Tag: la lofts mills act

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LA Lofts In The Old Bank District Offer Buyers Modern Features in Historic Buildings

 

Rowan Building
Rowan Building with Exposed Brick Walls

Located in the Historic Core of Downtown Los Angeles, the Old Bank District is an accessible, vibrant community that has been coined and developed by Tom Gilmore and Jerri Perrone of Gilmore Associates. #DTLA

The Old Bank District features luxury, loft-style residences in a uniquely historic and modern feel along with handy ground-level amenities like highly rated restaurants and gourmet market all located on premises. Stunning loft at the beautiful and historic Rowan Building. Built in 1912 and converted to lofts, The Rowan still retains much of its original character. Elegant lobby, original elevator doors, Carrera marble hallways, lounge, BBQ grill area, lush patio and two spas round out the amenities. The spacious loft has a gorgeous kitchen with Scavolini cabinetry, natural stone counters and Bosch appliances. Exposed brick walls and wood floors throughout. Large windows overlooking Spring Street lets in an abundance of light yet the double pane windows offer a quiet refuge from the bustling city below. The bathroom has beautiful tile, exposed brick and a large soaking tub. Washer & dryer included along with one assigned parking spot (additional $225/month). The building has Mills Act for significant savings on property taxes. Located in the Old Bank District/Historic Core and within walking distance to all your favorite restaurants, coffee shops, bars, cafe’s and the new Whole Foods.
#OLDBANKDISTRICT

Keep up to date on other exciting Loft Apartments for sale in Downtown Los Angeles,  fill out this online form.

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Rowan Building
Rowan Building with Mills Act Status

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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Create a Live/Work Loft Residence Unique to Your Vision in the Heart of Downtown LA Arts District

Gallery Loft Vision
Gallery Loft Vision

Gallery Lofts has a live work opportunity that should interest your creative energies. This listing involves a plan to purchase two ground floor loft units with the potential to be combined into one unit. This is your opportunity to create a one-of-a-kind townhouse-like space. Both are currently available for purchase with a vision towards the rare opportunity that this presents. Individually, these units are a fantastic offering to live in or work from in their current condition however these side-by-side units that share a non-load bearing wall which, through a design review process with the HOA, can be opened to create a residence unlike any other in the heart of Downtown LA Arts District.  #DTLA

While this property is not part of the Mills Act Tax savings the topic is one of our most popular subjects.  Other Loft buildings can qualify for a big Tax savings with the Mills Act.  To get a list of those properties Get a free list of Mills Act approved Loft buildings in Downtown Los Angeles.  Fill out this online form.

Mills Act participants can realize very fruitful property tax savings each year for recently improved or purchased old properties because the valuation of a Mills Act property is determined by the Income Approach to Value rather and not by the common Market approach to calculating appraised value. The Income Approach, divided by a capitalization rate, gives the assessed value of the property. Generally, the income potential for an owner-occupied residential property is calculated by looking at rental rates for comparable nearby properties, while the income from a commercial property is based on actual rent received. Because rental values vary greatly, the actual Mills Act historic property tax savings may vary. #ArtsDistrict

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Gallery Loft Interior
Gallery Loft Interior

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.