Little Tokyo Lofts – LA Loft Blog

Little Tokyo Lofts has a glut of sellers as prices plummet — new bargains in industrial style live/work condos.

REAL ESTATE NEWS

More than half of lofts in Downtown L.A. are now going up in value, but the other nearly fifty percent are not doing so great. What makes the difference? Why is the average LA urban loft doing well today while the lesser lofts drop in value?

Growing wealth divide causes bifurcation in the real estate market. As the rich get richer, and the poor get poorer, the best lofts are rising while the dregs decline. Add virus hysteria, rising crime, out-of-control homeless and mentally ill / substance abuse populations, and the difference in Downtown Los Angeles is stark. Alta Lofts top floor corner unit 620 just went into escrow in less than a week, while Little Tokyo Lofts unit 631 sits on the market for more than 100 days without an offer. Here are some of the key differences.

The Alta loft, a penthouse level loft with views, about 1,000 sq ft, appeals to upper-income buyers. Just outside of Downtown, Alta has a waiting list of buyers looking for a high-up unit. Little Tokyo has a glut — a waiting list of owners who want to sell. The Little Tokyo Loft unit 631, at less than 700 sq ft is by Skid Row. With the lowest asking price of any loft in DTLA, the top floor courtyard industrial style live/work residential loft with covered patio balcony and wood-burning fireplace appeals more to middle-income buyers. Entry level to mid-priced properties and lower in Downtown Los Angeles are comparatively dead because the bottom half of the population has been so squeezed by fear, lockdown and stagflation. The upper income crowd is firmly in charge, and they only want to buy the best lofts with the best characteristics: views, corner units, spacious units 1,000 sq ft and larger, with lots of windows and natural light, away from homeless tents. Prospective Alta Lofts buyers can get on the Alta lofts waiting list.

Get a free list of Alta lofts for sale, and get notified when an Alta loft is coming available. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/p13459dj099mtj0/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Alta Lofts has a waiting list of buyers for higher floor units.

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.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.

An apartment with two-story ceilings would be the next best thing to a vaulted European cathedral when it comes to letting in the light. Many industrial lofts offer big windows or even clear-story windows to let in as much light as possible.

If you’re looking for a loft or condo, you’ve probably come upon apartments with high ceilings. Many loft shoppers prefer high ceilings because they make the space feel more spacious visually.

Historic Lofts often have desirable features along with high ceilings. The lofts have more windows or more oversized windows. If you like to have a lot of sun in your home, primarily if you work from home, higher ceilings are optimal. You’ll have more natural light coming in.

Having a loft or condo with higher ceilings can mean you’ll have more wall space to decorate. If you like to decorate your walls with art, taller floor lamps, or chandeliers, get the area with high ceilings like you find at the Little Tokyo Lofts in DTLA

Would you want a two-story loft or settle for one with big windows? Comment

If you are looking to buy instead of rent an apartment and think you’ll resell your unit in the future, it’s a good idea to invest in high ceilings. Or perhaps a penthouse unit that also has a view or private patio. Having a loft sporting high ceilings with exposed beams increases your property’s value. #highceilinglofts #industriallofts

Fill out the online form here to see a list of available industrial lofts with large windows.

<a href="https://laloft.wufoo.com/forms/m70fyhf07dpo3g/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

High Ceilings in Little Tokyo Lofts and Penthouses ring in natural light.

Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association, or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com, Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.

Tag: Little Tokyo Lofts

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