LA – That’s short for Los Angeles, spanish for The Angels. That should probably now be changed to The Dodgers, which would be Los Esquiveros in spanish.
REAL ESTATE NEWS — What are the areas of Downtown L.A. that have the most recent sales and resales?
Downtown Los Angeles
High turnover can present greater opportunities for growth, while low turnover can offer more calm and stability. Just ten streets in Downtown Los Angeles recorded more than 40% of all of the high turnover, the largest number of buyers and sellers quickly buying and selling: S Grand Ave, S Alameda St, S Hope St, S San Pedro St, S Grand, W 1st St, Montecito Dr, W 9th St, S Los Angeles St and S Broadway. #dtla #downtownla #turnover
Here is the complete Top 10 Turnover List for DTLA:
Street, Units Sold, $ Volume, Share, Cumulative Share, Avg Days On Market, Avg Sale Amount, Avg Sale to Asking Price Ratio, @100%, Row
S Grand Ave
21
18,861,988
6.563%
6.563%
65.9
898,190
98.65
8
1
S Alameda St
17
9,699,000
5.313%
11.875%
62.3
570,529
98.50
7
2
S Hope St
15
10,750,000
4.688%
16.563%
46.6
716,667
98.12
3
3
S San Pedro St
14
6,140,000
4.375%
20.938%
47.7
438,571
98.48
3
4
S Grand
13
16,177,000
4.063%
25.000%
36.0
1,244,385
99.42
9
5
W 1st St
12
7,520,500
3.750%
28.750%
45.2
626,708
97.38
1
6
849 S Broadway in Downtown Los Angeles Eastern Columbia Lofts DTLA
Eastern Columbia Building Downtown L.A. List of Available Lofts For Sale
Registered Live/Work Lofts in a National Historic Monument
VIDEO
Lofts For Sale – Listed and Off-Market #easterncolumbia #millsact #lofts
890sf Studio One Bath offered at $625,000 ($702/sf)
Center Loft, Upper Floor, Unobstructed South
Annual Property Tax: $2600 Tax Savings: $5200 with Mills Act in place
Purchase Price: $625,000
Approx Annual Costs (includes HOA, Taxes, Insurance): $15,000
Approx Annual Rental Income: $35,000
1500sf One Bedroom One Bath offered at $975,000 ($650/sf)
Corner Loft, Lower Floor, Some Updates, Taller Ceilings, Tree Top Views
Annual Property Tax: $2400 Tax Savings: $9750 with Mills Act in place
Purchase Price: $975,000
Approx Annual Costs (includes HOA, Taxes, Insurance): $16,000
Approx Annual Rental Income: $45,000
Mills Act Historic Lofts
1610sf Two Bedroom Two Bath offered at $1,400,000 ($869/sf)
Corner Loft, Upper Floor, Extensive Remodel, Unobstructed South and East Views
Annual Property Tax: $3500 Tax Savings: $14,000 with Mills Act in place
Purchase Price: $1,400,000
Approx Annual Costs (includes HOA, Taxes, Insurance): $18,000
Approx Annual Rental Income: $60,000
1740sf Two Bedroom Two Bath offered at $1,500,000 ($862/sf)
Corner Loft, Mid-Level Floor, Remodeled, Large Balcony, North and West Views
Annual Property Tax: $2750 Tax Savings: $15,000 with Mills Act in place
Purchase Price: $1,500,000
Approx Annual Costs (includes HOA, Taxes, Insurance): $18,000
Approx Annual Rental Income: $60,000
1840sf Two Bedroom Two Bath offered at $1,650,000 ($896/sf)
Corner Loft, Upper Floor, Extensive Remodel, Unobstructed South and East Views
Annual Property Tax: $4,000 Tax Savings: $16,500 with Mills Act in place
Purchase Price: $1,500,000
Approx Annual Costs (includes HOA, Taxes, Insurance): $20,000
Approx Annual Rental Income: $80,000
Building and Neighborhood Appreciation Factors: A quick study of the Eastern Columbia building and its surrounding neighborhood shows much potential for appreciation. This one-of-a-kind Live/Work Loft building is a National Historic Monument, which is already known as the Dakota of LA. Luxury rental towers like LEVEL Furnished Living, Atelier, Eighth and Grand, and the extraordinary Freehand hotel make up part of this booming neighborhood. The high-end retail on the block also demonstrates how well this neighborhood is doing: Acne Studios, Il Café, Mykita, Mischelle Jilene, OAK NYC, Sara Palacios Design, Tanner Goods, A.P.C., Urban Shopping Adventures, HEX, and Aesop. Plans for the immediate neighborhood include: The Broadway Trade Center next door with over 200,000sf of high-end retail space on street level (think Gucci, Prada, Armani), Jordan Brand Flagship Store, Onni Group’s 50 story tower, and the Apple Store coming to the Tower Theater. #dtla
Existing and future developments continuously add to the scope of the neighborhood, with the Eastern Columbia positioned in the heart of it all. These include Whole Foods, Ace Hotel, Orpheum Theater, and several new residential buildings recently completed and in the works. Bringing Back Broadway is planning the Downtown Streetcar’s route along Broadway, which will pass in front of Eastern Columbia building. As density pushes in, this desirable building, the Jewel of Downtown with the iconic clock tower will remain a bright beacon in the Los Angeles skyline.
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