Fab 5 Top Props – Hot Properties in Downtown Los Angeles

Fab 5 Top Props – Hot Properties in Downtown Los Angeles

Over the past weeks our new client contacts have overwhelmingly been interested in 5 properties.  The most interest on specific properties have been the Sky Lofts, SB Grand, Barn Lofts, Mura and Barker Block.  Also, along with these 5 specific properties our team is getting a huge interest in Downtown distressed lofts and unlisted lofts.

Week of September 27, 2014:

Sky Lofts #1207 – Hi-def Downtown views in every room with wall-to-wall commerical windows in this 1,440 Sq Ft 2-bedroom, 2-bathroom luxury Sky Lofts high-rise loft with private bedrooms, panoramic views of the Financial District skyscraper skyline and historic core. With huge, floor-to-ceiling windows each bedroom brings breathtaking views and a full bathroom (master has two sink basins, separate bathtub and shower) and walk-in closet. One bedroom separated by a corner, the other by a stunning designer sliding door. Secure, enclosed two full parking spaces. Beautiful thick textured hardwood floors, 10 foot high finished ceilings, solid core / STC rated doors. Solar shades with black-out window shades. Upgrades include custom lighting, half with dimmers, additional outlets and switches throughout. Large gourmet kitchen with stainless steel appliances including gas range, Caesarstone counters, and sleek Italian cabinets. Bosch washer and dryer in unit. Pre-wired for Internet, phone and cable TV. Sky Lofts building features Sky Lounge, Sky Theater, Sky Fitness Center. Walk to shopping, groceries, Metro, pubs, restaurants.   – See more at:
http://www.laloftblog.idxco.com/idx/11753/details.php?idxID=240&listingID=14788079

Textile Building Lofts Downtown Los Angeles

Textile Lofts #404 – The lowest price for sunny genuine loft corner unit with view and convenient parking. Live and work loft in an historic building in downtown Los Angeles’ Fashion District. This historic building is Mills Act approved, giving owners substantial property tax savings. Shared amenities include swimming pool rooftop and spa patio, gym and more. New appliances, large walk-in closet, and lots of character.  – See more at:
http://www.laloftblog.idxco.com/idx/11753/details.php?idxID=240&listingID=14754613

Higgins Building

Higgins Building #612 – Impressive beautifyl loft with big bedroom and closets. Located in the historic Higgins Building, diagonal from Parker Center in beautiful, vibrant Downtown LA. Live/Work Loft with high ceilings, concrete floors, washer-dryer in unit and big windows. The building was restored to its prime with original Mosaic Tile Flooring, Zinc Covered Doors and Windows Imported Marble Wainscoting Throughout Hallways, Period Ironworked Hand railing, Polished Concrete Floors, Exposed Ceilings and Gourmet Stainless Steel Kitchens. Building features include Classic Beaux-Arts Architecture, Iron Caged Elevators Rebuilt in Birds Eye Maple, Rooftop Common Area and 24/7 Security Guarded Entrance. Pitfire Pizza and Groundworks Coffee are located at street level. Walk to local parks and attractions and be part of LA’s urban lifestyle. You won’t believe what you’ve been missing! – See more at:
http://www.laloftblog.idxco.com/idx/11753/details.php?idxID=240&listingID=14793353

Bartlett Building Lofts corner unit pocket listing

Bartlett Building #803 – Remodeled kitchen, genuine loft with a hard-to-find real bedroom. Location! Beautifully remodeled loft with all new kitchen and bathroom. High ceilings, plenty of light and many vintage details. Kitchen has all new cabinets, gorgeous counters, tile and stainless steel appliances. Bathroom is all new with tile and tub, new sink cabinet and beautiful high-end finishes and fixtures. Stacked washer & dryer included. Large office or dining area off of kitchen and a Real separate bedroom with closet. Located on the quiet side of the building. Very little street noise. No other loft for sale downtown of this quality at this price. Excellent location, right in the center of everything that is happening downtown. Walk to all the restaurants, bars and retail. Close to FIDM, Ralphs, LA Live and the new Whole Foods coming in 2015. Easy access to the 101, 110, 10 and 5 fwys. – See more at:
http://www.laloftblog.idxco.com/idx/11753/details.php?idxID=240&listingID=14775645

Library Court

Library Court #201 – Short sale offers a special opportunity to negotiate a great deal in the very highly desirable Financial District. Short sale subject to Lender approval! Live in the best location of Downtown LA with a contemporary open loft floor plan featuring direct access to the Zen Garden located on the second floor. The living space has floor to ceiling windows allowing for great views of the city below. High ceilings, wood flooring, open kitchen, stainless steel appliances and granite counter tops exemplify a contemporary urban lifestyle. This unit includes a vented washer & dryer and one deeded parking space. Library Court has 24-hour security, fitness center, sundeck and game room. It is located within close proximity to Ralph’s grocery store, newly announced Whole Foods, The BLOC on 7th and the newly renovated retail shopping center at FIGat7th. Just outside your front door you will find easy access to numerous restaurants and bars, Central Library, FIDM and USC campuses. – See more at:
http://www.laloftblog.idxco.com/idx/11753/details.php?idxID=240&listingID=14768209

Downtown Los Angeles Distressed Property and Foreclosures

Unlisted Foreclosure – Historic loft with bright windows, views and fitness center. Distress Sales resulting from bank foreclosures often represent a great way to get a fantastic deal on a loft. It’s not easy for the average loft buyer to find these deals, because you have to keep searching to see when one comes up. If you’re the type of person who recognizes what a great deal some of these properties could represent, you will be interested to know about a new free service which automatically searches out and downloads a current list of all such properties day in and day out. When you receive this free, no obligation service, you’re automatically plugged in to the most current list of Foreclosure Properties on the market, in the price range and area that interests you. You can also gain access to updates of the list as new properties are added to it. – See more at:   http://www.lacondoinfo.com/gold_distress.asp?unlisted-foreclosureID-14897877

Week of July 29, 2014:

1.)  801 S GRAND AVE 12TH FLOOR VIEW SKY LOFTS FOR SALE LOS ANGELES 90017

Sky Loft Unlisted
Sky Loft Unlisted

Not on the MLS! So take advantage of this exclusive pocket listing opportunity and get the lowest price in Sky Lofts on one of the best units! Enjoy comfort, style and views in this 1,330 Sq Ft 2-bedroom, 2-bathroom luxury Sky Lofts high-rise loft with private bedrooms, West and North views overlooking beautiful Downtown’s Financial District skyscraper skyline. Each bedroom brings breathtaking views and a full bathroom (master has two sink basins, separate bathtub and shower) and walk-in closet. One bedroom separated by a corner, the other by a stunning designer sliding glass door. Secure, enclosed two parking spaces connected to building. Beautiful thick textured hardwood floors, 10 foot high finished ceilings, solid core / STC rated doors. Solar shades with black-out window shades. Upgrades include custom lighting, half with dimmers, additional outlets and switches throughout. Large gourmet kitchen with stainless steel appliances including gas range, Caesarstone counters, and sleek Italian cabinets. Bosch washer and dryer in unit. Pre-wired for Internet, phone and cable TV. Sky Lofts building features Sky Lounge, Sky Theater, Sky Fitness Center. Walk to shopping, groceries, Metro, pubs, restaurants.  Contact Corey Chambers, REALTOR®(213) 478-0499  corey@laloft.org  SkyLoftLA.com

sugar-loft-downtown-la2.)  629 TRACTION AVE #618

3.)  312 West 5th Street #505

4.)   940 East Second Street

5.)  527 Molino St., 90013

To see these top properties and get a FREE hotlist of more top properties, register for free at http://www.lacondoinfo.com or CLICK HERE

GET DOWNTOWN TOP PROPERTY NEW LISTINGS FREE IN YOUR EMAIL DAILY:
Fill out the Top Props New Listings request:

L.A. Loft Blog, 200 N. San Fernando Rd., #119, Los Angeles, CA 90031
The #1 Downtown buyer’s agent with 19 successful buyer transactions closed in 2013, Corey Chambers is a Realtor®, and member of the Top 6 award-winning, 5-Star Yelp rated team. J.D. Power Award 2012 – Keller Williams Realty ranked Highest in Overall Satisfaction for Home Buyers and Sellers Among National Full Service Real Estate Firms. DRE#01889449

Older top props:
Price: $330,000
Beautiful 4 story contemporary condominium located near 5 Freeway and 110 Freeway. Spacious 2 beds …
Listing# 14728883
Bedrooms: 2
Bathrooms: 2
Square Ft.: 990
Price: $330,000
RARE ONE BEDROOM UNIT!! Quiet exterior facing unit at the end of the hallway sharing only 1 wall wit …
Listing# SR14134138
Bedrooms: 1
Bathrooms: 1
Square Ft.: 660
Acres: 0.626
Price: $344,000
True loft living at its best offered at the popular Alta Lofts. Here industrial heritage is infused …
Listing# SR14082779
Bathrooms: 1
Square Ft.: 1054
Acres: 1.45
Price: $349,950
Desirable and Spacious 2 Bedroom, 2 Bath Luxury Condominium in Puerta Del Sol Complex. Built in 2006 …
Listing# 14774747
Bedrooms: 2
Bathrooms: 2
Square Ft.: 990
Price: $350,000
****************ACCEPTING OFFERS*************SUBMIT YOUR HIGHEST AND BEST O …
Listing# 13692719
Bedrooms: 3
Bathrooms: 2
Square Ft.: 1350

 

Sell a Loft in Downtown Los Angeles – 10 Most Common Mistakes Made by Home Sellers

Sell a Loft in Downtown Los Angeles:
10 Most Common Mistakes Made by Home Sellers

Market Lofts Seller Mistakes
Market Lofts Seller Mistakes

Downtown Los Angeles offers many advantages and disadvantages to home sellers.  Most Downtown buildings have issues that sellers must address, including answering objections and questions about lawsuits and other common issues in loft buildings.  Every building in Downtown has issues that many buyers are aware of.  Even the most popular buildings such as Market Lofts and Barker Block lofts receive complaints or balking questions from buyers about lawsuits, flooding, broken fire sprinklers, water damages, stains, HOA conflicts, parking problems, safety and health issues for a start.  A seller absolutely must use a Downtown specialist Realtor(R) who is aware of the issues, and is able to answer and overcome objections and increase the value by pointing out the positive sides.

PRICES IN DOWNTOWN  |  FREE, QUICK HOME EVALUATION  |  27 SELLER TIPS

Alta Lofts Offers Rise Faster Than Appraisals
Alta Lofts Offers Rise Faster Than Appraisals

One common problem with selling in Downtown is that offers have been coming in higher than the appraisals.  When an appraisal comes in lower than the offer amount, the deal can often fall through unless it is an all cash offer or the buyer can put down more than 20%.  That is why it is imperative to have an agent who can attract multiple buyers, including cash buyers.

Many loft owners in Downtown make the mistake of using an agent who is a friend or relative and not a Downtown specialist.   Out-of-area agents have the most costly problems.  They cannot show the property as quickly, cannot show it as often and thus are more likely to get lower offers or no offers.  Non-local agents have trouble explaining the positive, valuable points of the buildings and are less able to describe the tantalizing details of the amazing shops, exciting restaurants and entertainment of Downtown.  A Downtown specialist is able to add value to all downtown properties by emotionally communicating the powerful truth about the amazing renaissance of Downtown Los Angeles.

Agents who are not Downtown specialists often are unaware of the special documentation and reports required by the City of Los Angeles, leaving the buyer and seller squabbling over the required L.A. reports.  Most buildings in Downtown require loft lenders or other unique lending requirements. The unfamiliar agents will often fail to take steps to help buyers use the right lender such as a loft lender, litigation lender.  A Downtown specialist agent will help buyers choose a lender who is likely to be successful lending on that building.  The unknowing agent will suggest that the seller accept offers that are too low or with down payments that are too low for the building’s appraisal or lending situation.  The Downtown specialist will know what the appraisal is likely to be, and will suggest to the seller that they require a certain down payment or other terms that will be successful for that building.

Barker Block - All buildings have issues
Barker Block – All Downtown buildings have issues

A mistake that is expected to increase in Downtown is owners failing to sell while prices are high.  Prices have increased by more than $100,000 on the average Downtown loft in the past 2 years.  Some sellers who really want to sell will delay after beginning to feel elated, almost greedy about the future potential gains on the loft.  If a buyer wants to sell, then the most profitable time to sell is when prices are high.  Once prices start to drop, the market can disappear quickly, leaving the seller in a depressing position of waiting for years for the market to recover.  Most real estate professionals in Downtown agree that prices may continue to rise for only a fairly short time before having another 2009 style crisis causes a significant collapse in prices.

Downtowners who love their full-time urban life will likely want to continue it, and may only sell to upgrade to a larger or more central loft.  Those who are less committed to Downtown should take advantage of the opportunity to test the market at no cost and receive offers so that the seller will get a true sense of the real market value.

PRICES IN DOWNTOWN  |  FREE, QUICK HOME EVALUATION  |  27 SELLER TIPS

To find out what your Downtown property is worth, request a free market analysis or contact:

DOWNTOWN LOFT & CONDO:  FOR SALE  |  RENTALS    |  SUBSCRIBE   |  VIDEO
Corey Chambers, REALTOR® (213) 478-049
GET PRIORITY ACCESS TO SECRET, UNLISTED LOFTS IN DOWNTOWN!
L.A. Loft Blog, 200 N. San Fernando Rd., #119, Los Angeles, CA 90031

Corey Chambers, Realtor(R)

The #1 Downtown buyer’s agent with 19 successful buyer transactions closed in 2013, Corey Chambers is a Realtor®, and member of the Top 6 award-winning, 5-Star Yelp rated team.  J.D. Power Award 2012 – Keller Williams Realty ranked Highest in Overall Satisfaction for Home Buyers and Sellers Among National Full Service Real Estate Firms.  DRE#01889449
DOWNTOWN LOFT & CONDO:  FOR SALE  |  RENTALS    |  SUBSCRIBE   |  VIDEO