Tag: prices

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SOLD Lofts and Condos Downtown LA – Recent Home Prices and Current Home Values

See all homes, listed and unlisted, recently sold around Downtown Los Angeles:

DOWNTOWN SOLD PRICES  |  SOLD UNLISTED  |  RECENTLY SOLD ALL  |  MORE

Pocket Listings Sold in Downtown LA

Find out what the loft down the street sold for.  Get a FREE list of recent condo sales in Downtown Los Angeles.  Did you know that up to 45% of Downtown lofts sold in the last three years were off-market, unlisted and other pocket listings not on the MLS? To receive a detailed listing of all recent home sales and all active listings in your area, visit http://www.lacondoinfo.com/gold_findout.asp, CLICK HERE or fill out the form on this page.

Homes Sold - L.A. Loft Price

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To request free comps for any property, contact:

Your Home Sold GUARANTEED or I’ll Buy It*

Corey Chambers, REALTOR®
(213) 880-9910
sold@laloft.org
http://www.LAloftBlog.com

What's Your Loft Worth? Free quick, online home evaluation

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

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*Seller and Corey must agree on price and date of possession.  Realty Source Inc  BRE#01889449

P.S. Your Referrals Help The Kids!   $125 donation goes to help the extraordinary kids in need at Childrens Hospital Los Angeles on every home we sell this year.  Help us help Childrens.  Who do you know considering making a move that would benefit from the services we provide?  Call me at 213-880-9910 with their contact info, or have them contact me.  You can also visit http://www.ReferralsHelpKids.com.  Thank you in advance!

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Downtown Rent Prices Set to Explode

Today’s MLS data reports that the average Downtown rent has increased from $2,606 ($2,400 median) in the last half of 2013 to $3,021 ($2,725 median) currently. That’s $300 to $400 per month more rent today than just 2 years ago.  Unfortunately, that is just the beginning.

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Think Downtown Los Angeles rent prices are already high?  Wait a few years.  While we are dazzled by the amazing transformation of Downtown into the most exciting place on earth, the average Downtown rent will hit $4,000 in the blink of an eye.  The Atlantic reports that over the next 10 years, the rental population in the U.S. will climb by about 4 million people. And that growth rate pales in comparison to the blistering speed of Downtown population growth.

Census Bureau data puts DTLA’s 2000 population at 27,849 people, but the 2013 total (according to the Los Angeles Downtown Center Business Improvement District) almost doubled, reaching 52,400, says KPCC.

Of the  57 residential construction projects currently under way in Downtown Los Angeles, only 3 are condominiums for sale.  Investors are placing billions into rental communities because their projections show huge profits coming at the expense of renters over the next 10 to 20 years.  No developers have converted new condo lofts in Downtown in more than 2 years. And none have plans to convert any more soon.

Those who think it is cool to rent now and buy later will unfortunately find that home prices will rise in a corresponding manner, locking out the average buyer. Only the wealthy will be able to purchase a nice place, and only the wealthy will be able to easily afford to rent an attractive loft or apartment.  The average renter will be forced to spend more than 30% of income on rent, or live with additional roommates.

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [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

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Corey Chambers, Realty Source Inc, BRE#01889449