Tag: DTLA Lofts for sale

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Make a Wide-Open Live/Work Loft Feel Like a Home

Balance the space in your loft with varied use areas

Industrial lofts and live-work open concept spaces are covetable for many reasons, from the high ceilings to the spacious layouts. But the features that make them great also pose a few challenges, like creating privacy (or at least the illusion of it), ensuring visual flow, and just generally decorating it,,,, so it doesn’t feel like you’re holed up in a stark warehouse. But, don’t worry. We’ve got your loft design woes covered. Here are 3 loft decorating ideas and tips that will will help you make a cavernous space feel cozy.

#loftdesign #entarispowerful

Install glass walls to seperate spaces without breaking your line of site.

Keep your bedroom space private without shrinking the open feel of a loft by installing interior glass doors. In this formal loft by Maltev Design, the French glass doors stretch up the ceiling, accentuating its height even further.

How would you bring the home feeling to your loft? Share your idea here. comment.

Have fun with odd bonus spaces.

If that open upper deck of the loft feels too exposed for private spaces, turn it into a fun bonus room instead. Go all out with a game room—foosball, air hockey, a pool table, ping-pong, you name it.

Fill out the online form to see new loft listings in the area you are interested in buying or leasing.

Turn part of your space into a home office.

You could also use the upper level as a workspace since it tends to feel a little more contained and quiet than the open bottom level. It’s perfect for anyone who works from home.

Ideas found in this article Link to House Beautiful and Pinterest

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Keep the wide open feel with interior galss walls

Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association, or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com, Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.

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Mills Act Loft Building in Downtown Los Angeles Spend Your Money on Renovations Not Taxes

Mills Act Properties are worth the effort to save.

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 homeowners 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 loft home, put more money down at purchase to reduce monthly mortgage payments, trade up to a larger loft, or even just put it in your pocket. But, buyers should also be prepared and save some of the money for potential special assessments in the future should build need major restoration.

The Mills Act is the single most important economic incentive program in California for the restoration and preservation of qualified historic buildings by private property owners. The Mills Act Program is administered and implemented by local governments. Mills Act contracts are between the property owner and the local government granting the tax abatement. 

#millsact #loftforsale


Each local government establishes its own criteria and determines how many contracts it will allow in its jurisdiction. For answers to specific questions such as local eligibility criteria, application procedures, and contract terms, contact the city or county official for your jurisdiction

 MILLS ACT LOFTS FOR SALE   |   MILLS ACT RECENTLY SOLD

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.

Despite its clear and considerable value, the Mills Act had been implemented by only twenty-five Los Angeles County jurisdictions as of March 2014. Fortunately, DTLA is included currently. The County of Los Angeles is currently in the process of establishing a Mills Act program that applies only to unincorporated areas. Cities in the county get the first say in applying the mills’ act to their jurisdiction.

Since the Mills Act is typically the only economic incentive tool available to local jurisdictions, the existence of a program at the local level is a good indicator of a particular jurisdiction’s commitment to historic preservation.

Tell us how you would take advantage of the mills’ act with your historic loft building. Leave a comment here.

Little Tokyo Lofts is a Mills Act Property in the DTLA market. Find others. Fill out the online form.

Participants in the program 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.

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Mills Act lofts offer a hidden value to owners.

Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association, or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com, Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.