Tag: Alta Lofts

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Alta Loft For Sale Buyer Questions and Answers

Alta Lofts lovely dreams

ASK COREY

Q: What is the HOA contact information? I’m thinking about buying unit 403, and I need to find out if I can make changes to the units. — Vanessa

A: Certainly, the Alta Lofts community HOA Home Owners Association contact info can be found on the L.A. Loft Blog at www.HOADTLA.com. Generally, they will not have an immediate exact answer. As with most condominiums, unit owners who wish to make changes must submit plans and request HOA approval if the construction will affect the neighbors in any way, such as: noise, inconvenience, structural integrity, quality, safety etc.

Unit 403 is active, listed for sale. Here’s a bit more exclusive information about the property, building and neighborhood:

Discover Urban Elegance: The Alta Loft at 200 N San Fernando Rd #403

Welcome to the historic Alta Lofts, where industrial charm meets modern living in the heart of Los Angeles. Nestled in the vibrant Linoln Heights neighborhood, this east-facing unit offers an exclusive gateway to an urban lifestyle enriched with culture and convenience. | More at AltaLoft.com

Historic Roots and Modern Refinement

Constructed in 1925 by the esteemed Morgan, Walls & Clements, the Alta Lofts building originally housed the Fuller Paint Company Warehouse. Today, it stands as a testament to architectural beauty, preserving the art deco flair and industrial grit while offering updated amenities for contemporary comfort.

A Loft that Speaks Volumes

Unit 403 is a remarkable space that opens up endless possibilities for living and working. Spanning 930 square feet, this loft is both spacious and serene, boasting high ceilings and engineered hardwood flooring that amplify the sense of openness. The expansive windows frame breathtaking views of Mount Wilson, creating a backdrop that inspires.

The open-plan layout ensures that your living space is versatile, accommodating everything from entertaining guests to setting up a home office. The sleek kitchen comes equipped with stainless steel appliances, inviting culinary exploration. The oversized bathroom, complete with an in-unit washer and dryer, exemplifies the thoughtful design that maximizes both form and function.

An Abode of Amenities

Alta Lofts doesn’t just offer a place to live; it offers a lifestyle. The building is equipped with fitness facilities, barbecue areas, and a common meeting room—perfect for socializing and staying active. With a low HOA fee of $462.39 per month covering essential utilities and providing on-site evening security, peace of mind is part of the package.

Alta Lofts Tour

Connectivity and Culture at Your Doorstep

Situated steps away from the new Barranca Food Hall, residents enjoy a tapestry of multicultural cuisines and local coffee spots. The building’s location is also a commuter’s dream, with easy freeway access placing DTLA, Glendale, and Highland Park mere minutes away.

A Rare Opportunity

Priced at $488,500 with an enviable $525.27 per square foot, this loft is a unique find in the Lincoln Heights area. It comes with a dedicated parking space, cell phone-controlled security gate access, and guest parking on a first-come-first-serve basis.

Embrace the Alta Life

The Alta Lofts at 200 N San Fernando Rd #403 represent more than just a home—they signify a lifestyle choice for those who appreciate history, design, and urban convenience. Whether you’re a first-time buyer or simply seeking a slice of Los Angeles history, this loft is a rare opportunity to own a piece of the city’s soul.

PROPERTY DETAILS and PHOTOS | ALTA LOFTS

Lincoln Heights: A Tapestry of Culture and Convenience in the Heart of LA

Nestled between the rolling hills and bustling streets of Los Angeles lies Lincoln Heights, a neighborhood that embodies the eclectic spirit of one of the world’s most dynamic cities. This historic enclave invites you to immerse yourself in a world where every corner offers a new adventure, from unique shopping experiences to a mosaic of dining options that tantalize your taste buds.

A Neighborhood Brimming with Heritage

Lincoln Heights is one of LA’s oldest suburbs, a place where history and modernity dance in harmony. Its streets are lined with Victorian homes that whisper tales of the past, while the neighborhood’s continuous evolution introduces contemporary comforts that cater to every lifestyle.

Alta Loft www.AltaLoft.com

Culinary Delights at Your Doorstep

In Lincoln Heights, your culinary journey is as diverse as the community itself.

  • SOTO’s Cuban Kitchen is where the vibrant flavors of Cuba come alive, serving up traditional dishes that are sure to transport your senses to the streets of Havana.
  • Bistro DK Asian Fusion offers a creative spin on classic dishes, where East meets West in a symphony of flavors.
  • TG Thai Food is the go-to spot for those who crave the heat and complexity of authentic Thai cuisine.
  • Origin Story cafe is more than just a coffee shop; it’s a narrative of coffee culture, serving brews with beans sourced from around the globe.
  • Mazal Israeli Mediterranean brings the aromatic herbs and spices of the Mediterranean to your plate, offering a healthful and hearty dining experience.

Retail Therapy with a Twist

Lincoln Heights’ shopping scene is as unique as its dining. Boutiques and fun 2nd-hand shops dot the neighborhood, offering everything from bespoke crafts to vintage finds. It’s a haven for those who seek out the unique, the handmade, and the one-of-a-kind.

Connectivity and Leisure in One Place

The true charm of Lincoln Heights is in its walkability. Stroll to the Metro station and find yourself connected to the wider city, or take a leisurely walk to neighborhood restaurants that cater to every craving. The neighborhood is not just a hub for foodies but also for those who appreciate the outdoors. With parks and bike paths aplenty, it’s easy to enjoy the California sunshine and take in the scenic views.

A Community Vibe Like No Other

Lincoln Heights is more than just a place to live; it’s a community. It’s where neighbors greet each other by name, and the local businesses are the heartbeat of the area. It’s a neighborhood that invites you to be part of its story, to create your own narrative in a place that feels like home.

An Invitation to Experience Lincoln Heights

We invite you to explore Lincoln Heights, where every street corner promises a new discovery. Whether it’s savoring the fusion of flavors at a local eatery, enjoying a leisurely bike ride, or hopping on the Metro to explore further afield, Lincoln Heights offers a lifestyle that’s both vibrant and relaxed, deeply urban yet surprisingly close to nature.

Come and see for yourself why Lincoln Heights isn’t just a neighborhood; it’s a lifestyle.

Request tour information. 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 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. Text and photos created or modified by artificial intelligence. 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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The Tale of Alta Lofts Unit 118: A Cautionary Tale for Home Sellers in Los Angeles

Quick Sale or Fully Marketed Sale?

Real estate is a bustling industry that can offer tremendous rewards, but it also comes with its fair share of pitfalls and cautionary tales. One such tale unfolds in the story of Alta Unit 118, a property located at 200 N San Fernando RD, Los Angeles. What makes this case particularly eye-opening is that the owner sold the property for significantly less than its market value, only to watch an ebuyer investor immediately flip it for a tidy profit.

In a booming market like Los Angeles, where sellers could typically gain an extra $50,000 to $100,000 by fully marketing their properties, the story of Alta Unit 118 serves as an essential lesson. This article delves into the details and aims to provide value to home sellers, buyers, renters, landlords, and investors alike.

Key Details of the Transaction

MLS Listing: OC21175051MR
Size: 1,220 square feet
Sale Price by Original Owner: $475,000
Immediate Resale Price: $549,990
Property Features: 1 Bedroom, 1 Bathroom, $450.81 per square foot
What Happened?

The original owner of Alta Unit 118 sold the property to an ebuyer for around $475,000. An ebuyer, or electronic buyer, usually represents an investment company that uses technology to make instant offers on homes. These offers are often less than market value and can be enticing to sellers looking for a quick sale.

After the purchase, the ebuyer immediately listed the property without making any improvements. Within a short period, the unit was resold for its full market value of $549,990.

The Financial Implication

A quick calculation reveals that the original owner lost out on approximately $74,990 (ignoring transaction fees and other potential costs). In a market where sellers usually make about $50,000 to $100,000 more when selling fully marketed properties, this discrepancy is substantial.

Why Sellers Need to Beware of Ebayers

Quick Sale, Less Profit
Ebuyers offer the allure of a fast transaction, but at a price. Because they’re aiming to make a profit as quickly as possible, they’ll offer less than the home’s true market value.

No Marketing Exposure
Selling to an ebuyer bypasses the traditional marketing process, which includes listing the property on multiple platforms, open houses, and bidding wars—all avenues that could increase the sale price.

Inflated Service Fees
While traditional real estate agents typically charge a commission of 5–6%, ebuyers often have service fees that can range from 6% to as high as 14%. Although it seems like a quicker process, the costs can add up.

Why Working with a Traditional Broker Matters

Market Expertise
A broker who is intimately familiar with the Los Angeles real estate landscape can provide invaluable insights into the best time to sell, price your home, and can even help you stage it for maximum appeal.

Marketing Resources
Traditional brokers often have a variety of resources at their disposal, from professional photographers and staging services to an extensive network of potential buyers. This helps in showcasing your property to a wider audience.

Negotiation Skills
A seasoned broker can effectively negotiate terms, conditions, and prices. In a market like Los Angeles, where prices are skyrocketing, having an advocate on your side can make a substantial difference in your sale price.

Lessons for Buyers, Renters, and Investors

Market Research
Doing your due diligence and market research could save you from paying over the odds for a property or help you snap up a bargain before others notice.

Property Valuation
Always get a property valuation or appraisal. This could be a life-saver, as it was in the case of the ebuyer who bought Alta Unit 118—they knew the unit was undervalued and acted swiftly.

Timing is Everything
If you’re an investor, the tale of Alta Unit 118 demonstrates the lucrative profits that can be made through timely purchases and sales.

Get More Money, Faster, with Less Hassle

The story of Alta Unit 118 serves as a sobering tale for sellers in Los Angeles. In a bustling real estate market, failing to fully market a property can result in significant financial losses. On the flip side, this case presents a valuable lesson for savvy buyers and investors about the gains that can be made through strategic investing.

By understanding the pitfalls and advantages in the real estate landscape, sellers, buyers, renters, landlords, and investors can all make more informed decisions. Always consider working with experienced professionals, like brokers and financial advisors, to guide you through the complexities of the real estate market. This could make the difference between a regrettable loss and a highly profitable sale.

How Much is Your Loft Worth?

Get a free list of recently sold lofts, along with a list of nearby comparable properties currently listed for sale. Fill out the online form:

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. Prices are approximate. All information provided is deemed reliable but is not guaranteed and should be independently verified. Text and photos created or modified by artificial intelligence. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.