Tag: lofts downtown los angeles

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Downtown Los Angeles Lofts For Sale – Pocket Listings, Private Listings, Off-Market and Unlisted Properties

Now that the inventory of Downtown lofts and condos is extremely low, finding unlisted properties is vital to getting the best loft at the best price.luma-hd-lgBecause they are not listed to the general public, buyers can often start with lower offers, with less chance of losing the property to another buyer, while giving more time to negotiate the lower price.  As the number of homes for sale continues to dwindle, pocket listings are becoming more rare and more valuable. These properties are not listed with any agents, and they are not on the internet. These off-market properties represent as much as 45% of the best deals in Downtown Los Angeles. Here are few examples:

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luma-504-01Luma soft lofts condominium unit coming up for sale – Year Built / Eff. : 2007 / 2007  Sq. Ft. : 990  Zoning: LAR5 Lot Size Ac / Sq Ft: 0.9459 / 41205 # of Units: 1 Bedrooms: 1 Bathrooms: 1.  This upcoming pocket listing is at 1100 S. Hope above the 5th floor unit in this photos, providing exciting views of South Park’s L.A. LIVE. The current lease tenant is expected to move out this week.  The site is between 990 sq ft to 1.030 sq ft standard 1-1 unit with view facing Nokia Theater / Staples Center.  The asking price is expected to be around $749,000.  MORE

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Bunker Hill Tower 800 W 1st St.  2 bedroom, 2 bathroom, updated corner unit with panoramic views. Asking $675,000
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Awesome 2 bedroom, 2 bathroom bright, sunny southwest corner. Lift your spirits with panoramic views in this stunning superbly renovated luxury condominium unit with custom finishes in the superb Bunker Hill Tower building. Floor-to-ceiling windows bring in dramatic city views of the Downtown skyline to the Hollywood sign and Griffith Observatory. Updated hardwood flooring throughout, modernized open kitchen with updated stainless steel appliances including warming drawer and 11 ft premium granite countertop island, beautifully updated bathrooms with marble and granite countertops, travertine floors, glass shower doors, designer mosaic backsplash. Custom frosted glass closet doors. Includes storage unit. Many building amenities includes covered underground parking space (additional parking available), gated guest parking, 24-hour security front desk concierge, 2 tennis courts, 2 fitness centers, resort style heated pool, hot tub spa, mens and women saunas, barbecue picnic area, recreation rooms 2.5 acres of common area grounds with rose garden. Building has large convenience store market, dry cleaner and hair salon. Walk to Disney Concert Hall, Center Theater Group, Civic Center, Broad Museum, Financial District, Grand Park, Restaurants and Metro Station. HOA includes utilities: electricity, air conditioning, heating, water, cable TV, internet. Details

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Little Tokyo Lofts 420 S San Pedro St.
Little Tokyo lofts - big lofts with views and bright windowsDouble unit provides 2 bedroom, 2 bathrooms, 2 balconies, 2 parking spaces plus guest parking, 1,440 sq ft. and amenities for $399,000 per unit making it the lowest price in Downtown Los Angeles. For details, call Corey (213) 880-9910 or request more info.

MORE POCKET LISTINGS

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LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

ASCENDING ORDER (low to high)    |    DESCENDING ORDER (high to low)

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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) 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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Why Are People Buying Outside of Downtown Los Angeles? And What Are They Buying?

Buying a Real House – Loft Buyers Who Chose Single Family Homes

As prices in Downtown Los Angeles have already surpassed everyone’s expectations, and still continue to grow quickly, the average buyer can no longer afford the typical price in Downtown LA.  Over the last month, the lowest price loft in the Arts District was a whopping $850,000 (today there is a steal on a Barker Block loft with plenty of light and view for a mere $629,000). No longer a bargain basement of abandoned industrial buildings adopted by starving artists, Downtown is now a luxury neighborhood, a place of upscale urban vibe that offers real lofts, concrete, brick and authentic Downtown dining and entertainment experiences that you cannot find in West L.A.

With the $600,000s being the new floor price for Arts District lofts, more buyers in the $250,000 to $500,000 range are now looking at neighborhoods outside of Downtown for the right price on cool condos in fun neighborhoods.  When a prospective Downtown loft buyer ends up purchasing in a different neighborhood, they often still continue to aspire to eventually buy in Downtown. For those who cannot buy a Downtown dream loft today, buying a nearby condo or house is a stepping stone to allow the amazing dream loft to come true in the future. Buying in another great neighborhood protects the buyer from home price inflation. By owning another great home, the prospective loft buyer benefits from the higher prices, while most renters fall further behind the price curve.

Eager to get a better deal, they purchased homes located in the neighborhoods roughly between Downtown Los Angeles and Hollywood. They mostly chose houses with open concept kitchen-dining-living rooms, yet having traditional bedrooms with doors. Here’s what they have been buying instead when they did end up buying a Downtown lofts that they originally looked at:
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Pico-Union Neighborhood Adjacent to Downtown Los Angeles

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This newly rebuilt house is a lofty-little 2-bedrom with bonus room. Just 5 minutes to Downtown, the living area is open-concept with high ceilings and real wood beams all for about $100,000 less than comparable Downtown lofts.

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Melrose Hill, East Hollywood Neighborhood – Five Minutes to Fun Hollywood Nightspots

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Modern renovated small 2-bedroom single family home in East Hollywood, minutes to unlimited fun and excitement of Hollywood.

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Hancock Park Condo

Walk to dining and shopping on Melrose.
This clean. affluent neighborhood is a quick walk to dining and fun shops on Melrose.

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Glassell Park 3-Story House with Views of Griffith Park

Unable to find a large enough loft with balcony and view, the buyer opted instead to purchase this Mt. Washington 3-story house with pool, 2-car garage and grand vista of Griffith Park.
Unable to find a large enough loft with balcony and view, the buyer opted instead to purchase this large, Mt. Washington 3-story 3-bedroom house with pool, 2-car garage, entertainment room, grand vista of Griffith Park, and lots of windows and skylights.

Get more single family homes and condo alternatives to Downtown lofts in fun nearby neighborhoods. Fill out my Online Form.

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Copyright © 2015 This free information provided courtesy 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) 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.