LA Lofts Mills Act – Downtown LA Lofts

LA Lofts Mills Act Benefits

LA Lofts Mills Act Downtown LA Lofts
LA Lofts Mills Act Downtown LA Lofts

While some have not have heard of the Mills Act, it presents some real advantages for L.A. loft owners, and can really save a very large amount of money on taxes. #millsact #la

Benefits of Owning a Mills Act Loft

To help preserve the historic buildings of Los Angeles, a tax incentive has been created by California state and local governments called the Mills Act. The special law offers home owners of qualifying historic buildings as much as 70% or more off of their property tax bills. Owners of lofts in a historic building, can potentially save thousands of dollars each year. That money can be used to help furnish your the loft home, put more money down at purchase to reduce monthly mortgage payments, trade up to a larger loft or even just put in your pocket. But, buyers should also be prepared and save some of the money for potential special assessments in the future should building need major restoration.

The Mills Act offers a substantial reduction in property taxes for owners of qualified historical properties provided that they agree to preserve, restore, rehabilitate, and maintain the historical and architectural character of their properties. Many owners report that they save about 2/3 off of their property taxes.  The formula is complex, and may vary, so prospective Mills Act home buyers should check with the city, county and a tax professional to determine what the real savings may be.

Mills Act participants can realize very fruitful property tax savings each year for recently improved or purchased old properties because the valuation of a Mills Act property is determined by the Income Approach to Value rather and not by the common Market approach to calculating appraised value. The Income Approach, divided by a capitalization rate, gives the assessed value of the property. Generally, the income potential for an owner-occupied residential property is calculated by looking at rental rates for comparable nearby properties, while the income from a commercial property is based on actual rent received. Because rental values vary greatly, the actual Mills Act historic property tax savings may vary.

Get a free list of Mills Act approved Loft buildings in Downtown Los Angeles. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

Lofts For Sale                Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE UNDER $500,000  |  $900,000  |   Top Luxury
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

 

Mills Act Historic Core Downtown Los Angeles
Mills Act Historic Core Downtown Los Angeles

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.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.

 

 

Downtown LA Lofts for Lease, Condo Rentals and Apartments For Rent #DTLA #apartments

Renters continue to pour into Downtown Los Angeles.  The L.A. Loft Blog team receives up to 100 calls per day from prospective new Downtowners who are searching for a good deal on a cool Downtown loft, hip condominium or chic apartment with high ceilings, lots of windows and natural light, no carpet, and walkable to restaurants, coffee, shops, bars, pubs, entertainment and Metro transportation.

garey-bldg-constr-03-e-mk

The biggest problem for prospective Downtown renters is that most of the best deals are hard to find, and difficult to access.  The most amazing lofts with the lowest rents are often unadvertised, they don’t cooperate with agents, and they have waiting lists, so they don’t always answer the phone. One new well-designed apartment complex in the Arts District is already rented out at 95% capacity before construction is even completed. The rent is as high as $3,000 for around 600 square feet.

Beat Out Other Renters To the Best Deals

It is possible to get access to rental bargains that other renters have no clue about. Most renters are unaware that they can get free assistance from a Downtown rental specialist for many of the best condos in Downtown.  Rather than missing out on the perfect place, renters can even get help with ALL of the rentals, get priority viewings and save hundreds or thousands of dollars on rent. It’s called the L.A. Loft 3-Hour Tour, and is an absolute must for anyone moving to Downtown L.A. from out of town, or those who would like to get three weeks worth of searching done in 3 hours. Check it out at http://www.LALoftTour.com

Get information on the new Garey Building apartments in the Arts District. Fill out the online form:

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

button        button (1)        

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

one-santa-fe-07-e-mk

Copyright © 2016 This free information provided courtesy Corey Chambers, Realtor, Realty Source Inc BRE#01889449 We are not associated with the owner or management. For more information, contact (213) 880-99910 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.

#DowntownLA #Lofts Bargains – Off-Market, Unlisted, Unadvertised and Pocket Listings

The L.A. Loft Blog has just learned that some off-market properties such as Market Lofts, Beacon Lofts, Santee Village, Bunker Hill Tower, Alta Lofts and Evo are expected to come available soon. Some of the units are already showing to buyers – call (213) 880-9910 to see them beginning Tuesday, July 5. #downtownla #lofts

market-lofts-pool

Some of these buildings represent great deals because the sellers are concerned about various issues such as HOA litigation, developer lawsuits, water damage and other classified-ad-cp-foreclosures-151017motivating factors that can help buyers get great deals. Most of them are finished lofts and ready to move in, while some may require less touch-up than the average fixer or raw loft.

Get free information on Downtown Pocket Listings.  Fill out my online form:

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

button        button (1)        

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

free-advertising-for-downtown-businesses

marketloft11

Copyright © 2016 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association, seller or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.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.

Downtown LA Lofts DOWNTOWNLALOFTS.ORG

Downtown L.A. is home to the largest number of industrial and commercial live-work lofts in Southern California.

tgb-interior

These special homes were created by converting work buildings into amazing residential condominiums and apartments under the City of Los Angeles Adaptive Re-Use Ordinance.

Home buyers can visit open houses to see if they like the openness and architecture of lofts. The LA Loft Blog has lots of resource to help buyers, sellers and renters. Traditional condos are also popular in Downtown, and now that Downtown prices have risen faster than the surrounding neighborhoods, lofty houses and condos outside of Downtown are more often a practical choice.  Find out more at DOWNTOWNLALOFTS.ORG also don’t forget to take advantage of free access to lofts that are not on the Internet, such as unlisted Downtown lofts, off-market properties and Downtown loft pocket listings. Fill out the online form:

Find homes in Downtown Los Angeles:

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

button        button (1)        

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

love-you-home-guarantee-ad-cp-rsi-j

Downtown Los Angeles Real Estate Free Information Resource Library – Find Bargains Fast

Downtown Los Angeles Real Estate
Free Information Resource Library

2014-11-13 13.12.52Get ready for DOWNTOWN LOFT INFORMATION OVERLOAD!!!  Do you have an insatiable appetite for real estate information about Los Angeles lofts and condos in the Downtown area?   If so, you will love all of these many free services with lists of properties for sale and for lease, along with good deals and lists of buildings with condominium homes for sale and for lease.  If you prefer an easy shortcut to the best deals from all Downtown real estate companies, simply CLICK HERE or visit https://laloft.wufoo.com/forms/best-deals-downtown-la-get-vip-insider-access/

HOME SELLERS LIBRARY:
Get FREE Insider Access To The Best Tools, Special Reports and Resources!

Sell Your Home Fast and for Top Dollar!

Get FREE Instant Access to all of the SELLER resources listed below (as well as an extensive list of BUYER resources as well).

No matter what your situation, these links are sure to help you sell your home quickly, with less hassle, for the best possible price.

LIST OF BUILDINGS DOWNTOWN LOS ANGELES

LOFTS & CONDOS FOR SALE AND FOR LEASE   [Alphabetical]  [Neighborhoods]  [Map]

1100 Wilshire – 1100 Wilshire Blvd, 90017
655 Hope  – 655 Hope St, 90017
Alta Lofts –  200 San Fernando Rd, 90031
Barker Block – 510 S Hewitt St & 530 S Hewitt St, 90013
Bartlett Building – 215 W 7th St, 90014
Barn Lofts – 940 E 2nd St, 90012
Beacon Lofts – 825 E 4th St, 90013
Biscuit Company – 1850 Industrial St, 90021
Bunker Hill Tower – 800 W 1st St, 90012
Concerto Lofts – 901 Flower St, 90015
Cornell Building – 738 S Los Angeles St, 90014
Douglas Building – 257 S Spring St, 90012
Eastern Columbia – 849 S Broadway, 90014
Eckardt Building – 746 S Los Angeles St, 90014
El Dorado Lofts – 416 S Spring St, 90015
Elleven Lofts – 1111 S Grand Ave, 90015
Evo – 1155 S Grand Ave, 90015
Flower Street Lofts – 1130 S Flower St, 90015
Garey Building – 905 E 2nd St, 90012
Gallery Lofts – 120 S Hewitt St & 130 S Hewitt St, 90013
Grand Avenue Lofts – 1100 S Grand Ave & 330 W 11th St,  90015
Higgins Building – 108 E 2nd St, 90012
Library Court – 630 W 6th St, 90017
Little Tokyo Lofts – 420 S San Pedro St, 90013
Luma – 1100 S Hope St, 90015
Market Lofts – 645 W 9th St, 90015
Metropolis Los Angeles – 8th Street and Francisco
Molino Lofts – 500 Molino & 530 Molino St,  90013
Mura Condominiums – 629 Traction Ave, 90013
Pan American Building – 253 S Broadway, 90012
Promenade Condominiums – 121 S Hope St, 90012
Promenade West – 880 W. 1st St, 90012
Puerta Del Sol – 360 W Avenue 26, 90031
Ritz Carlton Residences – 710 W Olympic Blvd, 90015
Rowan Lofts – 460 S. Spring St, 90013
Santee Village – (See EckardtCornell and Textile)
Savoy Condominiums – 100 S Alameda, 90012
SB Grand (Shybary Grand or Shy Barry Grand) – 312 W. 5th St, 90013
Skyline Condominiums – 600 W 9th St, 90015
Sky Lofts – 801 S. Grand Ave, 90017
SL70 – 2220 Duane Street, 90039
Teramachi Homes Senior Condos – 267 S. San Pedro St, 90012
Textile Building – 315 E 8th St, 90014
Tokyo Villa Condominiums – 222 S Central Ave, 90012
Toy Factory – 1855 Industrial St, 90015
Toy Warehouse – 215 S Santa Fe Ave, 90012
Vero – 1234 Wilshire, Los Angeles CA


RENTAL LOFTS AND APARTMENTS  (213) 478-0499  LAloftTour.com

717 Olympic – 717 W Olympic Blvd, 90015
8th and Hope – 801 S. Hope St, 90017
American Cement Building Lofts – 2404 Wilshire Blvd, 90057
Apex – 900 S Figueroa St, 90015
Ava Little Tokyo – 236 S. Los Angeles St, 90012
Avant South Park – 1360 S. Figueroa St, 90015
Artisan on 2nd – 601 E 2nd St, 90012
Brockman Lofts – 530 W 7th St, 90014
Canvas L.A. – 138 N Beaudry Ave, 90012
Chester Williams – 215 W 5th Street, 90013
City Lights on Fig – 1300 S Figueroa St, 90015
Chapman Flats – 756 S. Broadway, 90014
Continental Lofts – 408 S Spring St, 90013
Elysian – 1115 Sunset Blvd, Los Angeles, CA 90012
Emerson – 225 S Grand Ave, 90012
Emil Brown Building – 308 East 9th St, 90015
Factory Place Lofts – 1308 Factory Place, 90013
Grand Central Square – 306 W 3rd St, 90013
Gas Company Lofts – 810 S Flower St, 90017
Great Republic Lofts – 756 S Spring St, 90014
Hellman – 411 S Main St, 90013
Jeffries Lofts – 117 Winston St, 90013
L.A. Loft Tour – (213) 478-0499  http://www.LAloftTour.com
Lacy Studio Lofts – 2664 Lacy St, 90031
Long Beach Avenue Lofts – 1250 Long Beach Ave, 90021
Medallion – 334 S Main St, 90013
Medici – 725 S Bixel St, 90017
MegaToys Lofts – 905 E 2nd St, 90012
Mercantile Lofts – 620 S Main St, 90013
Met Lofts – 1050 S Flower St, 90015
Metro 417 – 417 South Hill Street, 90013
Metropolitan – 315 West 5th Street, 90013
Milano Lofts – 609 S Grand Ave, 90017
Mozaic at Union Station – 888 N Alameda St, 90012
Museum Tower – 225 S Olive St, 90012
One Santa Fe – 1 Santa Fe, Los Angeles, CA 90012
Orsini Apartments – 550 N Figueroa St, 90012
Pacific Electric Lofts – 610 S Main St, 90014
Packard Lofts – 1000 S Hope St, 90015
Pegasus – 612 S Flower St, 90017
Peterson and Tansey Lofts – 1250 Long Beach Ave, 90021
Piero – 312 E 12th St, 90015
Promenade Tower – 123 S Figueroa St, 90012
Roosevelt Lofts – 727 W. 7th St, 90017
San Fernando – 400 S Main St., 90013
Santee Court – 716 S Los Angeles St, 90014
SB Grand – 312 W. 5th St, 90013
South Park Lofts – 818 South Grand Ave, 90017
Spring Arcade – 541 S Spring St, 90013
Title Guarantee – 411 5th St #1200, 90013
Union Lofts – 325 W 8th St, 90014
Visconti – 1221 W 3rd St, 90017
Watermarke Tower – 705 W 9th St, 90015

Get FREE access to the best deals in Downtown LA. Fill out the  online form.

Copyright © 2014 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 478-0499 or visit LAcondoInfo.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.