say that the neighborhood can be a bit loud outside, but it’s Downtown Los Angeles. It’s not a suburb. The building is often considered to be great, the neighbors are great, the staff helpful.

Parking in the area is expensive at around $200 per month, and parking in the building is even more expensive at around $250 per month. In such a busy location, parking will always will be pricey. Consider that when thinking about Downtown Los Angeles. Parking can be ridiculous by many standards. Some residents get rid of their car though. They Uber if they need to drive, or use the bus or train.

For cable TV and internet, Time Warner service has gone up to 300Mb/s for slightly less than $90. They may have gigabit for the same price now. Spectrum and AT&T offer phone and internet too.

Pets are popular at the Bartlett Building. Dogs tend to be happy campers, as they are usually appreciated by the neighbors. Cats are also heavily represented.

Most residents say that they feel very lucky to live at the Barlett. Like most older buildings, occasional maintenance can lead to temporary lack of hot water etc.

Downtown Los Angeles is energetic and dynamic. A new apple store just opened in the old home of the historic Tower Theater, within walking distance.

Food delivery is a delightful perk of this building. In addition to countless restaurants that re just steps away, many more restaurants and delivery services will quickly bring food. Some of our favorite restaurants went out of business due to virus hysteria and lockdown, but most of them are still with us.

Residents say that it feels like an old building, but in the best way possible: beautiful original tiling, marble staircase and art deco elevator doors. The rooftop provides some of the most dramatic view around.

The many of the condo units are quite beautiful, and some have a separate bedroom! The bathrooms have large bathtubs. Most units have concrete floors, some with original tile mixed in.

Get a list of Historic Mills Act loft condos for sale with property tax benefits. Fill out the online form:

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215 W 7th St Bartlett Building Review

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.