Tag: condo

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Los Angeles Amazing 2-Story Industrial Live/Work Loft For Lease 1,250 Sq Ft at Alta 200 N San Fernando Rd #119 $2,300

2-Story Loft For Lease Los Angeles at Alta
2-Story Loft For Lease Los Angeles at Alta

AVAILABLE NOW — Nestled in the vibrant heart of Los Angeles, where the historic charm of Lincoln Heights meets the buzzing energy of Downtown, the Alta Lofts stand as a beacon of modern urban living. Unit 119 is available short term or long term, furnished or unfurnished.

Among its many sought-after units, none captures the essence of this dynamic lifestyle quite like Alta Lofts. This is not just another property listing; it’s a glimpse into a lifestyle coveted by many but lived by few. | VIDEO

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Spanning an impressive 1,250 square feet, this condominium unit blends the industrial heritage of the 1925 building with contemporary luxury, following a significant enhancement in 2009. This loft boasts an oversized bathroom, central air conditioning for those warm Los Angeles days, and a plethora of modern amenities. The heart of this urban sanctuary is its open-concept living space, which seamlessly combines a state-of-the-art kitchen with the living and dining areas, making it a perfect setting for entertaining guests. Available furnished or unfurnished. The historical significance of Alta Lofts, combined with modern renovations, offers a unique living experience. Its strategic location at 200 N San Fernando Rd in Lincoln Heights places residents at the crossroads of culture, convenience, and connectivity. Just moments away from Chinatown, Elysian Park, Dodger Stadium, Frog Town river bike path, and the pulsating heart of Downtown Los Angeles, Alta Lofts offers an unparalleled urban living experience.

  • Windowed Warehouse Style Roll-Up Door
  • Views of Elysian Park and the Metro
  • Largest Wall of Windows
  • Palatial 17 Ft High Ceiling
  • Extra Large Bed Area Mezzanine
  • Fits California King Bedroom Set
  • Extra storage
  • Large Separated Bed Area
  • 2-Story Loft
  • Shower Tub
  • Large Bathroom
  • Washer and Dryer In Unit
  • Pantry
  • Modern Kitchen
  • Live/Work Industrial Loft
  • Stylish Alta Loft
  • Convenient to All of Los Angeles
  • Alta
  • Courtyard
  • Gym
  • BBQ

The loft’s high ceilings and large windows invite an abundance of natural light, highlighting the sleek, modern finishes and meticulous attention to detail. The space is designed not just for living but for living well, with every inch thoughtfully utilized to enhance comfort and style. The true value of this property, however, extends beyond its walls. With a vibrant community at its doorstep, residents have access to an array of amenities within the building, including a fitness center and communal barbecue areas. Free guest parking when available. The neighborhood of Lincoln Heights offers a rich tapestry of cultural experiences, dining, and entertainment options, all within walking distance or a short drive. Come take a look!

Unit 119 at Alta Lofts is more than a property; it’s a lifestyle emblematic of modern Los Angeles living — where history, culture, and convenience converge. Gated, covered assigned parking space is included. For those interested in exploring this unique living opportunity, contact Corey at 213-880-9910 or corey@altaloft.com

Request a tour or more information. Fill out the online form.

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To request a viewing appointment, call Corey 213-880-9910 coreychambers@yahoo.com

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FNMA Secret Blacklist: Understanding Fannie Mae’s Covert Condo Clampdown

REAL ESTATE NEWS (Los Angeles, CA) — In the labyrinthine world of real estate and mortgage financing, a clandestine maneuver by a government-sponsored entity is causing ripples of confusion and frustration. Fannie Mae, the Federal National Mortgage Association, has been discreetly compiling a blacklist of condominium properties nationwide – a list that is not only growing but also shrouded in mystery. This article dives deep into this perplexing development, unraveling its implications for condo sellers, buyers, and the real estate market at large.

Unveiling the Secret

The existence of this blacklist came to light through investigative journalism, particularly a detailed article in the Boston Globe. The piece, a meticulous work by correspondents Jim Morrison and Larry Edelman, uncovers the clandestine practices of Fannie Mae in maintaining a list of condo developments deemed ineligible for mortgage purchases.

The Blacklist: A Growing Concern

As of October 2023, the blacklist included over 2,300 condo developments across the United States, with a notable presence in states like Massachusetts, Florida, and California. The rationale behind this secretive list stems from various factors, including deferred maintenance, legal entanglements, and financial irregularities within condo developments.

A Domino Effect on the Real Estate Market

The blacklist’s existence poses significant challenges for condo owners and potential buyers. Since Fannie Mae and Freddie Mac dominate the mortgage market, being on this list means fewer financing options for buyers, leading to failed sales and reduced property values.

The Surfside Tragedy: A Catalyst for Change

The list’s expansion is partly attributed to the catastrophic collapse of Champlain Towers South in Surfside, Florida, in 2021. This tragedy prompted Fannie Mae to tighten its eligibility requirements, emphasizing the need to address aging infrastructure and maintenance issues.

Transparency and Accountability: The Core Issues

The secrecy surrounding the blacklist raises questions about transparency and accountability in the housing finance sector. Unlike the Department of Housing and Urban Development, which makes its denial lists public, Fannie Mae’s approach leaves many in the dark, including homeowners and potential buyers.

The Impact on Communities and Individuals

The blacklist not only affects large-scale real estate dynamics but also has a profound impact on individual lives and communities. For instance, Susan Evans, president of the Brook Village condo association in Boxborough, Massachusetts, was unaware of her complex’s presence on the list until informed by the Globe. The inclusion was due to groundwater contamination issues, highlighting how environmental factors can inadvertently entangle properties in this secretive web.

Looking Ahead: The Path to Resolution

Removing a property from the blacklist is a complex process, requiring sufficient documentation and resolution of the issues that led to its inclusion. This process is often arduous and not well understood by many affected parties. It calls for greater transparency and communication from Fannie Mae to ensure that properties have a fair chance to rectify their situations.

The Call for Change

As the real estate market grapples with this covert practice, there’s a growing demand for transparency and fairness in the handling of the blacklist. Legal experts, property managers, and homeowners are calling for a more open approach that balances the need for risk management with the rights and needs of property owners and buyers.

A Complex Puzzle with Many Pieces

Fannie Mae’s secret condo blacklist represents a complex interplay of real estate, finance, and governance. As the list continues to grow and affect more properties and individuals, the need for clarity and fairness becomes increasingly apparent. It’s a situation that calls for careful consideration and action from all stakeholders involved in the housing market, from government entities to individual homeowners.

In this ever-evolving landscape, staying informed and proactive is crucial for anyone involved in the condo market. Whether you’re a seller, buyer, or industry professional, understanding the dynamics of Fannie Mae’s blacklist is key to navigating these challenging waters. | MORE

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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.