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Unlock the Potential of Big Creativity in the Most Unique Live/Work Space in Downtown Los Angeles: Massive Historic Spectacularly Fun Warehouse Loft!

REAL ESTATE NEWS (Los Angeles, CA) — Central Los Angeles is a vibrant and ever-evolving area, and it’s no surprise that it’s home to some of the most exciting and unique live/work spaces in the city. One such space that stands out is a truly spectacular showpiece studio, originally built as a luxury auto showroom in the 1920s, but has since been converted for a variety of uses. | DETAILS

As you enter through the custom double doors, you’re greeted by a living plant wall that stretches up to the bow truss ceilings, highlighted by walls of original brickwork and polished concrete floors. The open floor plan of the space is both flexible and functional, with a variety of areas to suit different needs.

One of the most unique features of the space is the custom screening room, complete with automatic black-out curtains and blinds. This is the perfect extra large space for hosting events, screenings or presentations. The loft / lounge area with circular staircase adds a touch of elegance and sophistication to the space, and the open dining area and chef’s kitchen / hosting bar that opens up to the lush courtyard through oversized roll-up doors is ideal for hosting gatherings and events.

The master bedroom suite is also a highlight of the space, with its impressive outdoor shower and walk-in closet. A second bedroom or office is lofted above the private library area, providing additional privacy and flexibility. The property also conveniently includes two covered, private parking spaces in the rear, making it easy to come and go as needed.

Located above the newly renovated LA Historic State Park and close to all that Chinatown and DTLA have to offer, this unique and statement space is perfect for a creative brand or individual looking for a one-of-a-kind space to call home. Whether you’re an artist, designer, entrepreneur, or anyone in between, this space has something to offer. With its historical charm, modern luxury amenities and prime location, it’s truly a rare super large live-work find in Chinatown.

In conclusion, this live/work space is a true gem, and it’s no wonder that it’s been coveted by so many different types of users over the years. Its versatility and flexibility make it the perfect space for a wide range of uses, and its prime location in the heart Los Angeles makes it an ideal spot to call home. If you’re looking for a unique and inspiring space that can accommodate your creative and professional endeavors, look no further than this truly spectacular showpiece studio. | PROPERTY DETAILS

Get a free list of luxury live/work lofts for lease in Los Angeles. Fill out the online form.

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker CalDRE 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.

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Reduce Your New Home Mortgage Rate with a Seller Buydown

Many live/work lofts require loft specialist lender for successful mortgage loan and escrow.

REAL ESTATE NEWS (Los Angeles, CA) — Home sales have dropped off substantially over the past few months due to higher interest rates. One of the best solutions is to have the seller provide an incentive in the form of a buy-down to help reduce the home loan interest rate and allow lower monthly payments.

Some real estate developers and new construction home sellers are offering up to $30,000 in inducements to help prospective home buyers get into a shiny, sparkling new residence.

Purchasing a new home is a big decision and one that requires a lot of thought and consideration. With interest rates on the rise, many potential buyers are finding it harder to afford the home of their dreams. However, there is a solution that can help reduce the cost of a home loan and make it more affordable for buyers. This solution is known as a seller buydown.

A seller buy-down is when the seller of a home provides an incentive to the buyer in the form of a lump sum payment. This payment is used to reduce the home loan interest rate and lower the monthly payments. This can be a great way for buyers to afford a home that they otherwise might not have been able to afford.

Real estate developers and new construction home sellers are starting to offer up to $30,000 in inducements to help prospective buyers get into their new homes. This is a great way for buyers to save money on their home loan and lower their monthly payments. It also helps sellers to move their inventory and sell more homes.

The process of a seller buydown is relatively simple. The seller provides a lump sum payment to the lender, which is used to reduce the interest rate on the home loan. The lender then passes on the savings to the buyer in the form of lower monthly payments. This can result in thousands of dollars in savings over the life of the loan.

For example, The monthly payment for a $600,000 home with 20% down at a 6% interest rate would be approximately $2,914. If the seller provides a $30,000 incentive, then the payment could be reduced to $2,913. That’s a $101 per month savings. In some scenarios, the payment could be even lower. It’s worth noting that this is just an estimate, and there are other factors that can affect your monthly mortgage payment such as property taxes, insurance, and private mortgage insurance (PMI) if your down payment is less than 20%.

It’s important to note that not all sellers will offer a buydown, so it’s important for buyers to ask about this option when shopping for a home. It’s also important for buyers to understand the terms and conditions of the buy-down, as there may be restrictions or limitations.

In conclusion, a seller buydown can be a great way for buyers to save money on their home loan and make it more affordable. It’s important for buyers to ask about this option when shopping for a home and to understand the terms and conditions of the buydown. With a seller buydown, buyers can take advantage of the opportunity to save thousands of dollars over the life of their home loan and make the dream of homeownership a reality. To get qualified to access $30,000 in seller buy down incentives for an easier home purchase, call the Corey Chambers Team 213-880-9910.

Industrial and commercial conversion live/work loft buyers often need to use a loft specialist lender in order for the mortgage funding and escrow to be successful. Request a free list of loft lenders. Fill out the online form:

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker CalDRE 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.