Downtown Distressed Lofts and Condos For Sale in Los Angeles #downtown #distress

The funny thing about distressed real estate is that it’s not just the property seller who is in distress; it is the buyers as well. Some are worried while others are sitting pretty.

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The LA Loft Blog has been presenting valuable exclusive Downtown real estate information, market data and economic projections for more than 5 years now. And we’re just getting started.  We’ve helped nearly one million buyers, sellers, renters and investors to make countless millions of dollars in profit and equity. The LA Loft Blog was among the first to remind buyers to catch the wave and buy big in 2012. We reported that buying a Downtown loft that year was going to be almost like getting free real estate. Prices more than doubled in record time. The LA Loft Blog was right on!  So, what are the opportunities that we are telling you about today? — A normal market in a better-than-normal neighborhood. Superior growth! Above-average potential for return on investment. Cha-Ching!!

You won’t find a quick free property today. There are usually far more distressed properties for sale during a major economic recession. The good news for those looking for a really good deal today is that certain kinds of distressed properties are not that difficult to find. Properties are not usually considered distressed the day they are listed.  If the seller takes an offer 3 days on the market, there is not a whole lot of distress there. The distressed properties are the lofts that nobody wants. They’re listed for too high of a price, they’re on the market for more than 63 days. They’re too dark, no view, cluttered or not presented well, awkward floor plans, sometimes pulled from the market prematurely. Sometimes, they just need a decorative lighting, a modern decorated look, a wall removed or a frosted glass sliding bedroom door to be added. They can all present a better-than-average deal because they are overlooked by most buyers. But should we focus on the superior investment potential of the amazing historic loft architecture or the upcoming special assessment to repair the crumbling building facade?

signat-higgins-705-400kHere’s a BIG hint folks:  Sometimes there are micro recessions and market glitches that give better deals:  pre-elections, holidays, market lulls and nearby construction booms can create a mini glut and temporarily low prices.  Did you get the hint? Those are all happening in Downtown right now! Yes, as billionaire Warren Buffet says “Get greedy when others are scared, and get scared when others are greedy.” Today, there’s a bit more scared than greedy in DTLA, so the astute investors know that they should be just a little bit greedy at this point.

Today in Downtown Los Angeles, there are virtually zero foreclosures. There are several other categories of distressed properties: vacant more than 30 days, buildings with lawsuits, post-litigation and pre-litigation, neglected properties, raw lofts, properties with upcoming special assessments, canceled and withdrawn listings, unlisted, pocket listings and off-market properties, and sellers who must sell fast. The most often overlooked deal is the ignored overpriced loft that becomes underpriced after receiving a strategic offer.

Get a free list of distressed Downtown lofts and condos. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

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Copyright © 2016 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.

Downtown LA Open House Lofts and Condos For Sale #dtla #openhouse

Taking a look at some open house lofts and condos is a great way to get a real feel for what is happening in the Downtown Los Angeles real estate market.

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Below is a link to the DTLA area open houses with a map so LA Loft Blog readers can easily visit the properties for sale open-house-map-dtla-161014 (pdf).

Find an historic loft and save money on property taxes with a Mills Act approved property.  Get a free list of Mills Act Downtown properties in your email. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

button        button (1)        

SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

1 A 42 849 S BROADWAY #505
90014 $629,000 1 1 890 22,842 1930 10/7/2016 10/7/2016 10/16/2016 (2:00PM-
5:00PM) : Review (P)
16-169056 CC
2 A 42 1850 INDUSTRIAL ST #113
90021 $750,000 1 1 1,020 31,626 1925 9/6/2016 9/6/2016 10/16/2016 (1:00PM-
4:00PM) : Review (P)
16-159414 CC
3 A 42 1155 S GRAND AVE #1807 90015 $849,000 1 2 1,390 52,756 2008 4/8/2016 4/8/2016 11/04/2016 (2:00PM-
5:00PM) : New (B)
16-113272 CC
4 A 42 1100 S HOPE ST #1209 90015 $715,000 1 1 1,080 41,205 2007 10/5/2016 10/5/2016 10/16/2016 (2:00PM-
5:00PM) : Review (P)
16-166782 CC
5 A 42 1111 Grand AVE #805 90015 $614,777 1 1 1,050 52,756 2008 10/5/2016 10/5/2016 10/16/2016 (11:00AM-
3:00PM) : Review (P)
AR16724826MR CC
6 A 42 1100 Grand AVE #A104 90015 $800,000 2 2 1,400 18,467 1923 10/6/2016 10/6/2016 10/15/2016 (11:00AM-
1:00PM) : Review (P)
WS16719916MR CC
7 A 23 500 MOLINO ST #117 90013 $729,000 0 1 1,470 83,042 1923 6/3/2016 6/3/2016 10/15/2016 (1:00AM-
4:00PM) : Review (P)
16-131630 CC
8 A 42 849 S BROADWAY #305
90014 $629,000 0 1 890 22,844 1930 8/2/2016 8/2/2016 10/16/2016 (2:00PM-
4:00PM) : Review (P)
16-149682 CC
9 A 42 645 W 9TH ST #526 90015 $660,000 1 1 1,023 74,720 2006 8/9/2016 8/9/2016 10/16/2016 (2:00PM-
4:00PM) : Review (P)
16-151586 CC
10 A 42 1155 S GRAND AVE #1901 90015 $1,999,999 2 3 2,370 52,756 2008 10/7/2016 10/7/2016 10/16/2016 (1:00PM-
5:00PM) : New (P)
16-169598 CC
11 A 42 108 W 2ND ST #705 90012 $400,000 1 1 650 19,153 1910 10/9/2016 10/9/2016 10/18/2016 (11:30AM-
1:30PM) : Review (P)
16-169904 CC
12 A 42 940 E 2ND ST #38 90012 $1,795,000 2 3 2,340 43,803 1906 10/11/2016 10/11/2016 10/16/2016 (2:00PM-
5:00PM) : New (P)
16-170338 CC
13 A 42 1111 S GRAND AVE #1009 90015 $1,195,000 2 2 1,620 38,727 2005 10/13/2016 10/13/2016 10/16/2016 (2:00PM-
5:00PM) : New (P)
16-171014 CC
14 A 42 746 Los Angeles ST #101 90014 $369,800 0 1 580 38,308 1922 10/8/2016 10/8/2016 10/14/2016
(12:00PM-2:00PM) :
Review (P)
WS16720236MR CC
15 A 42 1100 S HOPE ST #1503 90015 $660,000 1 1 860 41,205 2007 10/3/2016 10/3/2016 10/16/2016 (2:00PM-
5:00PM) : Review (P)
16-167904 CC
16 A 42 1100 WILSHIRE #2206 90017 $949,000 2 2 1,340 27,098 1986 10/11/2016 10/11/2016 10/15/2016 (2:00PM-
4:00PM) : New (P)
16-168516 CC
17 A 42 1155 Grand AVE #1103 90015 $749,000 1 2 1,120 52,756 2008 10/7/2016 10/7/2016 10/16/2016 (1:00PM-
4:00PM) : Review (P)
DW16719489MR CC

COMPLETE LIST   |   MILLS ACT

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Copyright © 2016 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.