Downtown Los Angeles Lofts and Condos – Best Deal Types and Top Investments

Top Investments and Best Deal Types in Downtown L.A. Condominiums   #dtla #bestdeals #investments

The best deals go quickly. That’s why smart home buyers are looking for better ways find special deals that offer more amazing lofts, condos and houses at lower prices and with higher return on investment. Buyers often look at only agent listings and the internet. Buyers miss out on the hard-to-find deals, and therefore risk missing out on just the right home. Here are some of the best solutions:

New Homes in Orange County
New Homes in Orange County, Los Angeles, The Valley and Beach Cities

Best Deals – Types of Distressed Properties and Other Bargains

New Construction Homes – New build homes often provide a superior deal because they are newer, with the latest technology and highest construction quality at very competitive prices.

Mills Act Tax Benefits on Historic Lofts
Mills Act Tax Benefits on Historic Lofts

Mills Act Homes – The state of California, along with counties and cities, provides a big discount on property taxes to owners of qualified historic lofts and buildings to help maintain the character of the structures.

Distress Sale – When a seller needs to sell quickly for any reason, or when the seller is having difficulty selling due to physical or legal condition of the property, it opens up the possibility of better negotiating power for the buyer, along with a lower price.

Bank Owned – When a home owner cannot pay the mortgage on time, the bank takes over the property, then sells it for whatever the market will bear, often at a very low price.

For Sale By Owner ( FSBO ) – Some owners prefer to sell their home themselves rather than using a listing agent. This can create a great opportunity for buyers to negotiate a lower price.

Expired – When a home is listed for sale but does not sell within the expected timeframe, it creates an opportunity to offer a lower price.

Foreclosures
Foreclosures

Foreclosures – When a home was not paid for on time, the property is taken over by another party, who often sells it quickly at a lower price.

REO – Real Estate Owned is a class of property owned by a lender, typically a bank, government agency, or government loan insurer, after an unsuccessful sale at a foreclosure auction.

Company Owned – Refers to a bank-owned or lender-owned property that has been taken over due to a foreclosure or similar action.

Estate Sale – When a homeowner passes away, the family or other heirs inherit and sell the property to distribute to the funds fairly to the new owners.

Probate Sale – When a homeowner passes away without a proper trust, a judge must oversee the transfer and sale of the property.

In Escrow – Many prospective home buyers give up when they hear that a desirable property is already in escrow with another buyer. Rather than giving up, the buyer can and should take steps to be an official back-up buyer.

Under Contract – A residential purchase agreement has already been signed, but the agreement may be canceled. Buyers can put in a back-up offer to take advantage of canceled contracts.

On Hold – The seller has decided not to sell the property for a certain period of time. The seller is likely making preparations to sell, and smart buyers will place an offer and then follow up frequently to get a great deal.

Vacant – Nobody is living at the property, so the seller could be paying mortgage and losing a lot of money. The seller might drop the price drastically, giving the buyer an excellent deal.

Divorce Sale
Divorce Sale

Divorce Sale – One of the fastest growing deal types, divorces are commonplace in Southern California, and create an opportunity where the property must sell more quickly, often at a lower price.

Auction – The property sells to the highest bidder, often at a below-market price.  The auction process is often used for unsold new homes, foreclosures and bank-owned homes.

Pre-auction – When a home owner is late in mortgage payments, the property gets listed first as a pre-auction. Most auction listings are actually pre-auctions that will never go to auction, but offer a great chance to put in a profitable offer to the owner even if the unit is not listed for sale.

Pre-foreclosure – Before going into foreclosure, the property owner is often open to considering unsolicited offers, an excellent opportunity for savvy home buyers.

Raw Lofts – Loft developers sometimes do not complete every unit in a loft conversion condominium development. These raw lofts often sell at a lower price similar to other unfinished construction homes.

Off Market – Any property that is not listed on the MLS as Active is an off-market property.  These reduced-visibility listings and unlisted homes offer superior opportunities to get a lower price when other buyers do not see them.

Private Listings – Some home sellers do not want the general public (or tenant) to know that they are selling their home, so the seller chooses to keep the listing private and only offer to show it to buyers who are qualified.

Unlisted – Properties that are not listed on the real estate professionals MLS Multiple Listing Service.  With less competition, buyers can get a better deal and an easier negotiating process.

Pocket Listings
Pocket Listings

Pocket Listings – When a listing agent does not make the property information available to all other agents, the buyer can often get a better deal due to reduced competition.

Need To Sell Now – Homes that need to be sold immediately provide an excellent deal for buyers who are fully prepared and ready to grab a bargain.

Short Sales – When a home seller owes more than the property it’s worth, the seller can sell the property with the lender’s permission in a short sale.  Short sales take longer and require twice as much negotiations, with the seller and also with the seller’s lender.

Unclaimed Homes – Any home that has not yet closed escrow can present a super deal for the buyer when the buyer implements superior search, bargaining and negotiating strategies.

Get a free list of distress sale deals.  Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

Lofts For Sale                Map Homes For Sale Los Angeles

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New Highrise Condos Downtown LA
New Highrise Condos Downtown LA

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.

Downtown Los Angeles Lofts and Condos Lowest HOA Homeowners Association Dues

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

Downtown Los Angeles Lofts with Low HOA Dues
Downtown Los Angeles Lofts with Low HOA Dues
downtown-la-low-hoa-dues-lofts-for-sale-l
Downtown L.A. For Sale Low HOA Dues

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:

312 W 5th St #307 860 sq ft $425,000 HOA $271.00
312 W 5TH ST #603 830 sq ft $475,000 HOA $277.00
330 W 11th ST #704 330 W 11th ST #704 $875,000 HOA $389.69
>> MORE

Free Report: Downtown-los-angeles-lofts-low-hoa (pdf)

Another sure way to save on home expenses is by owning an approved historic loft and getting significant savings on property taxes. Get a free list of Mills Act lofts. Fill out the online form:

Fill out my online form.

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

Lofts For Sale                Map Homes For Sale Los Angeles

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Downtown LA Condos with Low Homeowners Association Dues
Downtown LA Condos with Low Homeowners Association Dues

 

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.

Downtown Los Angeles Homes For Sale – Arts District, Open House, New Homes and Mills Act Lofts

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

Arts District Downtown Los Angeles At Mateo

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

New Homes Los Angeles Now Selling

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:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

Lofts For Sale                Map Homes For Sale Los Angeles

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2-Story Homes  |  Live/Work Lofts  |  Homes For Lease  |  About the Author

New Homes Los Angeles – Save Thousands

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.

Mills Act Lofts For Sale 738 S Los Angeles St Industrial Live/Work Loft with Balcony – Eckardt Building LA

Downtown Los Angeles Historic Core Fashion District Condominiums with Tax Benefits

Eckardt Building Loft with Balcony Every Day Open House - Call for times (213) 880-9910
Eckardt Building Loft with Balcony Every Day Open House – Call for times (213) 880-9910

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Downtown Los Angeles Eckardt Loft with Balcony Open House
Downtown Los Angeles Eckardt Loft with Balcony Open House

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:

#1 We’ll Get You More Money – Chambers Team gets you 2.2% more of the asking price
#2 We’ll Sell Your Home Faster – Chambers Team sells homes 44% faster
#3 More Likely to Sell – Chambers Team homes are 16% more likely to sell
#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:

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*seller and Corey must agree on price and time of possession.

Downtown Los Angeles Homes Sold Prices

HOMESELLERS: Find out how much the home down the street sold for.  Free computerized list with pictures of area home sales and current listings. Free recorded message 1-800-791-4541 ID#1041

Lofts for Sale
Downtown Los Angeles Industrial Live/Work Mills Act Lofts for Sale

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.

In Escrow – 738 S Los Angeles St #302, Los Angeles, CA 90014 Downtown L.A. Lofts Sold

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.

When the property gets into escrow, Buyers and sellers can prevent inspection problems and avoid delays by knowing in advance about potential loft lending issues, loft building issues, lawsuits, litigation, retrofit inspections, Mills Act and Adaptive Re-Use Ordinances that affect most of the real estate transactions of Downtown Los Angeles.

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:

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Downtown Los Angeles Homes Sold Prices

In Escrow Downtown Los Angeles Lofts and Condos Sold
In Escrow Downtown Los Angeles Lofts and Condos Sold

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.

Who Wants to Sell Their Historic Downtown Loft?

Looking for Historic Pocket Listings in Los Angeles  #historic #lofts

Historic Lofts Downtown Los Angeles Pocket Listings
Historic Lofts Downtown Los Angeles Pocket Listings, Off-Market and Unlisted Lofts For Sale

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:

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Downtown Los Angeles Homes Sold Prices

penthouse-historic-brick
Mills Act Historic Brick Penthouse Downtown L.A.

Downtown Los Angeles Mills Act Historic Lofts For Sale – Authentic Loft Character Saves $5,000 Per Year

The hottest trend in urban real estate today is historic live/work lofts.  #millsact #dtla

Mills Act Santee Vilage Rooftop Deck Spa Downtown L.A.
Mills Act Santee Vilage Rooftop Deck Spa Downtown L.A.

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:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

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.

Mills Act Homes For Sale Downtown Los Angeles – Save $5,000 per year? What are the benefits?

Mills Act Property Tax Benefits – Historic Homes Can Pay Dividends  #millsact #dtla

Eckardt Building Santee Village Downtown Los Angeles
Mills Act Historic Building Tax Benefits

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:

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
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Historic Mills Act Loft Buildings Downtown Los Angeles
Historic Mills Act Loft Buildings Downtown Los Angeles

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.

Historic Lofts Downtown Los Angeles and Open House Lofts This Week

Historic Lofts in Downtown Los Angeles come with some serious benefits.   #historic #dtla

Santee Village Market
Santee Village Market

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:

Get a free list of open house lofts for sale this week at https://laloft.wufoo.com/forms/zof32ul1wx61si/

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Santee Village Courtyard
Santee Village Courtyard

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.

Historic Lofts Property Tax Benefits Downtown Los Angeles Mills Act Update

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

Historic Eckardt Loft with Balcony
Historic Unlisted Lofts For Sale

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:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

Pocket Listing Eckardt Lofts
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.