While more people are moving into Downtown than moving away, there are those who prefer to sell when they are sure that the price and equity are at a healthy level. Many loft owners in DTLA are able to move up to a larger loft, while some others are having kids and want to move to a highly esteemed school district area in the suburbs.
The L.A. Loft Blog, the authority on Downtown residential real estate, receives real-time market data and feedback every day. Based on that large quantity of first-hand observations and real estate market service data, the true nature of the Downtown real estate market is normal and near middle of the cycle. That means that it makes sense for both buyers and sellers to make a move now if they prefer to move during a safer, more typical real estate market cycle. That being said about market timing, Downtown Los Angeles is anything but a typical real estate market. During the most recent cycles, Downtown performed better than the average U.S. neighborhood and better than the average California neighborhood during both the up cycle and down cycle because DTLA has extremely fast growth overall.
Here some recent articles that discuss whether or not now is a good time to sell a home:
The most accurate way to find out what a property is worth, and the fastest way to see what is happening in the real estate market with home values is by taking a look at what sold recently, and what was actually paid for the properties. This Alta loft 3-level just sold:
SOLD for 101% of Asking Price CASH, 24% Faster than Average a
REMARKS: Huge 2,560 sq ft loft in the highly sought after and recently refreshed Molino Street Lofts building in Downtown LA’s Arts District. Bright, charming space with 3 exposed brick walls, big timber columns, hardwood floors, and exposed piping. The oversized bathroom is upgraded with designer tile, and the half bathroom is perfect for guests. The building has a rooftop pool and lounge, sun terrace, fitness room, secured entrance and gated on-site parking. Walk to the many restaurants/bars of Little Tokyo and the Arts District, including: Bestia, Urth Caffe, Zinc Cafe, Wurstekuche, Cerveteca, Stumptown, Daily Dose and the soon-to-be Soho House.
REMARKS: Chic Alta industrial live-work loft with abundant open space, extra high ceilings, lots of windows and light, upstairs separated bed area, 2 bathroom, 2 entries, warehouse-style roll-up door for indoor patio effect, natural light and fresh air. Electric roll-up shades w/ remote. Upgraded special design and engineering add extra square footage w/ extended mezzanine bed area, expanded open closet built-ins, frosted glass partitions, jetted tub, copious designer tile in master bathroom and kitchen. Steel i-beams w/ intumescent paint. East facing the mountains to Downtown Los Angeles and Elysian Park. This industrial loft features concrete floors, granite counter tops, stainless steel appliances, large bathrooms w/ tile floor and stainless sink, washer & 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, gated covered guest parking. Pet friendly. PM security. Near Metro.
ROOMS: 2nd Story Family Room,Art Studio,Breakfast Area,Den,Den/Office,Dining Area,Dressing Area,Family,Formal Entry,Living,Loft,Master Bedroom,Patio Covered,Study,Study/Office,Utility,Walk-In Closet
REMARKS: This spacious 1,390 sq. ft. courtyard loft unit features a split plan with TWO ENCLOSED bedrooms with separate full bathrooms. Modern kitchen with stainless steel appliances and a spacious counter, dining area that fits a full sized table and chairs to entertain, in-unit washer/dryer hook up, walk-in master closet, two assigned parking spaces. You are steps to Staple Center/LA Live, trendy restaurants & shopping. Easy access to USC, FIDM, the Financial District, and all that DTLA has to offer. The Grand Lofts is one of the few bldgs in South Park that is zoned Live/Work!
DIRECTIONS: 1st St and Hope St. Across from Disney Concert Hall, Music Center. Driveway to the property is just west of Hope St, directly across the street from the DWP Building. Visitor parking located at the first gated driveway entrance to the right. Pull up to the gate, push intercom button, and security will grant access.
REMARKS: Beautifully remodeled, designer perfect home at the prestigious full service Bunker Hill Tower. Ultra rare upper floor North East corner provides breathtaking bird’s eye panoramic views of Downtown LA and beyond through floor-to-ceiling windows. Luxurious finishes include solid wood doors with glass inserts, abundant sleek storage and closet space, and fully polished high end porcelain tile and hardwood flooring throughout. Impeccably designed bathrooms feature glass shower doors, designer tile, Caesarstone countertops, custom cabinetry and lighting, and premium plumbing fixtures. Beautiful chef’s kitchen seamlessly integrates Thermador Professional stainless steel appliances with custom cabinetry and Caesarstone countertops. HOA amenities include 24-hr security and concierge, heated swimming pool and spa, 2 tennis courts, 2 gyms, saunas, BBQ area, AND ALL UTILITIES (electricity, gas, water, cable TV, Internet). Dry cleaner and convenience store onsite. The ultimate downtown lifestyle!
DIRECTIONS: ON WEST SIDE OF AVENUE26, NEAR 5 AND 110 FWY
REMARKS: THIS UNIT FETURES 2 BED, 2 BATH,2 PARKING SPACE, CLUBHOUSE,FITNESS,COZY COURTY YARD WITH BEAUTIFUL FOUNTAIN, BILLIARD AND KITCHEN WITH EATING AREA, CLOSE TO ALL THE FREEWAYS, METRO GOLD LINE, DOWNTOWN, KOREATOWN, BURBANK AND PASADENA
DIRECTIONS: Corner of 9th St and Hope St. Entrance on Hope.
REMARKS: Live/Work Loft in South Park. Efficient layout with 2 full bedrooms and and 2 full baths, Walk in closet, hardwood floors, large patio, w/d inside and stainless steel appliances. Very spacious and bright with tons of windows. Walk to LA Live and Bottega Louie. Secure building with doorman, pool, gym and screening room. One parking space included.
REMARKS: Great corner unit on the top floor with two glass walls overlooking the Staple Center. Unit features walk in closet, hardwood floors, patio, w/d inside and stainless steel appliances. Very spacious and bright and with a small patio. Building amenities pool, gym, spa, screening room, clubhouse, BBQ area, 24hrs front desk security, in-building covered parking, Ralph grocery store. Walking distances to fine dining, shopping, entertainment and night-life.
REMARKS: Two bedroom one bathroom, title shows one bedroom. Walk in closet, and large patio. Short walking distance to the Staples Center, LA Liveand Nokia Theater with many restaraunts and easy access to the freeway. Beautiful landscaping.
REMARKS: BOM! Buyer’s job situation changed! On the border of DTLA’s Historic Core and Jewelry district, you’ll find this pristine one bedroom loft at the SB Grand. Stained concrete floors, 12′ concrete beam ceilings, exposed pipes, and industrial steel frame windows invite you into this corner unit filled with natural light. Open living space and kitchen allow you to structure your space and life to fit your needs. Modern kitchen with granite countertops and stainless steel appliances, with extra storage under the kitchen island. South-facing city views, with east-facing courtyard atrium view complete w/ your own outdoor balcony. True one bedroom with storage closets off hallway. Full bath with soaking tub and in-unit washer & dryer. Building amenities include rooftop pool & lounge area, fitness room, controlled access, security guard, proximity to Metro, farmer’s markets, and hotspots Perch & Mrs. Fish. A must see!
ROOMS: Loft
AMENITIES: Controlled Access,Elevator,Fitness Center,Gated Community Guard,Pool,Valet Parking
DIRECTIONS: Between 3rd St. and 6th St./ 2 W of Rampart Blvd.
REMARKS: Prime Mid-Wilshire downtown adjacent. Street view. Complex has gym, pool and Spa. Pre-approval requires with proof of funds. See private remarks for showing. Tenant occupied.
CMPLX: Little Tokyo Teramachi Homeowner’s Assocation
DIRECTIONS: Northwest corner of South San Pedro Street & 3rd Street
REMARKS: Teramachi is a senior (55 years +) condominium complex in Downtown’s historic Little Tokyo. Offered is a top floor, south facing unit w/1 bedroom, 1 bathroom, light & bright living room w/fp, view balcony, dining area and gourmet kitchen w/granite counter tops, breakfast bar & stainless steel appliances. The unit offers urban scenic views, light filled afternoons & soothing twilight panoramas of DTLA’s ever changing skyline. Additional features include high ceilings, central air & heat, in-unit washer & dryer and 1 secure indoor parking space. Teramachi amenities include indoor-outdoor pool w/sun deck, spa, central courtyard w/gardens & water features, fitness center w/sauna, guest lounges, 2-story community room w/full kitchen facilities, community bbq’s, guest parking and 24 hour front desk/security station. Close to Little Tokyo shops & restaurants, Dodger & ever-expanding DTLA including Union Station, Staples Center, Disney Hall & Dorothy Chandler Pavilion.
ROOMS: Dining Area,Living,Walk-In Closet
AMENITIES: Assoc Barbecue,Assoc Pet Rules,Controlled Access,Elevator,Fitness Center,Gated Parking,Guest Parking,Pool,Spa,Sun Deck
REMARKS: Hip and historic building located in the heart of downtown. The Rowan Lofts is one of the most sought after buildings and is located next to Spring Street park. This spacious loft features high ceilings, exposed brick walls, and large windows that allow in plenty of natural light. The kitchen comes with modern appliances and the entire unit has beautiful thick plank wood floors. The large bathroom has European tile and this unit also comes with a washer/dryer and refrigerator. Rowan Loft amenities include a large and cool resident’s lounge with kitchenette, big screen TV, a private & peaceful barbecue area with tables & seating, hot & cold spas, dog run, and 24 hour private security. Great restaurants, galleries, and all that Downtown has to offer is around the corner! With its Historical Designation, the Rowan is considered in the ‘Mills Act’ and therefore the owners receive a large percentage off of their property tax rate.
ROOMS: Loft
AMENITIES: Assoc Barbecue,Billiard Room,Concierge,Controlled Access,Elevator,Extra Storage,Picnic Area
While more people are moving into Downtown than moving away, there are those who prefer to sell when they are sure that the price and equity are at a healthy level. Many loft owners in DTLA are able to move up to a larger loft, while some others are having kids and want to move to a highly esteemed school district area in the suburbs.
