Biggest mistakes being made today by buyers of new lofts:
Purchasing a loft property is often times different from purchasing a house or a condominium. The best way to protect yourself from making mistakes that can’t be reversed is to bring a buyer’s agent. Corey Chamber’s team offers years of experience specifically in Downtown Los Angeles and specifically with Lofts. The following is a list of common mistakes buyer’s make and mistakes that Corey’s team can help you avoid.
1. Paying too much for the new lofts
2. Not using downtown loft specialist buyers agent
3. Not bringing agent with on first visit
4. Not finding out about defects in building
5. Not having the right strategies to negotiate with the seller
6. Not finding out about potential conflicts with HOA management and owners
7. Not finding out about potential health hazards near the building
8. Not seeing the alternative resale properties, including pocket listings, unlisted and unadvertised properties
Our free home buyer consultation is your first step to a successful home purchase. Because we specialize in Lofts, we can tell you what to expect, both the good and the bad. While being enthusiastic and energized is a good thing, and buyers may not want to hear bad news for fear of losing enthusiasm, we believe that understanding fully what is going to happen in a purchase will fight against buyers remorse and help a person be fully satisfied with a purchase of new home.
The Lincoln Heights neighborhood in Los Angeles is technically not in Downtown, but offers Downtown lofts at lower prices. Lincoln Heights is considered to be the oldest neighborhood in Los Angeles outside of Downtown, dating to the 1830s. Located by Chinatown, Elysian Park, Montecito Heights and Boyle Heights, the area is perched on bluffs above the Los Angeles River and it was originally home to some of the city’s wealthiest residents. The early residents built a large number of Victorian mansions in the district (many of which have been preserved under the city’s historic preservation program).
Lincoln Heights is known for it’s beautiful Park. It was one of Los Angeles’ first parks. The park contains a large lake (Lincoln Park Lake, originally East Lake), a recreation center, a senior center, a playground, picnic tables, and ball fields.
Also in the area is the world renowned Brewery Lofts Artist Colony, the worlds largest artist loft rental complex. The Brewery Art Colony, has been called the largest live-work artists’ colony in the world. The compound sits on twenty-one former warehouses with an old Edison power plant chimney dating to 1903; it contains house work studios, living lofts, restaurants and galleries.
The Brewery Art Walk is a twice-annual free event showcasing Los Angeles artists selling fine art at studio prices. Artists open up their homes to the public and allow them to browse and purchase their artwork in their lofts.
The Brewery Art Colony consists of three and hundred twenty oversized artist lofts converted from the former Pabst Blue Ribbon Brewery. Zoned for live/work, the lofts house hundreds of artists working in dozens of media – from painting, sculpture and photography to industrial design, architecture and experimental new media.
See Unlisted, Unadvertised Loft Rentals in Downtown and Lincoln Heights in the 3-Hour Loft Tour
Lacy Street Lofts Lincoln Heights Los Angeles
Another artists community and loft rental complex is the Lacy Studio Loft complex. Also called the Lacy Street Lofts, the Property’s 46 live/work studio units spread across a uniquely-urban-landscaped campus, 30+ foot ceilings with mezzanines and skylights, polished concrete floors, and painted drywall with exposed brick walls. All have units have operable windows and many have small outdoor areas. These extraordinary spaces with tall ceilings, city views and skillful architectural detailing, are tailored to the needs of intensely creative artists and entrepreneurs involved in visual and performing arts, as well as all aspects of the entertainment industry.
This location has a lot going for it. It is right next to the Metro Goldline, there is a park nearby, a local commercial neighborhood center is down the block, it has easy access to the L.A. River/Arroyo Seco, and it’s next to the 5/110 freeway interchange. Lacy Street Studio Lofts has own art walk and art events.
The Edward Reyes Humboldt River Greenway project converted a 135-acre space, located between Avenue 18 and Avenue 19 in Lincoln Heights, into a storm water greenway. It takes runoff-water though a storm drain beneath Humboldt Street and transports it through landscape features that cleanse the water of pollutants before releasing it into the Los Angeles River. The project includes vegetation, trees and an irrigation system. The park is lit with solar lights, and includes bridges, drinking fountains and a bike stop for pedestrians.
Alta Lofts is the only industrial loft condominium building in Lincoln Heights. Take a step away from the norm. Wander past where and what you know and discover ALTA Lofts, where remarkable open spaces take loft living to new heights within a dazzling and vibrant community alive with possibilities.
Details matter at ALTA Lofts. Colors, cabinets, fixtures – each has been thoroughly identified to work with each other to create a warm and friendly and inspiring living environment.
Building Features
Amazing unobstructed views of Downtown, Elysian Park and surrounding communities
Historic building with original architectural elements and two new modern penthouse floors
Fully landscaped first floor courtyard and paseo
Fifth floor deck
Designated parking in gated and adjacent garage
Ground floor retail
Interior Features
High ceilings throughout – 7’ 10” to 11’ 6” ceilings
Double height ceilings in select penthouse units –18’ to 21’6”
Private balconies (selected units)
Exposed original walls and ceilings (most units)
Original windows reglazed with dual panes
Sectional overhead doors (selected units)
Hardwood flooring (floors 2, 3 and 4)
Ceramic tile flooring in baths (some units)
Whirlpool stainless steel kitchen appliances
Granite countertops
Stainless steel kitchen sink
36” refrigerator space pre-plumbed for automatic ice-maker
Central heating and air conditioning with energy saving night set-back thermostat
Puerta del Sol is a 165-unit mixed-use condominium with retail project located northeast of Downtown Los Angeles in historic Lincoln Heights. The development is part of the ongoing revitalization of the neighborhood. Puerta del Sol is located on a 2.9-acre site, part of a master development adjacent to the new Avenue 26 / Cypress Park Gold Line station. The homes are designed around a large courtyard and have a mix of studios, lofts, and 2-, 3- and 4-bedroom family condo units, most with balconies or patios. Live-work units line the frontage and have street access, creating a pedestrian environment
Get free assistance from the Lincoln Heights Real Estate specialist. Call Corey Chambers to make an appointment to see loft rentals and lofts for sale at (213) 478-0499
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