To help those who are considering making a move in the coming months, the L.A. Loft Blog presents the real-life true stories of loft buyers and sellers who have both just closed escrow on their Downtown lofts. #lofts #dtla #sold
TALE OF TWO LOFTS
The buyer of the Elleven loft at 1111 S Grand Ave, Michael Logan, originally began his search on the L.A. Loft Blog looking for a Mills Act historic loft, but instead found that the sunny, south facing Elleven loft in South Park was brighter with its wall of windows, more beautiful yet more practical, and a better deal as the price has been depressed slightly due to a recently settled lawsuit and lots of construction in and around the building. He also liked that the unit was further away from the homeless shelters, and closer to L.A. Live and Ralph’s Market.
Gianna Ward, the seller of the small Pershing Square SB loft at 312 W 5th Street had been a landlady renting out her unit that she owned to guests on AirBnB, but she had enough of the management work that it entailed, along with the extra costs and havoc associated with short term renters when more damage occurs such as costly plumbing issues.
Both escrows just closed with pleasant negotiations and no bickering during the light and easy holiday real estate season in DTLA. Michael, the buyer of the Elleven lofts is an art industry professional who loves Downtown, while the seller of the SB Grand is relieved to stop the work and headaches of managing a short-term rental, and to instead gain new cash liquidity for more enjoyable things in her now lighter, more care-free life. Congratulations to each on the successful loft transaction that just closed escrow!
The busy Downtown real estate season is beginning in just days as eager buyers come from all over starting around January 2. See all properties, listed and unlisted, recently sold around Downtown Los Angeles:
DOWNTOWN SOLD PRICES | SOLD UNLISTED | RECENTLY SOLD ALL | MORE
Find out what your neighbor’s loft sold for. Get a FREE list of recent condo sales in Downtown Los Angeles. Did you know that up to 45% of Downtown lofts sold in the last three years were off-market, unlisted and other pocket listings not on the MLS? To receive a detailed listing of all recent home sales and all active listings in your area, visit http://www.lacondoinfo.com/gold_findout.asp, CLICK HERE or fill out the form on this page:
Recently SOLD in Downtown Los Angeles
Downtown LA Lofts and Condos That Have Sold in the Last 30 Days
When it comes to home values and knowing the current market, there is no better way to keep it real than by looking at what hard-working Americans recently paid with their hard-earned cash. This list of recently sold Downtown properties is just that:
Recently SOLD IN DOWNTOWN LOS ANGELES
Highest Price | All Recently Sold | MORE
Avoid 6 Costly Errors When Moving to a Larger Home and Save Thousands
Unlike the experience of buying a first home, when you’re looking to move-up, and already own a home, there are certain factors that can complicate the situation. It’s very important for you to consider these issues before you list your home for sale. Not only is there the issue of financing to consider, but you also have to sell your present home at exactly the right time in order to avoid either the financial burden of owning two homes or, just as bad, the dilemma of having no place to live during the gap between closings.
Get the free report with Six Strategies at http://www.MoveUpLA.com
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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 Names have been changed to protect privacy. 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.