Real Estate News – More than $2 billion in just a few years — that’s what we have gained in equity collectively in just the past 4 years as Downtown L.A. home owners. #invest #dtla
And that does not even include wages, salaries, rental income and other investments that we made. Add those in and we are taking in about a billion dollars a year. Not bad for one little neighborhood.
While we rely on the greater trends of urbanization, metro transportation and other massive infrastructure improvements, Downtowners, the residents and entrepreneurs who built and expand the community, deserve credit for the foresight, risk-taking, innovation and hard work that has created a renaissance and force of renewal of unprecedented proportions.
DTLA continues to surpass expectations with an ever increasing brightness of the future. Like the phoenix of Greek mythology, Downtown has come to symbolize rebirth and the ability to restart and relaunch our lives and businesses. It’s no wonder that so many singles move to Downtown to get their careers and lives going on the fast track to success.
He’s known for his responsive communication, 14 years of real estate experience and having trained and coached thousands of other agents — top producing agents! Looking to buy, sell or lease a loft, condos or house? Get assistance from Gabriel now at (323) 320-3659 or CLICK TO EMAIL.
Gabriel Olguin joins the Corey Chambers Team as a real estate salesperson and after enjoying a long and successful career in real estate sales, management and coaching. Gabriel is known for his passion and commitment to others and helping them reach their full potential. Gabriel’s extensive real estate experience and knowledge is the cornerstone of his reputation as a respected coach, confidante and colleague. Gabriel founded Olguin Enterprises where he designed and implemented a successful sales productivity program targeting 22 skills critical to success in real estate sales. Gabriel’s foundational training began with Century 21 and has carried through to coaching with a globally recognized organization and other well known residential and commercial firms.
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If you have been looking for a way to be more consistent, disciplined and productive in your business, call Gabriel for an appointment to discuss easy ways to increase your productivity and enhance your business.
Similar in design to a big coaching firm’s program, Gabriel offers a distinct experience, personal coaching, business planning and high-accountability to those committed to growing their business.
A game-changing program that will quickly boost your bottom line and move you beyond your barriers in the direction of your goals. You will learn skills-based models, scripts and dialogues focused on your strengths and how to make them work best for you.
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SOLD for 101% of Asking Price ALL CASH, 24% Faster than Average – The first resale 3-level loft, a former loading dock, in what was once the Fuller Paint Company on San Fernando Road. Now known as Alta Lofts as re-imagined by architects Pugh & Scarpa, the 1927 central Los Angeles building is today revealed as a new level of modern live-work lofts.
200 N San Fernando Rd #105, Los Angeles, CA 90031 — Disover the open concept for a Los Angeles loft taken to the next level as it provides abundant open space in nearly 1,400 square feet, extra high ceilings, lots of windows and light, along with separated bed area and other spaces for living and working. Icing on the cake appears in the form of 2 bathrooms, 2 entries and a warehouse-style roll-up door for supreme natural light and fresh air. Electric roll-up shades with remote give instant push-button control of the natural light. This three-level is extra sweet because it has been upgraded with special design and engineering in the form of extra square footage with an extended mezzanine bed area.
The bedroom is upgraded with an expansive open closet, frosted glass partitions, jetted bath tub and copious designer tile in the master bathroom and kitchen, and steel I-beams with intumescent paint. Your dream loft is now complete.
East view facing the mountains to Downtown Los Angeles and Elysian Park. This industrial loft features concrete floors, granite counter tops, stainless steel appliances, large bathrooms with tile floor and stainless sink, washer and dryer in unit, central A/C and heat, large closets. Gated covered parking space. Building amenities include social party room, fitness center, BBQ, courtyard lounge area, covered gated guest parking. Pet friendly. Evening security guard patrol. Walk to shopping, restaurants, Metro. By Downtown, China Town and Elysian Park in Lincoln Heights near Brewery Lofts, Lacy Lofts and Telephone Company Lofts. SOLD for 101% of Asking Price ALL CASH, 24% Faster than Average.
Own 1,400 square feet of open space in this authentic industrial Alta live-work loft. High ceilings, large windows with lots of natural light. East views facing the mountains to Downtown and Elysian Park. VIDEO | MORE DETAILS AND PHOTOS
This industrial loft features concrete floors, concrete features, exposed plumbing, polished granite counters, stainless appliances, BIG bathroom with tile floor and stainless sink, washer-dryer in unit, central A/C and heat, closet. Gated covered parking space. Building amenities include social party room, gym, BBQ, citrus trees, courtyard lounge, covered gated guest parking. Pet friendly. PM security guard. Walk to shops, food, transportation. By Downtown, Chinatown and Elysian Park and Lincoln Heights Metro Station. Building description and photos at www.AltaLoft.com and www.AltaLofts.info. Call Corey (213) 880-9910 or email firstname.lastname@example.org
This stylish loft is in an historic building in Downtown Los Angeles. Located near The Brewery Lofts in Downtown Los Angeles. Dramatic open spaces, vibrant neighborhood, chic loft in the Downtown L.A. area. Eclectic mix of shops, restaurants and cafes of historic Lincoln Heights, close proximity to Los Angeles’ most popular destinations. Dodger stadium, Walt Disney Concert Hall, MOCA and Downtown’s financial center are all just minutes away. Convenient access to three major highways and a nearby Gold Line stop, Pasadena, Glendale and Los Feliz are also easily accessible.
Building has original four-story structure capped with two stories of newly constructed penthouse lofts, as well as direct-access, gated parking structure for residents and guests. Floor to ceiling industrial windows, along with retrofitted with dual panes are accompanied by exposed beam and ductwork. The exterior features fully landscaped open air courtyard and paseo, a fifth floor deck, and original concrete pillars throughout building. The structure is a study in contrasts. The exterior features both neo-classic and contemporary touches. Inside, the same dichotomy holds with structural elements from the 1920s co-existing with modern kitchens, bathrooms and state-of-the-art sectional overhead doors. It’s an ideal mix, resulting in one-of-a-kind living spaces that radiate with light, energy and creativity.
SOLD for 101% of Asking Price ALL CASH, 24% Faster than Average.
Alta Lofts Building Information: Details matter here, cabinets, fixtures — each has been carefully selected to work together to create a welcoming and inspiring living environment. The building also features amazing unobstructed views of Downtown, Elysian Park and surrounding communities. It is an historic building with original architectural elements and two new modern penthouse floors. The ownership of lofts includes designated parking in gated and adjacent garage. The bottom level of the building is made up of 2-story and 3-story lofts. The center of the building was cut out for the restoration to add light, air and openness to the building and loft units. Now showing to qualified buyers. To see this loft for sale, email email@example.com or call (213) 880-9910.
The loft interior features high ceilings, exposed original walls and ceilings, in addition to original windows reglazed with dual panes. Ceramic tile flooring in baths. Whirlpool stainless steel kitchen appliances, granite countertops, stainless steel kitchen sink, a refrigerator, central heating and air conditioning with energy saving night set-back thermostat. Loft includes a washer-dryer, and loft has energy-efficient fluorescent lighting controlled by Decora switches throughout. MORE DETAILS AND PHOTOS
P.S. Your Referrals Help The Kids! $125 donation goes to help the extraordinary kids in need at Childrens Hospital Los Angeles on every home we sell this year. Help us help Childrens. Who do you know considering making a move that would benefit from the services we provide? Call me at 213-880-9910 with their contact info, or have them contact me. You can also visit http://www.ReferralsHelpKids.com. Thank you in advance!
More and more prospective Downtowners have been choosing instead to buy condominiums and single family homes outside of Downtown in the nearby neighborhoods of Glassell Park, Mount Washington, Hollywood, Lincoln Heights, Echo Park, Silver Lake, Highland Park, Pico Union, Koreatown, Boyle Heights, Northeast Los Angeles and South Los Angeles. Here’s are the current homes for sale outside of Dowtown:
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7 Things You Must Know Before Putting Your Los Angeles Home Up for Sale
Downtown Los Angeles – A new report has just been released which reveals 7 costly mistakes that most homeowners make when selling their home, and a 9 Step System that can help you sell your home fast and for the most amount of money. This industry report shows clearly how the traditional ways of selling homes have become increasingly less and less effective in today’s market. The fact of the matter is that fully three quarters of homesellers don’t get what they want for their homes and become disillusioned and – worse – financially disadvantaged when they put their homes on the market.
As this report uncovers, most homesellers make 7 deadly mistakes that cost them literally thousands of dollars. The good news is that each and every one of these mistakes is entirely preventable. In answer to this issue, industry insiders have prepared a free special report entitled “The 9 Step System to Get Your Home Sold Fast and For Top Dollar”.
To order a FREE Special Report, visit www.SellerMistake.com or to hear a brief recorded message about how to order your FREE copy of this report call toll-free 1-800-791-4541 and enter 1000.
You can call any time, 24 hours a day, 7 days a week. Get your free special report NOW to find out how you can get the most money for your home.
Everyone loves the beach, and some prospective Downtowners ultimately decide to instead live in a beach neighborhood because of the relaxed atmosphere, clean air and cool breeze. Buyers who are lucky enough to come across a pocket listing can get an advantage over the seller because the property is not fully marketed. A pocket listing can often be considered a type of distressed sale because the seller is unable to market the property fully. The buyer can end up getting a special deal because there may be no other buyers to drive up the price. The buyer may be able to place an offer well below the asking price and often get a steal.
Mar Vista Townhouse Pocket Listing – 12772 Pacific Ave. #7, Los Angeles, CA 90066
Great Opportunity To Get In This Popular Mar Vista Neighborhood At An Affordable Price. The 2 Bedroom, 2.5 Bathroom Townhouse Is Located In A Small 9 Owner Building With Open-Air Walkways & No One Above Or Below. The Home Has Been Well-Maintained With Potential To Enjoy Now Or Remodel Later. The Open Floor Plan Main Level Has Beautiful Spanish Tile Flooring And Includes The Dining Room, Kitchen, Powder Room And Living Room With Fireplace And Wet Bar. Head Up Stairs To The 2nd Floor Which Is Flooded With Natural Light By The Skylights And Houses Both Bedrooms, An Additional Hallway Bathroom, Laundry Room And Vaulted Ceiling Master Suite Complete With En Suite Bath With Double Sink. Also Comes With Central Heat/AC, Secure Underground Side By Side 2 Car Parking With Extra Storage Space, Large Community Patio Area And Low HODS. Centrally Located Between Marina Del Rey, Venice And Culver City. Don’t Wait Or This Opportunity Will Pass You By! 2 BR I 2.5 BA 11,361 SF 1 $650,000 I $200 HOD
For assistance with this and other pocket listings, call Corey Chambers (213) 880-8810
Lofts, Condos and Apartments in Downtown LA:
Three Case Studies on Successful Recent Transactions
SALE – When a mother and father just had their first baby, they needed to sell the luxury tower loft that they purchased in 2007 and then leased out in 2010. Purchased at a relative market high, the Sky Loft located at 801 S Grand Avenue had been a bit of a drain on family finances, and with a new baby on board, the family wanted to batten down the hatches on finances and put some cash under the mattress for a rainy day. Not wanting to disturb the tenant, the family chose to start with a pocket listing. The property went into escrow just a few days after the tenant moved out, then sold for a tidy sum of $785,000. The family now has plenty of cash and fewer worries. Find out how much your home is worth with a free online home evaluation.
PURCHASE – A single man needed a nice condo in a fun neighborhood with a very low down payment, he was able to receive priority access to proprietary information on Downtown lofts and Hollywood condos at no cost and no obligation to buy. The exclusive Buyer Profile System sent new listings to him that match his exact criteria just as soon as they came onto the market. He was able to buy an awesome, fully-updated condo with extra large parking space and storage, in an upscale part of Hollywood for less than $400,000. When the seller was on a path to close late, Realtor Corey Chambers took extra steps to allow the buyer to move furniture in early, and then was ultimately able to get the seller to close on time. The buyer saved more than $10,000 off off the asking price and saved thousands more thanks to the prompt closing. Beat out other buyers to hot, new listings. Get a Free List of Foreclosures and Distress Sales.
LEASE – When a single man recently needed to relocate to a new job in Downtown Los Angeles, he wanted to see all of the rentals that exactly matched his criteria, and get it done in just a 2-day trip from out-of-town without missing any bargains. He was happy to find the private LA Loft 3-Hour Tour because it got him into the agent listings from all real estate companies, as well as the unlisted bargains. After seeing nearly a dozen different lofts and apartments, he found the perfect lofty new apartment with open concept, high ceilings, floor-to-ceiling windows, luxury amenities and one of the largest outdoor spaces in Downtown Los Angeles. Best of all, it was under budget because the tour saved him $2,400 over the lease term. Check out the LA Loft Tour and all other homes for lease.
To get your own happy story about buying, selling or leasing in Downtown LA, get free information with no obligation from the L.A. Loft Blog. Fill out the online form:
1. Open House Property Theft – The MLS Multiple Listing Service Issued an Warning Yesterday about a $30,000 jewelry theft from a house for sale in Los Angeles. Here’s the notice, followed by 9 other rip-offs that we’ve seen around the Downtown Los Angeles area, in no particular order:
(MLS Crime Alert) We are writing to inform you of a theft that occurred at a open houses on Tuesday of this week. Please make your agents aware that the man in question was of the following description: About 5’10”, of Middle Eastern descent, full beard, 165-185lbs, very well dressed (this particular day, he was in a light grey suit and sky blue tie). We’ve received word that other agents in the area also had suspicious interaction with him, where he asked questions about “who owned the home”, etc. He presented himself as an agent in the Palisades and by the name of “Simon”. An estimated $30,000 worth of jewelry was stolen from a locked drawer in the master bedroom. The owners say that this thief clearly knew what he was taking as he left some jewelry behind and left from a side door that was locked.
2. Car Break-Ins – Downtown actually has a fairly low rate of car break-ins compared to the surrounding areas. Don’t ever leave anything at all in a car parked on the street or unguarded lots.
3. Agents who give low estimates and then buy the home to flip – It is illegal for a real estate agent to give an artificially low home evaluation to an unsuspecting seller so that the agent can have a friend buy it at a discount. Always get a 2nd opinion on your home’s value before selling.
4. Craigslist rental fraud with rocketlease applications for identity theft – Fraudsters impersonate a real estate agent advertising a super deal on a property for lease. They claim to be “out of town” and request that you complete a RocketLease application ahead of time so that they can get your personal information to sell on the identity theft black market. Assume everything on Craigslist is a fraud until proven otherwise. Always meet and verify an agent or anyone before giving your money or personal information. Find lofts and condos for sale and for lease by genuine real estate agents.
5. High rents and rent increases – Downtown is popular, so the rents are relatively high. This a fact of supply and demand, not really a rip-off. Just keep in mind that buying gives you a bright future while renting gives your landlord a bright future. Stop Renting
6. Parking Problems – Deeded parking with no deed, Disappearing parking, rising prices – Several home buyers in Downtown thought that they were getting deeded parking, only to find out that someone else owns the parking space, and they are jacking up the monthly rent on the parking space, or the space could be lost completely. Before buying, take a close look at the parking situation, and ask an attorney to double check if you’re not sure.
7. Agent sells against properties with low commission – Some real estate agents will tell a buyer client that a property is no good just because the commission offered is lower. Be sure that you understand how your agent gets paid. Don’t be afraid to ask how much the CSO agent commission is on each property that you are interested in.
8. Loft Loans – Many home lenders will say that they can lend on a loft, and then later tell you the rate will be much higher or they will not lend at all. If you buy an industrial or commercial loft conversion, use a loft lender or a lender who has financed a loft recently.
9. Lawsuits – More than 20% of the listings that you see are involved currently or recently with a lawsuit or some other litigation. Use a Downtown specialist Realtor who is knowledgable about these lawsuits.
10. Devious Developers – When buying new construction lofts, condos or houses for sale, always bring your agent with you on the first visit. Otherwise the developer’s sales team might tell you that you cannot get representation from an agent. Buyer’s agents are free and are required to get you the best deal while the sales office is required to give you the highest price possible.
One last rip off is J-walking citations targeting the wealthy and middle class – You must use the crosswalk in Downtown, and you can only cross while the pedestrian light is solid and says walk. If blinking or saying don’t walk, the police will give you a ticket. The police seem to be targeting South Park and Restaurant Row for these $170 tickets while Skid Row appears to be unfairly exempt from this enforcement.
How to Avoid 9 Common Buyer Traps BEFORE Buying a Home
Avoid Paying Too Much When Buying a Home
Get FREE Instant Access by completing the form on this page.
Buying a home is a major investment no matter which way you look at it. But for many homebuyers, it’s an even more expensive process than it needs to be because many fall prey to at least a few of many common and costly mistakes which trap them into paying too much for the home they want, losing their dream home to another buyer, or worse, buying the wrong home for their needs.
A systemized approach to the homebuying process can help you steer clear of these common traps, allowing you to not only cut costs, but also buy the home that’s best for you.
An industry report has just been released entitled “9 Buyer Traps and How to Avoid Them“. This important report discusses the nine most common and costly of these homebuyer traps, how to identify them, and what you can do to avoid them.
Order this report NOW to learn how to avoid costly buyer mistakes before you purchase your next home at LACondoInfo.com:
The Eckardt Building at Santee Village is an historic manufacturing building that has been completely renovated to show off its great character for today’s modern living while retaining classic industrial design features for an historic urban vibe.
Each loft condominium unit is fully finished while maintaining a large open space for residents to express their own style and creative ideas to set up a home that is distinctly their own.
The Eckhardt Lofts offer many desirable historic features such as high ceilings and oversized industrial windows. They also includes modern upgrades such a Bosch kitchen appliances and six-foot bathtubs. Select apartments also come with private balconies.
Unit features include:
Ten to fourteen foot vaulted ceilings
Heavy duty polished concrete floors
Architectural concrete columns in all units
Over sized historic industrial windows
Mountain, city and skyline views, per plan
Italian-style kitchen and bath cabinetry
Granite kitchen counter tops
Stainless steel Bosch appliances
Deep stainless steel sinks
Private balconies (select lofts)
Energy efficient heating & air conditioning
DSL, DirecTV and Comcast ready
The units at Eckhardt Lofts range in size from about 700-square-foot open floor plans to a 2,000-square-foot penthouse.
Business tycoon Michael J. Connell built downtown LA’s first garment and textile manufacturing building in 1911, launching a mini-construction boom that lasted through the 1930′s. The heavy, concrete-frame construction and ornamental facades of the early 20th century industrial era characterized the architecture. All of these buildings sat largely unappreciated for decades. In 1998, a decade-long process to restore and re-adapt them for loft living began. The Eckardt and the Cornell at Santee Village are two
of those buildings that were designated as local historic monuments in 2001. The true loft units in the Eckardt and the Cornell buildings at Santee Village reflect the historic look and feel of the fashion industry with oversized industrial windows, concrete floors and columns, high ceilings and lots of open space. You can feel the history and the inspiration as soon as you walk in the door.
Based on information from the Association of REALTORS®/Multiple Listing as of [date the AOR/MLS data was obtained] and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Get a FREE list of Eckardt Lofts listings with descriptions, photos and videos. Fill out the online form:
Downtown LA Lofts and Condos That Have Sold in the Last 30 Days
When it comes to home values and knowing the current market, there is no better way to keep it real than by looking at what hard-working Americans recently paid with their hard-earned cash. This list of recently sold Downtown properties is just that:
Avoid 6 Costly Errors When Moving to a Larger Home and Save Thousands
Unlike the experience of buying a first home, when you’re looking to move-up, and already own a home, there are certain factors that can complicate the situation. It’s very important for you to consider these issues before you list your home for sale. Not only is there the issue of financing to consider, but you also have to sell your present home at exactly the right time in order to avoid either the financial burden of owning two homes or, just as bad, the dilemma of having no place to live during the gap between closings.