How Many Amazing Lofts Will You Lose? Downtown L.A. Dream or Disaster?

How Many Amazing Lofts Will You Lose?  Downtown L.A. Dream or Disaster?

DOWNTOWN, L.A. - VIP buyers get the best deals on the the most amazing lofts
DOWNTOWN, L.A. – VIP buyers get the best deals on the the most amazing lofts

How would you like an amazing Downtown Los Angeles loft that more than doubles in value in less than 2 years?  How would you like to lose an amazing L.A. loft that could have been a life-changing investment?  Many of my clients and I have enjoyed experiences closer to the first story, the happy story.  At the same time,  I have had to see many others experience the second story, the unhappy story.  What makes the difference between the happy loft story and the unhappy story?  The difference between the winners and losers boils down to resources.   Anyone who does not have millions needs to use all of the most powerful free resources.  The most powerful free resource for buyers is the Downtown specialist Realtor(R) who has access to more properties, more information about the properties, and more knowledge about the Downtown loft market.

DOWNTOWN Los Angeles - Beat other buyers to the best deals on the the most amazing lofts in L.A.
DOWNTOWN Los Angeles – Beat other buyers to the best deals on the the most amazing lofts in L.A.

As more and more buyers try to purchase lofts in Downtown, we are hearing more and more sad stories of buyers who have already been priced out of the market.  Many others place offers on a nice loft, only to be outbid or outmaneuvered by another buyer.  They lose their dream loft.  Another couple of buyers searched for a long time, and when they finally placed their offer on the same day of the listing date, the agent completed the paperwork and got it back to them that night.   The offer got to the seller the very next morning, but the seller had already accepted another offer.  They had seen that happen once before.  The best lofts seem to be sold sometimes before they are listed.  This is not their imagination.  Many of the best lofts really are sold before they are listed.  This is called a “pocket listing” or an unlisted property.  The buyers who buy the lofts before they are listed are called VIP buyers.

One happy buyer — we will call him Jeff Mason to protect his privacy —  just sent me an email thanking me for helping him to buy a loft that more than doubled in value in two years, along with a comp listings showing a similar loft that just sold for more than twice what he paid for his loft.  How did Jeff do it?

The best deals on the most desirable Downtown lofts are unlisted
The best deals on the most desirable Downtown lofts are unlisted

Another buyer — we will call him Robert Gallagher —  is in escrow now with resale Barker Block for thousands less than other Barker Block lofts.  He only has 10% down, but was able to buy the most desirable loft unit in Downtown with resort-level amenities, low HOA dues, in the coolest neighborhood in the world.  He was able to see the property before it was listed on the MLS. How was Robert able to do it?  Robert had already lost one unit before.  He is a quick learner, and he found the #1 loft specialist buyer’s agent in Downtown, which cost him nothing.  The agent offered Robert access to the largest number of pocket listings and other unlisted properties.  At no cost, Robert joined the VIP buyer program to gain access to the pocket listings.  Robert was notified by his new agent about a pocket listing in the prized Barker Block building.  Robert was notified, and this time he was the one who was able to see the unit before it was listed, and place an offer before the other buyers were able to.  Rob learned how to go from being the guy who watched other buyers steal his dream loft, and even though he only has 10% down, he is now the VIP buyer who was able to buy a dream loft before other buyers ever knew it existed.  This time, it was the other buyers who lost out, not Robert.

VIP Buyers Get the Deals
VIP Buyers Get the Deals

The biggest secret in Downtown is pocket listings and other unlisted properties.  Knowing about unlisted properties is the first step.  There are many other advantages that buyers absolutely need in order to get maximum advantage.  Buyers need access to the largest number of foreclosures, bank owned, company owned, REO, short sales, fixers, raw lofts and other distressed properties.  To get the lowest price, the buyer must use a Downtown specialist agent who knows what lofts in the building sold for less than 30 days ago.  The agent must know the boldest, most powerful strategies that are required to help the average buyer beat out wealthy international cash buyers who are trying to buy the same unit.  Using an out-of-area agent is just not worth it.  It is simply not worth it to use an agent who does not have access to the very largest number of pocket listings and unlisted properties in Downtown. To get every advantage, Buyer’s absolutely must join the VIP buyer’s program to work with the buyer’s agent team with the largest number of pocket listings in Downtown.

Prices have risen. The number of buyers has increased. The number of easy bargains has decreased. The average buyer today is getting crushed by wealthy investors, cash buyers, and VIP buyers who are buying the property before the average buyer sees it.  It is no longer effective to be the average buyer.  Every buyer must use the most powerful free tools available.

To get the the best investment and best deal on an amazing loft, become a VIP buyer, and gain free access to the largest number of distressed properties and unlisted properties.  Those who are not ready to work with an agent can immediately take advantage of the free Downtown real estate information at http://www.LAcondoInfo.com while buyers who are ready for the best deal today should immediately call the buyer’s team with the largest number of Downtown unlisted properties and distressed properties. Call Corey Chambers at (213) 478-0499 and become the VIP buyer who is able to beat out other buyers to the best deals.

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Corey Chambers, REALTOR®
(213) 478-0499
corey@laloft.org
http://www.LAloftBlog.com


The #1 Downtown buyer’s agent with 19 successful buyer transactions closed in 2013, Corey Chambers is a Realtor®, and member of the Top 6 award-winning, 5-Star Yelp rated team.  J.D. Power Award 2012 – Keller Williams Realty ranked Highest in Overall Satisfaction for Home Buyers and Sellers Among National Full Service Real Estate Firms.  DRE#01889449

MOLINO STREET LOFTS 500-530 Molino Street, Los Angeles, CA 90013

MOLINO LOFTS FOR SALE   |   FOR LEASE   |   UNLISTED   |   NEW LISTINGS

High-End Live/Work Homes Appeal to Creative Individuals

Situated near the building’s gated parking space, swimming pool, two rooftop sun decks and gym. Steps from the white hot Arts District’s favorite haunts: Bavel, Bestia, Officine Brera, Factory Kitchen, Blue Bottle coffee, Stumptown, Urth Caffe, Zinc Cafe, Cafe Gratitude, Grow Market, Villains Tavern, The Springs, Urban Radish, Daily Dose, Church and State, Resident, Wurstkuche, Hauser Wirth and Shimmel, Sci-Arc, Little Tokyo, and Gold Line Metro stops, as well as Soho House and the ultra high-end At Mateo retail-and-restaurant complex being completed at the end of the street. Building offers controlled-access entry. A sanctuary with all that DTLA has to offer, just moments away. This is loft living for the purist. Call to request a viewing (213) 880-9910.    #molino #lofts   |   DETAILS


Los Angeles, CA – Molino Street Lofts (built in 1923), in the heart of the Arts District, opened to impressive buyer demand. The Kor Group, developers of Molino Street Lofts, has announced that most of the homes offered were reserved by buyers who had their first look at the variety of lofts available during the preview event. Just 33 out of 91 total units remain available at Molino Street Lofts, including a selection of large spaces appropriate for artists and entrepreneurs who excel in a creative, contemporary environment.

“Our opening was an incredible success. It was reserved for a group of pre-qualified buyers who immediately fell in love with these lofts and all the opportunities they represent,” said Kimberly Lucero, marketing director for the Kor Group. “Every one of these individuals was impressed that no two units are alike, and that each residence provides an atmosphere where life and career can thrive together. That’s something that is all-too rare in this city.”

GET A FREE HOTLIST OF SECRET LOFTS AND CONDOS IN DOWNTOWN L.A.

Molino Street Lofts, at 500 and 530 Molino Street, are created from adjoining, classic 1920s warehouses that are full of history and character. They form the nucleus of an emerging creative community, which Kor Group will continue to improve with sidewalks, lighting and other neighborhood amenities.

MOLINO LOFTS FOR SALE  |  MOLINO LOFTS FOR LEASE

Layout and Features

Each unit in Molino Street Lofts retains the character of the original building with details such as high ceilings and exposed brick walls. The conversion of the building to lofts also installed all the modern conveniences of today including large two-person soaking tubs, GE stainless steel appliances, and Kohler bathroom fixtures.

Molino Lofts Arts District Downtown Los Angeles

Unit features include:

  • Pre-wired for high-speed internet and cable
  • Central air-conditioning and heat
  • Washer and gas dryer hookups
  • Stainless steel appliances
  • Stainless steel shelving with new wood cabinetry
  • Built-in dishwashers
  • Stone counters
  • Street level storefront patios (select units)
  • Spacious soaking tubs
  • Industrial-style Clerestory windows and multi-pane Windows with laminated glass
  • Rooftop skylights
  • Exposed brick walls
  • Hardwood and concrete floors
  • Ceilings up to 14′

Building amenities include:

  • 1920s warehouse architecture
  • Original brick surface exterior walls
  • Two rooftop sun decks with panoramic views
  • Potted citrus trees
  • Vine-covered arbor
  • Swimming pool
  • Fire pit and seating areas
  • Electronic entry system
  • Two lobbies with secured mailboxes
  • Gated and secured parking

Location

Molino Street Lofts are in the center of L.A.’s original Arts District. The area enjoys a creative vitality like few other places in the city, yet, because it is set off from the hectic pace of downtown, it is also calm and meditative. And the neighborhood is home to beautiful architecture such as the elegant Fourth Street Bridge. The rooftop decks of Molino Street Lofts provide stunning views of this landmark and many others.

“These are spacious artist residences in an intimately scaled, low-rise building with high-end amenities,” said Lucero. “It is a district rich with history, brimming with energy, and imbued with its own sense of community. And it’s incredibly attractive to certain, very discerning buyers. They understand that here they can create their own vision for themselves.”

Residences at Molino Street Lofts range from 896 to 3,716 square feet, with prices from the mid $300,000s to approximately $1 million. Each unit offers classical architectural details; examples include: original exposed brick walls; wood or polished concrete floors; rooftop skylights, light wells or transom skylights.

At the same time, state-of-the-art improvements make each home comfortable, convenient and readily adaptable to home businesses for individuals focused on art, design and other creative enterprises. These upgrades include: pre-wiring for telephone, high-speed internet and cable TV; central heating, ventilation and air conditioning; huge, new, industrial-style clerestory windows with laminated glass; GE stainless-steel kitchen appliances; under-counter bathroom sink with Kohler hardware; and two-person, 72-inch tubs.

The Molino Street Lofts also offer common areas that include sundecks with swimming pool and many areas for socializing.

An innovative presence in the real estate and travel industries, the Kor Group is redefining the concept of home with its distinctive hotel and residential properties. Every Kor development reinterprets the modern-day environment, blending the comforts of home, business necessities and leisure amenities in unique settings. Starting with Beverly Hills’ Avalon Hotel in 1998, Kor Hotel Group continues to craft a rare array of boutique hotels consistently singled out for praise in such influential publications as CondeNast Traveler and Travel + Leisure.

That success extends to Kor’s residential projects. Respect for the historic character of landmark buildings and their local legacies guides Kor’s redevelopment approach; insight into modern residents’ desires for a luxurious yet relaxed lifestyle underscores the design process. The result: personal spaces at sought-after addresses, rich in classic and vintage elements, up-to-the-moment conveniences and inspired interior design.

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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.