Downtown LA Is The Place To Be — For Those Who Can Afford It
Los Angeles, CA (July 31, 2015) — The state of local economies seems to rise and fall with the tide, but through it all, Downtown Los Angeles has transformed into a bona fide luxury market.
Once known for cheaper rents and older, often run-down buildings, apartment houses and warehouses, properties in and around the newly revitalized Arts District now averages asking top-price figures above $800,000. According to a recent post on the L.A. Loft Blog, the premiere authority regarding residential properties in the cosmopolitan Downtown Los Angeles area located on the web at www.laloftblog.com, word of a number of highly anticipated pocket listing were made available to the Barker Block — the much in-demand loft conversion residency complex located in the historic former “Barker Brothers” furniture factory at 510 Hewett Street in downtown LA. These included several luxurious penthouses featuring the original wood beams, with some boasting 25 ft. high ceilings, opulent surround sound systems and other optional amenities (including furniture) concrete walls and fully unobstructed views of Los Angeles’ numerous historic bridges and city views. In fact, such pristine city-scapes can only be found in downtown. Current asking prices range from $880,000 to $999,000 (HOA dues are around $400 per month.) For more information checkout: https://www.laloftblog.com/2015/07/04/arts-district-lofts-downtown-pocket-listings-barker-block .
Such news is indeed welcome to the serious prospective buyers within the downtown area where, such choice listings now are proving scarce given that all recent indicators have pointed to the real estate market being surprisingly good over the last few years—in fact, according to another recent posting on the website, LAcurbed.com, the downtown area now ranks among the top 5 highest rents in all of Los Angeles—with the average price for rentals being $2,400, with genuine historic and industrial lofts getting harder to find. In addition, according to yet another highly regarded information website: losangelesmetropolis.com —which itself is one of the most turned to resources for those investors and potential residents to the down town Los Angeles area, while the trend toward redevelopment and revitalization of the city’s down-town neighborhoods (including older buildings such as the Baker property) may be dominating the local head-lines, creating redeveloped, fully refurbished properties in these classic neighborhoods, brand new luxury high-rises actually dominate new construction projects of late. However, as similarly outlined in the June 16, 2015 entry in the “La Loft Blog” (https://www.laloftblog.com/2015/06/14/why-are-people-buying-outside-of-downtown-los-angeles-and -what-are-they-buying ) for the average mid-level buyer (those out-priced by the area’s surge in opulently refurbished locales) just as strong a trend has actually seen more prospective Downtowners opting for lower priced neighborhoods on the outskirts of the bustling city’s core cosmopolitan districts.
In fact, now that the ready inventory of affordable lofts in the Arts District are virtually non-existent, newer, better strategies for finding properties are required. This means these days, smart property buyers are looking even harder for bargains, and “LA Loft Blog” carries the most up-to-date pocket listings that—guaranteed–won’t be found anywhere else! A pocket, or off-market listing is a property that hasn’t been listed with multiple realtors or a listing service, and quite understandably, these often involve the most select or in demand locations and listings! With up to 45% of the best real-estate deals not to be found on a real estate agent’s Multiple Listing Service (MLS) nor likely to be found on the internet, these include (but are hardly limited to) unlisted lofts, off-market properties, distress sales, foreclosures, company owned and REO foreclosures: https://www.laloftblog.com/2015/06/22/arts-district-lofts-for-sale-pocket-listings-unlisted-and -off-market-properties.
When dealing with such high stakes, whether buying or selling, it is imperative to have the very best, most accurate information available. To be sure, although many agents promise to sell your home for the money you want, the reality of the real estate market is that this simply doesn’t always happen–the majority of homes sell for a price which falls short of what sellers may have been lead to believe! One specialist who knows the downtown area intimately is noted Real Estate Agent Corey Chambers. Chambers reminds his clients that entering into a Buyer Agreement with any real estate agent can be a risky business. “Every sales representative will promise the world when it comes to effectively helping you find and buy your new home,” he asserts, “but how many of them can back that up with solid performance?” Chambers points to a recent survey which states that no less than 72% of home buyers were dissatisfied with the performance of their agent–even if that agent had ultimately helped them purchase; “And, most Buyer Agreements lock you into long-term commitments with lengthy broker protection periods and heavy cancellation fees,” he continues.
Corey Chambers breaks with tradition by standing behind all of his promises and GUARANTEES in writing that he will sell a property for an amount agreed to by the seller, or Corey will buy it! If a buyer is not completely satisfied with a purchased property, then Corey will buy it back! For more information or to order a copy of his informative FREE Special Report entitled “How To Get 100% Full Market Value for Your Home Guaranteed” just log onto http://www.FullMarketLA.com
The good news for buyers is that new historic lofts are coming up for sale soon starting in the $400,000s. Corey Chambers is offering a guarantee to save at least $10,000 on the purchase price or Corey will pay the buyer $1,000 cash. The details and terms of the guarantee can be found at http://www.Save10Grand.com.
For more information, about properties mentioned here as well as other properties in this fast re-emerging Downtown area, contact the realtor who knows: Corey Chambers of Realty Source Inc by phone: 213-880-9910 or e-mail: corey@laloft.org and be sure to check-out: https://www.laloftblog.com or http://www.CoreyChambers.com for all the latest bulletins regarding all the latest and most preferred listings!
