Tag: condo

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Most Exclusive Condominiums in Downtown Los Angeles – Buying, Selling, Renting

As Downtown Los Angeles transitions into a full-fledged luxury market, buyers, sellers and renters are looking for deals that are better than what the general public is able to get. #realestate #dtla

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As the Authority In The Downtown Los Angeles Real Estate Market, the L.A. Loft Blog presents in this article extremely valuable information about exclusivity as the basis for stand-apart success in DTLA real estate. The average home in Downtown is now more than $600,000. The affluent buyer, seller and renter is extremely responsive to and dynamically influenced by exclusivity.

When Downtowners focus on exclusivity, buyers, sellers and renters will switch their mindset and behavior into one alignment and cooperation.

This is a million dollar strategy to start now, if you haven’t. For sellers, concentrate on what is going to attract the largest number of buyers. Buyers get best results when they concentrate on gaining access to the largest number of properties for sale, including the largest number of unlisted homes, pocket listings and off-market properties. Renters find the best deals on the most amazing lofts for lease when they gain access to the unlisted, unadvertised rental bargains.

find-out-soldBUT… let’s make it more exclusive.

Sellers attract the largest number of high-paying buyers  when they can get access to the pre-qualified buyers on retainer, ready to buy. A Guaranteed Sale Program will help to ensure that the property will sell for the most money, fastest and with less hassle guaranteed or the agent will buy it.  Details of this program are at www.GuaranteedSaleSoCal.com

For buyers, getting priority access to houses the buyer can’t find on their own or on the internet or from most agents. This method of beating out other buyers to hot, new listings is called a VIP Buyer Program. Free access to the program is at www.LALoftVIP.com while renters can save a lot of time and money by getting exclusive access to more Downtown loft bargains rentals at www.LALoftTour.com.

Broadway's New Upscale Shopping
Broadway’s New Upscale Shopping

Now that Downtown Los Angeles has become an upscale community, exclusivity is most likely the #1 differentiator for success in a real estate transaction. In an extremely competitive market like Downtown, doing things differently is better. Being different ad-upscale-domain-rsiallows one to bypass some of the competition, thus gaining more access, and saving a lot of money. Being EXCLUSIVE is the best of being different. Exclusive IS different.

Ten years ago, buyers could find exclusive deals on the internet. But today, many buyers might feel empowered by the internet, only to find that the world wide web is no longer exclusive. It is used by virtually everyone.  Anyone involved in Downtown real estate, even renters, must also employ the power of offline in order to reach all of the best opportunities.

Bottom line here and my point is that it’s way easier to be exclusive than it is to be better and many times more powerful, easy to define and measure results as well.  The latest example: Jim and Julie just got their Downtown highrise condominium unit into escrow in record time, at the highest price per square foot ever for that type of unit in the building. At the same time, the buyers were able to get one of the best views in Downtown Los Angeles for the lowest price of any highrise view condo in Downtown. This successful escrow happened because of the exclusive, offline methods employed by both the seller and buyer.  The seller used a Guaranteed Sale Program, while the buyer took advantage of a VIP Buyer Program.

Get unlisted lofts for sale.  Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
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Corey Chambers, Realty Source Inc, BRE#01889449

 

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Something’s Broken at SB Grand

SEE THE NEW UPDATE ON SB GRAND AT
https://www.laloftblog.com/2017/09/15/sb-grand/

All Downtown Los Angeles loft buildings have issues, but one stands out as possibly the most troubled loft project ever in DTLA. The ShyBary Grand has some advantages: genuine historic lofts at good prices, but the worst thing may be the way it makes one feel.

sb-hectic

The Homeowner’s Association does not provide all of the financial documentations that one might expect. Several homeowners have not paid HOA dues in a long, long time. We don’t know what kind of reserves the HOA has or does not have.

buyer-mistakes-la-cp-ad-rsiBecause more than 50% of residents are renters, most lenders will not finance units at SB Grand. When the developer sold the condos, they only sold about 70% of them to real home buyers, and held out around 30% for the developer and other commercial interests to rent out. Weird  — it’s the only condo building that has a leasing office.  The units rent cheap, and take a long time to rent out.  The result is that SB Grand is a condominium that is all but devoid of ownership pride.  In fact, the building’s true personality comes out every Spring Break as the pool gets fun and frolicky.

Hectic with a capital HECK!  While SB Grand is not in Skid Row, it might as well be, as Skid Row comes to the building nearly all day long every day because the neighboring Metro station is the closest station to Skid Row. Around the SB Grand, the homeless are the least of the problem; the main problem is the almost homeless. That’s where the hectic, frantic situations occur outside. Like a pimp and ho version of General Hospital –  How about General Rehab?

Loiterers stand around in front and nearby almost constantly. Many of them are yelling, sometimes obscenities, sometimes threats, sometimes drop to the ground from drug overdoses, sometimes get rescued by paramedics, and sometimes get a gun in the face compliments of undercover Metro police.

Inside the building is a different type of turmoil. The renters sometimes have people over, questionable dealings, sometimes arguments occur in the common areas.  The renters sometimes litter in the building and throw cigarettes down onto neighboring balconies below.

Oh, and parking is not included, but the HOA dues are low.

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parkingsb-grand-cru-01

Corey Chambers, Realty Source Inc, BRE#01889449