Homebuyers want a good deal on the home price and ongoing costs. For all homes, including Downtown L.A. lofts and condominiums, monthly expenses are just as important as the purchase price. #lowhoa #dtla
With average HOA dues above $500 per month, most home buyers are conscious of homeowners association dues when determining the total value of a home purchase deal. To help find the best deals, here is a list of the lofts and condos with the most cost-effective monthly building maintenance, the lowest HOA dues in Downtown LA today:
Those who are looking for just the right place can save countless hours by avoiding the wrong properties and going straight to the most awesome lofts, condos and houses with character in the best walking areas. #dtla #homes #forsale
Take a peek at a few open houses, visit several new homes under construction and then check out the Mills Act lofts with amazing historic character and property tax savings.
In today’s healthy real estate market, there is no need to settle for a home that is not one of the most special abodes on Earth. There are always great deals, especially when one looks in places where others are not.
New homes are now selling in Downtown Los Angeles, Chinatown, Elysian Park, Elysian Valley, Frog Town, Glassell Park, Cypress Park, Highland Park, along with other up-and-coming L.A. neighborhoods. They include sparkling new construction houses, single family homes, duplex, attached homes, townhouse town homes and luxury high-rise tower condominiums with views. | NEW HOMES
While the world is beginning to
catch wind that Downtown Los Angeles is the most exciting place on the planet, DTLA is still in its infancy. Upscale Arts District shopping center At Mateo is nearing completion, as are countless other new additions to the hip urban center of creativity.
Get a free list of Arts District homes for sale. Fill out the online form:
Awesome loft with style and Downtown character, high ceilings, open space, oversized industrial windows and natural light. Quiet courtyard condominium unit in the historically designated Higgins Building. Enjoy the Mills Tax Act reduction in property taxes. Located in the beautiful, clean Historic Core Old Bank / Civic Center neighborhood, this unit also has polished concrete floors, stainless steel appliances, dishwasher and nice tiled bath. Convenient to laundry room. The building is of classic Beux-Arts architecture. Walk to Grand Ave Park, Grand Central Market, Little Tokyo, Art Walk, Historic Core, restaurants and metro. Directly across from the LAPD headquarters dog park. Many choices of affordable parking available next door in several indoor/outdoor lots. The building hosts the world class Edison Lounge in the basement of the building and also offers great Downtown LA skyline views from the rooftop common area. #millsact #taxsavings
Corey Chambers Your Home Sold GUARANTEED or I’ll Buy It*
No Gimmicks! For information on my exclusive Guaranteed Sale Program, order a Free Report by visiting www.GuaranteedSaleSoCal.com
4 Big Reasons to Call the Chambers Team to Sell Your Home:
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#4 We’ve got more than 4,700 buyers in our Data Base looking for a home
To find out how much you can sell your home for and how long it will take, call Corey at (213) 880-9910
Get a free list of Mills Act Lofts. Fill out the online form:
How to Get into Escrow and Close Successfully in Downtown Los Angeles
Some happy home buyers just got into escrow with the best deal on a Downtown loft with a balcony at the Eckardt Building. Escrow generally refers to money held by a trusted third-party on behalf of transacting parties, and to the process of smoothly bringing together all of the paperwork and payments required to change property ownership. For Downtown homes, it is helpful if the escrow company is familiar with commercial and industrial loft conversions, as they may require some extra steps and expertise for a smooth transaction. | Avoid Common Downtown Disasters #escrow #dtla #lofts
Getting into escrow is a key goal for both buyers and sellers. It is often the happiest part of a real estate transaction because the light can be seen at the end of the long real estate transaction tunnel. Buyers and sellers are often happiest at the beginning of escrow because they typically face challenges before and later during escrow with hurdles that still must be overcome such as inspections, further negotiations and delays in obtaining the home financing and closing. | Recently SOLD in Downtown Los Angeles
The very first part of the transaction can be daunting when the buyer has trouble finding and winning the bidding war on an amazing Downtown loft while the seller can have difficulty in finding the right buyer with the right offer and sufficient financing. With the right information, home buyers and sellers can take advantage of all of the profitable opportunities that DTLA lofts have to offer.
Which of These Costly Homeseller Mistakes Will You Make When You Buy or Sell a Downtown Loft? Get FREE a free report by completing the form on this page. A new report has just been released which reveals 7 costly mistakes that most Downtowners make when buying or selling a home, and a 9 Step System that can help your DTLA home transaction proceed smoothly. Order this report NOW to find out on preventing common Downtown loft problems. Fill out the online form:
Looking for Historic Pocket Listings in Los Angeles #historic #lofts
Looking for any “For Sale” pocket listings in the Historic Core/Old Bank District i.e. The Higgins, The Douglas, Pan-American, Eldorado, The Rowan under $625k. Client pre-approved and ready to go. As you all know there is quite an inventory issue here, please let me know if you have something in your “pocket”! We can move quickly! Thanks!!
The L.A. Loft Blog received the above email recently. If you know of any properties like this around DTLA, call Corey (213) 880-9910. Those who are also on the lookout for historic pocket listings, off-market or unlisted lofts, as well as Mills Act historic lofts for sale can get also make a request to receive these rare unlisted homes. Fill out the online form:
The hottest trend in urban real estate today is historic live/work lofts. #millsact #dtla
Because many of the historic buildings, such as the Eckardt Building in Downtown Los Angeles, qualify for Mills Act tax benefits, living in an open space with high ceilings can pay dividends year after year in the form of dramatically reduced annual county property taxes. Most Mills Act home owners report usual savings around 66%, so they only pay about 1/3 of the property taxes. That’s around $5,000 per year less taxes paid for the average downtown Mills Act loft. While the savings may vary, as home values go up, the benefits go up, giving the average qualified Downtown historic loft owner a potential savings of well over $200,000 over a 30 year mortgage term. One cool Mills Act loft in the booming Historic Core neighborhood has a roomy balcony and is under $450,000. PHOTOS
Get a free list of Mills Act qualified historic lofts. Fill out the online form:
Mills Act Property Tax Benefits – Historic Homes Can Pay Dividends #millsact #dtla
For historic lofts in Downtown Los Angeles, the Mills Act law was created to help and encourage owners of beautiful old buildings to keep them around and keep them well-maintained and looking nice while retaining their authentic charm and original appeal. Most Mills Act historic building property owners report that they save a whopping 66% off of county property taxes. With average downtown annual property taxes running around $7,500, the Mills Act certainly is a big help if it saves a reported average of around $5,000 per year. | MILLS ACT LOFT WITH PRIVATE BALCONY | Mills Act Guidelines
Get a free list of Mills Act lofts for sale. Fill out the online form:
Historic Lofts in Downtown Los Angeles come with some serious benefits. #historic #dtla
The brick and concrete lofts in historic and industrial buildings in the Arts District, Historic Core, Fashion District, Little Tokyo and Old Bank offer a tremendous amount of character for the price. In addition to lots of coolness per dollar, many historic lofts pay back in the form of Mills Act tax benefits. Owners report tax savings up to 66%, which can be thousands of dollars per year off property taxes.
The best way to get started seeing the historic lofts is by stopping in to some open house opportunities. Drop by and take a look at the open spaces, high ceilings, large windows, natural light and views of Downtown L.A.
Get a free list or Historic Lofts with Mills Act benefits. Fill out the online form:
The L.A Loft Blog has added two more historic buildings to its list of Mills Act quaified historic buildings in Downtown L.A. In Santee Village, the Eckardt Building and Cornell Building are listed as being qualified for Mills Act tax savings. Take a look at the complete list at www.MillsActLA.com. The art deco masterpiece landmark Eastern Columbia building has also been added to the list. #millsact #dtla
Currently, there is an unlisted loft for sale in the historic Eckardt Building with a balcony. Those who need an outdoor space will jump on this nice size loft with bed area separation and high ceilings at www.EckardtLoft.com
Get a free list of Downtown and Los Angeles area historic condominium buildings with Mills Act tax savings. Fill out the online form:
NEW LOFTS DOWNTOWN LOS ANGELES – Plans have changed several times regarding the renovation of the Downtown LA Jewelry District’s historic Foreman and Clark building into new lofts for sale or for lease. #foremanclark #millsact
REAL ESTATE NEWS – The developer had previously planned to create a mixed-use conversion and and/or a hotel. New homes: The latest construction plans filed with the City of Los Angeles planning department state that the Canadian developer Bonnis Properties intends to convert the 1929 building into residential use with 8,500 square feet of retail space on the ground floor. It is not clear yet if the new lofts will be for sale or for lease, but making loft apartments for lease is more likely based on what most other developers have decided to do recently. They are making a pretty penny on the high rents, and the big developers obviously believe that rents will continue their upward trajectory for loft conversion rentals. Prospective home owners can get onto the New Homes Interest List at no cost.
The 13 story historic Foreman and Clark building at 7th and Hill Streets was originally designed by Curlett & Beelman Architects. The structure was once home to the flagship store for men’s clothing retailer Foreman and Clark on its second through fourth floors. The clothier moved out of this location in the 1960s.
The Art Deco Gothic building is a city Historic-Cultural Landmark for its architectural elements, and because it exemplified the expansion of the early Broadway shopping district according to its application for landmark status.
A bar and restaurants may or may not be the anchors of the future renovation, depending on who you ask and when. We have also been told that it is actually 165 units that are slated to be created for residential use.
It is also said that the developer intends to fill out the 1920s Foreman and Clark building with 124 market-rate apartments (meaning none will be set aside for low-income tenants), with sizes ranging from 470 to 1,075 square feet. The loft redevelopment will also include two penthouses, which will be converted from space that was historically used as mechanical rooms. Hopefully the developer will keep . The penthouses measure about 1,300 and 2,600 square feet, respectively, with the larger penthouse being a prized two-story luxury condominium unit.
The Foreman and Clark building, which sits at the corner of 7th and Hill streets, is rectangular for the first four floors, but then it splits into a U-shaped structure, meaning that on top of the 4th floor, there is open space to be made into communal space for residents.
There will be no parking on site. The building’s never had parking, says Bartolo, and there are no plans to add any.
Bonnis is applying tax credits under the Mills Act right now and also seeking permits. Construction is scheduled to start some time in the next 12 to 15 months. The architect is Los Angeles-based OKB Architects.
Save on property taxes by owning a Mills Act historic building loft condominiums. Get Mills Act properties free list and information in your email. Fill out the online form: