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Angels Landing Los Angeles

Angels Landing Los Angeles – artist rendering of new project in Downtown L.A. next to Angels Flight

ANGELS LANDING NEW HOMES FOR SALE | FOR LEASE | UNLISTED

AngelesLanding.com — Plans for another giant high rise development in downtown move forward. $1.6 billion project known as Angels Landing has received key city approvals. It will be located in downtown’s Bunker Hill neighborhood next to the historic Angels Flight funicular railway at 350 S Grand Ave, one of the shortest railways in the world. The new project will consist of 2 high rise towers: one 42 stories together 63 stories. It will be the 3rd tallest building in Los Angeles. The complex will include 2 luxury hotels, condos, a pedestrian plaza and a giant privately managed park. Developers hope to complete the project before the summer Olympics in 2028. | KTLA 5 TV News VIDEO

Designed as an iconic twin tower, Angels Landing is the transformative culmination of Bunker Hill’s redevelopment, which began in 1959. Angels Landing is expected to provide a significant economic benefit for downtown L.A. arts and cultural venues, such as MOCA, Walt Disney Concert Hall and The Broad Museum. As the anchor development for Bunker Hill and California Plaza, Angels Landing also promises to be an unmatched resource in downtown L.A. accommodations, hospitality, travel, tourism, as well as a convention destination.

Angels Landing is an iconic twin-tower hotel and residence “halo-project” for historic Bunker Hill, which aims to attract a large percentage of women and minority owners. Greater L.A. visitors and tourists will be beckoned to Angels Landing’s two five-star hotel properties offering luxury accommodations in downtown Los Angeles rivaling upscale hotels in Beverly Hills, Bel Air, Century City and Santa Monica. Angels Landing also comes with entitlements allowing for a development of “unlimited height.” The 2.6-acre site amounts to 1.3 million “developable acres,” boasts the marketing brochure. Angels Landing Partners, LLC estimates that the huge development will create 8,300 jobs during construction.

In addition to its two magnificent hotels, Angels Landing Plaza – a multi-level, publicly accessible and privately managed open space – will create a new pedestrian-centered mecca for downtown Los Angeles residents, transit commuters and tourists. Angels Terrace will be a multi-level public-use space that promises to provide a divine Central City environment that’s down-to-earth, yet imbued with a cosmopolitan flair and showcasing an L.A. sensibility and established style that the City of Angels has long stood for. Appealing to those in tuxedos or denim alike, Angels Terrace is set to provide an alluring downtown gathering place at the center of L.A.’s iconic arts and cultural landmarks.

The site will in or near Angel’s Knoll, a park that has been mostly closed and fenced off for the last five years. Formerly known as Angel’s Knoll, the park was previously operated by LA’s Community Redevelopment Agency. The area was used as the backdrop in the popular Joseph Gordon-Levitt / Zooey Deschanel romantic comedy movie which appeared in the popular Joseph Gordon-Levitt / Zooey Deschanel romantic comedy movie 500 Days of Summer by Fox Searchlight by Fox Searchlight

The essence of Los Angeles has a new upscale home. Live, work and savor the divine hospitality and residential accommodations, along with the complementary dining, retail and entertainment amenities planned for the Angels Landing high-rise development adjacent to Downtown’s Historic Core, and steps away from the Financial District. The development area is just steps away from new condos Perla on Broadway and the Pan American Building.

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Tremendous new development to replace fenced park next to Angels Flight

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 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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Broker Price Opinion

Order a Broker Price Opinion from an experienced real estate professional.

A broker price opinion, or BPO, is a real estate professional’s written opinion of a property’s estimated market value. BPOs are most often referred to when setting the list price of a property, similar to a comparative market analysis. A Broker Price Opinion is also sometimes used in the case of a foreclosure or short sale. | QUICK ORDER

While browsing real estate listings, prospective home buyers and sellers want to know the prices attached to those properties. Buyers want an idea of how much money they will need to buy each home, and sellers need to know how much they will receive when they sell a property. But who sets those numbers? If the home seller is working with a real estate agent or broker to handle their transaction, the list price of the home is likely influenced by some kind of broker price opinion.

To determine the BPO, a real estate agent or broker will use expertise and experience to assign a dollar amount to a property based on recently sold prices of comparable nearby properties. BPOs are normally performed by a broker who is familiar with the local housing market. Brokers may also take into account an estimate of any improvements or the costs of any necessary repairs.

For some official functions, such as for mortgage financing, an appraisal by a licensed home appraiser is required. A BPO will not suffice for home purchase transaction financing lender decisions. For most other uses, such as basic, unofficial research or verification of home value to a home owner with property value knowledge, such as helping to decide the listing amount, the BPO fits the bill, and at a much lower price than an appraisal. A BPO may provide a quick, easy second opinion for a home seller to consider before accepting an offer from a buyer.

Often taking less than 24 hours, a Broker Price Opinion is cheaper, faster and easier to schedule than a licensed appraisal, and can sometimes include additional information that may not be provided with an appraisal, such as: pros and cons, building report, county assessor record, investment opinion sold properties report and area lenders report. The BPO may be requested for any kind of property, including single family home, condo, multi-family, commercial property or land.

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A Broker Price Opinion may be requested for residential, commercial and other property types.

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