We all like to think we are in the smarter half of home buyers, sellers, renters or landlords. Chances are we can honestly make that claim if we are getting enough information from the smartest and most knowledgeable folks in real estate. #top10 #dtla #lofts
The brightest bulbs in DTLA real estate are the readers of the L.A. Loft Blog. That’s why we’re paying so much attention to what they’re doing, saying and reading. So, here’s the Top 10 List of what they’ve been focusing on this week:
Open House Lofts Downtown – Get a free list to see this Saturday and Sunday
FROG TOWN ART WALK IS SATURDAY, SEP. 22 FROM 4-10 PM | DETAILS
Think you’ve seen everything? Chances are you’ve missed the most amazing deals because they are not on the internet and not listed with a real estate agent. They are coming soon homes, unlisted, pocket listings, secret homes for sale and other off-market properties.
Real Estate News — Comparing the Lowest Priced Lofts in DTLA
The L.A. Loft Blog recently reported that Downtown L.A. homes sold at a median price of $619,500 with 42 days on market. Since many buyers need to spend less than that, this post will compare and contrast the lowest priced loft buildings in Downtown LA. #dtla #realestatenews
TOP 10 PLACES WITH THE BEST DEALS
For those who need to get more for less, there are ten buildings that are most likely to be in the running. Starting with the best deals, the lowest asking prices and lowest HOA dues, here is a quick comparison of the pros and cons so that prospective Downtowners and investors can find the right match at a glance:
SB Grand 312 W 5th St – Lowest price per square foot and lowest HOA dues. Popular location by Pershing Square in the Historic Core. Rooftop pool and hot tub spa. 24-hour front desk security concierge. Incomplete financials, lots of chaos and commotion outside, high renter ratio, litter, plumbing issues, lender issues.
Little Tokyo Lofts 420 S San Pedro St – Best deal on a Mills Act historic industrial loft that includes covered parking, free guest parking, swimming pool, hot tub spa, BBQ and 24-hour security of gated complex. Across the street from homeless shelters and tents. Water intrusion. Mental clinic in the building.
Textile Building 315 E 8th St – Beautiful Mills Act historic building with big windows, natural light, views and convenient parking. Rooftop deck. Near Skid Row. Leasing restrictions. Noisy intersection.
Eckardt Building 738 S Los Angeles St – Mills Act historic industrial building with all of the amenities and patrolling security guards near lots of shopping and dining. Most affordable units have parking a block away in Skid Row. Water intrusion.
Cornell Building 746 S Los Angeles St – Mills Act historic industrial building with all of the amenities and patrolling security guards near lots of shopping and dining. Rooftop BBQ lounge. Most affordable units have parking a block away in Skid Row.
Higgins Building 108 W 2nd St – Beautiful clean, safer neighborhood across from police headquarters, Mills Act historic building has rooftop deck with dramatic up-close skyline views. Restaurants in building. Parking not included. HOA special assessment cost.
Bartlett Building 215 E 7th St – Central walkable location, Mills Act historic building has rooftop deck with dramatic skyline views. Parking not included. Busy, noisy street.
Douglas Building 257 S Spring St – Beautiful Mills Act historic building with distinctive architecture and character. Original brick and amazing original wood floors. Some units include parking in building. Usually nothing for sale.
Beacon Lofts 825 E 4th St – Industrial lofts in the best part of the Arts District across from Little Tokyo Mall, entertainment and large grocery store. Rooftop deck with hot tub spa, outdoor kitchen and skyline views. 2-car tandem parking. Usually nothing for sale.
Alta Lofts 200 N San Fernando Rd – Bigger, modern industrial lofts with lots of natural light and views, low cost per square foot. Parking and guest parking. Social room and gym. In less-walkable industrial neighborhood, 3 miles to Downtown with increasing traffic.