Category: Prices

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Sold in Downtown Los Angeles – Lofts and Condos Recently Purchased and Leased: Home Prices

How much did these new Downtowners pay for their lofts, condos and apartments? And how do they like them?   #sold #homes #dtla


NCT LOFTS

It’s so exciting to move into a new loft because they offer so much space for so many possibilities. Lofts are a big box like a 3-dimensional canvas that allows for great creativity and more flexible lifestyle for live/work, entertaining or just relaxing at a very special private space after a long day of work.  This NCT 2-level penthouse was snapped up by an L.A. Loft Blog reader.  The extra large corner unit loft

Enjoying NTC Lofts Downtown Los Angeles
Enjoying NTC Lofts Downtown Los Angeles

with lots of big windows and a real bedroom, all in a genuine historic loft building with a fantastic rooftop deck. Rental #prices range around $2,000 to $6,000 per month for lease.

Alana recently moved into her historic 2-story loft abode, and fell in love with the atmosphere and views.

L.A. Loft blog readers are picky, and they demand an excellent location and exceptional character in a home.  Historic and industrial lofts of Downtown provide that chic, hip style with super practical open floor plans, in great walking areas near shops, restaurants, bars, pubs, entertainment and transportation.   |   LOFTS FOR LEASE

RIVER HOUSE

River House CourtyardDoug Nasr just moved into his 3-bedroom, 2-story condominium unit at River House. He’s enjoying his sparkling new construction townhome with a private balcony and park views next to the revitalizing Los Angeles River and Marsh Park. Best of all, he got wood flooring, and saved thousands of dollars off the price and upgrades by taking advantage of a free home buyer protection program.  River House condos sold for $499,000 to $899,000.   |   NEW HOMES

HOME SELLERS: Find Out What the Loft Down the Street Sold For

 

Find out what homes recently sold around Downtown Los Angeles, and how much the buyers paid for them. Get a free list of area home sales with prices and photos, along with a list of currently available homes for sale. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

Lofts For Sale                Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE UNDER $500,000  |  $900,000  |   Top Luxury
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

River House new homes with park view by the Los Angeles River

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. Some names may be changed to protect privacy.  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.

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Are Rents Declining in Downtown Los Angeles?

REAL ESTATE NEWS  —  Many Downtown area homeowners received a post card recently from a loft specialist real estate company stating that rents are declining.  Because the L.A. Loft Blog is the authority of Downtown Los Angeles real estate, we’re going to help determine if this is true.  Are rents really going down in Downtown L.A.?   #rentprice #dtla

Are Downtown L.A. Rents Going Down?
Are Downtown L.A. Rents Going Down?

RENT PRICES

The post card fails to include the exact beginning and end period, and also does not mention the comparison period.  The statistical statements therefore are not complete, and so it’s like saying a car is going 55 or 75 without saying miles per hour or kilometers per hour etc. The same is true when talking about rental rates. Panic selling is rarely a good idea, so Downtown home owners and landlords want to know the real details of what is happening to the DTLA rental market.

To know the real state of rents in Downtown, we need to look directly at the MLS Multiple Listing Service data, and compare the specific time periods.  The generally accepted time period to observe in real estate is the past 6 months (the recent market period), and then to compare that to the same 6 month period in the years earlier.

We’re not going to use average because the MLS data contains errant massively incorrect data.  Median is more accurate (the middle number), so lets take a look at the real median rental price for those specific periods:

2015 $2,550  Downtown LA Rents 2015 (pdf)
2016 $2,740  Downtown LA Rents 2016 (pdf)
2017 $2,750  Downtown LA Rents 2017 (pdf)

So looking directly at the real MLS data, we can see that rents are generally not going down, but the rate of increase has most certainly gone down. A stabilization has occurred. No need to panic. In fact, the opposite is true. The right amount of new apartments have been built so that the thousands of new Downtown residents might not need to encounter huge rent increase in the near future, and landlords will likely not be able to raise rents dramatically. Downtown Los Angeles landlords will also not likely need to implement the 65% rent reduction that the recent postcard seems to suggest.

Get free information on apartment and loft rental tours in Downtown Los Angeles. Fill out my online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

What's really happening wth Downtown Los Angeles apartment rental prices?
What’s really happening wth Downtown Los Angeles apartment rental prices?

 

Downtown Los Angeles Homes Sold Prices

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.