Knowing what others are thinking, looking at and doing is some of the best research that a prospective home buyers or seller can do before looking at properties. To help out, here is a list of this week’s most popular posts and pages on the L.A. Loft Blog. #dtla #lofts #top10
NEW LOFTS INTEREST LIST — Get a free list of new lofts just listed for sale or for lease in Downtown LA. Fill out the online form:
The L.A. Loft Blog has received word that several qualified buyers are trying to purchase a loft in the Higgins Building, which sits conveniently between Downtown’s Historic Core, Civic Center and Little Tokyo neighborhoods. #higgins #building
The building was scary just a few months ago when a proposed special assessment was coming up for a vote, and few details were available on the fate of the structure and its residents. The only thing known was that a big bill may or may not be coming for every homeowner in the Higgins.
Home to America’s 2nd largest cluster of government workers, Downtown Los Angeles now provides an astounding 500,000 jobs. The Higgins directly benefits from the LAPD headquarters across the street that provides nearly round the clock vigilance by police in and around the building, and a large lawn that has become a very popular defacto dog park. The residents are quite happy, but a $15,000 to $30,000 question about a potential assessment can really put a crimp on future plans.
Now that the Higgins homeowners association has recently passed its special assessment to pay for a $4 million renovation, the future is clear and bright for the Mills Act historic building. The crumbling facade will be completely replaced with a newly restored exterior, complete with incomparable details, which could never be duplicated by new construction. Historic building engineering specialists Simpson Gumbertz & Heger have provided a proposed facade restoration plan that gives a glimpse of the many fixes. See it the hoa-proposal. Higgins unit number #705 what was listed for sale and received few offers during the holidays, suddenly received 4 offers in 2 days, and has several other interested buyers who have expressed interest, including several all cash buyers.
A new Metro station is under construction across the street on Spring, which will add a lot of transportation convenience and urban value to the building when the big construction project is completed in 2018.
Several buyers, including some all cash buyers, are actively trying to buy a Higgins loft around 650 to 750 sq ft or more, around the price range of $375,000 to $475,000 or so. Those who might know an owner of a Higgins loft (or a similar building nearby) who may be interested in selling can notify the L.A. Loft Blog at higgins@laloftblog.com or call (213) 880-9910 so that a free online home evaluation can be provided to the homeowner.
Investors and prospective home buyers can get a free heat map of local building values, building types, estimated equity, recent sale, foreclosure, owner occupied, turnover, year built, property type, square footage, assessed value and mortgage debt, all visible as color maps at a glance. Get a free heat map of home values in the Downtown area. Fill out the online form:
