There’s no denying that live/work lofts in the best neighborhoods are on most minds. Sometimes, however, people want what they can’t have. Several have called asking for Piano Lofts, but we don’t see any available at all there. For those persistent loft pursuers who don’t want to give up, take the 3-hour tour and our team of Downtown real estate pros will contact the owners directly to see if there is really anything available or not.
L.A. Loft Blog reader know what they want, and Mills Act lofts are staying in the lead due to their awesome historic character and dollar-wise property tax benefits. Get a free list #top10 #millsact #lofts #dtla Fill out our online form:
As the average rental in Downtown Los Angeles lofts and condos passes the $3,150 mark ($2,800 median rent), renters who are looking for an awesome loft and a good deal often see places that they like online, and then cannot get in to see the place, cannot reach anyone or lose the coolest rental to another renter. Renters looking under $3,000 are often ignored. But, no more! Instead of being forgotten, these renters can instead get treated like million dollar home buyers. Fortunately, there’s a new Upgrade Service that allows renters to get better, faster access to ALL of the lofts, condos and apartments that match their criteria from ALL of the landlords, managers and real estate companies. #dtla
As The Authority of Downtown Los Angeles Residential Real Estate, the L.A. Loft Blog has the most comprehensive access to more amazing rentals than any other source. This includes rentals that require a real estate agent to get in, unlisted lofts, and even rentals that are not on the internet. Renters who use this service find more rentals that they like to choose from, can usually apply for free, and save more than $600.00 on average. Best of all, it is the fastest, most complete and least risky way to find and rent a place around Downtown L.A. #rentals #lofts
Now every renter can take advantage of this. Don’t miss out on the perfect place. Try the L.A. Loft Blog’s Priority Rental Service Upgrade for just $30.00 with a 100% Money-Back Satisfaction Guarantee. Get early notification every day with condos for lease and apartments that match the desired criteria, priority viewing, assistance, negotiator and follow-up. Fill out the online form:
As tax laws have changed at the beginning of this year, the L.A. Loft Blog presents this article to help homeowners, buyers and sellers to gain a basic understand the changes, and to minimize any drawbacks while taking full advantage of the financial benefits of the new rules. While different items such as exemptions and deductions have gone up or down for various people, this post will focus on taxes that relate to L.A., CA real estate. For Downtown LA, owners of historic lofts continue to receive financial benefits through the Mills Act property tax law. #taxreform #taxes #2018
Taxes depend on several factors such as whether the homeowners are single or married, and whether they meet several IRS rules. The first $250,000 of profit is usually tax free for single ($500,000 for married). Several factors may be taken into consideration such as property improvements and expenses. If it is not the property owners primary residence, they might be able to do a 1031 exchange when selling and buying a similar property. #millsact
Contact a tax professional, such as a CPA Miklos Ringbauer, or there are also some highly rated Downtown real estate tax professionals such as:
Pinnacle Tax Services – Tax Services, Accountants, Financial Advising
520 S Grand Ave, Los Angeles, CA 90071 (877) 224-0217
Buchalter – Bankruptcy Law, Real Estate Law, Tax Law
1000 Wilshire Blvd, Los Angeles, CA 90017 (213) 891-0700
Mills Act Tax Benefits
It sounds almost too good to be true to get paid to live in an artistic landmark and architectural masterpiece. But it is a fact. Many DTLA homeowners report savings of several thousand dollars per year off of their property taxes thanks to their amazing old building. For helping to maintain the original look and character of the structure, homeowners have been getting up to 2/3 off of annual property taxes.
In addition to the amazing uplifting character of high ceilings and unique details, the Mills Act provides a great financial advantage for buyers and owners of approved historic loft condominium units, some of the most beautiful buildings in Downtown Los Angeles.
Get a free list of Mills Act properties. Fill out the online form:
When it comes to Downtown Los Angeles, the uniqueness of commercial and industrial conversions brings awesomeness and stylish character that ordinary homes cannot deliver. Because they are different, there is definitely a right way, a wrong way — and then there is the loft way. #dtla #lofts #subway
Live/work lofts are basically just large empty boxes that are waiting for someone to add their personal touches such as furniture, decor and love. Because they built for permanent heavy duty use, and approved for live-work under the City of Los Angeles Adaptive Re-Use Ordinance, DTLA lofts are ready for just about anything that a creative mind needs for enjoying life and productivity. When it comes to furnishing a loft, there is no right way, and no wrong way. The loft way provides for the fullest range of possibilities.
Take SB Grand Building for instance with its Metro subway station entrance right next door, it makes for profits and posh lifestyles as the historic structure efficiency combines with rapidly increasing community amenities such as Pershing Square, in addition to the countless walkable shops, bars, restaurants and entertainment venues to provide endless possibilities for the richest urban lifestyle with every form of fast and efficient transportation.
Get a free list of New Lofts for live and work in Downtown Los Angeles. Get on the New Lofts Interest List. Fill out the online form:
Stop by 11 AM to 4 PM, or call Corey to request a later time.
Enjoy Downtown life in a spacious historic open floor plan. Modern open loft with fantastic NYC-like character on Broadway and Historic Core. Private balcony facing original brick courtyard. Modern kitchen with stainless steel appliances. Wood floors. Washer and dryer in unit. Large soaking bath tub. Open and airy living space with high ceilings, A/C and heat. Excellent downtown location near Farmers Market, Grand Central market. Minutes to Whole Foods, Ralph’s and great shopping and dining. The building features 24-hr security front desk concierge, rooftop sun deck, swimming pool and hot tub spa with panoramic views of the Downtown Los Angeles skyline, fitness room gym. Wired for cable and Internet. Low HOA dues. Pets okay. Great for Downtown live/work! Parking in building available. By Metro station, Pershing Square concerts in Summer and ice skating Winter. Stroll through the renaissance of Broadway, with coming street car as part of the Bringing Back Broadway project. This is the lowest price per square foot on a spacious Downtown L.A. loft. Corey (213) 880-9910.
The best deals can be hard to find. Many prospective Downtown home buyers are not aware that the best buys are not on the internet, and not listed on the MLS. These unlisted lofts and condos are called pocket listings or off-market homes. Sometimes up to half of the best deals are purchased privately and not on the market.
Get a free list of off-market properties in Downtown Los Angeles. Fill out the online form:
Lofts For Sale and For Lease by ZIP Code and Locations Around L.A.
Live/work lofts tend to be located in converted commercial, industrial and historic buildings that were originally all work buildings that once had no residential use. Today, they have been turned into residential buildings under the Los Angeles Adaptive Re-Use Ordinance that allows for living and working in the same condominium or loft apartment rental unit. #dtla #lofts #map
In Southern California, these buildings tend to be clustered in dense urban areas such as Downtown Los Angeles, with some also in other metropolitan areas like Hollywood, Pasadena, Santa Monica, Long Beach, Anaheim, Santa Ana and of course San Diego.
Here are some maps and other resources to help find lofts by geographical area. The ZIP codes that have the largest number of Downtown area lofts are generally 90012,90013,90014,90015,90017,90021 and 90031.
SoldHomesLA.com Home Prices of Downtown L.A. Lofts and Condos Sold
Home values are still on the rise in Los Angeles. Receive a detailed listing of all recent home sales and all active listings in your area. #sold #dtla #homeprices
Seeing what sold recently is a great way for home sellers and buyers to know what the real values are in today’s Downtown L.A. real estate market. See all properties, listed and unlisted, recently sold around Downtown Los Angeles:
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, it is free to use the L.A. Condo Information website at http://www.lacondoinfo.com/gold_findout.asp, CLICK HERE or fill out the online form:
Real Estate News
L.A. Industrial Conversions Coming Up For Sale
New Homes in Downtown L.A. Under Construction
Historic yet spankin’ new and glistening clean stylish urban homes with the latest architecture and most modern conveniences combine with new loft conversions, newly remodeled historic and industrial buildings converted to modern urban live-work residences, all coming to DTLA. #newlofts #dtla #newhomes
New Downtowners and investors love it when old historic and industrial buildings are converted from useless dilapidated structures into repurposed residential live/work lofts with open space, lots of oversized windows and natural light, in the best walking areas near shopping, dining, entertainment and transportation. From 2000 to 2014, more than 20 buildings were converted. But in the last 3 years, there have been only modern construction condos, along with thousands of new apartment rentals not available for purchase. The good news is that this trend is changing.
The most recent loft conversion was Barker Block Warehouse One in the Arts District of Downtown Los Angeles. That was more than 3 years ago.
New Lofts Downtown LA
Where are the new Lofts in Downtown Los Angeles? When Barker Block Warehouse 1 opened in 2014, there was a mad rush on the very first day of sale, with more than 2,700 home seekers for less than 20 available units. The seller had a huge advantage.
New Constructon Lofts Downtown L.A.
While the neighborhood suffered from a glut of unsold properties 6 years ago, Downtown L.A. today is today experiencing a dramatic shortage with just a tiny inventory of affordable homes for sale. The lowest priced cool loft jus sold last month for $348,000 for 500 sq ft at the SB Grand lofts building. For slightly larger medium sized lofts, the cheapest entry level lofts have tripled in price from around $150,000 in 2011 to around $450,000 today. There is currently one loft that is 860 sq ft asking just $412,000 at the SB Grand.
Successful buyers today must take advantage of the most powerful strategies to find bargains around Downtown. Today’s smartest buyers check out the REO bank-owned foreclosures, short sales, distress sales, fixer uppers, raw lofts, as well as the nearby lofty condos and houses with character outside of Downtown LA. For those who want to live in the heart of Downtown, new construction and unlisted properties have most recently provided the best solution. Pocket listings and other unlisted lofts have accounted for more than 30% of the best deals in the past 5 years.
New L.A. Loft Construction
There is hope for buyers who need to see more properties for sale. Home buyers have had found the most amazing lofts and the best prices when they were able to see as many amazing lofts and condos as possible, including those that are not on the internet.
New Lofts Coming to Downtown – Find Out When and Where, and get email notification when new lofts are announced, along with lofts that have been converted to condominium specifications, but not sold yet, like these:
Barker Block Warehouse One – SOLD
Title Guarantee Building
Brockman Building MORE
The L.A. Loft Blog has the scoop on the loft rental buildings that are most likely to come onto the market for sale in the near future, including:
Luxury Loft Tower
Historic Furniture Warehouse – SOLD
Luxury Historic Lofts
Historic Core Flats
Luxury Restaurant Row Historic Lofts
Historic Core Loft Tower with Balconies
Shopping and Restaurant Arcade Lofts
Pershing Square Historic Loft Building
Other loft buildings going condo and new construction lofts: Get a free hotlist of new lofts coming up for sale, with loft rental buildings that are rumored to be going condo in the future.
Be among the first to be notified of new lofts coming up for sale. Also receive lists of Downtown distress sales, unlisted lofts, short sales, raw lofts and sold lofts for comparison. Get invited to see new lofts under construction, loft condo conversions and loft buildings going condo.
Anyone interested in new Downtown lofts can request property descriptions, photos and an early viewing. Beat out other buyers to the best new lofts and best deals by getting on the New Lofts Interest List. Fill out the online form:
New Lofts Downtown — L.A. Loft Blog’s Downtown L.A. Free Help Line
New Townhomes Los Angeles #dtla –
For immediate assistance with your Downtown LA home search, call us at (213) 880-9910 mobile/text. #newhomes
You can also email us at email@example.com
The authority on Downtown Los Angeles residential real estate, the L.A. Loft Blog is helping thousands to find the most amazing lofts for the least amount of money!
DTLA Real Estate Tips and Tricks
The secret to success in one of the world’s most competitive real estate markets is finding out what the smartest Downtown home buyers are thinking so that we can know exactly where to look and what to do to beat out the other buyers to the best deals. Here are today’s favorite topics chosen by readers of the L.A. Loft Blog: #losangeles
2018 New construction town homes offer a great deal on the latest design and technology. Enjoy unparalleled convenience of parking the car inside the home with large windows and natural light, modern open concept, walkable to restaurants, parks and shopping.
Even the best new homes create a glut on the market that the developer must sell, so they come at a competitive price for very popular properties. Buyers can often get the best deal on a new development townhouse while the construction is still ongoing and before they are sold out. Check out the newest homes nearing completion near Downtown Los Angeles. Get a free list of new homes under construction. Fill out the online form:
As a preview to Downtown’s busy real estate season that begins in earnest on January 2, some 2018 New Year’s homebuyers are coming out early and giving a positive premonition of what is to come. #newlofts #downtownla #dtla
As an example, during the slow period from October 31 to December 26, prospective loft buyers were only interested in the prettiest of places. But, this week, several buyers began giving positive feedback of more challenged lofts such as SB Grand Unit #307 at 312 W 5th St.
The larger, affordable unit receives less natural light than most condos, so it is darker on the inside. The unit has extra open space, high ceilings, upgraded wood flooring and a private balcony. This presents a superior fixer investment opportunity that quickly bumps up in value simply by upgrading the lighting and brightening up the decor interior design. The unit is expected to go from no acceptable offers in several months, to suddenly receiving multiple offers above asking price within a few weeks as the busy home buying season gets started early after the new year in Downtown Los Angeles and extra frenzied home buyers start to come out of the woodwork after holiday distractions are over. Those who want a completely move-in ready loft may prefer a recently upgraded loft or a new loft.
Get a free list of new lofts being created in Downtown Los Angeles. Fill out the online form: