Anything that could help alleviate traffic congestion is always going to be a great addition to Los Angeles. #arrivo #hyperloop #dtla
New Hyperloop company Arrivo company has set up shop across from the Budweiser building on the Boyle Heights side of the 4th Street Bridge. In the race to develop Hyperloop, Arrivo seems to be focusing on the sleds rather than a vacuum chamber. The giant skates can carry cars, passengers or freight. Without the vacuum chamber, the speed might not go quite as fast as Elon Musk’s vision, but the development and construction can proceed faster, cheaper, and possibly safer. Zooming along at up to 200 per hour will be quite an improvement over the current state of freeways in the area.
Arrivo is bringing 70 to 80 engineers to the area. Several of them are seeking residences in Downtown Los Angeles, including tax-saving historic Mills Act approved lofts in the nearby Arts District, Historic Core and Little Tokyo.
Get a free list of Mils Act lofts. Fill out the online form:
FLASH FLOODING AND MUD AND DEBRIS FLOWS POSSIBLE FOR RECENT
BURN AREAS OF SOUTHWESTERN CALIFORNIA FROM THIS AFTERNOON THROUGH TUESDAY EVENING… #losangeles #weather #rain #flashflood
.The flash flood watch has been expanded to include much of
southeastern Santa Barbara county…all of Ventura County and all
of L.A. county except the Antelope valley…not just the burn
A cold front will interact with a plume of subtropical moisture
and will bring a period of moderate to heavy rainfall to the
region. Behind the front, scattered showers and isolated
thunderstorms will continue through Tuesday evening. Rainfall
rates in excess of one half to an inch per hour are possible
during the peak of the storm. This storm has the potential to
create flash flooding across the area. Especially vulnerable will
be the areas in and around the recent burn areas where dangerous mud
and debris flows will be possible.
…FLASH FLOOD WATCH REMAINS IN EFFECT FROM THIS EVENING THROUGH
The Flash Flood Watch continues for
* All of Los Angeles county except for the Antelope valley
including all of the burn areas.
* From this evening through Tuesday evening
* Rainfall rates between one half inch to one inch will be
possible with this storm system.
* There is a strong potential for flash flooding and mud and
debris flow in and around these burn areas.
Real Estate News
L.A. Industrial Conversions Coming Up For Sale
New Homes in Downtown L.A. Under Construction
Historic yet spankin’ new and glistening clean stylish urban homes with the latest architecture and most modern conveniences combine with new loft conversions, newly remodeled historic and industrial buildings converted to modern urban live-work residences, all coming to DTLA. #newlofts #dtla #newhomes
New Downtowners and investors love it when old historic and industrial buildings are converted from useless dilapidated structures into repurposed residential live/work lofts with open space, lots of oversized windows and natural light, in the best walking areas near shopping, dining, entertainment and transportation. From 2000 to 2014, more than 20 buildings were converted. But in the last 3 years, there have been only modern construction condos, along with thousands of new apartment rentals not available for purchase. The good news is that this trend is changing.
The most recent loft conversion was Barker Block Warehouse One in the Arts District of Downtown Los Angeles. That was more than 3 years ago.
New Lofts Downtown LA
Where are the new Lofts in Downtown Los Angeles? When Barker Block Warehouse 1 opened in 2014, there was a mad rush on the very first day of sale, with more than 2,700 home seekers for less than 20 available units. The seller had a huge advantage.
New Constructon Lofts Downtown L.A.
While the neighborhood suffered from a glut of unsold properties 6 years ago, Downtown L.A. today is today experiencing a dramatic shortage with just a tiny inventory of affordable homes for sale. The lowest priced cool loft jus sold last month for $348,000 for 500 sq ft at the SB Grand lofts building. For slightly larger medium sized lofts, the cheapest entry level lofts have tripled in price from around $150,000 in 2011 to around $450,000 today. There is currently one loft that is 860 sq ft asking just $412,000 at the SB Grand.
Successful buyers today must take advantage of the most powerful strategies to find bargains around Downtown. Today’s smartest buyers check out the REO bank-owned foreclosures, short sales, distress sales, fixer uppers, raw lofts, as well as the nearby lofty condos and houses with character outside of Downtown LA. For those who want to live in the heart of Downtown, new construction and unlisted properties have most recently provided the best solution. Pocket listings and other unlisted lofts have accounted for more than 30% of the best deals in the past 5 years.
New L.A. Loft Construction
There is hope for buyers who need to see more properties for sale. Home buyers have had found the most amazing lofts and the best prices when they were able to see as many amazing lofts and condos as possible, including those that are not on the internet.
New Lofts Coming to Downtown – Find Out When and Where, and get email notification when new lofts are announced, along with lofts that have been converted to condominium specifications, but not sold yet, like these:
Barker Block Warehouse One – SOLD
Title Guarantee Building
Brockman Building MORE
The L.A. Loft Blog has the scoop on the loft rental buildings that are most likely to come onto the market for sale in the near future, including:
Luxury Loft Tower
Historic Furniture Warehouse – SOLD
Luxury Historic Lofts
Historic Core Flats
Luxury Restaurant Row Historic Lofts
Historic Core Loft Tower with Balconies
Shopping and Restaurant Arcade Lofts
Pershing Square Historic Loft Building
Other loft buildings going condo and new construction lofts: Get a free hotlist of new lofts coming up for sale, with loft rental buildings that are rumored to be going condo in the future.
Be among the first to be notified of new lofts coming up for sale. Also receive lists of Downtown distress sales, unlisted lofts, short sales, raw lofts and sold lofts for comparison. Get invited to see new lofts under construction, loft condo conversions and loft buildings going condo.
Anyone interested in new Downtown lofts can request property descriptions, photos and an early viewing. Beat out other buyers to the best new lofts and best deals by getting on the New Lofts Interest List. Fill out the online form:
Mills Act lofts lead the way for Downtown Los Angeles real estate in 2018. These historic condominiums with exciting character such as high ceilings with concrete pillars come with a built-in bargain thanks to the law that pays owners to maintain the buildings with their original features. #millsact
Readers of the L.A. Loft blog have chosen Mills Act lofts as the most important of topics. Best of all, several Mills Act loft buildings provide some of the coolest and most affordable real estate in #dtla
Get a free list of Mills Act lofts just listed for sale. Fill out the online form:
Downtown is so easy and affordable compared to some places. In West Los Angeles for example, investors will spend hundreds of thousands, sometimes more than a million dollars to remodel or tear down an existing home to make a profitable investment by creating a beautiful and popularly desirable home. The good news is that live/work lofts are much easier and cheaper to transform because the sturdy building does not need to be torn down or remodeled substantially.
In fact, decorating a drab loft and brightening up a dark condo are possibly the cheapest and most effective fixes that home buyers and investor can possible do. There are right ways and wrong ways to do them. For maximum return on investment, the lighting and decor should be picked out by a professional urban interior designer. #lofts #dtla #info
NO WINDOWS? NO PROBLEM
Whether a condo has big bright windows or no natural light at all, filament lamps with dark steel pipe conduit are perfect and popular today for most historic industrial lofts because, in addition to the remarkable historic-meets-modern design, the color and style match and blend in perfectly with existing concrete and exposed plumbing. Add track lighting and additional decorative lighting, and the natural light problem is successfully solved by the right solutions.
Lofts in Downtown Los Angeles are inherently very cool, hip and stylish due to their high ceilings, stand-out character and unique features, so the furniture and decor should match with an energetic vibe or urban chic theme. Prominent artwork, avant garde decor, cutting edge furnishings (economical buys from Ikea usually fit in just fine) and perhaps something whimsical or DTLA-practical such as a mounted bicycle would all fit perfectly in an historic or industrial residential interior. For dim lofts with insufficient natural light, skip the suburban Home Depot stock and instead upgrade to lighting from Restoration Hardware that will provide the substantial “WOW” factor required to make the awesome loft complete. While a loft with amazing views should be decorated with classy, minimalistic style so as not to distract from the views, lofts that lack a nice external view should be decorated fully with dramatic art, decorative furniture and awe-inspiring lighting that provide a rich, full and eye-delighting visual experience. For a few thousand dollars or less, the boring abode has been transformed into a compliment-inducing dream loft and wise investment.
LIGHTING FIXER ALERT
Here’s a loft that matches the perfect criteria for a superior investment: a neighborhood that is transforming from blight to luxury, and a loft unit that only needs some simple touches of an interior decorator and their lighting electrician to transform from boring to brilliant, from cave-like to captivating and from so-so buy to super successful investment:
312 W 5th St #307 SB Grand Lofts Downtown L.A. 860 Sq Ft
Enjoy Downtown life in a spacious historic open floor plan. Modern open loft with fantastic NYC-like character on Broadway and Historic Core. Private balcony facing original brick courtyard. Modern kitchen with stainless steel appliances. Wood floors. Washer and dryer in unit. Large soaking bath tub. Open and airy living space with high ceilings, A/C and heat. Excellent downtown location near Farmers Market, Grand Central market. Minutes to Whole Foods, Ralph’s and great shopping and dining. The building features 24-hr security front desk concierge, fitness room, rooftop sun deck, pool, hot tub with panoramic views of the Downtown Los Angeles skyline. Wired for cable and Internet. Low HOA dues. Pets okay. Great for Downtown live/work! Parking in building available. By Metro station, Pershing Square concerts in Summer and ice skating Winter. Stroll through the renaissance of Broadway, with coming street car as part of the Bringing Back Broadway project. | DETAILS
Get free information about Downtown Los Angeles neighborhoods, buildings, lofts condos and nearby houses. Fill out the online form:
Substantial changes have been made to the federal tax code for the new year. The new law almost doubles the standard deduction for 2018, but personal and dependent exemption deductions are eliminated. This will benefit some taxpayers and harm others. The Tax Reform Bill will have some effect on housing. #taxreformbill #propertytaxes #millsact
The L.A. Loft Blog offers this article on the points that could affect Los Angeles real estate the most:
1. Exclusion of gain on sale of a principal residence
2. Mortgage Interest Deduction
3. State and Local Taxes (SALT)
Because Mills Act homes have become the most popular topic as chosen by readers of the L.A. Loft Blog, this post will get 2018 started off in big way with a complete list of historic Mills Act condominiums and single family homes available for sale in Southern California. As Mae West and Liberace agreed, “Too much of a good thing is… WONDERFUL”, so here are complete lists of all types of Mills Act residential properties all over Los Angeles, Pasadena, Palm Springs and other popular SoCal destinations. #millsact #homesforsale #socal
The more information that we’ve provided, the more insatiable that readers have become in wanting more and more details and data on these amazing homes with stunning beauty, ornate detail, rare features and property tax benefits and beautiful character that can never be reproduced by new homes. Owners of these special properties report that they usually save about 2/3 off the typical property taxes! | MILLS ACT
Because condos are the most popular with LA Loft Blog readers, we will start off with a list of historic and industrial Mills Act Condos Just Listed For Sale. Some of these are live/work lofts with high ceilings, while others are in old, antique aged condo buildings with unique architectural styles that have been well maintained to retain all or most of their original look and features. mills-act-condos-socal-2018 (pdf)
For those with families, or anyone who wants their own yard or real bedrooms with doors that close, sometimes a single family house is preferred. Mills Act approved historic traditional-style homes, along with amazing historic estates for sale can be found here: mills-act-homes-socal-p (pdf)
Get a free list of Mills Act lofts in Southern California. Fill out the online form:
New Lofts Downtown — L.A. Loft Blog’s Downtown L.A. Free Help Line
New Townhomes Los Angeles #dtla –
For immediate assistance with your Downtown LA home search, call us at (213) 880-9910 mobile/text. #newhomes
You can also email us at email@example.com
The authority on Downtown Los Angeles residential real estate, the L.A. Loft Blog is helping thousands to find the most amazing lofts for the least amount of money!
DTLA Real Estate Tips and Tricks
The secret to success in one of the world’s most competitive real estate markets is finding out what the smartest Downtown home buyers are thinking so that we can know exactly where to look and what to do to beat out the other buyers to the best deals. Here are today’s favorite topics chosen by readers of the L.A. Loft Blog: #losangeles
2018 New construction town homes offer a great deal on the latest design and technology. Enjoy unparalleled convenience of parking the car inside the home with large windows and natural light, modern open concept, walkable to restaurants, parks and shopping.
Even the best new homes create a glut on the market that the developer must sell, so they come at a competitive price for very popular properties. Buyers can often get the best deal on a new development townhouse while the construction is still ongoing and before they are sold out. Check out the newest homes nearing completion near Downtown Los Angeles. Get a free list of new homes under construction. Fill out the online form:
Exciting New Year’s Resolution… #helpkids #buyhome #jimmykimmel
As a fellow Lover of Holiday Time, I wanted to write you this personal letter and share with you some exciting news for the New Year. It seems most people establish New Year’s resolutions, but for whatever reason they fall short of keeping them. Each year I highlight a great book that helped me and my team dramatically improve our follow through on achieving important goals and I wanted to share that with you – as sort of a Happy New Year After Christmas Gift; more on the book in a moment.
Some of your friends, neighbors, associates or relatives may have a New Year’s resolution to make a move. Well – we can help them with that, help you and help the kids at Children’s Hospital Los Angeles at the same time. In this special issue, Jimmy Kimmel shares the touching story of his son Billy.
In This Issue Vol 3, Issue 12 January 2018
— Your New Year’s Resolution, maybe
— The NEW Year and Your Friends
— How Your Referrals Help the Children
— And Much More
For the month of January, anyone you know wanting to sell their house, I will guarantee the sale of their home for 100% of Market Value or I’ll Pay the Difference.*
They outline the goals, I agree to deliver, if I don’t, I pay the penalty. Who do you know considering selling their home that would benefit from that kind of peace of mind? Just let me know and we’ll give them a call!
AND REMEMBER… YOUR referrals help the Kids…
Just like last year, we are on a mission to raise $25,000 for Children’s Hospital Los Angeles. We do this by donating a portion of our income from homes we sell. As you know Children’s Hospital Los Angeles does great work in helping kids fight through and survive nasty life threatening diseases like cancer, Non-Hodgkin’s lymphoma, leukemia and others. They also lead the way in helping kids come back from spinal cord injuries as well as early diagnosis of autism. Last year alone Children’s helped over 1,000,000 kids right here in Greater Los Angeles.
BUT, Children’s relies on Sponsorships and Donations to provide their elite level care and keep families expenses to a minimum. So YOUR REFERRALS REALLY DO HELP THE KIDS…
Who do you know considering buying or selling a home you could refer to my real estate sales team?
Not only will they benefit from our award – winning service, you can rest assured we are also donating to a very worthy cause.
I want to make it easy to refer your friends, neighbors, associates or family members considering making a move, so here are your options:
1. You can go to www.ReferralsHelpKids.com and enter their contact info on line or forward the link to who you know considering a move.
2. Of course you can always call me direct as well at 888-240-2500.
Over the last decade of helping thousands of people sell, buy or lease the place they call home, we have met some wonderful, loving, caring people. People like you! And any one considering a move you send our way, you can rest assured that not only will they get the award winning service we are known for but a very worthy cause will benefit as well.
The book I mentioned is actually a collection of 365 Daily Insights written by Zig Ziglar and our company’s Chief Inspiration Officer Dr. Ike Reighard. The Title is just that, Daily Insights.
I find this book to be a great way to start each day and better focus on fulfilling my mission of Serving Others in a Big Way! I just had to share it with you and encourage you to order a copy for yourself or anyone you know.
Thanks again and Happy New Year!
Corey Chambers, Broker Associate
Realty Source, Inc.
P.S. The following story of baby Billy Kimmel may cause you to look at your loved ones differently. It did me. Check it out.
Over the last two decades of helping thousands of people sell their home and/or buy another, we have met some wonderful, loving, caring people. People like you! So your referrals, those you know considering a move, that we help – you can rest assured that not only will they get the award winning service we are known for and the guarantee to back it up, but that a solid portion of the income we receive from the transaction will go toward a very worthy cause.
Again, it’s easy to refer your friends, neighbors, associates or family members considering making a move:
1. You can go to www.ReferralsHelpKids.com and enter their contact info on line or forward the link to who you know considering a move.
2. Of course you can always call me direct as well at 888-240-2500.
IMPACTFUL REAL ESTATE NEWS
Why I Support Children’s Hospital Los Angeles
I grew up right here in Los Angeles. Born right nearby at St. Francis Hospital. I remember when I first heard about a young person close to our family suffering from a nasty disease and getting treated for that at Children’s Hospital Los Angeles. It was then that I began to pay closer attention to the work they do at that hospital. Since then, I have learned that it is a collection of hard working health care professionals, most making their home right here in the Los Angeles area, all coming together for a common cause. That cause is to help young people over come unfortunate health issues that life sometimes throws our way. Being a Los Angeles area, California native, I take pride in supporting in any way that I can the good work
these people do at Children’s. My team rallys around our annual goal of raising money and donating portions of our income to help Children’s in their quest to heal young people when they need healing. My team and I are committed to
providing outstanding results for buyers and sellers referred to us by our past clients. I have discovered that Children’s Hospital Los Angeles shares similar commitments to their patients. And since their services survive on sponsorships and donations we are happy to contribute and proud to support them.
The Heart Institute at Children’s Hospital Los Angeles is the top-ranked pediatric heart center on the West Coast, according to the prestigious U.S. News & World Report Honor Roll of children’s hospitals. Each year, the Institute performs nearly 1,000 heart surgeries and provides the very best care for every child—whether or not a child’s father is famous.
Billy Kimmel is one of those children. The son of late-night talk-show host Jimmy Kimmel and his wife, Molly McNearney (co-head writer of “Jimmy Kimmel Live!”), Billy was rushed to CHLA shortly after birth with a life-threatening heart defect called tetralogy of Fallot. Like all parents faced with this situation, Kimmel and McNearney were scared. But they quickly realized their son was in the very best hands. Indeed, Billy’s successful surgery—the first of three that will be needed to correct the defect—was all in a day’s work for the surgeons, nurses and other caregivers at the Heart Institute.
“Six days after open-heart surgery, we got to bring him home,” said Kimmel during his first monologue back on the show.
But Billy’s story was about to get much bigger. His lifesaving surgery happened just as a health care debate was consuming the nation’s political discourse. Kimmel saw a unique opportunity, and used his return to the show to appeal to lawmakers and the American people, in 13 minutes that ran the emotional gamut.
“Before 2014, if you were born with congenital heart disease like my son was, there was a good chance you’d never be able to get health insurance, because you had a pre-existing condition,” he noted. “If your parents didn’t have medical insurance, you might not even live long enough to get denied because of a pre-existing condition.” Kimmel’s impassioned plea went viral; in addition to reaching his regular audience of around 2 million viewers a night, the clip was viewed more than 11.5 million times on YouTube and picked up by nearly 1,900 other media outlets.
“No parent should ever have to decide if they can afford to save their child’s life.” – Jimmy Kimmel
And just like that, the national conversation shifted. Kimmel brought the potential effects of the health care bill into people’s living rooms, and summed it up deftly: “No parent should ever have to decide if they can afford to save their child’s life.”
CHLA had already been mobilizing physicians, nurses, Trustees and supporters to #KeepKidsCovered, and the hospital’s newfound visibility as a result of Kimmel’s monologue put CHLA front and center in the national conversation about health care coverage.
“This is about the broader issue of preserving compassionate, high-quality care for all children,” said CHLA President and CEO Paul S. Viviano in an op-ed piece on TheHill.com. Viviano reinforced that message in a piece on CNN.com: “We believe children are entitled to health care provisions to protect pediatric-specific benefits providing medically necessary care determined by a child’s physician.”
To date, the fight to maintain health care coverage beneficial to children, families and the community at large has succeeded. If changes to the Affordable Care Act do pass, CHLA urges protection of Medicaid programs, on which many children with complex health needs depend—and nearly 50 percent of newborns in the United States as well. Every time a bill has begun to work its way through Congress toward a vote, CHLA has mobilized with the message that children and families should be protected. And so has Jimmy Kimmel—admirably using his platform to help sustain health care for children and families.
Thank you, Jimmy.
Jimmy Kimmel’s quotes were excerpted from his original monologue on May 1, 2017. To view the clip in its entirety, visit CHLA.org/SeeWhatJimmyShared.
How you can help:
Refer your friends, neighbors, associates or family members considering making a move: www.ReferralsHelpKids.com or call us at 888-240-2500.
As a preview to Downtown’s busy real estate season that begins in earnest on January 2, some 2018 New Year’s homebuyers are coming out early and giving a positive premonition of what is to come. #newlofts #downtownla #dtla
As an example, during the slow period from October 31 to December 26, prospective loft buyers were only interested in the prettiest of places. But, this week, several buyers began giving positive feedback of more challenged lofts such as SB Grand Unit #307 at 312 W 5th St.
The larger, affordable unit receives less natural light than most condos, so it is darker on the inside. The unit has extra open space, high ceilings, upgraded wood flooring and a private balcony. This presents a superior fixer investment opportunity that quickly bumps up in value simply by upgrading the lighting and brightening up the decor interior design. The unit is expected to go from no acceptable offers in several months, to suddenly receiving multiple offers above asking price within a few weeks as the busy home buying season gets started early after the new year in Downtown Los Angeles and extra frenzied home buyers start to come out of the woodwork after holiday distractions are over. Those who want a completely move-in ready loft may prefer a recently upgraded loft or a new loft.
Get a free list of new lofts being created in Downtown Los Angeles. Fill out the online form: