New lofts recently went up for sale. Thousands showed up to see the new lofts. The first release of 15 lofts sold out in less than two weeks. The highly anticipated completion of these new lofts were shown to real estate brokers and their clients. These lofts are located in one of the hottest up-and-coming urban neighborhoods in the country. Out of the 5,000 units under construction, the new loft units for sale only represent about 1% of the total! Given the low supply and the pent-up demand for new condos/lofts, you can only imagine the buyers’ interest this is bringing.
The developer’s marketing hype was extraordinarily effective. Many of the buyers overpaid, and were not informed about all issues, pro and con, related to the building an developer. They joined previous buyer who paid too much 5 years ago, many of whom are still upside down and unable to unload their overpriced lofts.
Often times, important information is often not provided to buyers of new lofts. This is particularly true if the buyer does not use a buyer’s agent, or if the buyer uses an out of area agent. Most buyers should use a Downtown specialist realtor at no cost to the buyer to represent the buyer in their purchase of new lofts.
Also, there can be previous issues with the developer with previous buildings, related legal issues, potential health hazards of neighborhood, lowest offer likely to succeed, lowest final sale amount likely to succeed, recent unposted comps and sold prices. Our team offers disclosure of strategies and tactics used by the developer, pricing strategies of seller, tactics and strategies to counter the seller’s strategies and to obtain the lowest price and best terms for the buyer.
The number one tip is you must bring a downtown loft specialist to your very first viewing. Sellers often require it and you need an agent representing your interests.
Our free home buyer consultation is your first step to a successful home purchase. Because we specialize in Lofts, we can tell you what to expect, both the good and the bad. While being enthusiastic and energized is a good thing, and buyers may not want to hear bad news for fear of loosing enthusiasm, we believe that understanding fully what is going to happen in a purchase will fight against buyers remorse and help a person be fully satisfied with a purchase of new home.
Call Corey Chambers to make an appointment to see the new lofts (213) 478-0499
L.A. Loft Blog, 200 N. San Fernando Rd., #119, Los Angeles, CA 90031
The #1 Downtown buyer’s agent with 19 successful buyer transactions closed in 2013, Corey Chambers is a Realtor®, and member of the Top 6 award-winning, 5-Star Yelp rated team. J.D. Power Award 2012 – Keller Williams Realty ranked Highest in Overall Satisfaction for Home Buyers and Sellers Among National Full Service Real Estate Firms. DRE#01889449
The Historic Core has reinvented itself. There are new restaurants, a Farmer’s Market, and a breath of new life throughout the area.
Los Angeles Historic Core (El Dorado Lofts building)
Farmer’s Market:
Established July 2012 – Every SUNDAY 9:00am until 2:00pm -2 blocks from Pershing Square Station, adjacent to the Spring Street bike lane, off numerous bus routes from all over the city, and soon to be adjacent to the LA Streetcar. 5th Street–between Broadway and Spring Street.
Due to a high volume of residents and a low volume of healthy produce and grocery options, the Historic Downtown Farmers’ Market was established July 8, 2012.
When perusing, in addition to organic fruits and vegetables, you will also find
Pershing Square Farmers Market Downtown Los Angeles
some exotic type vegetables, human food-grade dog food, incredibly fresh fish, grass fed meat, eggs (free range and sprout fed), orchids and a broad range of flowers, breakfast burritos, pupusas, BBQ, and iced or hot coffees and fresh lemonades and fresh juices to take you through your shopping experience.
Lofts have sprung up throughout the district. These Loft/Condos are beautiful, full of light, huge windows, containing rough brick interiors, and most are the epitome of True Loft Living.
Stepping into the lobby entrance, one is immediately taken back to the storied
Higgins Building Downtown Los Angeles
downtown of yore. The interior is graced with vestiges of classic detailing including mosaic tile flooring, caged elevators rebuilt with birds eye maple, meticulous ironwork, imported marble wainscoting throughout the hallways, original zinc covered doorways, and windows. Select units have impressive views of the downtown skyline and Walt Disney Concert Hall.
Complimenting the Higgins is the world class Edison Lounge which sits in the basement of the building. Once the boiler room which supplied power to the offices above, it is now a celebrated historic downtown venue which brings back the nostalgia and glamor of a lost era.
A piece of living history, the Higgins building exemplifies the burgeoning community of art, culture, and entertainment in downtown.
The Douglas Building is a spectacular presence on the corner of Third and Spring Streets in this historic Downtown neighborhood. The Douglas Building is the legacy of T.D. Stimson, (1827 – 1898) a lumber baron turned real estate mogul who fostered commercial development in Los Angeles during the 1890s. As one of the few remaining vestiges of Los Angeles’ 19th century architectural treasures, the Douglas Building still stands out, bold and elegant in the midst of glass and steel.
Douglas Building Loft
The freshly restored Douglas Lofts accommodates 50 unique New York style loft units that vary in size and floor plan. Distinct architectural attributes include high ceilings, exposed brick walls, restored double-hung windows, historic tile and hardwood flooring, state-of-the-art kitchens, and Waterworks bathtubs.
Floors two(2) through four (4) have of one and two bedroom lofts ranging from
Douglas Building Lofts
735 to 1,275 square feet, with the fifth (5th) floor penthouses from 735 to 1,450 square feet. Corner units boast operable, curved windows, a rare and wonderful architectural detail. Of the eleven penthouse units, seven have spiral staircases leading to a study that is open to the living area below.
Clad in stunning turquoise terra-cotta and gold leaf, the Eastern Columbia Outfitting Companies’ 13-story art-deco retail tower epitomized the height of opulence when it established in 1930. Currently, this zig zag moderne landmark enshrined on Los Angeles’ list of historic and cultural monuments dazzles anew – and provides buyers a timeless setting for urbane living. ¨Spacious, sophisticated, urbane: each of Eastern Columbia’s 147 light-filled loft condominiums juxtapose luxurious contemporary upgrades and classic period details.
The same measures of elegance permeates the entry court and sky-high pool deck, the leisure terrace and fitness studio.
Regaining their poise after decades of slumber, the neighborhood’s Victorian, Beaux Arts and Art-Deco buildings are now home to intrepid residents, shops, restaurants and cultural magnets.
147 light-filled loft condominiums, from 720 to 2,750 square feet
Centrally located in the Historic Core, at the hem of the Fashion District and South Park
Interior redesign by internationally acclaimed firm Kelly Wearstler Interior Design
Residential architectural conversion by award-winning firm Killefer Flammang Architects
Luxurious contemporary upgrades and classic period details
Modern tools for comfort and productivity – high-speed Internet access, satellite television, digital climate control, washer-dryer hook-ups, closed-circuit camera monitoring and storage units
Roof level leisure terrace featuring fitness center, lounging cabanas, sun deck, pool, spa and fireplace
Corridors styled with polished concrete, carpet runners, decorative unit door patterns, custom pendant lighting and faceted glass wall sconces
Eastern Columbia Building Lobby
Elegant lobby appointments, including fluted paneling and antiqued mirrors
Landscaped ground level courtyard with entry fountains and retail shops
Secured resident and guest parking in a newly constructed adjacent structure
Directed by internationally acclaimed interior designer Kelly Wearstler Interior Design (kwid) and award-winning architectural firm Killefer Flammang Architects, the detailed redesign brought new polish to Eastern Columbia’s faceted beauty.
Eastern Columbia Building
“Eastern Columbia, Broadway at Ninth” – over several decades, the city’s airwaves chimed this jingle to advise Los Angeles shoppers of new arrivals and special offers at Downtown’s flagship department store. For years the tallest building on the area skyline, the Eastern Columbia Outfitting Company opened on September 12, 1930. ¨Perhaps Los Angeles’ finest example of the Art Deco era’s zig zag moderne style, the Claude Beelman-designed tower has long captivated arts and architecture scholars. Faced in turquoise terra cotta and trimmed with deep blue and gold terra cotta, the tower’s façade features sunburst patterns, geometric shapes, zigzags, chevrons and other stylized motifs. A four-sided clock tower emblazoned in neon with the name EASTERN caps its thirteen stories.
After retail operations ceased in 1957, Eastern Columbia was transformed into studio and office space for local garment businesses and arts organizations. Among the tenants: the Los Angeles Conservancy and West Coast swimwear icon Jantzen. In fact, just up until residential conversions began, a fashion runway blazed through the building’s eleventh floor.
Built by famed real estate developer Robert A. Rowan and A.C. Bilicke, the building is located at the corner of Fifth and Spring Streets, a prime location in the midst of the flourishing business core, at one time known as “The Wall Street of the West.”
Designed by John Parkinson noted for his architecture of Los Angeles City Hall and The Pacific Stock Exchange and G. Edwin Bergstrom in 1911. From 1905 to 1915 Bergstrom was in partnership with architect John Parkinson. The firm of Parkinson & Bergstrom designed the Los Angeles Athletic Club, the Alexandria Hotel, and the original building of Bullock’s Department Store.
The Rowan Building was formerly home to many of the city’s oldest and most prominent law offices and stock brokerage firms during the golden years of Los Angeles’ downtown area.
THE BUILDING
Rowan Building Lofts
Deeply rooted in the history of Downtown Los Angeles, The Rowan is an iconic loft residence within the Old Bank District. Located in the center of an innovative neighborhood with eclectic restaurants, galleries and shops.
The Rowan has exceptional natural lighting by day, and skyline by night. Owing to it’s extremely high ratio of window to square footage, combined with it’s southerly facing orientation. The original mahogany sash is beautifully restored, featuring laminated glass windows in operable frames. Most windows measure 4’x8’ or larger! They provide impressive spectacular city views while also providing natural airflow.
MEZZANINE
Rowan 2 Story Loft
1st floor lofts feature two-story living spaces with 15 feet UP ceilings, original marble tile flooring and mezzanines. Select homes feature private patio areas.
2ND FLOOR
Most 2nd floor residences have decks or balconies with french doors. An exclusive lounge boasts deconstructed art and decor.
3RD THROUGH 12TH FLOOR
Abundant open areas in each floor plan allow for unique living space to meet individual needs.
PENTHOUSE
Offering the pinnacle of contemporary urban living, 8 penthouse residences feature ceilings with skylights, soaring to more than 15 ft. high.
Bartlett Building Lofts is perfectly situated in Downtown Los Angeles, located within the Jewelry District. The lofts were architecturally designed with a New York flair for live/work environment. There are twelve floor plans available, some units have a private patio and sunset views.
The building features a rooftop deck with magnificent city views, and a second floor patio. The building also retains its original restored elevator doors in the lobby, and two beautiful iron staircases.
LOFT FEATURES:
Magnificent City Views
Private Balconies
Custom Built Antique Look Closets
Bartlett Lofts Rooftop Patio
Exposed Brick
Rooftop Patio
Building History
The A. G. Bartlett Building was designed in 1911
Los Angeles architects John Parkinson and Edwin Bergstrom in the Beaux Arts style
1911 and 1922, the upper floors were tenanted by the Union Oil Company
Major facelift in 1937
Style adopted was Art-Deco ‘Moderne’
2002, the building was converted to residential use
The Pan American building is the second oldest building in downtown Los Angeles, right behind the Bradbury Building which sits across the street. It was constructed in 1895 by architect Sumner Hunt. It was originally called the Irvine Block. It was built as an office building and, when it was built, was only the second office building in the area.
Located on the corner of 3rd Street and Broadway across from the Million Dollar Theater the Pan American Lofts Building was Designed by Sumner Hunt and built in 1895 , it is notable for its Spanish Colonial Beaux Arts architecture that is denoted by it’s complex terracotta embellishments, entry way arch and large windows.
Converted: Urban Pacific Builders , Donald Barany Architects — 2007
The Pan American was formerly called the Irvine Byrne Block Building and was home to the Mexican Consulate during World War II .
In the heart of Los Angeles’ historic Old Bank district, near the Civic Center and Bunker Hill, the Pan American Lofts provide a unique kind of live-work space for Downtowners.
Unit amenities include:
exotic bamboo flooring (select units)
original exposed brick and concrete walls
12-foot to 17-foot interior ceilings
huge floor-to-ceiling windows
high-end stainless steel appliances
juliette balconies/private decks (select units)
Porcher bathroom fixtures and vanity
Hansgrohe kitchen faucet
The Pan American Lofts feature 40 stylish condominium loft residences (658-1248 square feet), including ten 2-level penthouse lofts with internal mezzanines and private rooftop terraces.
With stylish, modern interiors, the Pan American Lofts boast bamboo floors (select units), original exposed brick and concrete walls, 12′ to 17′ ceiling height, copious windows and natural light, high-end stainless steel appliances, controlled-access underground parking, interior courtyard, juliette balconies or private decks (select units).
The halls and stupendous staircase have been immortalized in many of Alfred Hitchcock’s movies, Brad Pitt’s “Se7en”, “Fight Club”, “Blade Runner”, along with numerous TV shows and commercials alike .
In 2004, Long Beach based developer Urban Pacific Builders undertook a $20 million transformation of the Irvine Byrne building. A new roof was installed, the garage ceiling was heightened, and a new elevator shaft was built. The rows of offices were transformed into chic, spacious loft units, each with 12′ to 17′ high ceilings, and floor-to-ceiling windows offering timeless views of the Downtown landscape. Loft residences are adorned with original exposed brick and concrete walls, plentiful natural light, high end stainless steel appliances. With it’s ideal location in the Old Bank District of The Historic Core, walking distance to everything downtown has to offer, including the upcoming renovations of Grand Avenue, Urban Pacific has created an establishment that cannot be replicated.
The project’s development team granted a Historic Facade Preservation Easement to the Los Angeles Conservancy to ensure that this unique architectural gem will be preserved. In return for helping to preserve a piece of history, homeowners may be able to claim a charitable deduction from their income taxes. Please consult your tax adviser or accountant for possible tax savings .
In every respect, this 12-story building grandly depicts an astounding wealth of Southern California-acquired materials and detailing. Green glazed brick clads the exterior, while rich golden tones of Batchelder tiles adorn the interior walls and lobby columns.
Catering to businessmen and frequent travelers, the hotel offered a multitude of state-of-the-art refinements. A much-proclaimed venue for local social events, the Hotel Stowell was sold in 1938 and later renamed the El Dorado Hotel.
El Dorado Lofts Downtown LA
Through the efforts of Downtown property owners and many others committed to the renaissance of downtown Los Angeles’ urban core, the historic Old Bank District has become a vibrant neighborhood filled with an ever-growing array of restaurants, theaters, art galleries and shops.
Luxury Lofts
FLOORS 2 – 11
Open and airy designs offer maximum versatility with both loft-style and enclosed bedroom configurations, along with the special appeal of balconies or landings that call attention to a vast array of cityscape views. As a further important plus, there are only six residences on each of the ten Loft Plan floors.
Units ranging in size from 848 to 1,394 square feet, the building has a full array of distinctive floor plans and provides a choice of one or two bedrooms and either one or two full bathrooms. Some plans also include expanded living areas with extra space for an office, den or an additional bedroom.
From the authentic 1898 solid wood doors that introduce each home, to the fire escape-style, wrought iron landings and balconies that showcase many of the residences, special care has been taken to artfully blend the old with the new. State-of-the-art kitchens and space for stacked washers and dryers make life even easier.
SANTEE VILLAGE at 738-746 S. Los Angeles Street
Santee Village Downtown Los Angeles
The true loft units in the Eckardt, Cornell and Textile buildings at Santee Village reflect the historic look and feel of the fashion industry with oversized industrial windows, concrete floors and columns, high ceilings and lots of open space. You can feel the history and the inspiration as soon as you walk in the door.
The Textile Lofts at Santee Village offers airy loft homes with high ceilings and huge industrial windows—ideal live/work spaces for having a rich and rewarding life. (CLICK ON PICTURE FOR VIDEO)
Your Textile home is set in a complete urban living community in LA’s Fashion District. The building and neighborhood provide you with endless opportunities for shopping, fashion, art, entertainment, fitness, relaxation and networking. Get more out of LA Life. Tap into a location that’s bright, smart and alive with possibility.
HOME AMENITIES:
• Historic Santee Village Allows Reduced Property Taxes
• Up to 12 foot Ceilings
• Oversized Historic Windows
• Finished Concrete Floors
• Granite or Stainless Steel Countertops
• Stainless Steel Appliances
• Deep Stainless Steel Sinks
• 6 foot Bathtubs
• Laundry Hook-Ups
• Private Balconies (some units)
• Energy Efficient Heating/AC
• DSL Ready and DirecTV Ready
Eckardt Building (Santee Village) Downtown Los Angeles
The Eckardt at Santee Village Lofts is an important manufacturing building that has been thoroughly renovated to give significant details for todays modern living while retaining classic industrial design features for an historic urban feel.
Each loft is fully finished but keeps a wide-open space for you to express your own style and ideas to set up a home that is distinctly your own. Walk in the door, take a deep breath and see how you can design the living environment you’ve always wanted.
Layout and Features
The Eckhardt Lofts offer many desirable historic features such as high ceilings and oversized industrial windows. They also includes modern upgrades such a Bosch kitchen appliances and six-foot bathtubs. Select apartments also come with private balconies.
Unit features include:
Ten to fourteen foot vaulted ceilings
Heavy duty polished concrete floors
Architectural concrete columns in all units
Over sized historic industrial windows
Mountain, city and skyline views, per plan
Italian-style kitchen and bath cabinetry
Granite kitchen counter tops
Stainless steel Bosch appliances
Deep stainless steel sinks
Six-foot bathtubs
Private balconies (select lofts)
Energy efficient heating & air conditioning
DSL, DirecTV and Comcast ready
Washer/dryer hook-ups
The units at Eckhardt Lofts range in size from about 700-square-foot open floor plans to a 2,000-square-foot penthouse.
The Cornell Lofts offer many desirable historic features in each unit, such as high ceilings and over sized industrial windows. They also include the best modern upgrades such a Bosch kitchen appliances and six-foot bathtubs. Select apartments also come with private balconies.
Unit features include (Click picture for unit video):
Cornell Building Lofts
Ten to fourteen foot vaulted ceilings
Heavy duty polished concrete floors
Architectural concrete columns in all units
Over sized historic industrial windows
Mountain, city and skyline views, per plan
Italian-style kitchen and bath cabinetry
Granite kitchen counter tops
Stainless steel Bosch appliances
Deep stainless steel sinks
Six-foot bathtubs
Private balconies (select lofts)
Energy efficient heating & air conditioning
DSL, DirecTV and Comcast ready
Washer/dryer hook-ups
Floor Plans
The units at Cornell Lofts range in size from about 700-square-foot studios to 2-bedroom lofts to penthouses at 2,000 square feet.
Find out how to qualify for mills act, historic building property tax discounts.
New lofts are coming to Downtown Los Angeles. Request to be one of the first to see the new lofts by signing up on the INTEREST LIST.
Contact us for the information to get ahead of the massive interest this loft will create next month and be the first for a breathtaking tour!
The reputation of the developer is often the topic of discussion among buyers, sellers. Real estate professionals who specialize in Downtown Los Angeles are familiar with the reputation of Barker Block and its developer.
Pricing of the new lofts may have some flexibility, and may rely on the knowledge and ability of the buyer’s agent to help assess the investment value, and then to get the seller to come down to the bottom-line price.
All Downtown loft buildings have pros and cons that require the assistance of a Downtown loft specialist.
The developers request that buyers bring their agent to the first viewing of the new lofts. The Keller Williams Loft Team in Downtown Los Angeles provides the most experienced agents in Downtown purchases. It costs nothing for buyers to get help from the team that has provided the most exclusive first-to-see access to new lofts in the neighborhood.
Often times, important information is often not provided to buyers of new lofts. This is particularly true if the buyer does not use a buyer’s agent, or if the buyer uses an out of area agent. Most buyers should use a Downtown specialist realtor at no cost to the buyer to represent the buyer in their purchase of new lofts.
Also, there can be previous issues with the developer with previous buildings, related legal issues, potential health hazards of neighborhood, lowest offer likely to succeed, lowest final sale amount likely to succeed, recent unposted comps and sold prices. Our team offers disclosure of strategies and tactics used by the developer, pricing strategies of seller, tactics and strategies to counter the seller’s strategies and to obtain the lowest price and best terms for the buyer.
