Is the Arts District part of Downtown Los Angeles?

Over the last 45 years that I’ve been passing through Downtown L.A., perceptions of the neighborhood have changed as the area itself has improved.

Arts District sign

Some prospective home buyers and renters consider the Arts District to be different or separate from Downtown LA, but the Arts District is actually very much part of Downtown. In fact, it’s a very important part. #artsdistrict #lofts

Arts District Swimming Pool Molino Lofts
Arts District Swimming Pool Molino Lofts

The Arts District is the neighborhood on the eastern edge of Downtown Los Angeles, Los Angeles, California, United States. According to Wikipedia, the gritty area has given new life to old industrial buildings whose history often dates to the early 20th century. While the creative spot has lower buildings, typically under 12 stories, that is now changing.  The planning commission just signed off on a much taller tower for 520 Mateo in the Arts District, right across the street from Molino Lofts and the coming new At Mateo shopping center. “Thirty-five stories in the Arts District, well it’s a first,” said commissioner Dana Perlman. But it won’t be the tallest for long.  Developer Sun Cal is planning a massive new complex at Sixth and Alameda streets that will be anchored by twin 58-story towers, according to LACurbed.

After these two developments are complete, it will be a bit more obvious that the Arts District is very much part of DTLA. #downtownlosangeles

Arts District Downtown Los Angeles Molino Street Lok For Lease
Arts District Downtown Los Angeles Molino Street Lok For Lease

Get a free list of lofts for sale or for lease in the Arts District.  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

At Mateo Arts District

 

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.

U.S. Home Sales Fall

CNBC reports that US existing home sales fell unexpectedly for the second straight month.  #realestate #market #us

U.S. Home Sales Fall
U.S. Home Sales Fall

The National Association of Realtors announced on Wednesday that existing home sales slipped 0.4%, the second straight monthly decline in sales.

The L.A. Loft Blog recently reported that prices are down sharply in Toronto, and the New York City luxury market is soft.  There are also signs of a possible plateau in the West Los Angeles luxury market.

Interest rates have risen a bit. Fed Chairman Jerome Powell said the U.S. central bank should continue with a gradual pace of rate increases.

Downtown Los Angeles home prices continue to rise.  DTLA home owners have an advantage, as the area has previously proven to be more resilient than most U.S. neighborhoods regarding home prices.

Arts District Downtown Los Angeles Molino Street Loft For Lease
Arts District Downtown Los Angeles Penthouse Loft For Lease  500 Molino St #302

Meanwhile, rents are up 5% in the last year.  And home prices in the Arts District are up.

Get a free list of Arts District lofts, condos and apartments. 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

Home sales down in the USA
Home sales down in the USA