Category: off-market properties

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Falling Little Tokyo Lofts Prices – What Creates Financial Winners and Losers

Little Tokyo Lofts condo building stagnates

Like many other loft condominium buildings that are today surrounded by homeless and violent mentally ill in Downtown Los Angeles, Little Tokyo Lofts for sale listings have been suffering a recent 91.66% failure rate. Only one out of twelve listings sold successfully.  This suggests a substantial risk that neighborhood prices may be lower next year.  A list of recent sale and lease listings are available here. | PDF

In early 2019, we reminded Downtown loft investors, in our blog post, to consider selling their unneeded loft condos, and using the proceeds to buy bitcoin.  Those who held on to their properties lost more than $40,000 of equity on average.  Those who sold and kept in cash lost 6% due to “transitory” inflation, which is really the beginning of stagflation — runaway inflation plus economic stagnation caused by virus hysteria, massive overreaction and socialist-style government interference.  Those who acted on our bold suggestion found that $300,000 in average equity jumped to $5 million since, more than a 1,600% gain.

Find out how much your home is worth. Get a free list of recently sold homes in downtown and the Greater Los Angeles Area. Fill out the online form:

Top floor unit 631 offers due October 15, 2021. To be removed from market.

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. | PDF

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Downtown Los Angeles Swimming Pool, Balcony and Fireplace Pocket Listings

The “dark winter” appears to be coming to an end, as a new era of inflation and higher prices begins. For loft lovers, 2021 may be the time to take advantage of lower real estate prices in Downtown L.A. during what may well be the bottom of the market. Some special deals are coming available.

The Loft Blog has received word of some top floor units with high ceilings, concrete pillar columns, covered parking, free guest parking and 24-hour security. These unlisted units expected to come onto the market in the next month or so. They are not listed for sale on the leading real estate websites. Only the Loft Blog has access to this exclusive information.

Get a free list of pocket listings, off market properties and unlisted lofts in Los Angeles. Fill out the online form:

Top floor units with balconies and fireplaces may be coming up for sale in the coming months.

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.