The Washington Post just reported that overpricing a home by a can be a costly mistake for a seller. The article states that putting the right price tag on a home right out of the gate gives the seller the best opportunity to maximize the return on investment because the excitement of a new listing attracts the peak number of buyers within a week. Sellers who start with a price that is too high can be missing the best opportunity to gain the attention of the largest number of buyers. This often results in a longer selling time and lower price.
Many sellers don’t realize that home buyers are comparison shopping. Just like car buyers, the home buyers focus on the homes that they feel represent the best value. Most home buyers are reluctant to place an offer on overpriced homes. They eliminate them before they get to the showing process.
After about 30 days on the market, the listing is then considered to be stale. Buyers and agents will be begin to suspect that the property could have something major wrong with it, or that the seller is not serious about selling the property. #lofts #prices
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First Time Homebuyer Lofts For Sale with Low Down Payments
Many who dream of owning an amazing Downtown loft live with their parents for several years and hope that they can save enough down payment. Many prospective home buyers don’t know that they can own a home with just 10% down, 5% down or sometimes zero down payment.
While interest rates are still near historic lows, dreams are coming true as tens of thousands of new Downtowners have improved their net worth by making superior investments.
Directions: Go to West Avenue 26 East of the 110 Fwy
Remarks: Enjoy urban living in this downtown adjacent loft-style condo in prestigious Puerta del Sol! This spacious loft has been Pre-certified and is Move-in ready. The
unit features wood laminate & ceramic tile flooring, maple cabinets with granite counter tops, refrigerator, stove, dishwasher, microwave, central air & washer/dryer hook- ups in the unit. The corner unit shares only one wall. The private balcony overlooks the beautiful courtyard. The complex boasts a clubhouse with billiards and kitchen, fitness room, and landscaped courtyard. The secure complex has gated entries, gated subterranean parking and plenty of guest parking. Located just minutes from Downtown Los Angeles, USC, Chinatown, Children’s Hospital and Pasadena off the 110 and 5 Freeways. Conveniently next to the Metro Gold Line Station so you can give up your car. Bring your pets as this complex is Pet friendly. Cheaper than rent. Perfect starter for a professional or college student. Great Investment Opportunity.
Community/Development Structure Info Contract Info
Land Type
Cash, Cash To New Loan
DOM 15
Tax Mello Roos
No Year Built/Source
2006/Assessor List Date
11-13-2015
Complex/Assoc Name
Puerta Del Sol Stories
3 List Price
$239,000
Pets Allowed/Rules
Yes/Assoc Pet Rules Building Type
Condominium Orig List Price
$239,000
Highrise Amenities
Prop Subtype
Condominium Status Date
11-13-2015
Assoc Amenities
165 Change Date/Type
11-21-2015/Active
1 Sale Type
Standard
Corner Probate Y/N
No
No Avail for Lease
No
Private Lease Option
No
Assoc Fees Include
Close Of Escrow
Community Features
Pending HO Asmt
Builders Tract Code
Builders Model Code
Builders Model Name
Builders Name
Earhtquake Ins.
Land/Lot Info Parking Details Sale/Sold Info
Zoning
LACM Parking Type
No No
Assigned, Community Garage, Controlled Entrance, Door Opener, Gated Underground, Parking for Guests, Subterranean
Contract Date Sold Date
Sold Price
Sold Price/SqFt
Directions: Take 110, Exit 6th Street, Make Left at Broadway, Left at 5th
Remarks: Approved Short Sale. loft style condo in the heart of downtown LA! Building amenities also include door man, 24/7 security, concierge and gym. and sold as is
with furniture included. past due HOA to be paid by the buyer condo needs work! Agent’s please see private remarks.
24 Hour
City Architectural
Direction Faces
Maid’s No Prop Condition
Sewer
Water Type
Community/Development Structure Info Contract Info
Pending HO Asmt
Balcony Security
No
Conventional, New
DOM 666
Tax Mello Roos
Year Built/Source
1923 List Date
07-11-2013
Complex/Assoc Name
ShyBary Grand Inc. Stories
0 List Price
$275,000
Pets Allowed/Rules
Yes Building Type
Condominium Orig List Price
$220,000
Highrise Amenities
Prop Subtype
Status Date
07-11-2013
Assoc Amenities
Assoc Barbecue, Units in Complex Concierge, Pool, Spa
280 Change Date/Type
06-30-2015/Extended
Unit Floor #
12 Sale Type
Short Pay
Assoc Fees Include
Unit Location PUD
Avail for Lease
No
Community Features
No Lease Option Financing
Builders Tract Code
Builders Model Code
Builders Model Name
View
Style
Builders Name
Entry Floor # Exposure
Earhtquake Ins.
Land/Lot Info Parking Details Sale/Sold Info
Remarks: Welcome to what downtown living should feel like. Walking into this SB Lofts unit you’ll automatically feel like you are in the center of it all and its because you are! If you are looking for the perfect investment or your first home in Downtown LA to enjoy the nightlife and restaurants it has to offer then step into unit #509 at SB Lofts. There is an openness and relaxation when walking into this unit that you rarely find in downtown, Enjoy the summer days and nights on the building rooftop pools and lounge area. This inner unit features a balcony in which you can enjoy to relax after those long days at work. Don’t wait to long to view this gem.
Directions: East of Spring Street, West of Grand Avenue, South of 4th Street and North of 6th Street. Google maps
Remarks: BOM!!! BUYER CANCEL AT LAST MINUTE. THEIR LOSS YOUR GAIN, HURRY UP IT WONT LAST!! Remarkably well appointed lay out one bedroom loft at
SB Grand. Over looking 5th Street, the view transports you to Los Angeles circa 1920’s as you look onto some of the magnificent buildings of the past century. The loft features, separate bedroom area, large sinking tub, washer and dryer inside unit, kitchen with granite counter top and stainless steel appliances. There’s also the old fire escape that can be use as a small balcony. The complex has valet parking for additional fee, small exercise room, common laundry area and a roof top pool where you can enjoy a 360 View of Downtown Los Angeles. The building is well situated with easy access to the Metro, 5th street features a farmers market every Sunday, and you can enjoy a stroll thru the renaissance of Broadway Street. For showings please contact listing agent.
Community/Development Structure Info
Contract Info
DOM 178
Tax Mello Roos
Year Built/Source
1923
List Date
06-03-2015
Complex/Assoc Name
SB Grand Stories
0
List Price
$372,500
Pets Allowed/Rules
Yes Building Type
Condominium, Conversion
Orig List Price
$385,000
Highrise Amenities
Prop Subtype
Status Date
06-03-2015
Assoc Amenities
280
Change Date/Type
11-14-2015/Price Change
10
Sale Type
Standard
Avail for Lease
No
Assoc Fees Include
No
Lease Option
No
Community Features
24 Hour, Community
Pending HO Asmt
City
Builders Tract Code
Architectural
Builders Model Code
Builders Model Name
Builders Name
Earhtquake Ins.
No
Land/Lot Info Parking Details
Sale/Sold Info
Zoning
LAC5 Parking Type
Private Garage, Valet
Contract Date
Land Type
Total Spaces
Sold Date
Land Lease
Covered Spaces
0
Sold Price
Horse Property
Uncovered Spaces
Sold Price/SqFt
Lot Acreage
Property Report Carport Spaces
Garage Spaces
Sale Terms
Special Zone
SP/LP
Addl Parcel
Remote Controls
Lot Dimen/Source
Lot Descr.
Lot Location
Assoc Pet Rules, Controlled Access, Exercise Room, Gated Parking, Pool, Spa, Sun Deck, Valet Parking
Directions: south on san pedro on the southern edge of little tokyo
Remarks: AMAZING FURNISHED, TURN KEY, RENOVATED UNIT WITH SMASHING DOWNTOWN VIEWS AT THE HIP AND EDGY LITTLE TOKYO LOFTS. LOFT
COMES REMODELED, FURNISHED, AND ACCESSORIZED; FROM PERIOD MID CENTURY FURNITURE, TO AN ALL NEW PREMIUM APPLIANCE SUITE, AND TOP OF THE LINE LG WASHER DRYER. NO DETAIL HAS BEEN OVERLOOKED. CUSTOM BLACKOUT DRAPERIES, ALL NEW LED LIGHTING, COMMERCIAL SINK, AIR SWITCH OPERATED GARBAGE DISPOSAL, MEDIA CENTER WITH VINTAGE MAGNAVOX ASTRASONIC RADIO/RECORD PLAYER, SAMSUNG LED TV. UNIT COMES FULLY TURN KEY. BRING YOUR CLOTHES, AND YOU ARE MOVED IN. VIEW UNITS AT LITTLE TOKYO RARELY COME ON THE MARKET. DEEDED PARKING, AND 24 UNITS OF GUEST PARKING, POOL, GYM, 24 SECURITY. BBQ AREA. HOA DUES INCLUDE BASIC DIRECTV, WATER, TRASH, PARKING, SECURITY. BUILDING HAS REALLY CHEAP! HIGH SPEED WIFI @ $16.58 PER MONTH(AERIO CONNECT). UNIT INCLUDES EVERYTHING IN THE PHOTOS (EXCEPT:BOOKS, some knick knacks)
24 Hour City Modern
Exposure north Direction Faces
Maid’s No Prop Condition
Sewer Water Type
Community/Development Structure Info Contract Info
1922 List Date
DOM 103
Tax Mello Roos
Year Built/Source
08-17-2015
Complex/Assoc Name
little tokyo loft hoa Stories
6 List Price
$389,000
Pets Allowed/Rules
Yes Building Type
Condominium Orig List Price
$349,000
Highrise Amenities
Prop Subtype
Status Date
08-17-2015
Assoc Amenities
Guest Parking Units in Complex
168 Change Date/Type
10-30-2015/Price Change
Assoc Fees Include
Cable TV Unit Floor #
5 Sale Type
Standard
Community Features
Unit Location
north Probate Y/N
No
Pending HO Asmt
0 PUD
No Avail for Lease
Yes
Builders Tract Code
Balcony
no Lease Option
Yes
Builders Model Code
Security
Builders Model Name
View
Builders Name
Style
Earhtquake Ins.
No Entry Floor #
Land/Lot Info Parking Details Sale/Sold Info
Remarks: Located in Lincoln Heights and is in close proximity to USC Health Sciences Campus, S. Pasad., Downtown, Monterey Park & Chinatown. Condo is located in a gated community with many SC employees, medical and graduate students. This condo has 2 bdrms, a loft that is used as an office or a bedroom, 2 baths, 2 decks, 20 feett high ceiling in the main living area and hillside views. Unit is located in the quietest area in the community and has views of downtown LA, downtown Lincoln Heights and a rolling hills view. Condo has a 2 car garage with remote door + 1 guest parking permit. HOA is $237/mo and includes water, landscaping, security, garbage and community pool + jacuzzi. This is ideal for SC employees, medical + graduate students, CSULA students and employees, downtown commuters and longterm investors seeking rental income. SC employees who are 1st time home buyers can qualify for housing subsidy. USC is planning to build a biomedical research park in the area which will further enhance the prestige and value of this property and the surrounding community.
Community/Development Structure Info
Contract Info
DOM 67
Tax Mello Roos
Year Built/Source
2008/Assessor
List Date
09-22-2015
Complex/Assoc Name
City View Terrace Stories
List Price
$399,000
Pets Allowed/Rules
N/A Building Type
Attached
Orig List Price
$399,000
Highrise Amenities
Prop Subtype
Condominium
Status Date
09-22-2015
Assoc Amenities
Units in Complex
180
Change Date/Type
11-19-2015/Active
Assoc Fees Include
Unit Floor #
Sale Type
Short Pay
Community Features
Street Lighting Unit Location
Avail for Lease
No
Pending HO Asmt
PUD
Possession
COE Plus 3
Builders Tract Code
Balcony
Builders Model Code
Security
Builders Model Name
View
No
Builders Name
Style
Earhtquake Ins.
Entry Floor #
In Connected and Paid
District/Public
Land/Lot Info Parking Details
Sale/Sold Info
Zoning
Parking Type
Garage
Contract Date
Land Type
Fee Total Spaces
2
Sold Date
Land Lease
Covered Spaces
Sold Price
Horse Property
Uncovered Spaces
Sold Price/SqFt
Lot Acreage
2.450 Garage Spaces
2
Sale Terms
Special Zone
Carport Spaces
0
SP/LP
Addl Parcel
Remote Controls
Lot Dimen/Source
Lot Descr.
Lot Location
Exposure Direction Faces Maid’s
Prop Condition Sewer
Water Type
Remarks: Located in Lincoln Heights and is in close proximity to USC Health Sciences Campus, S. Pasad., Downtown, Monterey Park & Chinatown. Condo is located in a gated community with many SC employees, medical and graduate students. This condo has 2 bdrms, a loft that is used as an office or a bedroom, 2 baths, 2 decks, 20 feett high ceiling in the main living area and hillside views. Unit is located in the quietest area in the community and has views of downtown LA, downtown Lincoln Heights and a rolling hills view. Condo has a 2 car garage with remote door + 1 guest parking permit. HOA is $237/mo and includes water, landscaping, security, garbage and community pool + jacuzzi. This is ideal for SC employees, medical + graduate students, CSULA students and employees, downtown commuters and longterm investors seeking rental income. SC employees who are 1st time home buyers can qualify for housing subsidy. USC is planning to build a biomedical research park in the area which will further enhance the prestige and value of this property and the surrounding community.
Community/Development Structure Info
Contract Info
DOM 67
Tax Mello Roos
Year Built/Source
2008/Assessor
List Date
09-22-2015
Complex/Assoc Name
City View Terrace Stories
List Price
$399,000
Pets Allowed/Rules
N/A Building Type
Attached
Orig List Price
$399,000
Highrise Amenities
Prop Subtype
Condominium
Status Date
09-22-2015
Assoc Amenities
Units in Complex
175
Change Date/Type
11-19-2015/Active
Assoc Fees Include
Unit Floor #
Sale Type
Short Pay
Community Features
Street Lighting Unit Location
Avail for Lease
No
Pending HO Asmt
PUD
Builders Tract Code
Balcony
Builders Model Code
Security
Builders Model Name
View
Parking Type
No
Builders Name
Style
Earhtquake Ins.
Entry Floor #
In Connected and Paid
District/Public
Land/Lot Info Parking Details
Sale/Sold Info
Zoning
Garage
Contract Date
Land Type
Fee Total Spaces
2
Sold Date
Land Lease
Covered Spaces
Sold Price
Horse Property
Uncovered Spaces
Sold Price/SqFt
Lot Acreage
2.450 Garage Spaces
2
Sale Terms
Special Zone
Carport Spaces
0
SP/LP
Addl Parcel
Remote Controls
Lot Dimen/Source
Lot Descr.
Lot Location
Exposure Direction Faces Maid’s
Prop Condition Sewer
Water Type
Directions: On San Pedro between 4th & 5th
Remarks: Nice bright Little Tokyo loft. Gorgeous hardwood floors, stainless steel appliances, new stack washer/dryer, one wall of windows. Nice complex with 24/hr
security, pool, gym, dog run and 2 parking spaces.
Assoc Barbecue, Assoc Pet Rules, Dock, Exercise Room, Gated Community Guard, Guest Parking, Pool
Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public
Remarks: Penthouse loft with private balcony at Little Tokyo Lofts. Moments from shopping in Japanese Village, Japanese Cultural Center, City Hall and the Court Houses. Easy access to freeways and public transportation. Bright and sunny unit with skylight, double French doors and private balcony overlooking the beautiful court yard with blue sky exposure. Unit has hardwood-like floors, modern kitchen with stainless steel appliances, washer/dryer, and 12 ft ceilings. 1 assigned parking space and many additional reserved guest parking spaces.. Community amenities include: 24 hour on-site security guard, sundeck with heated pool and hot tub, BBQ, gym, quiet court yard and area for dog run.
Community/Development Structure Info
Stories
Contract Info
DOM 73
Tax Mello Roos
Year Built/Source
1922/Assessor
List Date
09-16-2015
Complex/Assoc Name
6
List Price
$399,800
Pets Allowed/Rules
N/A Building Type
Attached
Orig List Price
$399,800
Highrise Amenities
Prop Subtype
Condominium
Status Date
09-16-2015
Assoc Amenities
Units in Complex
164
Change Date/Type
11-06-2015/Active
Assoc Fees Include
Unit Floor #
Sale Type
Standard
Community Features
Sidewalks Unit Location
Avail for Lease
No
Pending HO Asmt
PUD
Possession
Close Of Escrow
Builders Tract Code
Balcony
Builders Model Code
Security
Builders Model Name
View
Courtyard
Builders Name
Style
Earhtquake Ins.
Entry Floor #
In Street
Public Hook-Up Avail
Land/Lot Info Parking Details
Sale/Sold Info
Zoning
Parking Type
Contract Date
Land Type
Fee Total Spaces
1
Sold Date
Land Lease
Covered Spaces
Sold Price
Horse Property
Uncovered Spaces
Sold Price/SqFt
Lot Acreage
1.750 Garage Spaces
1
Sale Terms
Special Zone
Carport Spaces
0
SP/LP
Addl Parcel
Remote Controls
Lot Dimen/Source
Lot Descr.
Lot Location
Exposure Direction Faces Maid’s
Prop Condition Sewer
Water Type
The Washington Post just reported that overpricing a home by a can be a costly mistake for a seller. The article states that putting the right price tag on a home right out of the gate gives the seller the best opportunity to maximize the return on investment because the excitement of a new listing attracts the peak number of buyers within a week. Sellers who start with a price that is too high can be missing the best opportunity to gain the attention of the largest number of buyers. This often results in a longer selling time and lower price.
