Tag: Higgins Loft

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Historic Higgins Building Loft comes on Market with Mills Act Tax Savings

Historic Higgins Building Lobby
Historic Higgins Building Lobby

MillsActLA.com — City of Los Angeles program that will save you significantly on your property taxes while helping to maintain the authentic integrity of an historic California building? The Mills Act is a California law allowing cities to enter into contracts with the owners of historic buildings. Such contracts involve a reduction of property taxes (sometimes up to 66% or more) in exchange for the continued preservation of the property.

Mills Act Historical Property Contract Program

A formal agreement, generally known as a Mills Act or Historical Property Contract, is executed between the City of Los Angeles and property owners for a revolving ten-year term. Contracts are automatically renewed each year so that the term of the contract always extends for ten years. Builders and homeowners agree to restore, maintain, and protect the property in accordance with specific historic preservation standards and conditions identified in the contract. Periodic inspections by LA City and County officials ensure proper maintenance of the property. The City may impose penalties for breach of contract or failure to protect the historic property. The contract is transferred to new owners if the property is sold, and is binding to all successive owners.

The list of Downtown L.A. Mills Act properties is always changing.  Here is an example of one that has recently come on the Market,  Located in the historic Higgins Building, diagonal from Parker Center in beautiful, vibrant Downtown LA. Live/Work corner Loft with high ceilings, concrete floors, huge windows with Disney Hall and Downtown Skyline views. The building was restored to its prime with original Classic Beaux-Arts Architecture with Mosaic Tile Flooring, Zinc Covered Doors and Windows Imported Marble Wainscoting Throughout Hallways. Building features Rooftop Common Area and Security Guarded Entrance. Walk to local parks and attractions and become part of LA’s urban lifestyle. Mills Act approved building with significant property taxes breaks.
Insert #MillsAct #Loft

The list of Downtown L.A. Mills Act properties is always changing.   To get a current list of properties covered by the Mills Act fill out this online form.

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Higgins Building
Higgins Building Loft #309

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.

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Higgins Loft Just Closed – 108 W. 2nd Street, Los Angeles, CA 90012 – Buyer’s Side

NEW COMP IN THE HIGGINS BUILDING

Higgins Loft (Just Closed) – 108 W. 2nd Street, Los Angeles, CA 90012 – Buyer’s Side.

Request all recently sold properties at LAcondoInfo.com at http://www.lacondoinfo.com/gold_findout.asp

108 W 2ND ST  #705  LOS ANGELES, CA 90012 $376,000 Sold 14-762655 Sold
  • Area:  (42) Downtown L.A.
  • Subdivision:
  • Property Type:  Residential Condo/Coop
  • Bedrooms:  0
  • Bathrooms:  1.00 (1 0 0 0 )
  • HOD:  $592.00
  • Building/Living Area:  650/VN
  • Land Type:
 Rooms: Loft

Equipment:  Dishwasher, Elevator, Range/Oven, Refrigerator
Remarks:  AMAZING DESIGNER LOFT IN THE CLASSIC BEAUX ARTS STYLE HISTORICAL LANDMARK HIGGINS BLDG. THE BUILDING FEATURES PERIOD IRON WORK HAND RAILINGS, IMPORTED MARBLE THROUGHOUT HALLWAYS AND IRON CAGED ELEVATORS TO NAME A FEW. UNIT BOASTS OPEN FLOOR PLAN, AUTHENTIC METAL DOORS AND WINDOWS, POLISHED CEMENT FLOOR, GOURMET STAINLESS STEEL KITCHEN WITH GRANITE COUNTER TOP, EXPOSED CEILING AND DUCTWORK AND AMPLE CLOSET SPACE . BUILT IN 1910, HIGGINS BLDG IS MILLS ACT FOR TAX SAVINGS. THE BUILDING IS LOCATED IN THE CIVIC CENTER AREA , STEPS TO LITTLE TOKYO , DISNEY HALL AND RIGHT ACROSS LAPD ADMIN BLDG. PITFIRE PIZZA, GROUNDWORKS COFFEE, LILYA’S CHINA BISTRO AND BADMAASH INDIAN RESTAURANTS ARE ON THE GROUND LEVEL OF THE BLDG.
BUYER’S AGENT :    Corey Chambers (213) 478-0499

Find Out What The Loft Down The Street Sold For!  FREE List Of Recent Home Sales And Active Listings In Downtown L.A. at LAcondoInfo.com

Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Copyright © 2014 by Combined L.A./Westside MLS, Inc. Information deemed reliable but not guaranteed. Buyer’s Agent: Corey Chambers CalBRE# 01889449 (corey@laloft.org).