Located at 1100 Wilshire Boulevard, Los Angeles, CA 90017, the famous luxury highrise tower condominium building is now also home to a popular bank branch. The big “1100” that once branded the structure as a sign on the building has now been changed to “Chase.” While some residents are not happy with the major presence of the well-known bank branch, it is convenient to use their ATM, and guests can get free parking when they use the Chase ATM inside the branch.
1100 Wilshire has a fine reputation of quality lofts, luxury amenities and 100% unobstructed views due to its towering pillar of 17 stories of parking spaces. Other amenities include 24 hour security front desk concierge, large fitness center gym, conference meeting room business center, video screening room, rooftop infinity pool deck with cabanas, outdoor kitchen and fire pit, hot tub spa and private event patio.
Based on information from the Association of REALTORS®/Multiple Listing as of [date the AOR/MLS data was obtained] and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
*seller and Corey must agree on price and time of possession – details and conditions visit coreychambers.com
Lofts and Condos in Downtown L.A. Without Costly Mistakes
When moving to a loft or condominium in the most exciting place on earth, buyers want the fun and convenience without the hassles and drawbacks that can often occur for new home buyers and experienced real estate investors alike. #dtla #homebuyer #mistakes To help home buyers get the good while dodging the negatives, here is a list of the top thirteen pitfalls to hurdle when looking into DTLA homes for sale:
Loft Lending Problems – Most properties in Downtown Los Angeles are in industrial or commercial buildings that have been converted to live/work residential units under the special Los Angeles Adaptive Re-Use Ordinance. Most home lenders are unfamiliar with these rare property types, causing a host of misunderstandings, delays, cost overruns and failed transactions. Loft loans can be a breeze when buyers use a Downtown loft specialist lender.
Lawsuits and Litigation – More than 25% of homes listed for sale are currently or recently involved in legal issues that may affect purchasability and profitability of the property. Downtown loft specialist realtors have the most knowledge and information on these issues to share with prospective buyers and to ensure a happy home purchase.
Maintenance Issues – While industrial and commercial lofts generally have superior robust construction, all properties require maintenance that is best done before the inspection process. Buyer also want to be in a building with excellent building maintenance and low HOA dues.
Low Appraisal – While home prices are above average, reducing the chance of a low appraisal, home buyers and seller should see a full CMA Competitive Marketing Analysis or comps (recently sold comparable properties) before entering into a transaction.
Out-of-Area Agents – Getting help from a local Downtown loft specialist is the most popular way to prevent errors and omissions that are common when relying on a real estate professional who is not among the most experienced and knowledgable about the complications of Downtown L.A. real estate.
Insufficient Knowledge – The costliest and most worrisome mistakes are made when buyers and sellers make hasty emotional decisions that are not based on tried and true experience in DTLA real estate. Home buyers and sellers can get free information easily from the LA Loft Blog. | ASK
Defects and Damage – All properties, buildings and neighborhoods in Downtown Los Angeles have issues that buyers need to know about before going to see properties. In addition to hidden defects, buyers need to know in advance about what is happening in and around the building.
Loft Issues – In addition to building conversion and architecture issues, buyer need to know about tax status, zoning, live/work status, renter ratio, retrofit inspections and other issues that affect the value and desirability of each different building.
Downtown Disasters – Urban areas have more going on, both good and bad. With a large homes population, common urban crime, and financial issues of some buildings, buyers need to receive an abundance of disclosures and info.
Air Quality – Most of Downtown Los Angeles is in a red zone of pollution, noise and other hazards. Prospective Downtowners need to know about all of them.
Too Many Buyers – The market is great for sellers, and challenging for buyers. When a super deal comes up on a beautiful home, many buyers must compete to try to buy the right place.
Not Enough Inventory – Home owners are happy with the results of their investment, and few have any reason to sell. The results is a low number of properties for sale on the market.
Missing Out on the Perfect Place – The #1 fear of buyers is to not see or to be too late when the perfect home does come up for sale. This can be prevented by automatically receiving all of the homes from all real estate companies as soon as they hit the market, including the unlisted homes, along with the best deals that are not on the internet.
While any or several of these issues can really put a damper on the enjoyment and profitability of a Downtown Los Angeles property, solutions exist that can prevent or eliminate any serious problems. Get a free information on Downtown L.A. homes. Fill out the online form:
Top Investments and Best Deal Types in Downtown L.A. Condominiums #dtla #bestdeals #investments
The best deals go quickly. That’s why smart home buyers are looking for better ways find special deals that offer more amazing lofts, condos and houses at lower prices and with higher return on investment. Buyers often look at only agent listings and the internet. Buyers miss out on the hard-to-find deals, and therefore risk missing out on just the right home. Here are some of the best solutions:
Best Deals – Types of Distressed Properties and Other Bargains
New Construction Homes – New build homes often provide a superior deal because they are newer, with the latest technology and highest construction quality at very competitive prices.
Mills Act Homes – The state of California, along with counties and cities, provides a big discount on property taxes to owners of qualified historic lofts and buildings to help maintain the character of the structures.
Distress Sale – When a seller needs to sell quickly for any reason, or when the seller is having difficulty selling due to physical or legal condition of the property, it opens up the possibility of better negotiating power for the buyer, along with a lower price.
Bank Owned – When a home owner cannot pay the mortgage on time, the bank takes over the property, then sells it for whatever the market will bear, often at a very low price.
For Sale By Owner ( FSBO ) – Some owners prefer to sell their home themselves rather than using a listing agent. This can create a great opportunity for buyers to negotiate a lower price.
Expired – When a home is listed for sale but does not sell within the expected timeframe, it creates an opportunity to offer a lower price.
Foreclosures – When a home was not paid for on time, the property is taken over by another party, who often sells it quickly at a lower price.
REO – Real Estate Owned is a class of property owned by a lender, typically a bank, government agency, or government loan insurer, after an unsuccessful sale at a foreclosure auction.
Company Owned – Refers to a bank-owned or lender-owned property that has been taken over due to a foreclosure or similar action.
Estate Sale – When a homeowner passes away, the family or other heirs inherit and sell the property to distribute to the funds fairly to the new owners.
Probate Sale – When a homeowner passes away without a proper trust, a judge must oversee the transfer and sale of the property.
In Escrow – Many prospective home buyers give up when they hear that a desirable property is already in escrow with another buyer. Rather than giving up, the buyer can and should take steps to be an official back-up buyer.
Under Contract – A residential purchase agreement has already been signed, but the agreement may be canceled. Buyers can put in a back-up offer to take advantage of canceled contracts.
On Hold – The seller has decided not to sell the property for a certain period of time. The seller is likely making preparations to sell, and smart buyers will place an offer and then follow up frequently to get a great deal.
Vacant – Nobody is living at the property, so the seller could be paying mortgage and losing a lot of money. The seller might drop the price drastically, giving the buyer an excellent deal.
Divorce Sale – One of the fastest growing deal types, divorces are commonplace in Southern California, and create an opportunity where the property must sell more quickly, often at a lower price.
Auction – The property sells to the highest bidder, often at a below-market price. The auction process is often used for unsold new homes, foreclosures and bank-owned homes.
Pre-auction – When a home owner is late in mortgage payments, the property gets listed first as a pre-auction. Most auction listings are actually pre-auctions that will never go to auction, but offer a great chance to put in a profitable offer to the owner even if the unit is not listed for sale.
Pre-foreclosure – Before going into foreclosure, the property owner is often open to considering unsolicited offers, an excellent opportunity for savvy home buyers.
Raw Lofts – Loft developers sometimes do not complete every unit in a loft conversion condominium development. These raw lofts often sell at a lower price similar to other unfinished construction homes.
Off Market – Any property that is not listed on the MLS as Active is an off-market property. These reduced-visibility listings and unlisted homes offer superior opportunities to get a lower price when other buyers do not see them.
Private Listings – Some home sellers do not want the general public (or tenant) to know that they are selling their home, so the seller chooses to keep the listing private and only offer to show it to buyers who are qualified.
Unlisted – Properties that are not listed on the real estate professionals MLS Multiple Listing Service. With less competition, buyers can get a better deal and an easier negotiating process.
Pocket Listings – When a listing agent does not make the property information available to all other agents, the buyer can often get a better deal due to reduced competition.
Need To Sell Now – Homes that need to be sold immediately provide an excellent deal for buyers who are fully prepared and ready to grab a bargain.
Short Sales – When a home seller owes more than the property it’s worth, the seller can sell the property with the lender’s permission in a short sale. Short sales take longer and require twice as much negotiations, with the seller and also with the seller’s lender.
Unclaimed Homes – Any home that has not yet closed escrow can present a super deal for the buyer when the buyer implements superior search, bargaining and negotiating strategies.
Get a free list of distress sale deals. Fill out the online form:
Many buyers really love brand-new construction homes because they are sparkling clean, most modern and they include the latest state-of-the-art conveniences.
New homes provide the greatest advanced comforts and latest architecture and building technology. New build townhome condominiums, modern town house builds and shiny single family homes often bring an impressive value
along with excellent satisfaction for the home buyers. New home buyers want to see all of the new developments that match their home search criteria, and they don’t want to risk missing out on just the right place. Several LA Loft Blog readers have recently purchased new homes in Downtown Los Angeles, Lincoln Heights, Elysian Valley, Frog Town, Pasadena, and a happy home buyer who loves Disneyland just placed a deposit on an immaculate 3-level town house style condo being built by the Outlets at Orange. The most demand that we’ve seen near Downtown L.A. is for the new townhomes with views overlooking DTLA at www.TerraceLA.com.
Many buyers spend more than necessary. This problem is easy to prevent. Before stepping foot in sales office, pick up a free coupon for $1,000 off of the closing costs at www.Save10Grand.com. #newhomes #losangeles
Get a free list of new homes in Los Angeles and other Southern California neighborhoods. Fill out the online form:
Prolific Con-Man Christian Andrews AKA Drew Christian Donovan AKA Jimmy Wayne Jackson Has Been Caught #dtla #realestate #fraud
REAL ESTATE NEWS (September 11, 2017) Los Angeles, CA — Thanks to the smart readers of the L.A. Loft Blog, and due to the quick work of the San Diego Police Department, swindler Drew Donovan has been captured before he can destroy the finances of any more innocent victims. After wreaking havoc on the financial welfare of anyone whom he could get ahold of, including local families with children, disabled persons, even inflicting malevolent damage to sophisticated real estate industry professionals and homeowners in Los Angeles, the bad guy is finally off the street.
The L.A. Loft Blog first covered in May of 2017 the story about the fake philanthropist then going by the name Christian Andrews, taking several Los Angeles area locals by offering to pay off all of their bills, give them new cars, even million-dollar homes such as Downtown lofts and Solaire luxury high-rise condos in Koreatown. His foray into real estate fraud is what brought him down, as he tangled with the wrong group of savvy people. With powerful communication and hard work, the LA Loft Blog and its readers have toppled LA’s dangerous money menace.
The LA Loft Blog first became aware of the charlatan when he contacted our office requesting assistance with a Downtown loft purchase. After receiving fake proof of funds, fake earnest money deposit initiation receipts and other phony financial instruments, the L.A. Loft Blog learned that the trickster has defrauded more than 100 individuals, families, mothers, children, elderly, disabled out of more than $1,000,000 in the Greater L.A. Area (see the original story).
Arrested — Going by the fake name Christian Andrews, and carrying a California driver license that says Drew Christian Donovan, the supremely skilled deceiver has this week been outwitted by the caring community of L.A. Loft Blog readers and writers. When the scammer tried to lure them into one of his “free real estate” traps, real estate agent Norma Fernandez and her quick-witted client Joshua Alvarez checked the L.A. Loft Blog, which confirmed their suspicions. They wasted no time calling police. San Diego Police Department responded quickly, checked diligently, and then took cheater Donovan into custody on existing felony warrants for violating his probation and writing big, bad checks.
To help keep this menace locked away for a long time, those with any information may share it with police and with the L.A. Loft Blog at firstname.lastname@example.org or call (213) 880-9910.
Homebuyers want a good deal on the home price and ongoing costs. For all homes, including Downtown L.A. lofts and condominiums, monthly expenses are just as important as the purchase price. #lowhoa #dtla
With average HOA dues above $500 per month, most home buyers are conscious of homeowners association dues when determining the total value of a home purchase deal. To help find the best deals, here is a list of the lofts and condos with the most cost-effective monthly building maintenance, the lowest HOA dues in Downtown LA today:
LA Loft blog readers demand an alluring abode with stylish urban character that makes for a superior investment. Below is a list of the top ten picks for best Downtown L.A. lofts in the lower price range.
Here’s the list of amazing lofts starting from the lowest price:
Industrial Style Condominium High Ceilings SB Grand Lofts 312 W 5th St
OPEN HOUSE SATURDAY – Enjoy Downtown life in a spacious historic open floor plan. 860 Sq Ft Modern open loft with fantastic NYC-like character on Broadway and Historic Core. Private balcony facing original brick light well. Modern kitchen with stainless steel appliances open to the living area. Beautiful wood floors. Washer and dryer in unit. Large soaking bath tub. Open and airy living space with vaulted high ceilings of concrete character, A/C and heat. #sb #lofts #dtla
Excellent downtown location near Farmers Market, Grand Central market. Minutes to Whole Foods, Ralph’s and great shopping and dining. This happy historic building features 24-hr security front desk concierge, fitness room, rooftop sun deck, pool, hot tub with panoramic views of the Downtown Los Angeles skyline. Wired for cable and Internet. Low HOA dues. Pets okay. Great for Downtown live/work! Parking in building available. By Metro station, Pershing Square concerts in Summer and ice skating Winter. Stroll through the renaissance of Broadway, with coming street car as part of the Bringing Back Broadway project. Call Corey (213) 880-9910.
Professional Con-Artist Jimmy Wayne Jackson AKA Drew Christian Donovan AKA Christian Andrews Deceives from Small Town to Downtown
REAL ESTATE NEWS (September 4, 2017) Los Angeles, CA — The L.A. Loft Blog reported in May of 2017 about pretend rich guy Christian Andrews conning many Los Angeles area locals by offering to pay their bills, give them cars, even million-dollar real estate such as Downtown lofts and Solaire luxury high-rise condominiums in Koreatown. The skilled liar with many names promises to help those who are deserving with millions out of his trust fund if they help him avoid his interfering parents. The truth is that the con-man’s parents are dead, and he is really only avoiding his earlier angry victims while spryly hurdling the slow wheels of justice as he cheats his way from small town to Greater Los Angeles.
By gaining sympathy over his made-up terminal cancer, and his bogus story that he wants to help those who are deserving, Jimmy Wayne skillfully leads caring individuals into the void, all but rendering victims into human ATM machines, mindless sex zombies or drug-fetching robots to give him their money, meds, identities and even more sinister. The preying monster seems to have something insidious in store for just about anyone whom he can catch in his finely crafted web. #jimmywaynejackson #drewdonovan #christianandrews #fraud
The LA Loft Blog first became aware of the swindler when he contacted our office asking for help with a Downtown loft purchase. After observing fake proof of funds, fake earnest money deposit initiation receipts and other fake instruments, the L.A. Loft Blog has learned that the perpetrator has defrauded more than 100 individuals, families, mothers, children, elderly, disabled out of more than $1,000,000 in the Greater Los Angeles Area (see the original story).
The Latest — Going by the fake name Christian Andrews, and carrying a California driver license that says Drew Christian Donovan, the supremely skilled deceiver has this week been outed as Holland, Michigan native Jimmy Wayne Jackson, long-time fraudster on a mega-extended super-spree of illegal deception using fake checks, sham real estate transactions, phony bank wire transfers, other people’s credit cards and stolen identities.
We have just been contacted by an old-family friend who informed us of the flimflam man’s true origin. He’s been at it a long, long time. Hometown victim Carol reports that she knew him a long time ago when he was 10-year-old Jimmy Wayne Jackson of Holland, MI, from a dysfunctional family living at a mobile home park. Years later, Carol would lose touch as Jimmy turned into an 18 year old college DJ in Grand Rapids and then a DJ in Florida. About 9 years ago in back in Holland, MI, the young fraudster’s mom had passed away, and Jimmy never new his birth father. Carol and Jimmy grew close, so she thought. But the friendship was mere trickery. Carol reports that Jimmy came back to his home town, claimed he came into lots of money, and wanted to give it to deserving people. He defrauded Carol and several of the local townspeople, causing tens of thousands in damages to Carol alone. Years later, Jimmy did it again, ripped his old friends off a third time, making yet another astonishing round to take advantage of the folks who cared for him the most by claiming that he had come back to make amends. For those who were religious, Jimmy would not hesitate to use God’s name to lie, and take advantage of their faith to bilk and milk them for every penny. Carol said that two more home-town victims called her within the last year to report Jimmy’s latest thievery by false pretenses. His total estimated take is now more than $2 million.
While his mugshot captures a glimpse of his true character, the perpetrator has not paid for his career of crime. He has told some that he served time, but this super-slippery and talented weasel has even been able to con “friends” into bailing him out, as his supreme charlatan skills have allowed him to evade the law virtually 100%. He uses advanced real estate knowledge and banking know-how to trick old friends — even to outwit sophisticated business persons. The man with many names is at large and actively taking from innocent individuals and families. His motives are too torrid and depraved to detail on a real estate blog, but evidence suggests that the bad guy’s impetus may involve something weird like Ambien sex addiction, the sad combination that took down golf-great Tiger Woods. All victims are encouraged to immediately contact law enforcement and also to contact the L.A. Loft Blog with further information. The sooner we can get this crafty parasite back into an orange jumpsuit and iron bars, the safer America will be.
Additional victims have created another page with more information that might help to apprehend and stop the fraudster, also to try to protect families from the ongoing campaign of financial devastation by Drew Donovan aka Christian Andrews aka Jimmy Wayne Jackson.
What to Expect When Buying a Home — Housing Market Forecast Fall 2017 Edition
How to buy a loft, condo or house for less money: The new Fall 2017 Home Buyer’s Guide has just arrived. #homebuyer #guide
4 REASONS TO BUY A HOME THIS FALL!
WHAT’S HAPPENING IN THE HOUSING MARKET?
BUYING IS NOW 33.1% CHEAPER THAN RENTING IN THE US
IS YOUR FIRST HOME WITHIN YOUR GRASP?
Home Prices Over The Last Year
BUYING A HOME? CONSIDER COST, NOT JUST PRICE
WHAT YOU NEED TO KNOW BEFORE YOU BUY
5 REASONS HOMEOWNERSHIP IS A GOOD FINANCIAL INVESTMENT
HOW LOW INTEREST RATES INCREASE YOUR PURCHASING POWER
STARTING TO LOOK FOR A HOME? WHAT YOU WANT VS. WHAT YOU NEED
2 MYTHS THAT MAY BE HOLDING YOU BACK FROM BUYING
YOU CAN SAVE FOR A DOWN PAYMENT FASTER THAN YOU THINK
WHY PRE-APPROVAL SHOULD BE YOUR FIRST STEP
WHAT TO EXPECT WHEN BUYING A HOME
GETTING A MORTGAGE: WHY SO MUCH PAPERWORK?
HAVE YOU PUT ASIDE ENOUGH FOR CLOSING COSTS?
READY TO MAKE AN OFFER? 4 TIPS FOR SUCCESS
CoreLogic’s latest Home Price Index reports that home prices have appreciated by 7.1% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.9% over the next year. The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense. Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have hovered around 4%. Most experts predict that rates will … | To continue reading, request a free copy of the Fall 2017 Home Buyer’s Guide. Fill out the form below: