REAL ESTATE NEWS FLASH – Downtown Lofts and Condos in a Normal Market #realestate #dtla

We will never hear this promo for the evening news:  “Los Angeles real estate is normal — News at 11.”  It might sound boring at first, but for those who are considering the purchase, sale or lease of a Downtown loft or condo, understanding the economics is definitely of interest, particularly for those who really value their dollars.  NEW HOMES

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First of all, most people have a hard time believing or understanding that the real estate market in Downtown LA is normal.  What is normal?  Well, in a sense, DTLA real estate cannot be called normal because it has a more rapid pace of growth and change than other real estate markets.  Downtown has really exploded in population, infrastructure and home values over the past 15 years. But aside from that, recent prices in Downtown have risen at a relatively calm yet still brisk annual rate of 6% for condos, with rental prices increasing at about 7%.  This has caused most developers to focus on building apartments for lease instead of condos for sale.  Only three condo projects are currently under construction in Downtown, while more than a dozen rental apartment projects are under way. That means that renters are expected to make lots of long-term profit for apartment developers, at the cost of neglecting the renter’s own real estate portfolio. Because real estate is the largest investment that most people make, long-term renters risk neglecting their retirement potential. #news

In a normal market, successful real estate investors focus on the fundamentals:  Interest rates are near historic lows, which is good for buyers and sellers because it means that buyers can pay a higher purchase price for a property and sellers can get more for the sale of their homes. In a normal market, it is financially desirable for most to buy rather than rent.  Currently, there are an unusually large percentage of renters in Downtown because many still strongly remember the crash in home prices in 2009. Those who might prefer to own, yet decide to put off a home purchase, will likely find that themselves locked out of the market for more than 15 years to come as they watch Downtown continue to soar beyond normal expectations.

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

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Copyright © 2016 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 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.

Downtown LA Lofts Unlisted For Sale at Eckardt Building Fashion District

At 738 S Los Angeles St, Downtown L.A., the LA Loft Blog has just learned of some amazing live/work industrial lofts for sale that are unlisted, off-market pocket listings and hard-to-find deals. #fashiondistrict #unlisted

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While so many prospective Downtown LA home owners spend countless hours and days seeing the same picked-over choices on the internet, browsing hundreds of lofts and condos that may or may not match what they are looking for, they risk missing out on just the right home. They get frustrated because the best deals seem to be gone before they see them. They are unaware that up to 45% of the best deals in Downtown Los Angeles are unlisted, off-market, pocket listings and unadvertised bargains that are not found online.

Here is another example of the dozens and sometimes hundreds of amazing Downtown lofts for sale that are not easily found by the public and not listed for real estate agents:

Live-work industrial lofts for sale at 738 S Los Angeles St. 90014 Get free information on gaining priority access and proprietary information on Downtown LA pocket listings, off-market and unlisted properties by signing up at http://www.LASecretLofts.com

If you love Downtown Los Angeles, you will he happy to see these unlisted Historic Core Santee Village industrial Live/Work Lofts for sale in the Eckardt Building in the middle of the action of the trendy Fashion District in Downtown LA. With huge, near floor-to-ceiling windows that bring in dramatic natural light and views of the city skyline, these lofts offer tremendous character, convenience and authentic vibe. High ceilings with exposed plumbing. Modern kitchen w/ Bosch Stainless Steel appliances. Washer & Dryer in unit. Central air A/C and heat, polished concrete floors, fire escape balcony. Covered parking in Maple lot with free evening shuttle. Building qualifies under the Mills Act for significant savings on property taxes. Building amenities include Swimming Pool, Hot Tub Spa, Fitness Center Gym, Half Basketball Court, Golf Driving Range, Dog Run and 24-hr security patrol service. Amazing neighborhood, walk to dozens of the best restaurants, Grocery Store, other shops in the village. A special urban oasis in a truly exciting location!

See these unlisted lofts today Corey (213) 880-9910 and receive free information about getting priority access and proprietary information on Downtown LA pocket listings, off-market and unlisted properties at http://www.LASecretLofts.com

LOFT & CONDO LISTINGS DOWNTOWN LA  [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  |  More

Your Home Sold GUARANTEED or I’ll Buy It*

No Gimmicks! For information on my exclusive Guaranteed Sale Program, order a Free Report by visiting http://www.GuaranteedSaleSoCal.com

4 Big Reasons to Call the Chambers Team to Sell Your Home:

#1 We’ll Get You More Money – Chambers Team gets you 2.2% more of the asking price
#2 We’ll Sell Your Home Faster – Chambers Team sells homes 44% faster
#3 More Likely to Sell – Chambers Team homes are 16% more likely to sell
#4 We’ve got more than 2,600 buyers in our Data Base looking for a home

To find out how much you can sell your home for and how long it will take, call Corey at (213) 880-9910

*seller and Corey must agree on price and time of possession. Realty Source Inc BRE#01889449

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Corey Chambers
(213) 880-9910
coreychambers@yahoo.com

Realty Source Inc BRE#01889449

http://www.CoreyChambers.com

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