Silicon Beach Moves to Downtown L.A.

REAL ESTATE NEWS: While Downtown LA is more than 10 miles inland from the ocean, the neighborhood of Silicon Beach includes all of the tech industry neighborhoods anywhere around the L. A. Basin, according to Wikipedia. Besides some of the world’s best weather, L.A. has other super attributes that keep attracting more and more residents. Diversity of industries and diversity of human resources talent creates unmatched economic strength and fulfilling standard of living. Despite soaring taxes and sprawling homelessness, DTLA continues to attract more and more high technology companies. #dtla #lofts #market

In one of the biggest business relocations in the area this year, real estate engineering firm Arup is moving its regional offices from Playa Vista to Downtown’s newest skyscraper Wilshire Grand Center. Arup agreed to occupy three floors, a total of 66,000 square feet, in a 15-year lease valued at $57 million, reports Colliers International. This monumental rental reflects a recent trend of downtown stealing important companies away from popular areas like Playa Vista, and even trendy neighborhoods on the Westside and in Hollywood. | Los Angeles Times

DOLLAR WISE — Downtown rent prices have been increasing as the modern neighborhood infrastructure and amenities improve, but rents are still significantly less than those on the Westside. Downtown landlords are asking for about $3.55 per square foot per month, compared with $5.78 per sq ft in Santa Monica and $5.53 in Playa Vista. The average residential condominium lease in DTLA last month was $3.14 per square foot.

Arup’s announcement comes just days after tech guru Elan Musk’s initial proposal for a high-speed car-skate tunnel network under Los Angeles that will connect to 700 MPH hyperloop transportation.

Variety reports on why tech companies like Collab are moving to DTLA.

DTLA PEOPLE AND LOFTS: New residents and highly educated human resources have been streaming into downtown at an increasing rate for the past 20 years. Many are particularly fond of the past American business stories and irreplaceable character of historic and industrial lofts, along with comfy traditional condos and new, super luxury high-rise condominiums for sale.

Downtown Los Angeles is today part of Silicon Beach. This once-blighted little urban center is now a skyrocketing start-up pocket that continues to attract billions upon billions in capital. Welcome to the beach where each countless grain of sand is soundly represented by a creative dream come true.

FIND OUT THE TRUE PRICE — Find out what homes in Downtown Los Angeles sold for. Get a free list of lofts and condos recently sold, photos and descriptions, along with just listed lofts for sale. Fill out the online form:

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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 We are not associated with the homeowner’s association 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.

LITTLE TOKYO LOFTS
420 S San Pedro St, Los Angeles, CA 90013

LITTLE TOKYO LOFTS FOR SALE | LITTLE TOKYO LOFTS FOR LEASE

Little Tokyo Lofts feature many details that show the character of the original industrial building including twelve-foot ceilings, hardwood floors, and light-filled steel casement windows. However, the units also contain modern details such as stainless steel appliances, granite counter tops and maple cabinetry.

The building is almost perfectly square with an interior courtyard. It is built of steel and poured concrete and has a plain facade with a smooth surface. In the center of the building, there is a prominent tower which is balanced by smaller towers on each side of the front facade.

The property became known as the Westinghouse Electric Building as it housed the Westinghouse branch operations. The Westinghouse Electric Company was a rival to the General Electric Company in the first half of the twentieth century. The building remained the Los Angeles headquarters of Westinghouse until 1948.

LITTLE TOKYO LOFTS FOR SALE | LITTLE TOKYO LOFTS FOR LEASE

Little Tokyo Lofts offer a true residential loft, not some newly constructed wanna-be. These downtown spaces are for those who would rather chew glass than live in a box in the ‘burbs.

Design your space for the way you want to live — choose the city view that most inspires you.

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Step into a world of energy and excitement at Little Tokyo Lofts. As opposed to those who prefer suburban life, you are not constrained by convention. You will be close to a trendier flavor of nightlife with dozens of underground clubs and bars known only by those who live in the glow of downtown.

Little Tokyo Lofts were intended for those with an individual aesthetic. This modified industrial space boasts soaring ceilings and hardwood floors. Light flows through the large steel casement windows accentuating the open floor plans. Gourmet kitchens provide granite counters and maple cabinets. Outdoors you’ll have an interior garden-courtyard, heated pool with sun deck and a hot tub spa. Gated garage parking is accessed via a private pedestrian archway and security maintains a 24-hour presence. And for the love of your life, Little Tokyo Lofts offers a dog run.

LITTLE TOKYO LOFTS FOR SALE | LITTLE TOKYO LOFTS FOR LEASE

AMENITIES

Little Tokyo Lofts LA — Little Tokyo Lofts Pool

Interior
— Maple hardwood floors
— Woodburning fireplaces
— 12′ ceilings
— Steel casement windows
— Stainless steel appliances
— Granite counters and maple cabinets

Community
— Heater pool and spa
— Open garden courtyard for relaxing
— Secured covered parking
— State-of-the-art fitness center
— 24-hour security with continuous video surveillance

Little Tokyo Lofts DTLA — Little Tokyo Lofts Courtyard

Little Tokyo Lofts allows you escape the commuter crawl and bring back all of those hours lost on freeways. You are steps from Chinatown, Japanese Village Plaza and Grand Central Market. You can walk to MOCA, the Standard and other urban gems awaiting your discovery. Rather than driving to the mall, you can stroll over to eye architectural landmarks such as Rafael Moneo’s Cathedral, Frank Gehry’s Walt Disney Concert Hall, or the Los Angeles Public Library.

The community is served by the Metro Gold Line— Little Tokyo/Arts District Station at the northeastern perimeter of Little Tokyo. Within walking distance is the Metro Red and Purple Subway lines at either Civic Center Station or Union Station — with connections to Amtrak, Metrolink, Metro Silver Line BRT, and Foothill Transit’s Silver Streak BRT services.

FIND HIDDEN DOWNTOWN LOFT RENTAL BARGAINS: 3-HOUR PRIVATE TOUR

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