Downtown L.A. Home Buyers Change Their Minds Due to Rising Crime

REAL ESTATE NEWS (Los Angeles, CA) — More prospective Downtown Los Angeles homebuyers have been changing their minds, deciding not to buy, as Los Angeles crime grows out of control. Their stories are similar: #dtla #homebuyers #renters

My wife and I have decided to abandon our search in DTLA. The crime situation (which I had been trying to turn a blind eye to) is just too troubling for us to feel like we wish to continue living here. We have grown tired of the constant sirens, LAPD helicopters and today more knife crime only a few blocks away. I think we will now take stock and sadly look at renting in a safe part of LA County.

Other would-be loft buyers have echoed the sentiment, calling Skid Row “intense.”

Established residents are beginning to take action as the streets fill up with derelict vehicles, and sidewalks become unwalkable. A group of residents at one Los Anglees loft condominium building recently put together a petition requesting that their city provide adequate law enforcement, and clean up the surrounding streets and sidewalks, which are cluttered and clogged with dangerous refuse that breaks federal laws and likely to cause injury as residents trip over the objects or are forced to walk in the streets that lack functioning street lights.

Even after the recent riots quieted down, Angelenos are unable to get basic emergency services as violent assaults occur in LA streets. When a lady was assaulted by a bottle-throwing mentally ill woman this week, calls to 9-1-1 emergency hotline went unanswered, with busy signal after busy signal.

Local residents plea for assistance:

Our neighborhood looks worse every day. it would be so wonderful if we could get some kind of plan of action by way of street cleaning in our area. I know the city is low on money and I’m sure our community would be willing to pitch in. I know that 26th and Humboldt has regular street cleaning services. We request the surrounding areas around Alta lofts be included. Let me know how I can help.

Businesses and residential neighborhoods alike are impacted as women and children find many areas too unclean and unlawful for anxious residents to walk safely:

Please clean up the homelessness and trailers around Barranca St and San Fernando Rd. I’ve seen several people living in them peeing and defecting on the street with their exposed parts showing around young children.

The City of Los Angeles is today facing the most worrying explosion of urban blight in the city’s history as city, county and state officials are focused narrowly on politics while neglecting to take care of the basic necessities of tax-paying residents.

The taxpayers simply ask for basic cleanliness and safety that the City of Los Angeles is required to provide in exchange for tax dollars, as succinctly clarified by one L.A. loft owner:

Please keep our neighborhood from going ugly and keep our streets sanitary.


Reader Questions:

Avoid up to $120 in application fees when applying for a rental in Downtown Los Angeles

Q: Is there a way that I can avoid paying a lot of money for lease application fees? A: Yes, renters can avoid expensive lease application fees by taking advantage of the L.A. Loft Blog’s NO FEE GUARANTEE. It helps renters reduce application fees using a free online application and free credit reports accepted by most managers and landlords.

No Application Fee Guarantee

For those renters who not only want to find the place that perfectly suits their needs and desires… but to also rent their ideal pad for the lowest possible price — We can help you accomplish both of these goals; and here’s how it works: Once you become one of our VIP Renters, and we’ve helped you find the rental that you want to move into, we will negotiate on your behalf to help you lease this rental unit without paying any application fee guaranteed, or we will reimburse you up to $120 upon signing of the lease. Offer expires July 31, 2020. This guarantee applies to rentals in the Downtown Los Angeles area over $2,400 per month. That’s pretty straightforward isn’t it? You see, we specialize in helping savvy home buyers and renters like you get the loft or apartment of your dreams by guaranteeing our services.

Get a free list of lofts for lease in Downtown LA. Fill out the online form:

Assault victims in peril as 9-1-1 emergency services fail to answer the call in Los Angeles

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449 We are not associated with the homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.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.

Real Estate Market Report Downtown Los Angeles May 2020

Home prices fall as tent cities sprawl

The monthly DTLA sold homes report has arrived. The month of May has revealed panic selling in Downtown L.A. as many buyers and sellers stayed clear of the market. Only 16 residential properties were transacted, and they sold faster, and at lower prices, indicating that a few savvy investors took advantage of the declining property market by demanding home price concessions from motivated sellers. #realestate #dtla #homeprices

The median Downtown LA home price dropped from $574,500 in May of 2019 down to $526,000 last month. Those few sellers who were willing to sell were in a bit of a rush. The average property sold in 32 days compared to 37 days for the same period last year.

The L.A. Loft Blog continues to forecast falling real estate prices for most months in 2020.

Reader Questions:

Q: What is happening at chase tower downtown la 1100 wilshire? A: The luxury highrise loft condo building HOA may still dealing with several lawsuits. There’s 10 units for sale and several for lease. For lawsuit details, request a litigation search.

Q: Hello, My name is Van im an artist and filmmaker living in LA for the last 12 years. Always dreamt of having a big live/work in the city but could never afford it. Im looking for something in the low 2k’s per month, and i have a small dog. must include parking as well. im flexible with price. let me know if you can show me a few places, i called twice today but couldnt get thru to anyone. thanks so much. Van A: Thank you for your request. I may not currently have any listings in your price range, but you will find some on the LA Loft Blog, then I can tell you the contact info of a listing agent.

Q: Is the middle class really moving out of California? A: Yes, Approximately 388,000 net persons moved away from California in 2019, with the majority of them middle income couples and families.

Q: Are we going to have a housing apocalypse? A: Yes, something like that. The word “apocalypse” may be a bit dramatic and fanciful, but housing is one of many sectors that shall experience tremendous shocks and cascading crises due to the radical, unprecedented global economic shutdown. The L.A. Loft Blog, which predicted a deadly respiratory plague, was the first to warn that the cure for coronavirus (AKA mass hysteria and global panic) shall be much worse than the disease. 600 doctors later agreed, IMF International Monetary Fund and CNBC are all on the same page, warning about unexpected, extremely detrimental economic effects of lockdown.

http://www.laloftblog.idxbroker.com/i/downtown-los-angeles-lofts-for-lease

Find out what the home down the street sold for

Find out how much the loft down the street sold for. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | PopularLuxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking
National Guard troops leaving Downtown Los Angeles after riots and looting quiet down

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449 We are not associated with the homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.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.