Tag: condominium

Condo, condominium, condominiums, condos – These are individually-owned residential housing units inside of large multi-unit buildings. In Downtown, more than half of these buildings are industrial or commercial conversions with live-work lofts created under the City of Los Angeles Adaptive Reuse Ordinance.

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Title Guarantee Building – New Downtown Loft Sales POSTPONED

When two dozen of Downtown’s most dedicated tgb_canceled_v666_02real estate agents received a cancellation note yesterday, they were surprised. Downtown specialist Realtors(R) rely on new Downtown lofts for a large percentage of agent income, and agents feel that buyers who were notified of coming sales early will be let down and distrustful of agent information going forward.

This 2-sentence note accompanied the notice that the agent preview was canceled:

Today’s broker event at Title Guarantee Building has been canceled.
The ownership entity has decided to postpone sales at the property.

Your Chance to Own an Icon: DELAYED

Hopefully, one day, the public will have an title_guarantee_historicopportunity to choose from a selection of historic art deco style lofts for sale in one of the most iconic buildings in Downtown Los Angeles. With views of the park at Pershing Square, the TGB was originally constructed in 1930. The Title Guarantee Building symbolizes the architecture, art and craftsmanship coming out of the gilded age of L.A.  From detailed brick and tile work to lush marble, hand-made woodcraft to the lobby’s celebrated Hugo Ballin art murals – this is truly a uniquely authentic residence and a valuable chance to control a slice of historic Downtown.  GET NOTIFIED

Title Guarantee and Trust Company Building in the Historic Core


The Title Guarantee and Trust Company Building is an Art Deco style highrise building on Pershing Square in Downtown Los Angeles. Built in 1930, on the site of the California Club building. The building was designed by The Parkinsons who also designed many Los Angeles landmarks, including Los Angeles City Hall and Bullocks Wilshire. Originally an office building, the structure was later converted into lofts. In 1984, the building was listed in the National Register of Historic Places.

After several years of serving as loft rental apartments, the units will be restored to renewed luster before the sale.  Renters have praised the great livability of the building and its amazing loft units with high ceilings, multi-level units with mezzanine lofts for excellent separation, in-unit washer and dryers, and quiet between units.

title-guarantee-perchThe building has its down sides, including the traffic noise on Hill Street, noise from pedestrians and the busy Perch lounge across the narrow street. The trash shoots travel through some closets, which have no doors, and thus allow noise from the chutes.  The valet parking has been a blessing, and sometimes a curse depending on the valet attendants. The entire area around Pershing Square is a base of a large number of homeless people who sometimes camp out in and around the building. The parking lot next door may soon be replaced by a building, which could potentially block views for some units. The fantastic units facing streets and Pershing Square will likely have some protection of the awesome views for some time.

There is no rooftop access, but some of the units have patios. The building units have also received accolades for their concrete floors, updated counter tops and premium stainless appliances.

DELAYED – The new lofts are not yet on sale to the public.

Get notified as soon as the new lofts go on sale. Request early notification. Fill out the online form:

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Copyright © 2017 This free information provided courtesy Corey Chambers, Realtor, Realty Source Inc BRE#01889449 We are not associated with the home owner’s association, seller or developer. Not affiliated with Title Guarantee. For more information, contact (213) 880-9910 or visit TheTitleGuarantee.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. Realty Source Inc is not affiliated with the developer or seller. 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 – Details at Save10Grand.com

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FRAUD ALERT – CRAIGSLIST SCAMS CONTINUE TO STEAL IDENTITIES OF DOWNTOWN L.A. RENTERS

The San Bernardino Sheriff’s Department last week confirmed that at least one case of Craigslist rental fraud has resulted in the identity theft and credit theft from at least one victim, a Downtown rental applicant, in the ongoing rental fraud problem.

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The lease scams continue to grow today. All Craigslist rental posts with prices several hundred dollars below market price are a SCAM until proven otherwise.  NEVER give a payment or personal information to anyone other than a manager, agent or owner whom you meet in person first.

HERE IS THE LATEST FRAUD THAT IS LIVE ON CRAIGSLIST TODAY:   $1500 / 2br – 1010ft2 – traditional New York style apartment for rent (315 E 8th St, Los Angeles, CA)  Traditional New York style loft in the historic Textile Lofts building. Corner unit with one neighboring wall. Lots of original windows with high ceilings. Custom built closet runs full length of hall for plenty of storage. Large bath with soaking tub and washer/dryer included. One bedroom area is separate the second bedroom would be included in the main living space (there are no walls for bedrooms). Comes with one assigned parking space under Santee Court. Also comes with one storage unit in the basement. Listed in the National Register of Historic Places, the Textile Building is a 12-story, 69-unit Gothic Revival Landmark overlooking the Fashion District. As part of the Urban Community of Santee Village, Amenities include Rooftop Pool, Spa, Fitness Center, and Gourmet Market. Blocks to the best Restaurants, Nightlife, and Shopping in Downtown; Short Walk to the Metro and LA Live.

While $1,500 might seem expensive enough, the real value of 1,010 sq foot in this building is around $2,400 per month.  Any offer less than $2,200 is a scam to rip off the applicant’s money or identity until absolutely proven otherwise by an in-person meeting and third-party vertification.

Any time that you see a rental posting that is an extra low price, the posting is likely a scam.  Click the prohibited link on Craigslist and then report the scam to the police.

 

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

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Copyright © 2015 This free information provided courtesy Corey Chambers, Realtor, Realty Source Inc BRE#01889449 We are not necessarily associated with the owner or management. For more information, contact (213) 478-0499 or visit LAloftLease.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, seller or renter is already under contract with another broker.