Many buyers looking for lofts in Downtown Los Angeles discover bigger, nice, cheaper lofts at Alta Lofts in Lincoln Heights / Chinatown by Elysian Park and DTLA. #altalofts #losangeles #justlisted
HOT LOFT ALERT
Open and airy, top floor, corner unit with breathtaking panoramic views! Real live/work loft in the architecturally significant Alta Lofts, designed by Brooks + Scarpa, with the top two floors added in 2009. Unit features huge, floor-to-ceiling windows, wood floors, gas range, dishwasher and in-unit washer/dryer thoughtfully hidden away. Ideal location within the building and only one shared wall. One private (and huge) balcony and another semi-private balcony that offers “peek-a-boo” views of the fireworks from Dodger Stadium. This building really does have it all: gated entry, secure parking for one car (plus guest parking), a gym, BBQ area, community room, bike storage and well maintained common areas. Building is pet friendly. Evening security from 6PM-6AM. HOA includes electric, gas and trash! Very close proximity to Downtown LA, convenient to the 5 & 110 freeways and only .5 mile to the Lincoln/Cypress Metro Gold Line Station; also very close to the LA River bike trail, hiking trails, Chinatown and the LA State Historic Park, that recently re-opened after its 20-million-dollar renovation. This is the ideal alternative to a DTLA condo! | JUST LISTED
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Best Deals in Condominiums in Downtown L.A. #dtla #bestdeals #homes
The best deals go quickly. That’s why smart home buyers know how to look for special deals that offer better homes, more amazing lofts, at lower prices and with higher profit potential.
Best Deal Types
New Construction Homes – New build homes are often a better deal because they are newer, latest technology and highest construction quality, at very competitive prices.
Mills Act Homes – The state of California, along with counties and cities provide a big discount on property taxes to owners of qualified historic lofts and buildings.
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 opesn up the possibility of better negotiating power for the buyer, and a lower price.
Bank Owned – When a homeowner can’t pay the mortgage on time, the bank takes over the property and sells it for whatever the market will bear, often at a 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, it creates an opportunity to offer a lower price.
Foreclosures – When 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 property that is 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 dies 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 – 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 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 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 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 professional’s MLS Multiple Listing Service. With less competition, buyers can get a better deal and an easier negotiating process.
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 is 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.
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Atelier Apartments 801 S. Olive St., Downtown Los Angeles, CA 90014
New in Downtown L.A. — Where art and culture meet, Atelier is more than just the latest modern apartments. #atelier #dtla
ATELIER offers front row seats to the vibrant transformation of Downtown LA. Surrounded by world-class entertainment, museums, galleries and restaurants, residents enjoy a vast array of cultural destinations and experience the rich tapestry of DTLA.
Designed by Solomon Cordwell Buenz, the chic glass structure soars to 33 stories, with floor-to-ceiling windows bringing 360° city views. These premium residences deliver thoughtfully designed luxury finishes along with resort-style amenities. Evolved by design, ATELIER is the blank canvas to make one’s own.
These sparkling Downtown Los Angeles Atelier apartments offer residents an exquisite home in the nation’s most geographically unique and vibrant metropolis. A combination of historic and contemporary, the city itself is home to famous picturesque views, timeless architectural masterpieces, and is intrinsically decorated with the fine arts. Incorporated into this thriving city are majestic mountain tops that offer the ultimate in relaxation, as well as the warm beaches that California is known for.
With the perfect blend of nature’s beauty and exhilarating city life, living in Los Angeles offers boundless enjoyment for those that call the area home. Fine dining experiences, historic theaters, extravagant libraries, wholesome marketplaces and grand concert halls can be found in abundance here. These high-end attractions stand within reach of these luxury DTLA apartments for rent, but the ability to take part in all facets of LA while enjoying resort-style living is what makes this a truly unique experience.
From German hardwood style flooring to quartz countertops with under-cabinet lighting, Atelier redefines luxury apartments in downtown Los Angeles. Balconies offer dreamlike views of the city while the finest modern furnishings create stunningly elegant living spaces. An unending abundance of amenities make possible a wide variety of lifestyles from the pet owner to the entrepreneur and the fitness enthusiast with state-of-the-art designs and comfort in mind.
Standing in one of the world’s most exuberant cities, Atelier DTLA provides nothing short of the finest in luxury living.
The first thing that one notices about Atelier is that the building is a big, black sleek, modern beast of a structure, an immense onyx obelisk. When the door is puled open, both heavy glass doors automatically open, the second door batting away the inattentive like a giant crystal Greystar fly swatter serving to pre-enlighten visitors that they should stay alert and in-line, and only then may they appreciate the grand automation and high-end, high-tech convenience of Atelier.
The lobby introduces an ultra-modern, minimalist art gallery feel with immediate personal service by the front desk.
The upscale building in DTLA emphasizes amazing views, vast array of lounges and other amenities, including a prominent corner dog run with city views and a dog spa with pet baths, furry friend showers and do-it-yourself animal grooming station.
With indoor and outdoor lounges galore, sprawling fitness center of the fullest complement, pool deck of sweeping openness, brilliant social spaces in rich surroundings, the towering high-rise with designer interior with top-notch finishes accentuate the successful minimalist art theme of Atelier.
New apartments start at around $2,800 as of 07/18/17.
Get a list of Atelier DTLA Apartments. Fill out the online form:
One of the most frequent questions to the L.A. Loft Blog is: “What is happening with the real estate market in Downtown L.A.?” #justlisted #newhomes
The best way to answer that is that Downtown is experiencing a normal market. Normal for Downtown is exceptional growth. Prices are going up about 6% per year, which is normal for a transformational neighborhood that is receiving billions of dollars per year in new infrastructure, businesses, residences, shopping, restaurants, entertainment and transportation. While the LA Loft Blog has helped thousands of buyers, sellers, renters and landlords to prevent many common mistakes, many continue to make the same mistakes: Using out-of-area agents; and failing to take prompt, informed action. Since 2003, Downtown LA has been ahead of the curve. Previously known for its large homeless population and former blight, Downtown is now among the world’s greatest boom towns. Most have no idea that DTLA has generated more than 500,000 jobs. Nearly 100% of new residents, businesses and investors who make wise choices with the aid of local experts are pleasantly surprised by their outstanding results and windfall of wealth. By paying attention to this one very important principle, one can avoid the number one mistake in Downtown real estate: DO NOT UNDER-ESTIMATE DOWNTOWN LOS ANGELES.
Some exciting new luxury townhouse style homes are now under construction by the Downtown Los Angeles area. With Downtown views and park views, each town home has its own private garage and a private rooftop deck. Get details and request an early viewing of this and other exciting new homes. Fill out the online form:
Oceanwide Plaza New Photos – DETAILS#oceanwide #plaza
1100 S Figueroa St, Los Angeles, CA 90015
The upcoming new homes for sale in this fancy-schmancy mega mixed-use new project are now progressing under construction full-speed atop a sprawling 4.6 acres parcel across from Staples Center, Los Angeles Convention Center and L.A. LIVE. With nearly 1.5 million square feet, including a whopping 153,000 square feet of retail space, 504 glimmering luxury condominiums for sale will be closely neighbored by 184 Park Hyatt hotel rooms.
The ambitious project is scheduled to be completed at the end of 2018 complete with its own exciting shopping mall of 35 stores ranging from 1,000 to 15,000 square feet. The back of the new center faces the more austere live/work industrial Flower Street Lofts. Get more info on Oceanwide Plaza. Fill out the online form:
LATen50.com — Trumark Urban recently announced a quick sell-out of the first phase of residences at TEN50. The second phase will start in the $600,000s.
More than a third of the residences at TEN50 have been taken off the market by eager home buyers in less than two months since sales opened to the public. The luxury 25-story high-rise under development in downtown Los Angeles’ South Park neighborhood
The investment in DTLA’s renaissance is not one Trumark Urban has taken alone – news from significant retailers including Whole Foods Market, which recently opened just three blocks from TEN50, on the corner of 8th Street and S. Grand Ave, and Apple’s purchase of the historic Tower Theatre for a new flagship store has cemented the community at the core of development in Southern California. North of TEN50, The Broad Museum has spurred a new wave of artistic ingenuity and welcomes thousands of visitors each week. Once recognized as purely a concentration of careers in finance and fashion, nearly half a million people work every day in downtown Los Angeles.
“Working and living in downtown Los Angeles, I can’t wait to move into TEN50, and truly have a place of my own to call home, right around the block from my own business,” said Eva Shen, a first-time home buyer and owner of local coffee emporium, Impresso Cafe. “The building is at the center of exactly where I want to be– surrounded by hip hotels, new restaurants and just a few blocks from LA Live and the Staples Center.”
Slated for completion in late 2016, TEN50’s exterior is nearly complete and work on the interiors is well underway. TEN50 will feature an approximately 13,000-square-foot indoor/outdoor amenity deck, including “The Fifty”, a private residential lounge that flows seamlessly from the resort-style pool to the therapeutic yoga garden with sweeping city views, as well as the country’s first air-delivery-ready drone landing pad.
To help beat out other buyers to the best deals by putting the buyer’s interests above the seller’s interests, Downtown home shoppers can get free home buyer protection that includes priority access, proprietary information, free home warranty, $10,000 Savings Guarantee and a Love Your Home Guarantee at no cost to the buyer. Call Downtown new home specialist Corey Chambers at (213) 880-9910 or visit www.LoveYourHomeGuarantee.com.
Get free information on new homes in Downtown Los Angeles. Fill out the online form:
The Los Angeles Business Journal last week reported that the technology giant has chosen the Tower Theater on Broadway as the location of its future Apple Store. The L.A. Loft Blog has received several reports of rumors that Apple is negotiating a lease for the ornately decorated structure. Apple and its real estate agents have not given public confirmation of the upcoming store. The world is still only beginning to get a grip on the powerful changes happening in DTLA. Even the local newspapers are not able to keep up with reporting on the lightning-fast improvement of Downtown Los Angeles. The L.A.
Business Journal said that the Apple’s move “could spark dramatic changes along a corridor that has long been in flux.” That’s not an accurate characterization of Broadway. The “dramatic changes” have already occurred, and the “flux” has long ago given way to a locomotive pace of improvement of the Historic Core’s Broadway Theater District over the past 5 years. The street has already transformed from nearly 100% cheap tchachke stores to almost 50% upscale restaurants and retails. The arrival of the Apple store will surely accelerate Broadway’s gentrification process as other retailers follow and the slow learners finally catch on that DTLA is THE place to be. Downtown is, in fact, the largest employment center in the Los Angeles area, with more than 500,000 jobs.
The Tower Theatre, a movie theater, opened in 1927 with a seating capacity of 1,000. It was the first of more than 70 theaters designed by S. Charles Lee, who described the Tower as a “modified French Renaissance” design. It was the first movie theater in Downtown Los Angeles equipped to accommodate talking pictures. The spot provides some great challenges and creative opportunities of transforming the sloping theater into a retail store.
Along with new stores such as Urban Outfitters and Gap, many pedestrian outdoor dining and sitting areas have recently been added to Broadway. These are soon to be followed by a new street car system centered in the Broadway district. Here are the loft and condo buildings that will benefit most from their proximity to the future Apple Store.
The L.A. Loft Blog presents an update on the new condos under development in the Downtown Los Angeles area:
River House LA – RiverHouse.com – Elysian Valley AKA Frog Town is the strip of neighborhood north of Elysian Park between Lincoln Heights and Silverlake. River House is a new condominium complex under construction facing the newly revitalized portion of the Los Angeles River. The sales office is expected to open within a couple months.
Metropolis – LosAngelesMetropolis.com – Changing the skyline of Downtown L.A., Metropolis is a new luxury condominium and hotel complex that is making rapid progress with 7 cranes running nearly round the clock.
SPECIAL UPDATE: OceanWide Plaza has resumed construction. Details coming soon.
The L.A. Loft Blog previously reported that the tide may be going out for Oceanwide Plaza. We had received several unconfirmed reports that new luxury condominium high-rise project that recently broke ground is on hold with construction halted. The reports specified at the time that the developer or lender may be having second thoughts about the expected financial results. The developer has not released any details.
This sounds somewhat similar to what we saw just a few months ago when the owner of the Title Guarantee Building decided at the last minute to change their mind and keep renting the units instead of selling them.
The reasons are clear. Downtown apartment owner a making big profits from rentals and the billion dollar investor types predict that the rental dollar signs will continue to soar as many highly mobile urban professionals continue to pour into Downtown Los Angeles to lease homes while they check out the urban renaissance.
The big investors are betting billions that the influx of renters will continue, and that many renters who currently think that renting is cool will soon find themselves forced to keep renting as home prices grow faster than their ability to come up with the required down payment. The average rent in Downtown L.A. is now $2,500 per month.
Meanwhile, new luxury Downtown high-rise condo complex Metropolis construction is proceeding promptly on schedule with 7 cranes building all three phases almost simultaneously. Get Metropolis Los Angeles listings, details and photos at www.LosAngelesMetropolis.com
Silver Lake living is yours in the comfort of today’s 3-level town homes with a special smart style. Luxuriously designed homes offer 2, 3 and 4 bedrooms, offices, spacious roof top terraces, with wide views and sizes from 1,243 to 1,910. Silverlake Life is minutes from the excitement of Hollywood and the renewed vibrance of Downtown. Go with the new flow, visualize a new dream.
Exciting and new, unique and colorful, Latitudes is a the community where you can grow. Today, the latest styled 3-level townhomes provide 2 to 4 bedroom luxury residences with a den or office, heavenly rooftop terraces, airy balconies and attached two-car garages. The interiors are eye-catching, with the newest designer-chosen touches and features throughout, with several choices to fashion a house that’s is truly yours.
1,243 sq ft 2-bedroom, 2.5-bathroom to 1,910 sq ft 4-bedroom, 4-bathroom
Call us first to get your FREE Buyer Protection Program with $3,000 off closing costs. Details at Save25Grand.com
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