Tag: luxury condos

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Super Prime Locations in Los Angeles — New Homes

Ato Little Tokyo new condos at the Onizuka Space Shuttle Challenger Memorial monument

Most of us have heard of prime locations, but what is a “super prime location” in terms of residential real estate in L.A.?

A physical address that is above and beyond that of a prime location would include most properties on a famous boulevard, facing the sand and water of a nice beach, directly across the street of a highly esteemed park, amid highly admired shopping centers, by a top golf course and country club or directly adjacent to a popular tourist attraction. That being said, some of these places are high-traffic areas with dense accumulation of visitors during the daytime, thus these locations are not for everyone. They are for those who want to be in the middle of the action, who have a feeling of safety when other people are around and who understand the elevated investment potential of these super popular spots.

Here’s a link to condos for sale that are more likely to be in super prime locations of Los Angeles:

https://www.themls.com/Share/YWFiamFhaWJi

Get a list of luxury lofts in L.A. Fill out the online form.

Ato new condominium homes Little Tokyo super prime location at the Weller Court shopping plaza

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker CalDRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.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.

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Find Your Dream Loft or Condo in a Tight Market

Biscuit Company Loft In Arts District. Ample amenities like gym, pool, parking

Condo and lofts sales among the highest in 20 years.

Second-quarter sales of Los Angeles Lofts and Condos were up over 130% from a year ago as reported in local trade journals that track sales by the number of properties that close. While it is not hard to imaging beating last year’s sales due to the economic conditions. See our report on this trend from earlier this year here. We did see buyers fleeing the cities to set up homes in smaller cities looking for breathing room for fear of living in close proximity during an airborne pandemic. That move did not last long, there are only so many available homes for sale in smaller states. In a state like Utah prices quickly shot to the moon. The tide appears to be turning back the other way. The appeal of loft and condo living is indeed back in the driver’s seat for home buyers here in Downtown LA and Hollywood. Prices for newly built properties are at record highs.

While demand for Industrial Lofts and Luxury Condos is high the inventory remains tight. Los Angeles is a seller’s market, which means that more people are looking to buy than there are homes available.  This is expected to continue as the supply of properties is in short supply.

This can be good news for a determined buyer who knows what they want and is ready to take the extra steps suggested by their agent. Writing a letter to the seller saved one couple second round of bidding upon a property. “The letter and a picture of our dog moved the seller’s heart to take our offer.” That saved them as much as $10,000 dollars and associated gray hairs.

#Industrial Lofts #Lofts for sale

Free targeted industrial loft list available for free. Fill out my online form.

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Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association, or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com, Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.