Lofts Downtown Los Angeles Loft Market

Flower Street Lofts Downtown Los Angeles 1130 South Flower Street, 90015

The Flower Street Lofts is located at 1130 South Flower Street, in the heart of the South Park district in downtown Los Angeles, across the from the world renowned Staples Center and the L.A. Live entertainment complex. FSL blends the best of the city’s energetic future and respect for the past into 91 loft-style live-work condominiums in the historic 1936 United Parcels Service (UPS) building.

Opened in the fall of 2003, Flower Street Lofts features over 12 distinct floor plans, which range from 1,315 sqft to 2,410 sqft, as well as the tallest residential ceiling heights in the area (from 14′ to 20′ high). Generous sunlight shines through the expansive windows which were a reflection of the original UPS building with views east, west and north. Each unit is equipped with gourmet kitchens, stone countertops, well-appointed bathrooms, and state-of-the-art wiring for high speed internet.

FLOWER STREET LOFTS FOR SALE | FLOWER STREET LOFTS FOR LEASE

Behind these first-of-their-kind lofts are the two leading urban development teams; the Lee Group (Grand Lofts, Sky Lofts, and Bay City Lofts); and the Cim Group (Santa Monica Third Street Promenade, historic Gas Company Lofts, Old Town Pasadena, and the Gas Lamp district in downtown San Diego). In 2006, the two developers opened the Ralph’s supermarket, downtown’s first in over 50 years, just two blocks north.

The Flower Street Lofts has received numerous design awards and recognition, including two Golden Nugget awards and the 2004 architectural award winner by the Los Angeles Business Council.

The United Parcels Service (UPS) building was built in 1936 and serviced Central City (downtown Los Angeles) and the surrounding neighborhoods for over forty years. Originally only three-stories high (Flower Street Lofts features a new fourth floor penthouse level constructed on top of the existing structure), the building was the main distribution source for all packages coming into Los Angeles, as well as the garage for their famous brown trucks. it also housed the executive offices for the West Coast division and their main accounting department.

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Customers could drop off/pick up packages at the main lobby located in the southwest corner of the building, or trucks from the various suburban stations would drive into the complex through the alleyway entrance. Once inside, the packages would be unloaded onto a slide where hand sorters would take and place them on 11 various conveyor belts which distribute the packages to various areas of the building. Seven of the conveyor belts led directly to large transfer cars that would travel to their suburban stations, while the other four would lead to separate city stations where they were marked and sorted for individual delivery. The loaded cars would then leave via the two-way ramp on the north side of Flower Street. Not to be burdened by the stresses of work, drivers and employees enjoyed a roof top recreation room complete with lawn chairs and a ping pong table.

In the heart of the South Park district in downtown Los Angeles, Flower Street Lofts is a walk away from world class sporting events, concerts, clubs, restaurants, shopping, theatre, museums and galleries. Across the street from the Staples Center, catch a Lakers, Clippers, Kings, or Sparks game, or one of the numerous concerts and celebrity-packed events including the Grammy’s and Emmy’s. Enjoy a five star meal at the adjacent Palm Restaurant or one of over two dozen other critically acclaimed eateries just within a block’s radius including Rivera, WP24, Flemings, and Katsuya. Spend the day at the L.A. Central Library or Museum of Modern Art, and the night hopping galleries in downtown’s popular art walk. Attend a concert in the breath-taking Walt Disney Concert Hall, and sip martinis afterwards with other downtowners at your choice of rooftop lounges like the Standard Hotel, Elevate Lounge, or Ion Bar at L.A. Live.

If adventure is your game, the Los Angeles Public Transportation System can take you everywhere without stepping foot in your car. The adjacent Metro Blue Line can take you as far south as Long Beach or up to Union Station where you can transfer to the Gold Line north to Old Town Pasadena; the Expo Line as far west as Culver City; and the Red Line subway to Hollywood and Universal Citywalk.

FLOWER STREET LOFTS FOR SALE | FLOWER STREET LOFTS FOR LEASE

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Be a part of the renaissance of downtown Los Angeles, at the pioneer luxury- Flower Street Lofts!

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Corey Chambers, REALTOR®
(213) 880-9910
coreychambers@yahoo.com
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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 Not associated with the homeowner’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.

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

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Downtown Los Angeles Loft Market, Now Hotter Than Ever, Moves to Pocket Listings

DOWNTOWN LOFT & CONDO LISTINGS: FOR SALE | RENTALS

Los Angeles, CA — The weather may be cooling down but demand for downtown Los Angeles Loft spaces is actually heating up. In these times of economic uncertainty, eagerness to own such spaces in Downtown L.A. has actually grown — causing more demand than ever for what spaces remain — and more positive proof that Downtown is the place to be. Keller Williams Realty Downtown specialists Realtor® Corey Chambers announced in 2011 that many signs of a market turnaround in the Downtown area were already becoming apparent, and now the numbers are in to confirm. Buyers and their agents adapt by implementing new strategies, such as finding unlisted properties called “pocket listings.” VIDEO: http://animoto.com/play/pGs2nhV1rhlxozgVEL9ziw

Downtown Los Angeles Loft Market Heats Up, Moves to Pocket Listings

Downtown Los Angeles was one of the last places to see real estate prices fall, and now it’s among the very first to see them rise. Local economists report the reason for this is simple: demand is up, while housing inventory is down. Recently, the number of available properties for purchase has shrunk from 139 to 125 according to MLS statistics. As any smart investor knows, this means that it’s now officially a seller’s market as the average selling price has increased from 95.44% to 112.50% of the listed price. In addition, costs are increasing from the former low-end price of around $96,600 to $107,500 with the high-end price correspondingly rising from $1,966,300 to $7,250,000. Now, in fact, very few properties remain under $250,000 at all. Likewise, the number of days a property is on the market has decreased too, on average from 85 down to 55 previously, with the best properties averaging a mere five days on the market.

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All of these numbers just demonstrate what Loft Living L.A. real estate professionals have been witnessing for nearly a year: greater demand means reduced inventory, higher prices and faster sales. Indeed, according to Realtor® Corey Chambers, who writes the L.A. Loft Blog, their experience is actually even more dramatic than these existing numbers indicate, because they deal with the highest quality properties that the Downtown area offers. “We have seen the number of purchases grow dramatically over the past few months alone,” he notes, “and we have even more closings in the next few months.”

DOWNTOWN LOFT & CONDO LISTINGS: FOR SALE | RENTALS

Pocket Listings Save the Day in Downtown Los Angeles

With demand so high and increasing, Chambers points out that most of the successful purchases currently in escrow for his buying clients involve properties that are not listed and not advertised. Weary buyers usually find only frustration when searching online for properties. The lack of inventory presents itself as listings that inevitably turn out to be already sold or otherwise unavailable. Five out of seven of Chambers’ clients are purchasing so called “pocket listings,” exclusive properties that are never entered into the MLS. Most agents remain unaware of the listings. “What the Loft Living team offers is different and better than pocket listings,” says Chambers, “because we have dozens of unlisted properties to choose from.” The properties must be good. More than 50% of buyers who have seen them have purchased one. They sell almost instantly because they are priced to sell. The last 12 unlisted properties sold within hours, nearly all of which were not on the MLS and unknown by most other real estate agents.

Of course, given unpredictable gas prices and continued turbulence throughout the fiscal marketplace, it just makes sound sense — economic and otherwise — to live where you work and play, particularly now as Downtown L.A. continues its triumphant rebirth and redevelopment, the likes of which the area hasn’t experienced in decades. As demonstrated by an ongoing influx of stores and businesses, everything one could want or need is in enviably close proximity; where else would one find world-class museums, historic theaters, celebrated landmarks like the Dorothy Chandler Pavilion, Union Station, Disney Music Hall, and of course L.A. LIVE — all in the immediate vicinity of such unique and trendsetting housing opportunities?

Mike P. enjoys his loft that was not on listed on the MLS. LAloftBlog.com — Mike P. enjoys his loft that was not on listed on the MLS.

Loft residence in exciting Downtown L.A. offers the kind of rare cosmopolitan atmosphere in a neighborhood that exudes historic and contemporary energy. For smart buyers eager to experience the best of both these vibrant worlds, Loft Living Los Angeles has proven itself time and again to be tops in its field.

For more information, contact Corey Chambers (213) 478-0499 or visit LAloftBlog.com

DOWNTOWN LOFT & CONDO LISTINGS: FOR SALE | RENTALS

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Corey Chambers REALTOR©
(213) 478-0499
coreychambers@yahoo.com
GET PRIORITY ACCESS TO SECRET, UNLISTED LOFTS IN DOWNTOWN!
http://www.laloftblog.com/

Corey Chambers is a Realtor® with Keller Williams Realty
Double Platinum award-winning team with volume over $15 million in 2010
DRE#01889449

Tag: Lofts Downtown Los Angeles Loft Market

Downtown Los Angeles Loft Market Hotter Than Ever, Moves to Pocket Listings

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