Lofts.Blog.com L.A. Loft Blog History Archive Part 2

Downtown Los Angeles Real Estate Backup Archived Article Records Pt 2

This week, the LA Loft Blog is restoring some old posts from the defunct blog.com server that began a slow and painful demise a few years ago. Because it is taken from Archive.org Wayback Machine, some of the photos and links are not working. The historical text can be helpful to show what was happening with urban properties a few years ago. Some of the text may be updates, but most is old information from the time that the blog post was originally written. #laloftblog #dtla

Skid Row homeless poverty and blight in the center of Downtown Los Angeles
Skid Row homeless poverty and blight in the center of Downtown Los Angeles
Some have recently questioned whether Downtown Los Angeles is headed in the right direction regarding racial diversity.  My real estate team and I are working to make sure that Downtown is getting more diverse.  We do not believe that a diverse Downtown needs more poor and homeless. It needs fewer.  We believe that ending up with fewer homeless and poor is a good thing and the right thing.  If more poor are truly being helped effectively, then they will raise themselves up and no long be as poor.  I’ve seen myself and my family members of all races and creeds turn their lives from poor to rich through hard work and determination, along with a little bit of love, respect and freedom to choose one’s own destiny.
LOFTS FOR SALE IN DOWNTOWN  |  LOFTS FOR LEASE IN DOWNTOWN  |  CONTACT USAs a Realtor(R) real estate agent in Downtown Los Angeles, I work hard to promote equality and opportunity for everyone in Downtown housing. Nevertheless, lofts in Downtown are not the cheapest residential real estate to buy or rent. Lofts often tend to appeal to those demographics that have average or above average income and resources. Lofts are a unique and different way of living and working that seem to have greater appeal to or access by people of means. While I don’t believe in race, as all humans are of African descent, I cannot help notice that some of the loft buildings are not as diverse as they perhaps should be in Downtown Los Angeles.  I thank God for giving me close family members who are very racially diverse.  I want Downtown to be equally blessed.

The LA Weekly blog recently questioned the ethics and validity of the loft-based gentrification of Downtown. It states that poor blacks have moved out as rich whites have moved in? Is it racial cleansing?

http://blogs.laweekly.com/informer/2012/05/occupy_central_city_association_angeles_skid_row_protest.php

Following the logic of the LA Weekly blog article, we would have to ask another question. In the 1950s, 60s and 70s, were middle class and wealthy caucasians displaced by African Americans and Hispanics in downtown and south central Los Angeles?  If so, was it racial cleansing?

Corey Chambers supports charity benefit in Skid Row Downtown Los Angeles
Corey Chambers supports charity benefit in Skid Row Downtown Los Angeles

Having observed the white, black, Hispanic and Asian members of my own family pull themselves up by hard work and determination, I must conclude that each individual is best suited to help themselves, their family, and community in that order. The government is inherently too distant to be very good athelping individuals.

The best help the government can provide is to get out of the way and let people help themselves and help others in the way that keeps proving to work best  –  free enterprise.

The team at Loft Living L.A. has been helping the poor and homeless in Downtown regularly for more than 10 years.

Skid Row is currently a place where families feel unwelcome and unsafe.  That is not fair for families, residents and businesses who support Downtown.  It is time to turn Skid Row into what it should be.  It is ultimately not fair to the homeless to provide half-way support and services.  We need to turn their lives around while turning Skid Row around that the same time.  It it time to do it now.  It is time to step up and to provide the funding necessary to create more homes, jobs, training and services, and to turn the blighted Central City East “Skid Row” into a beautiful neighborhood that is powerfully uplifting for the local residents.  You may support the new family-friendly casino district by signing the petition at http://www.facebook.com/skidrowcasino

Corey Chambers, REALTOR®
(213) 478-0499 Mobile
(877) 4LA-LOFT Office
(213) 232-7778 FAX
Business Hours: 9 AM to 8 PM every day

corey@loftlivingla.com

http://www.LAloftBlog.com

Loft Living L.A., 1308 Factory Place, #112, Los Angeles, CA 90013

Corey Chambers is a Realtor® Downtown loft specialist with Loft Living L.A., Keller Williams Pasadena
Double Platinum award-winning Downtown living team with volume over $15 million in 2010
Keller Williams Pasadena – 445 S. Fair Oaks Avenue, Pasadena, California  91105
DRE#01889449

LOFTS FOR SALE IN DOWNTOWN  |  LOFTS FOR LEASE IN DOWNTOWN  |  CONTACT US

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Southern California Real Estate Prices Up Reports Los Angeles Times

The L.A. Loft blog reported last year that real estate prices were going up in Downtown Los Angeles.   Along with other sought after areas such as West Los Angeles and beach areas like Malibu, Downtown was among the first to see home prices rise.  Other cities are catching on.  And now the real estate recovery is official.   Read the Los Angeles Times article

The Wall Street Journal NewsHub reported that billionaire Warren Buffet is now investing big in residential real estate.

L.A. Loft blog readers should note that reduced inventory comes with higher prices.  Selection has been dropping, and competition among other buyers is fierce for the best properties.  The best properties in Downtown are often receiving 5 to 20 offers in a matter of days, and the most popular lofts and condos are beginning to sell for substantially more than the asking price in many cases.

Finding, financing, negotiating and closing on a Downtown loft can be much more difficult than a traditional home.  Buyers must use a Downtown specialist Realtor(R) to get the best chance of success when seeking a Downtown loft or condo.

LOFTS FOR SALE IN DOWNTOWN  |  LOFTS FOR LEASE IN DOWNTOWN

Corey Chambers, REALTOR®
(213) 478-0499 Mobile
Business Hours: 9 AM to 8 PM every day

http://www.LAloftBlog.com

 

DRE#01889449

LOFTS FOR SALE IN DOWNTOWN  |  LOFTS FOR LEASE IN DOWNTOWN

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Real Estate Prices Up in Downtown Los Angeles – Lofts, Condos for Sale and Rentals Show Lower Inventory and Higher Values

Home Prices Go Up as the Number of Available Downtown Properties Plummets
The numbers are just now beginning to show what Loft Living L.A. Realtors(R) have been witnessing for nearly a year.   The latest real estate numbers fresh off of the MLS show reduced inventory, higher prices and faster sales.  Last August, Loft Living Los Angeles announced that we were already seeing many signs of a market turnaround in Downtown.  Now the numbers are in to support the improving Downtown real estate market that we have been seeing for the past ten months.  Compare numbers from this past three months to the same period in the prior year.

 

Real Estate Prices Rise in Downtown Los Angeles

Demand is up, while housing inventory is down.  The number of properties available to purchase has shrunk from 139 to 125.  Properties are selling much faster.  The number of days on the market has shrunk from 85 to 55, more like around 5 days for the best properties.  The low end price has risen from $96,600 to $107,500, while there are now very few properties remaining under $250,000.  The high end price has risen from $1,966,300 to $7,250,000.  It is now officially a seller’s market as the average selling price has increased from 95.44% to 112.50% of the listed price.  The market analysis reports are below.

What Loft Living real estate agents have witnessed personally is much more dramatic than these numbers because we deal with the highest quality properties in Downtown.   We have seen the number of purchases grow dramatically over the past few months.  And we have even more closing in the next few months.

LOFTS FOR SALE IN DOWNTOWN  |  LOFTS FOR LEASE IN DOWNTOWN

To see lofts and condos for sale in Downtown, contact:

Corey Chambers, REALTOR®
(213) 478-0499 Mobile

http://www.LAloftBlog.com
DRE#01889449

Market Analysis Report

Last Run: 06/26/2012 at 4:20:48 PM   Status: Sold Sold Date: 3/1/2012 to 5/31/2012 Areas: (23) Metropolitan — (42) Downtown L.A.

Recent Market Data:

# of Listings

Average DOM

Low Price $

Median Price $

High Price $

Average Price Total $

*Avg. Price w/ Sq.Ft. $

*Average Sq. Ft.

*Avg. Price/Sq.Ft. $

***Avg. Price w/ LSZ $

***Average LSZ

***Average Price/LSZ $

Average SP/Average LP

Sold LP

125

55

115,000

310,000

2,630,000

405,689

387,751

1,103.32

351.44

246,079

53,765.36

4.58

Sold SP **

125

55

107,500

323,000

7,250,000

456,406

438,877

1,103.32

397.78

248,571

53,765.36

4.62

112.50%

* = Square footage calculations do not include those listings with a reported square footage of zero (2 such listings were found).
*** = Lot size calculations do not include those listings with a reported lot size of zero (194 such listings were found).
** = All calculations in the “Sold (Sold Price)” column do not include those Sold listings with either a reported square footage of zero or a reported Selling Price of zero (0 such listings were found) or a reported lot size of zero (0 such listings were found).
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 © 2012 by Combined L.A./Westside MLS, Inc. Information deemed reliable but not guaranteed. Prepared by: Corey Chambers DRE# 01889449

Corey Chambers – LAloftBlog.com – (213) 478-0499 – coreychambers@yahoo.com

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New Lofts Under Construction in Downtown Los Angeles – Exclusive Preview for Loft Living L.A. Clients

New lofts in Downtown Los Angeles for sale
New lofts in Downtown Los Angeles for sale

Loft Living L.A. is pleased to announce that twenty-one units are near completion of a New York style live/work loft building in Downtown Los Angeles.  Loft Living L.A. clients are among the very first to get a sneak preview of the units before construction is complete and before the building is open to viewing. At least one Loft Living client has submitted an offer on a unit with private outdoor space.  The buyer is likely to get first dibs on a loft with big windows and a large patio.

A short walk to the hip, social pubs of the Arts District and culinary delights of Little Tokyo promenades, units in the six-story building will range from around 630 to 2,200 square feet.  Many will have 2-bathrooms and balcony or patio. Several come with 2-car tandem parking spaces.  The layouts are among the most thoughtful and well balanced, with ceilings ten to eleven feet high, lofty openness, big windows and natural light, closets and just the right amount of separation of the bedroom areas.  Some of  penthouses are 2-story with large terraces.  The rooftop is equipped with a large hot tub spa, lounge area and barbeque with outdoor kitchen.

A second phase of the project is in the planning stage. All buildings have various issues that buyers need to know about.  A knowledgeable Downtown loft specialist can share the pros and cons of this building so that a potential buyer will have the best chance of making a happy purchase decision and great investment.

To get in early and get the best pick, call Corey:

Corey Chambers, REALTOR®
(213) 478-0499 Mobile
(877) 4LA-LOFT Office
(213) 232-7778 FAX
Business Hours: 9 AM to 8 PM every day

corey@loftlivingla.com

http://www.LAloftBlog.com

Loft Living L.A., 1308 Factory Place, #112, Los Angeles, CA 90013

Corey Chambers is a Realtor® Downtown loft specialist with Loft Living L.A., Keller Williams Pasadena
Double Platinum award-winning Downtown living team with volume over $15 million in 2010
Keller Williams Pasadena – 445 S. Fair Oaks Avenue, Pasadena, California  91105
DRE#01889449

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LUMA LOFTS FOR RENT DOWNTOWN LOS ANGELES

Downtown Luxury Rental in the Luma building, South Park by L.A. Live

1100 S Hope St Apt 816, Los Angeles, CA $5,800

Furnished 2BR/2+1BA Condo $5,995/month – ENJOY THE EXCITEMENT AND COMFORT OF SOUTH PARK DOWNTOWN IN THIS 8TH FLOOR LUMA CORNER UNIT WITH SUPREME NORTHWEST VIEW OF THE HIGHRISE SKYLINE AND L.A. LIVE. FULLY DESIGNER FURNISHED, THIS SOFT LOFT FEATURES HIGH CEILINGS AND GREAT OPENNESS SURROUNDED BY AMAZING FLOOR-TO-CEILING WINDOWS FOR BRIGHT LIGHT AND EXPANSIVE VIEWS. EACH OF THE TWO BEDROOMS IS SEPARATED BY A DESIGNER SLIDING DOOR. EACH BEDROOM HAS A FULL BATHROOM. 2-CAR TANDEM PARKING SPACE. OPTIONAL STORAGE UNIT AVAILABLE. THE LEED CERTFIED LUMA BUILDING OFFERS FULL AMENITIES INCLUDING COVERED PARKING IN THE BUILDING, CONCIERGE FRONT DESK WITH 24-HOUR SECURITY, FITNESS CENTER GYM, SWIMMING POOL, HOT TUB SPA, OPEN COURTYARD WITH WATERFALL, BARBEQUES, FIREPLACE, LOUNGE CHAIRS, TREES, TABLES AND BENCHES. NEAR L.A. LIVE, STAPLES CENTER, THEATER, CONCERTS, FINE DINING, SHOPS, COFFEE, BAKERY, AND METRO STATION.

http://www.postlets.com/rtpb/7442198

Corey Chambers, REALTOR®
(213) 478-0499 Mobile
(877) 4LA-LOFT Office
(213) 232-7778 FAX
Business Hours: 9 AM to 8 PM every day

corey@loftlivingla.com

http://www.LAloftBlog.com

Loft Living L.A., 1308 Factory Place, #112, Los Angeles, CA 90013

Corey Chambers is a Realtor® Downtown loft specialist with Loft Living L.A., Keller Williams Pasadena
Double Platinum award-winning Downtown living team with volume over $15 million in 2010
Keller Williams Pasadena – 445 S. Fair Oaks Avenue, Pasadena, California  91105
DRE#01889449

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Buying a Loft in Downtown Los Angeles – Short Sale, Resale, New Development or Foreclosure?

Short Sale, Resale, New Development and Foreclosure

Short Sales, Foreclosures, New Developments and Resales -Lofts for Sale in Downtown Los Angeles -

Short Sales, Foreclosures, New Developments and Resales -Lofts for Sale in Downtown Los Angeles –

Downtown Los Angeles offers four common types of sales, each with its own set of benefits and drawbacks.  They each require different tactics and strategies, and are appropriate for different types of buyers.  A short sale, for instance, is most appropriate for investors because of its lengthy transaction period, and the need to place offers on many properties, without getting attached to any particular property.  Standard sales include resale of used properties, and sale of new developments.  Perhaps the most desirable for the buyer (and the most rare) is the foreclosure, which often provides for a quick transaction.

Short Sales, Foreclosures, New Developments and Resales

Short Sales, Foreclosures, New Developments and Resales

A short sale is not short.  It usually takes the longest period of time from placing an offer to closing escrow, usually more than three months.  Some short sales by Bank of American have recently closed in just 2-3 months.  The results of most offers on short sales is nothing.  An offer is placed, and there is no response from the seller.  Sometimes the seller’s agent does not even acknowledge receipt of the offer.  It the bidder is lucky to receive an affirmative response from the seller, it means that the bidder, if lucky, might have a 50% chance to buy the property.  The seller will submit the offer to the bank, then wait patiently for a month or two before the bank begins to consider the offer. The counter offer usually comes months later.  What usually happens, unfortunately, is that the buyer has a already moved on by the time the bank has come back with a counter offer.   The highest back-up offer often has a better chance of making the purchase than the original bidder.

Standard sales fall into two categories: new development and resale.  A new development often offers a relatively fast transaction, easy purchase with a sales office (bring an agent with you on your first visit, or you may not have an expert to look after your best interests).  Resale of used properties can also offer a fairly quick and easy transaction.

Each type of sale requires a different strategy for placing offers and negotiating the best price and terms.  For Downtown lofts, it is very important to use a Downtown loft specialist who knows the issues good and bad for each building.  Those who use an agent from another area almost certainly face extra delays, more costs.  A Downtown specialist Realtor(R) more often than not makes the difference between a failed transaction and a successful Downtown home purchase.

Corey Chambers, REALTOR®
(213) 478-0499 Mobile
(877) 4LA-LOFT Office
(213) 232-7778 FAX
Business Hours: 9 AM to 8 PM every day

corey@loftlivingla.com

http://www.LAloftBlog.com

Loft Living L.A., 1308 Factory Place, #112, Los Angeles, CA 90013

Corey Chambers is a Realtor® Downtown loft specialist with Loft Living L.A., Keller Williams Pasadena
Double Platinum award-winning Downtown living team with volume over $15 million in 2010
Keller Williams Pasadena – 445 S. Fair Oaks Avenue, Pasadena, California  91105
DRE#01889449

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Coming Soon — Expensive Lofts Only. Lofts Under $250,000 must be purchased now.

Due to the changing market, prospective buyers must be prepared to start paying higher prices.  Prices are rising.   Inventory is low in Downtown, while the number of serious buyers is increasing.  Beginning the 2nd half of 2012, the Loft Living L.A. team may no longer be able to help buyers who need to purchase properties under $250,000 because there will few if any quality properties in that price range.

If you plan to purchase a loft or condo in or around Downtown for less than $250,000, you must make your purchase now.  By 2013, we expect the minimum price for quality Downtown lofts to be closer to $300,000.

To see low cost properties while they are still available, contact:

Corey Chambers, REALTOR®
(213) 478-0499 Mobile
(877) 4LA-LOFT Office
(213) 232-7778 FAX
Business Hours: 9 AM to 8 PM every day

corey@loftlivingla.com

http://www.LAloftBlog.com

Loft Living L.A., 1308 Factory Place, #112, Los Angeles, CA 90013

Corey Chambers is a Realtor® Downtown loft specialist with Loft Living L.A., Keller Williams Pasadena
Double Platinum award-winning Downtown living team with volume over $15 million in 2010
Keller Williams Pasadena – 445 S. Fair Oaks Avenue, Pasadena, California  91105
DRE#01889449

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MILLS ACT PROPERTY TAX SAVINGS ON HISTORIC BUILDINGS IN DOWNTOWN LOS ANGELES

Some Mills Act buildings in Downtown L.A. offer a great rooftop along with potential tax savings

Some Mills Act buildings in Downtown L.A. offer a great rooftop along with potential tax savings

The Mills Act offers potential savings on county property tax to owners of condominium units in qualified historic buildings in Downtown Los Angeles.  We have not been able to obtain much hard data on the program, just rumors and 2nd hand information.  We recently have learned that the savings could be much less than the 30% savings that we heard earlier.  In fact, some could even end up owing more tax than without the Mills Act.  Overall, however, the Mills Act seems to be performing, and we have heard that the savings will be higher when the property values go back up again.  The savings is apparently based complex formula (which we have never seen) on the commercial rental value of the properties.  The Mills Act is only on certain old buildings that have not made  significant changes to the external appearance, such as windows.

Higgins is among the list of Mills Act historic buildings in Downtown L.A.

Higgins is among the list of Mills Act historic buildings in Downtown L.A.

Here is the only article that I have seen on the Mills Act recently.  We are making no representations on this info, simply passing it on.  Do your own research to confirm everything:

Do you own a great historic building in Los Angeles? Is your property an existing City of Los Angeles Historic-Cultural Monument or a contributing structure in a designated Historic Preservation Overlay Zone? Are you interested in a financial incentive that can help you rehabilitate, restore and maintain your building? The City of Los Angeles can help.
The Mills Act Historical Property Contract Program allows qualifying owners to receive a potential property tax reduction and use the savings to help rehabilitate, restore and maintain their buildings. The Mills Act is the single most important economic incentive program in California for the restoration and preservation of historic buildings by private property owners. Enacted in 1972, the Mills Act legislation grants participating local governments (cities and counties) authority to enter into contracts with owners of qualified historic properties who actively participate in the restoration and maintenance of their properties to receive property tax relief. The City of Los Angeles adopted local Mills Act legislation in 1996. Since then, over 600 properties have benefited from the program.

Downtown Los Angeles is home to many historic buildings qualified for the Mills Act

Downtown Los Angeles is home to many historic buildings qualified for the Mills Act

Benefits of the Program

A formal agreement, generally known as a Mills Act or Historical Property Contract, is executed between the City of Los Angeles and the property owner for a revolving ten-year term. Contracts are automatically renewed each year so that the term of the contract always extends for ten years. Property owners agree to restore, maintain, and protect the property in accordance with specific historic preservation standards and conditions identified in the contract. Periodic inspections by 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.

Benefits to Owners
Owners of qualified historic properties may apply for the program if they pledge to rehabilitate and maintain the historical and architectural character of their properties for the life of the Contract. The Mills Act program is especially beneficial for recent buyers of historic properties and for current owners of historic buildings who have made major improvements to their properties.
Mills Act participants may realize substantial property tax savings each year for recently improved or purchased older properties because valuations of Mills Act properties are determined by an Income Approach to Value rather than by the standard Market approach to determining appraised value. The Income Approach, divided by a capitalization rate, determines the assessed value of the property. In general, the income potential for an owner-occupied residential property is calculated by examining comparable rents for similar properties in the area, while the income amount on a commercial property is based on actual rent received. Because rental values vary from area to area, actual property savings may vary. In addition, as County Assessors are required to assess all property annually, Mills Act properties may realize slight increases in property taxes each year.

Qualified Historic Property
A qualified historic property in the City of Los Angeles is a property listed as a locally-designated Historic-Cultural Monument or Contributing Property to an approved Historic Preservation Overlay Zone. Additionally, single-family residences (with a property tax value assessment of not more than $1,500,000) and income producing multi-family/commercial/industrial properties (with a property tax value assessment of not more than $3,000,000) are eligible to apply. Property values in excess of these limits may apply for an exemption if they meet certain criteria.
Because the City’s Mills Act program is now nearing the City Council imposed $1 million cap on annual lost revenues, the City will only be accepting applications for properties that need significant rehabilitation or restoration work. The work needed to rehabilitate or restore the property shall be pending or not completed. Applications will be prioritized based on how the Mills Act will be used to assist the viability of the project.
Properties seeking an Exemption from the Valuation Limits of $1.5 million for Single-Family Residences and $3 million for Multi-family/Commercial Properties are required to prepare a Historic Structure Report (HSR). The report shall follow the methodology outlined in Preservation Brief 43 – The Preparation and Use of Historic Structures Reports published by the National Park Service (seehttp://www.nps.gov/history/hps/TPS/briefs/brief43.htm). The HSR is used to substantiate the exceptional circumstances that warrant granting the exemption.
To see Mills Act and other historic buildings with lofts for sale in Downtown Los Angeles, contact:
Corey Chambers, REALTOR®
(213) 478-0499 Mobile
(877) 4LA-LOFT Office
(213) 232-7778 FAX
Business Hours: 9 AM to 8 PM every daycorey@loftlivingla.comhttp://www.LAloftBlog.comLoft Living L.A., 1308 Factory Place, #112, Los Angeles, CA 90013Corey Chambers is a Realtor® Downtown loft specialist with Loft Living L.A., Keller Williams Pasadena
Double Platinum award-winning Downtown living team with volume over $15 million in 2010
Keller Williams Pasadena – 445 S. Fair Oaks Avenue, Pasadena, California  91105
DRE#01889449
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Studio 1700 Lofts – New Rentals in Downtown Los Angeles – Now Open for Lease

Studio 1700 Lofts Downtown Los Angeles

Studio 1700 Lofts Downtown Los Angeles

Studio 1700 Lofts New Rentals in Downtown Los Angeles

Studio 1700 Lofts New Rentals in Downtown Los Angeles

Now open, the Studio 1700 Lofts are the newest loft rentals in Downtown Los Angeles.   Technically in Boyle Heights right over the 4th Street bridge, the new loft apartments are conversions from a charming 0ld, historic brick industrial building.  They feature plenty of raw original wood floors and exposed brick, while upgraded with brand new kitchens, bathrooms, A/C and dual-pane windows.  SEE PHOTOS

To be among the first to see the new units, call Corey (213) 478-0499  |

MORE PHOTOS  |  MORE INFO  |  VIDEO

Downtown Los Angeles Loft Real Estate Specialist Realtor

Downtown Los Angeles Loft Real Estate Specialist Realtor

Corey Chambers, REALTOR®
(213) 478-0499
corey@loftlivingla.com

Corey Chambers is a Realtor® Downtown loft specialist with the Double Platinum award-winning Downtown L.A. team with volume over $15 million in 2010
Keller Williams Pasadena – 445 S. Fair Oaks Avenue, Pasadena, CA 91105
DRE#01889449

LOFT BARGAINS & NEWS – L.A. Loft Blog: http://www.laloftblog.com

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LOFTS DOWNTOWN LOS ANGELES FOR SALE – Market Heats Up, Prepares to Skyrocket

Downtown L.A. lofts near Spring Street and 3rd

downtown-la-lofts-spring-street-3rd

After several years of falling prices in Downtown real estate, the agents at Loft Living L.A. began to notice some leveling in 2010, and then a few increases in the beginning of 2011.  By June of 2011, most prices were either level or increasing.  For a nice luxury condo in Bunker Hill, a buyer spent about $60,000 more than it was purchased for less than a year before.

Downtown never did get very many foreclosures.  Most Downtown agents now agree that the long spell of falling prices is over in Downtown.  Evan Fujii of Wilshire Metro Realty calls it “stabilized,” while Corey Chambers calls it “white hot!”

Lofts in Downtown Los Angeles are the best investment

Lofts in Downtown Los Angeles are the best investment

“Now most of the bargain hunters who put in offers at or below the comps are being outbid,” says Downtown specialist Realtor® Corey Chambers.  ”Only the properties outside of Downtown offer the comfort of allowing the placement of a low offer while expecting a purchase to likely occur.  In most parts of Downtown, an offer must be $20,000 to $80,000 above the comps in order to win a purchase.”  Most desirable lofts are receiving 3 to 10 offers within just a few days of a new listing.  Just this week, one hopeful buyer offered a whopping $100,000 above the asking price, hoping for a sure thing.  The huge offer was outbid by an even more aggressive offer.

Agents Corey Chambers, Drew Panico Discuss Downtown Real Estate Boom

Agents Corey Chambers, Drew Panico Discuss Downtown Real Estate Boom

One thing is for sure.   It is looking more and more like the next real estate boom has already begun in Downtown.  With the improving economy, bustling Downtown renaissance, and with the shrinking inventory of residential properties, Downtown condo and live/work loft prices are sure to keep trucking.  They could be among the best and smartest investments of all.  With prices at or near the bottom, and with the record low interest rates, buyers simply cannot go wrong in today’s market turn-around.

Posted inHome Buying, Lofts in Downtown Los Angeles| Tagged|Comments Off

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. This post is an archive backup for historic purposes, not intended to represent current information. Portions have been updated, but most has not. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Lofts.Blog.com L.A. Loft Blog Historic Downtown Los Angeles Real Estate Archive 2015 Pt 1

The L.A. Loft Blog began in 2011 as a series of posts on the Blog.com platform.  Our site was then at Lofts.Blog.com  #laloftblog #lofts.blog.com #dtla

Lofts.Blog.com began to function less and less, slower and slower over a period of years until the blog.com site server eventually came to a standstill and totally non-functional in 2015.  Thanks to the amazing folks at the Wayback Machine Internet Archive, there is a back-up of the lofts.blog.com pages from way back then.  Many of the links will not work, but it is fun and educational to look back at what was happening in Downtown Los Angeles in 2015. This is Part 1, the most recent of of 3 archive posts.  #realestate

September 8, 2015

MAY SEP OCT
Previous capture 08 Next capture
2012 2015 2016

8 captures

5 Apr 2012 – 8 Sep 2015

3 Ways to Buy a Downtown Los Angeles Loft for Less Money

If you are selling your loft, you want to get the most money you can from the buyer. If you are buying, the reverse is true; i.e. you want to buy the home of your dreams for the lowest price you can. These are the most basic and fundamental truths of the real estate transaction — or of any purchase situation for that matter.

Home buyers have a deep-seated desire to save money when possible, and will often take advantage of any system to ensure they can purchase a home they want for thousands of dollars less than the asking price. There is a system with three simple steps before even setting foot in a seller’s home that will ensure that the buyer is able to successfully slash thousands of dollars off the price of the home they want.

WHY IT WORKS:

The system works because a home purchase represents such a major financial investment. The average home buyer will undertake this transaction a few times in a lifetime, and thus few feel qualified to call themselves an expert at the process. Negotiation is considered an “art” that few possess, and most buyers yearn for some assistance to ensure that they emerge from the transaction with the best possible deal.

Importantly, this system is one that the buyer can (and should) follow long before they ever set foot in a specific seller’s home… in other words, the buyer will walk into all situations fully prepared and equipped to get the best possible price. Credible support for this claims comes from the fact that, as the ad explains, these 3 steps were derived from analyzing home buyers who have successfully purchased the home they wanted for thousands of dollars below asking price.

Everyone loves a bargain. Everyone wants a great deal. Here is a free report that offers prospective buyers the informed opportunity to achieve this:

3 Ways to Buy a Home for Less Money

Downtown Los Angeles – If you’re like most homebuyers, you have two primary considerations in mind when you start looking for a home. First, you want to find the home that perfectly meets you needs and desires, and secondly, you want to purchase this home for the lowest possible price

When you analyze those successful home buyers who have been able to purchase the home they want for thousands of dollars below a seller’s asking price, some common denominators emerge. While the negotiating skills of your agent are important, there are three additional key factors that must come into play long before you ever submit an offer.

This topic has been the subject of extensive analysis by Industry Experts, and a summary of their findings, and a specific step-by-step purchase plan for homebuyers, can be found in a new special report called “Homebuyers: How to Save Thousands of Dollars When You Buy”.

This free report outlines the psychology of how a seller sets their asking price, and gives you 3 simple steps to follow, before you even set foot in a seller’s home, which could help you to successfully slash thousands of dollars off the price of the home you want.

To order a FREE Special Report, visit www.SaveThousandsLA.com

Get your free special report NOW to find out how you can save thousands of dollars when you buy a home.

This report is courtesy of Corey Chambers, Realty Source Inc. Not intended to solicit buyers or sellers currently under contract. Copyright © 2015
Historic Core, Los Angeles, CA, USA
~Ada
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Downtown Los Angeles Market Loft For Lease

Market Lofts in Downtown LA – Lowest Price Lease

645 W 9th ST #202, LOS ANGELES 90015  MLS#:  SB15037086MR

LP:  $1,950AREA:  (42)Downtown L.A.STATUS:  AVIEW:  YesMAP:   STYLE:SFR/CA:BR:  0BA:  1.00 (1 0 0 0)APN:  5144027010POOL:  YesSTO:  APX SF:  720PETS:  YesSALE:  FP#:  PKGT:  1APX LSZ:  74,721LOP:  SDEP:  $1,950HOD:  $0.00BALC:  N/AYB:  2006GH:  NoneTERMS:  LNDRY:  Inside,Laundry AreaFUR Y/N:DIRECTIONS:REMARKS:  Spectacular Corner unit Condo! Located at a prime location downtown area. This lovely single offers an open layout, the open concept kitchen has stainless steel appliances, and granite counter-tops. This lovely single also offers a spacious walk in closet, full bathroom, W/D combo in the unit, and one car parking space.ROOMS:OCC/SHOW:LP: $1,950DOM/CDOM: 38/LD: 02/19/2015 OLP: $2,100
TOUR THIS PROPERTY – Fill out the online form:


MORE DOWNTOWN RENTALS >>

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 © 2015 by TheMLS.com. Information deemed reliable but not guaranteed. Presented by: Corey Chambers CalBRE# 01889449

Get a free listing of Downtown rentals. Fill out the online form:

Copyright © 2015 This free information provided courtesy Corey Chambers, Realtor, Realty Source Inc BRE#01889449 We are not necessarily associated with the owner or management. For more information, contact (213) 478-0499 or visit LAloftLease.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, seller or renter is already under contract with another broker.
New Downtown, Los Angeles, CA, USA
~Ada
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SOLD This Week in Downtown Los Angeles

JUST SOLD THIS WEEK:  The best way to know the real value of Downtown properties is to see how much money people really paid for lofts and condos in the neighborhood.  Here is a residential real estate list of recently sold homes from all real estate companies:

655 South Hope Street #1403  #1403  Los Angeles, CA 90017 $369,000 Sold 315001220IT Sold
  • Area:  (42) Downtown L.A.
  • Subdivision: Not Applicable-C42
  • Property Type:  Residential Condo/Coop
  • Bedrooms:  0
  • Bathrooms:  1.00 (1 0 0 0 )
  • HOD:  $605.00
  • Building/Living Area:  530/OT
  • Land Type: Other
Rooms: LoftEquipment:  Barbeque, Dishwasher, Garbage Disposal, Microwave, Stackable W/D Hookup, Vented Exhaust Fan
Remarks:  A spectacular 14th Fl. modern loft/pied a terre with city views right on Restaurant Row. Featuring floor-to-ceiling reflective glass windows, solid-core entry doors, sound proof walls, dark wood cabinetry & hardwood floors. Kitchen has polished granite countertops, stainless steel appliances. The bathroom continues with upgrades galore. Start the day at the top-of-the-line on-site 24/7 Fitness Center and finish it with a cool beverage while taking in the panoramic views with friends on the rooftop deck. The helipad for special weekend getaways is a wonderful downtown lifestyle amenity. Absolute convenience continues with LA Live, Nokia, Disney Concert Hall, Staples Sports Center, Cineplex, restaurants/bars all minutes away.
312 W 5TH ST  #1006  LOS ANGELES, CA 90013 $385,000 Sold 15-877449 Sold
  • Area:  (42) Downtown L.A.
  • Subdivision: 
  • Property Type:  Residential Condo/Coop
  • Bedrooms:  1
  • Bathrooms:  1.00 (1 0 0 0 )
  • HOD:  $266.00
  • Building/Living Area:  800/VN
  • Land Type: 
Rooms: Living, OtherEquipment:  Other
Remarks:  Chic and bright 10th floor unit in the SB Grand building. True one bedroom, 800 sqft, newly refinished concrete floors, freshly painted, sliding doors leading to private outdoor patio with peekaboo views of the surrounding historic buildings, low HOA dues, leased parking available. Located in the middle of the Historic Core and along theatre row on Broadway, in the thick of the Bringing Back Broadway renaissance plan. Within blocks of restaurants, cafes and bars along Spring, Main and Broadway. Metro Redline stop on the corner.
460 S Spring ST  #1102  LOS ANGELES, CA 90013 $480,000 Sold DW15007718MR Sold
  • Area:  (42) Downtown L.A.
  • Subdivision: 
  • Property Type:  Residential Condo/Coop
  • Bedrooms:  1
  • Bathrooms:  1.00 (1 0 0 0 )
  • HOD:  $458.00
  • Building/Living Area:  720
  • Land Type: Fee
Rooms: Equipment:
Remarks:  Rarely on the market… Unobstructed East Facing Views from the 11th Floor of THE ROWAN Building. In the heart of the Historic Core this highly desirable Downtown Los Angeles condo is sure to please with all the amenities and views you have been searching for! Enjoy this amazing condo that boasts modern conveniences like stainless steel appliances and granite counter tops but retains the historic charm with brick accent walls and oversized large wood frame windows that filter in the natural light throughout the day and city lights at night. The Rowan Building offers hot and cold pools, outdoor Jacuzzi, serene patio seating, a private event lounge, and is part of the historic Mills Act giving residents a large property tax savings. Perfectly situated in the middle of the “Old Bank District” you are only minutes from transportation, local restaurants, world famous museums, and cultural centers. Local attractions include a Monthly Art Walk, LA Live, MOCA Museum, Little Tokyo, Pershing Square, Grand Central Station, the Library, Metro Red Line, the BROAD Museum, and Grand Park. Submit your offer today since this property is sure to move quickly.
460 S SPRING ST  #911  LOS ANGELES, CA 90013 $600,000 Sold 15-878377 Sold
  • Area:  (42) Downtown L.A.
  • Subdivision: 
  • Property Type:  Residential Condo/Coop
  • Bedrooms:  1
  • Bathrooms:  1.00 (1 0 0 0 )
  • HOD:  $480.00
  • Building/Living Area:  930/BL
  • Land Type: 
Rooms: Living, LoftEquipment:  Dishwasher, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
Remarks:  One of John Parkinson’s finest, this Rowan corner loft is framed in natural light with views of downtown LA’s historic core. Unit 911, a larger 1 bedroom residence, blends Rowan’s classic details of exposed brick walls, 10′ ceilings and original Mahogany picture windows with modern attributes like fine Italian kitchen, Caesar stone countertops, Bosch stainless steel appliances, Toto bathroom fixtures and large walk-in closet. Built in 1912 and restored in 2008, Rowan is an iconic beacon of timeless elegance offering an attended grand lobby, residence lounge, outdoor patio, BBQ grills and hot/cold plunge pools. It’s location places loft dwellers in the center of a progressive neighborhood with an array of dining and entertainment choices and adjacent pet friendly Spring Street Park. Rowan is a registered historic landmark granted with an estimated 65-86% reduction in property taxes through the Mills Act.
800 W 1ST ST  #1603  LOS ANGELES, CA 90012 $645,000 Sold 15-825817 Sold
  • Area:  (42) Downtown L.A.
  • Subdivision: 
  • Property Type:  Residential Condo/Coop
  • Bedrooms:  2
  • Bathrooms:  2.00 (2 0 0 0 )
  • HOD:  $1,187.00
  • Building/Living Area:  1,234/VN
  • Land Type: 
Rooms: Breakfast Area, Entry, Living, Master Bedroom, OfficeEquipment:  Built-Ins, Dishwasher, Freezer, Garbage Disposal, Hood Fan, Ice Maker, Microwave, Network Wire, Range/Oven, Refrigerator, Water Filter, Water Line to Refrigerator
Remarks:  THIS ONE OF A KIND SHOWPLACE IS A REMODELED 2 BD/2BA MODERN LUXURY HI-RISE CONDO OVERLOOKING THE DISNEY CONCERT HALL, BROAD MUSEUM, DWP BLDG. AND OTHER ARCHITECTURAL ICONS, WITH FLOOR TO CEILING PANORAMIC VIEWS OF DOWNTOWN. HIGH END SURFACES (WALKER ZANGER/MOSA) AND PORCELAIN FLOORS THROUGHOUT. UNIT BOASTS AN OPEN FLOOR PLAN WITH A GOURMET CHEF’S KITCHEN WITH STAINLESS STEEL APPLIANCES (VIKING, BOSCH). BUILDING AMENITIES INCLUDE AROUND THE CLOCK SECURITY/CONCIERGE, 2 FULLY EQUIPPED GYMS, POOL AND SPA, TENNIS COURTS, PARK WITH PICNIC/BBQ AREA. HOA FEES COVER ALL UTILITIES, EXCEPT PHONE. THIS PROPERTY IS NOT TO BE MISSED.
849 S BROADWAY  #806  LOS ANGELES, CA 90014 $710,000 Sold 15-877319 Sold
  • Area:  (42) Downtown L.A.
  • Subdivision: 
  • Property Type:  Residential Condo/Coop
  • Bedrooms:  0
  • Bathrooms:  1.00 (1 0 0 0 )
  • HOD:  $753.00
  • Building/Living Area:  1,120/AS
  • Land Type: 
Rooms: Breakfast Area, Dining AreaEquipment:  Built-Ins, Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
Remarks:  Stunning & sophisticated loft in downtown’s historic Eastern Columbia Bldg! Often referred to as the “Jewel of Downtown”, the 13-story Eastern Columbia offers classic 1930 period details such as a turquoise terracotta exterior, art deco design & signature clock tower. This rare offering will be sold with all the contents. Southern facing open loft space with a custom kitchen that offers a modern glass backsplash, black granite counter tops, movable & S/S appliances, high ceilings & polished concrete floors. The owner has created a partitioned off bedroom for privacy, many custom built ins, additional closets space, & a Murphy Bed for guests. In-unit Washer/Dryer. This unit comes with 1 parking space. No need for furniture shopping. It’s fully furnished. The ultimate crash pad all for one price. The building offers a front desk personnel, a beautiful rooftop resort-style pool, fireplace sitting area & workout room. The property falls under the Mills Act for reduction of property taxes
416 S SPRING ST  #609  LOS ANGELES, CA 90013 $845,000 Sold 15-881851 Sold
  • Area:  (42) Downtown L.A.
  • Subdivision: 
  • Property Type:  Residential Condo/Coop
  • Bedrooms:  2
  • Bathrooms:  2.00 (2 0 0 0 )
  • HOD:  $563.05
  • Building/Living Area:  1,394/DV
  • Land Type: 
Rooms: Breakfast Bar, Dining, Library/Study, Living, Master Bedroom, Media, OfficeEquipment:  Built-Ins, Cable, Dishwasher, Dryer, Garbage Disposal, Microwave, Network Wire, Range/Oven, Refrigerator, Washer
Remarks:  Highly upgraded, Elegant 2 Bedroom/2 Bathroom Loft with Large Balcony at the El Dorado. Amazing City Lights and Park Views from the Living Room and Master Bedroom. Modern Kitchen with Granite Countertops, Stainless Steel Appliances. & Custom Pot Rack. Kitchen Island upgrade has Carrara Marble Countertop, Charging Station, Integrated Trash and more. Living Room has Balcony and Custom Media Center/Bookcase. Formal Dining Room features a Carrara Marble Bar Top with interchangeable Light colors. Master Bedroom has direct Balcony access and integrated Sound System. Both Bathrooms have Stone Tile Floor and Granite Countertops. Speaker System and 2 LCD Televsions (40″ & 52″), Sonos, Apple T.V., Denon Surround Sound System, Blue Ray Player and more are included. Rent Option for One Tandem Parking Space (holds 2 cars) is available for this Loft. Three blocks to Metrolink Red Line. Lots of restaurants and shops in the neighborhood.
500 MOLINO ST  #312  LOS ANGELES, CA 90013 $996,000 Sold 15-880115 Sold
  • Area:  (42) Downtown L.A.
  • Subdivision: 
  • Property Type:  Residential Condo/Coop
  • Bedrooms:  2
  • Bathrooms:  2.00 (2 0 0 0 )
  • HOD:  $460.00
  • Building/Living Area:  1,900/AS
  • Land Type: 
Rooms: OtherEquipment:  Dishwasher, Freezer, Garbage Disposal, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Hood Fan, Range/Oven, Refrigerator, Other
Remarks:  Huge 2 bedroom 2 bathroom loft in the highly sought after and recently refreshed Molino Street Lofts building in Downtown LA’s Arts District. Very bright and charming corner space with exposed brick walls, 2 of which have 8 large windows to allow in plenty of light . This unit truly feels like home, with approximately 1900 sq ft of original character, warm materials and modern architectural touches. Amenities include central air/heat, washer/dryer in unit, original hardwood floors, high ?vaulted ?ceilings, exposed brick, exposed piping, sliding glass privacy doors and many other custom details. The gourmet kitchen has a custom built island, which opens onto the large living area that is separate from the bedroom?s. ?Master suite with designer bathroom and a wall of built-in closets. The building has a rooftop pool and lounge, sun terrace, fitness room, secured entrance and gated on-site parking. Walk to the many restaurants/bars of Little Tokyo and the Arts District.
510 S HEWITT ST  #107  LOS ANGELES, CA 90013 $1,237,000 Sold 15-826619 Sold
  • Area:  (42) Downtown L.A.
  • Subdivision: 
  • Property Type:  Residential Condo/Coop
  • Bedrooms:  2
  • Bathrooms:  2.00 (2 0 0 0 )
  • HOD:  $543.22
  • Building/Living Area:  2,630/AS
  • Land Type: 
Rooms: LoftEquipment:  Range/Oven
Remarks:  Huge 2 level Live/Work 2,630 sq.ft. Loft Space in the premier Barker Block Building. Polished concrete floors on both levels, floor to ceiling windows at the front of the unit, 3 entrances, 2 parking spaces and 2 full modern bathrooms. Additional amenities include a modern kitchen with stainless steel range, microwave and dishwasher, Caesarstone countertops, and laundry facilities in the unit. This loft is a true blank slate awaiting your design acumen. Locate an elevator and hit the button marked “6” and take a ride to ResortVille. Lounge with a view of the downtown skyline, cozy up to the fire pit, sunbathe next to the pool and sauna, or get a great workout in at the well-equipped Fitness Center! Don’t forget your iPAD as there is common area free WIFI and feel safe with 24/7 security. Did I mention the Barker Block is in the heart of the downtown Art’s District? There is plenty to do, eateries like Urth Caffe and Zinc Cafe, Little Toyko, a dog park, and yes even CrossFit.

>> MORE

Get a complete list of recently sold properties. Fill out my online form.

https://laloft.wufoo.com/forms/qbg942419l39cs

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 © 2015 by Combined L.A./Westside MLS, Inc. Information deemed reliable but not guaranteed.
Copyright © 2015 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 necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 478-0499 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.
Bunker Hill, Los Angeles, CA, USA
~Ada
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Elon Musk’s Hyperloop Comes to Downtown Los Angeles

Company developing Elon Musk’s Hyperloop is setting up shop in an Arts District warehouse in Downtown L.A.

The Hyperloop, an idea developed by technology oracle Elon Musk, will transport passengers in capsules through a pneumatic tube at more than 700 miles per hour.

The Los Angeles Times recently reported that Hyperloop Technologies, a company involved with the supersonic transportation plan, has leased warehouse space, and is now quickly hiring new engineers, technicians and other staff at the 6,500 sq ft Downtown industrial space. The company has also contracted for an additional 32,000 sq ft of space in the Arts District neighborhood.

Given as a free intellectual property gift to the public by Musk in 2013, the Hyperloop has attracted experts in technology and finance, raising around $29 million so far. The train of the future will implement a combination of vacuum tubes, rail gun and air skids to shoot passengers and freight at speeds of 750 mph, zooming from Los Angeles to San Francisco in 3o minutes.

Located at the South-east edge of Downtown’s Arts District by the Los Angeles River and railroad tracks, Hyperloop has chosen a nondescript industrial building to work out of, but the gentrifying Arts District neighborhood has become a hotspot of creative types, and now boasts an assortment of trendy, new restaurants and stores, including a Stumptown Coffee roastery, the Greenbar Craft Distillery liquor company, Bestia and Factory Kitchen restaurants and the artsy bar Villains Tavern.

Get a free list of lofts and apartments in the Arts District. Fill out the online form:

https://laloft.wufoo.com/forms/z16pez3m1ls4r2j

Copyright © 2015 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 necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 478-0499 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.
Arts District, Los Angeles, CA, USA
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New Apartments Join Old Historic Core Buildings – More Condos to Be Rented Instead of Sold

525-springReplacing what is now a parking lot between the Spring Arcade building and the Alexandria Hotel, a new building is being designed with modern style that includes wavy white architecture and balconies.  Its aesthetic is very different from the historic buildings that will sandwich it.

The LA Downtown News recently reported that Australia-based developer Joseph Hellen has spruced up his plan for a 40-story apartment tower with a proposal to renovate and activate three small Broadway theaters.Across the street are the Security Building lofts and SB Spring lofts for lease.Spring Arcade During Renovation
The proposed new building will be designed as a condo, but will be leased, as has been the trend for most recent residential developments in Downtown.Get a free list of Historic Core loft rentals.

Copyright © 2015 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 necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 478-0499 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.

Historic Core, Los Angeles, CA, USA

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VIP BUYER PROGRAM

When you become a VIP Buyer, there are a number of very important benefits that we will provide you.

textile-bldg-front

1.  We will assist you in securing the best financing program for your specific situation with the lowest interest rate and least expensive closing costs.  We will then have a pre-approval certificate generated to give you the best competitive advantage in future negotiations. This includes special financing required for most lofts.

2.  We will automatically mail or e-mail you regular updates of homes that match your home-buying criteria.  With this information, you can pick the homes you like and drive by them to decide if you want us to arrange a private showing so you can see the inside.

3.  We will use our Specialized Knowledge to ensure you get the best home for the best possible price.  We’ll discuss strategy with you regarding offer price, financing terms, possession date, etc.  We’ll help you prepare the offer, present it on your behalf and then negotiate in your best interest. This includes providing information about lawsuits, litigation and other issues surrounding Downtown lofts.

4.  We will continue to serve your needs even after you have purchased a home by recommending extremely competent affiliates with respect to your total home purchase, such as legal expertise, home inspection, appraisal, title insurance, etc.

5.  We’ll arrange a private showing of any home you want to see including new construction, all listed property and all For Sale by Owner property.

In return for the services you will agree:

1) To make your house-hunting process easy by applying for written pre-approval prior to viewing property.

2) To allow us to represent you whenever you see a home (new or resale) that you want to view.  This means that you will let us know when you’re going to view any home and advise all other agents, builders and For Sale by Owners that we are representing you.

a) It is understood for us to negotiate the best possible price for you that we need to make the initial contact with the For Sale by Owner or builder first.

b) If we make the initial contact first and we cannot negotiate with the For Sale by Owner or the builder on your behalf, we will cancel this agreement unconditionally.

3) This agreement expires one year from today’s date and can be renewed on date of expiration.

4) Acknowledge that the Broker is being retained solely as a real estate agent and not as an attorney, tax advisor, lender, appraiser, surveyor, structural engineer, home inspector or any other professional service provider.  Buyer has been advised to seek professional advice concerning the condition of the property and legal and tax matters.

Fees associated with buying a home

1) Expenses on good faith estimate provided by lender.

2) All of our VIP Buyer services are absolutely free to you.

 “We guarantee to search for your new home every day and to mail or e-mail you within 2 hours after it enters MLS to ensure that you beat other buyers and to secure the best possible price.”

This offer is for a limited time only.  For more information, fill out the online form or contact:

DOWNTOWN LOFT & CONDO:  FOR SALE  |  RENTALS    |  SUBSCRIBE   |  VIDEO

Up to Twice as Many Amazing Lofts in Downtown Los Angeles

Corey Chambers, REALTOR®
(213) 478-0499
corey@laloft.org
http://www.LAloftBlog.com

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Corey Chambers Newsletter

Your Home Sold GUARANTEED or I’ll Buy It

To discuss the sale of your loft, condo or home, call Corey Chambers at (213) 880-9910 or visit CoreyChambers.com

VIEW THE NEWS PAPER

Downtown Los Angeles Real Estate Report

Real Estate News Affecting Your Home’s Value

(FREE PDF NEWSLETTER, 4.3MB)

SEE THE COMPLETE NEWSLETTER: CLICK HERE (PDF 4.3 MB)

Find out what your home is really worth. Visit HomeEvals.com

Beat Out Other Buyers to Hot New Listings: LALoftBuildings.com

Three times as many amazing loft rentals. Visit LAloftTour.com

Copyright © 2015 L.A. Loft Blog, All rights reserved.

Copyright © 2015 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 necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 478-0499 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.
34.052234 -118.243685
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Level DTLA

LEVEL DOWNTOWN LOS ANGELES COMING SOON to 888 Olive Street

level-dtla

Much-needed short-term to long-term apartment rentals are coming to DTLA in the form of a 33-story luxury tower under construction between Downtown’s South Park and Historic Core neighborhoods.

leveldtla-int-bedThe project, recently named Level DTLA, will consist of extended-stay rentals aimed at those who are new to Downtown and staying for 1 month to 12 months or more.  The $200 million tower will bring 300 1-3 bedroom suites that start at 710 square feet and go up to 2,035 square feet.

Downtown Los Angeles is fast turning into THE place to be.  Filling the need between extended stay hotel and short term apartments, the new Level DTLA allows visitors and new residents to be immersed in the middle of Downtown LA for as long or short of a stay as they feel comfortable.

The residential rental units feature floor-to-ceiling windows, several large flat-screen TVs, balconies; full kitchens, washer and dryer, as well as Sub-Zero and Bosch appliances. On the hotel’s 4th floor, there will be a fitness center, massage room, a court-spin studio, a rooftop pool with private cabanas, a hot tub, a bar and an outdoor barbecue area.

level-dtla-int-01

Residents will be able to walk to some of the most exciting places in Los Angeles, including LA LIVE, Staples Center, Grammy Museum, theaters on Broadway, Restaurant Row, the Art Walk and the all-important Ralph’s market and new Whole Foods Market under construction across the street.

Get more information on Level DTLA. Fill out the online form:

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LA River House

The L.A. River House is a new condo development formerly referred to as L.A. River Lofts

2943 Gleneden St, Los Angeles, CA 90039

Here is an update on the construction progress of River House: The River House is an Elysian Valley condominium project under development, around 50% completed, along the Los Angeles River by the 2 Glendale Freeway.  The project is unique because it is among the first new developments to face the newly naturalized portion of the Los Angeles River.  It is also next door to the lovely new Marsh Park.

LA River House

The project is looking more and more like an ordinary apartment complex, with standard height ceilings and mostly ordinary medium size windows. Only a few dozen units will face the beautified river, the other units are of limited value, with windows just large enough to let in some of the neighborhood gnats. See more information on the original River Lofts page at http://lariverlofts.com

The developer has not yet released any information on the project. It appears to be on schedule for a completion roughly around September 2015. The L.A. Loft Blog will provide updates, and readers may request early information and early viewing invitations by getting on the River House interest list. Fill out the online form:

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Downtown L.A. ─ AVANT South Park Apartment Phase II Now Renting

More AVANT Apartments Coming to the Heart of South Park
Now Accepting Pre-applications for April 1 Move-in

Steps from the Metro, LA Live & the LA Convention Center, discover the best of Downtown LA’s South Park living at AVANT Apartments. Now Leasing!

AVANT-Pre-Leasing-large

You are an AVANTeur, an urban dreamer who is smart, stylish and sophisticated.  You have found your home in the heart of Downtown, with stylish outdoor spaces, modern floor plans, resort-style amenities and Caffe Primo. MORE

New Phase 1 apartments are ready for immediate move-in.  Fill out the online form:

Posted in Downtown L.A. Events, Downtown L.A. Places, LA Loft Blog, Lofts For Sale| Tagged , , , , , | Comments Off