Tag: buy

Posted on

Happy New Year 2016 Downtown Los Angeles

How to get the most out of the most important investment in the most exciting place on Earth, real estate in Downtown L.A. #downtown #condos  Revelers have a lot to be happy about at the end of 2015, posting gains of 8% for DTLA property values. This L.A. Loft Blog post will give a prediction of the market for 2016 and beyond. This comes on top of even larger gains for 2012 through 2014.

young party

While revelers prepare to enjoy New Year’s Eve in Downtown’s LA LIVE, the new center of the universe that is slowly replacing celebratory aspects of Hollywood and Times Square, the savvy investors are staying home to plot their plans for big gains in 2016. The home buying season starts early every year in Downtown LA because the energetic, entrepreneurial urbanites usually have no kids or school to be concerned with. Many buyers begin seriously searching for properties to buy in January, and then a large number of home purchase escrows are usually closing by May.

As the floodgates of homebuyers opens up for the new year, prospective home buyers are preparing for an uphill battle, competing against a large number of potential Downtowners for a very low inventory of lofts and condos for sale in DTLA. With a limited selection of homes for sale, investors and future urbanites need as many advantages as possible to find the most amazing loft at the best price.  To help with that goal, the L.A. Loft Blog presents a few of the most important items to help buyers to get the best deal in Downtown:

  1. Pocket Listings, Unlisted and Off Market Properties – 45% of the best deals in Downtown real estate are not listed on the internet, and not listed in the agents and brokers Multiple Listing Service.  A Downtown LA pocket listing specialist is the best source to provide access to these private deals at no cost to the buyer.
  2. Get informed on all of the unique challenges and downsides of Downtown lofts. Besides lots of homeless people running around, Downtown Los Angeles lofts have other unique issues. More than 25% of current listings involve a building that is currently or recently engaged in a lawsuit or litigation of some kind.  The popular Barker Block is involved with litigation, and has a questionable new shopping center, also a possibly contaminated park being built across the street. Buyer’s need a Downtown specialist to help provide information about these potentially negative issues.  Alta Lofts HOA recently announced a claim against the developer for construction defects that could potentially turn into a lawsuit and affect home values. All Downtown buildings have major pros and cons.
  3. Avoid loft lending nightmares – More than half of homes for sale in Downtown are industrial or commercial buildings that have been converted to live-work under the City of Los Angeles Adaptive Re-Use Ordinance.  Most home loan companies do not know what a loft is, they do not check the building type up front, and they come back later with bad news about delays, cancellations or higher rates for loft financing.
  4. MORE – Beat out other buyers to the best deals in Downtown condos and lofts. Most buyers and most agents do not know how to implement very advanced strategies to give the buyer as much advantage as possible.  These strategies include advanced software, intelligence gathering, outmaneuvering, and out-negotiating the listing agent to place the buyer’s interests far above the seller’s interests. The good news is that it is free. The buyer simply needs to make a decision that they deserve the best deal possible, the best price and the all possible advantages. Get free information on how to take advantage of the Downtown VIP Buyer program at no cost at www.LALoftVIP.com or visit http://www.lacondoinfo.com/technology

PREDICTION FOR 2016

The L.A Loft blog predicts that 2016 is expected to have gains similar to 2015, around 7%. Most buyers have been cautious recently. Contrary to what some believe, there will be no big, dramatic drop is prices any time soon.  Because the money supply is still very loose, the opposite is actually more likely. Inflation pressure caused by unprecedented quantitate easing is just as likely to cause home prices to have an unexpected jump in the near future.

new-homes-cp-ad-domain-rsi-j

Get a list of new condos in Downtown Los Angeles. Fill out the online form:

Find homes in Downtown Los Angeles:

CONDOS DOWNTOWN LA  [MAP]

button        button (1)        

SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

Corey Chambers, Realty Source Inc, BRE#01889449
LA Live South Park Downtown
LA Live South Park Downtown
Posted on

River House New Condos Special Update

Real Estate News – New Condominiums to Open For Sale Soon

The L.A. Loft Blog is not affiliated with River House

New information has been released with details on the new River House condos now completing construction on the Los Angele River in the Elysian Valley, also known as Frog Town.

river-house-55-concerto-mk12

river-house-55-concerto-mk31It is described as an eclectic collection of 56 stylish townhomes and flats (so far, see nothing eclectic, townhome-like nor flat-like as the construction continues to look more like a common, albeit new, apartment-style condo complex). We certainly agree that River House offers the chance to be part of history in the making as the residents will be among the first to witness first hand the revitalization of the LA River. The Los Angeles River is in the preliminary planning stages of a possible $25 billion facelift.

Just steps away from a popular new bicycle path and kayaking area of the river, the new condominiums are also next to the large, new Marsh Park.

river-house-55-concerto-mk24The community will feature contemporary industrial inspired exterior finishes with metal siding accents and custom designed ornamental iron; outdoor fireplace at deck level complemented with several seating and gathering areas; landscaping at the deck level in self-watering pots, water-conscious landscaping and natural surfaces at ground level areas; landscape features, barbeques and an outdoor fireplace; water feature at the ground level area along the river; energy-efficient lighting throughout the common areas; shade sails in the courtyard; gated underground parking garage; EV electric vehicle charging stations; guest parking and state-of-the-art entry access system.

river-house-55-concerto-mk18The residential units will include central heating & air with state-of-the-art thermostat control unit; low E dual-glazed windows; Cat5 e and RG6 communications package structured to accommodate service by Time Warner and Direct TV; spacious 9 foot ceilings; extensive use of energy-saving LED lighting throughout; ceiling fans with lights in all bedrooms; contemporary industrial style accent lighting in kitchen and bath; humidistat-controlled bath ventilation; designer-selected paint throughout; contemporary square-nose drywall corners; light orange peel finish on the walls with a light knockdown texture on the ceiling; contemporary slab-style front door; Masonite West End Collection interior doors; engineered wood, tile and carpet flooring per plan; decorative 2-inch horizontal blinds throughout; walk-in closets in bedrooms per plan; smoke and carbon monoxide detectors with battery back-up.

river-house-int-construction-c
Stylish Designer Interior Touches

With construction nearing completion, the gourmet kitchens will be equipped with stainless steel Whirlpool kitchen appliance package that include:  Energy Star® qualified counter-depth french door refrigerator; Energy Star® qualified dishwasher; free-standing self-cleaning gas range; combination microwave and exhaust hood vented to the outside; roll-out two-bin trash and recycling component; quartz countertops finished with polished 1-½ inch mitered-edge, 6-inch backsplash and stainless steel undermount sink.  >> MORE

river-house-55-concerto-mk28Master bathrooms come complete with European-style cabinetry, quartz bath vanity finished with undermount sink, mitered edge and 4-inch backsplash, glass shower enclosure per plan; framed mirrors; Delta® ARA™ faucets and shower/tub fixtures; full porcelain tile shower stall with shampoo shelf; porcelain tile floor throughout.

The powder rooms include European-style cabinetry; quartz vanity countertop with undermount sink, mitered edge and 4” backsplash; and porcelain tile floor.

river-house-55-concerto-mk26The secondary bathrooms have European-style cabinetry; quartz vanity countertop with undermount sink, mitered edge and 4” backsplash; porcelain tile tub/shower surround and tile floor.

The laundry option includes a GE® Energy Star® qualified frontload washer and a GE® Super capacity frontload gas dryer.

KCET has more details about the improvement of the LA River.

Request details, floor plans, early viewing and a $10,000 Savings Guarantee Certificate. Fill out the online form:

savings-guarantee-save-10-grand-10-1k-rsi

–

Copyright © 2015 This free information provided courtesy Corey Chambers, Realtor, Realty Source Inc BRE#01889449.  The L.A. Loft Blog, Realty Source Inc and Corey Chambers are not associated with River House or Anastasi Development. For more information, contact (213) 880-9910 or visit LARiverHouse.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. Subject to terms and conditions set by the seller and developer. Certificate for savings of $10,000 off asking price or $1,000 off closing costs is offered to Corey Chambers VIP Buyer Program members only. Home Hunter Service, VIP Buyer Program and Buyer Profile System cost nothing to the buyer, and there is no obligation to buy.