Tag: Metropolis Los Angeles

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Metropolis Los Angeles – Downtown’s New Construction Luxury High-rise Condominiums 60% Sold

Now is the last chance for upscale home buyers to get the today’s prices and good selection at the new Metropolis condo Tower 1 now under construction and selling briskly.

Copyright © 2015.  Not affiliated with Greenland USA or Metropolis.

METROPOLIS LOS ANGELES SPECIAL UPDATE

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With construction well under way at 889 Francisco in the South Park neighborhood of Downtown Los Angeles, and now 60% sold, Metropolis plans to raise prices slightly in a few weeks. The building is slated to rival and replace the Ritz-Carlton Residences as the premier upscale high-rise of Downtown, but with less hotel interference, and lower HOA dues.  Buyers can lock in a great deal with a $25,000 Savings Guarantee Certificate from an independent broker. See details at http://www.coreychambers.com/save-4-25k

Developers caution buyers not to go into a sales office without a real estate agent or else the buyer may waive the right to free representation. A real estate agent can protect the buyer’s interest, give the buyer advantages over the seller and over other buyers, help protect the buyer’s deposit, protect the buyer’s rights and negotiate more favorable pricing and terms for the buyer.

Here’s a guarantee program that protects the buyer’s interests while saving thousands of dollars:
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Get more information on Metropolis or request an early viewing free. Fill out the online form:

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LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $10,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

Copyright © 2015 This free information provided courtesy Corey Chambers, Realtor, Realty Source Inc BRE#01889449 We are not associated with the home owner’s association, seller or developer. Not affiliated with Greenland USA or Metropolis. For more information, contact (213) 880-9910 or visit LosAngelesMetropolis.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.  Subject to terms and conditions set by the seller and developer. Realty Source Inc is not affiliated with the developer or seller. Certificate for savings of $25,000 off asking price or $3,000 off closing costs is offered to Corey Chambers VIP Buyer Program members only.  Home Hunter Service, VIP Buyer Program and Buyer Profile System cost nothing to the buyer, and there is no obligation to buy.
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DOWNTOWN GOES UPSCALE – MODERN LOFTS AND CONDOS SURPASS HOUSES IN VALUE

Downtown Los Angeles is officially transitioning this year into a luxury neighborhood as the average condo list price hits $800,000.

luxury-luxvt-robbThe world is still learning about the true nature of Downtown L.A. real estate. During the 1920’s and 30’s, Downtown was a bustling bastion of commerce, arts and entertainment, with bountiful department store and countless theaters.  From 1960 to 1990, the previously functioning Downtown fell into disrepair and decrepitude. With deindustrialization and declining population, abandoned buildings, high local unemployment, crime and huge homeless population, Downtown became a largely inhospitable city landscape. The wealthy and middle class moved away and largely stayed away.

Downtown has transformed. With the installation of the Metro rail system, adaptive re-use ordinance and other measures to promote transportation and enterprise, by 2005, Downtown L.A. had turned the corner, and was seeing rapid growth and improvement.  Ten years later, after $15 billion in new private investment and public infrastructure, the area succeeded in metamorphosing into an exciting upscale neighborhood with a new, modern moniker of DTLA. Downtown is booming, first with historic and industrial loft conversion condominiums, and now with new pricey high-rise condos taking the lead in new listings for sale.

Downtown Los Angeles Real Estate Sales Data

Average Listing Price (last 12 months)

AVERAGE LIST PRICE IN JUNE

Single Family Homes $426,182 Condos/Townhomes $792,837 Multi-family Homes $534,018

Today, the only new construction sites in Downtown are luxury high-rise condominium now for sale at the new residential tower under construction called Metropolis.  The new buildings are designed to rival and surpass South Park’s Ritz-Carlton Residences, but with less hotel interference, and lower HOA dues. Also planned for the near future are two other new luxury highrise condominium projects on Grand Avenue, as well as Hope Street.

luxury-property-presentAs Downtown transitions to an upscale luxury market, more and more homes are marketed as luxury properties. The once ordinary loft, a plain box with four walls, is now marketed as a very rare and special piece of prime real estate.  Once outdated condos built in the 60’s or 80’s are now renovated, modernized and sold as luxury properties with premium views. The average condo in Downtown is now property advertised with slick presentations in the Wall Street Journal and Robb Report.

Get the best deal by seeing what’s not on the internet. Get upscale lofts pocket listings free.  Fill out my online form.

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Copyright © 2015 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 necessarily associated with the home owner’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.