The L.A. Loft Blog presents the FAB 5 Top Props – These are the five properties most likely to sell next due to their location, attractiveness, size, view, price and overall value.
108 W 2ND ST #509 LOS ANGELES CA 90012
1 Beds Baths 1.00
(1F 0T 0H 0Q) 750/AS Sqft
LP: $450,000
215 W 7TH ST #811
LOS ANGELES CA 90014
0 Beds Baths 1.00
(1F 0T 0H 0Q) 701/ES Sqft
LP: $469,000
1234 Wilshire BLVD #614
LOS ANGELES CA 90017
1 Beds Baths 1.00
(1F 0T 0H 0Q) 680 Sqft
LP: $469,999
645 W 9TH ST #309
LOS ANGELES CA 90015
1 Beds Baths 1.00
(1F 0T 0H 0Q)
660/VN Sqft
LP: $499,000
1100 S HOPE ST #1213
LOS ANGELES CA 90015
1 Beds Baths 1.00
(1F 0T 0H 0Q) 700/AS Sqft
LP: $560,000
All Downtown loft buildings have issues that prospective buyers want to be aware of. Think DTLA lofts are cool? They are, but they’re all far from perfect. Many have serious problems such as lawsuits and financing problems. Here’s just a few of the issues that buyers should know about:
1100 Wilshire – Chase Bank wear. Lawsuits reduced maintenance. Dwindling reserves.
655 Hope – Claustrophobia. Windows don’t open. No guest parking.
Alta Lofts – Notice of claim. HOA to sue developer – construction defects. Theft.
Barker Block – Lawsuit. HOA suing developer for construction defects.
Bartlett Building – No parking space included.
Barn Lofts – Free street parking is going away.
Beacon Lofts – Nobody knows what it is. No staff.
Biscuit Company – No metro nearby. Getting hard for guests to park.
Bunker Hill Tower – High HOA dues. No washer-dryers in most units.
Concerto Lofts – Lawsuit. HOA suing developer – construction defects.
Cornell Building – Most parking spaces are a block away in skid row.
Douglas Building – Most units have no parking. No guest parking.
Eastern Columbia – High HOA does. Views being blocked.
Eckardt Building – Most parking spaces are a block away in skid row.
El Dorado Lofts – No amenities. Nobody knows what it is.
Elleven Lofts – No fitness center. Shares pool and courtyard with Luma.
Evo – Lawsuit. HOA suing developer for construction defects.
Flower Street Lofts – No views and losing views. HOA dues rising.
Glen Donald Building – Not in Downtown.
Gallery Lofts – Construction next door. Mostly no views.
Grand Avenue Lofts – No character. No amenities.
Higgins Building – High HOA. Coming assessment. No parking. No amenities.
Library Court – No character. Most have no views.
Little Tokyo Lofts – Homeless shelters. Mental clinic. Lawsuit. Water leak.
Luma – Losing views. Glut. Expensive.
–
Market Lofts – No character. Unfriendly security.
Metropolis Los Angeles – Not built yet. Expensive. China company.
Molino Lofts – Terrace problems. Some units not updated.
Mura Condominiums – Not a loft. Oppressive rules.
Ocenwide Plaza – Not built yet. Stuck in big event traffic.
Ostrich Farm Lofts – Far away. Out in the tulies.
Pan American Building – Nothing for sale. Nobody has heard of it.
Promenade Condominiums – The 80s called. They want it back.
Promenade West – Expensive. High HOA dues.
Puerta Del Sol – Disrepair. Nothing to walk to. Freeway. Black lung disease?
Ritz Carlton Residences – Expensive HOA. Mandatory valet parking.
River House – Freeway noise. Boxy architecture. Delays. Prowling coyotes. Gnats.
Rowan Lofts – High HOA dues. Most have no views.
Santee Village – Most parking spaces are a block away in skid row.
Savoy Condominiums – Not s loft. No character. Some have no views.
SB Grand – Loiterers, renters galore. HOA financials incomplete. Many issues.
Skyline Condominiums – 1980 wants its condos back.
Sky Lofts – No pool. High HOA dues.
SL70 – Not in Downtown. No pool.
Ten50 – Not completed yet. Cramped floorpans. No microwave.
Teramachi Homes Senior Condos – Gotta be a senior age 55+.
Textile Building – Nothing really available. Can’t lease it out.
Title Guarantee – Canceled.
Tokyo Villa Condominiums – 1979 wants its condo back. Weird koi pond courtyard.
Toy Factory – No metro nearby. Slowly losing its street parking. No guest parking.
Toy Warehouse – Noisy floors and thin ceilings.
Vero – Not in Downtown. No character. Most have no views. Thin walls.
Your Referrals Help the Kids. For every referral I receive, I donate a portion to the Children’s Hospital Los Angeles. With your referrals, you are helping Children’s Hospital ensure that critical life-saving care is available to every child they treat. http://www.ReferralsHelpKids.com
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