Now that the inventory of Downtown lofts and condos is extremely low, finding unlisted properties is vital to getting the best loft at the best price.
Because they are not listed to the general public, buyers can often start with lower offers, with less chance of losing the property to another buyer, while giving more time to negotiate the lower price. As the number of homes for sale continues to dwindle, pocket listings are becoming more rare and more valuable. These properties are not listed with any agents, and they are not on the internet. These off-market properties represent as much as 45% of the best deals in Downtown Los Angeles. Here are few examples:
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Luma soft lofts condominium unit coming up for sale – Year Built / Eff. : 2007 / 2007 Sq. Ft. : 990 Zoning: LAR5 Lot Size Ac / Sq Ft: 0.9459 / 41205 # of Units: 1 Bedrooms: 1 Bathrooms: 1. This upcoming pocket listing is at 1100 S. Hope above the 5th floor unit in this photos, providing exciting views of South Park’s L.A. LIVE. The current lease tenant is expected to move out this week. The site is between 990 sq ft to 1.030 sq ft standard 1-1 unit with view facing Nokia Theater / Staples Center. The asking price is expected to be around $749,000. MORE
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Bunker Hill Tower 800 W 1st St. 2 bedroom, 2 bathroom, updated corner unit with panoramic views. Asking $675,000
Awesome 2 bedroom, 2 bathroom bright, sunny southwest corner. Lift your spirits with panoramic views in this stunning superbly renovated luxury condominium unit with custom finishes in the superb Bunker Hill Tower building. Floor-to-ceiling windows bring in dramatic city views of the Downtown skyline to the Hollywood sign and Griffith Observatory. Updated hardwood flooring throughout, modernized open kitchen with updated stainless steel appliances including warming drawer and 11 ft premium granite countertop island, beautifully updated bathrooms with marble and granite countertops, travertine floors, glass shower doors, designer mosaic backsplash. Custom frosted glass closet doors. Includes storage unit. Many building amenities includes covered underground parking space (additional parking available), gated guest parking, 24-hour security front desk concierge, 2 tennis courts, 2 fitness centers, resort style heated pool, hot tub spa, mens and women saunas, barbecue picnic area, recreation rooms 2.5 acres of common area grounds with rose garden. Building has large convenience store market, dry cleaner and hair salon. Walk to Disney Concert Hall, Center Theater Group, Civic Center, Broad Museum, Financial District, Grand Park, Restaurants and Metro Station. HOA includes utilities: electricity, air conditioning, heating, water, cable TV, internet. Details
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Little Tokyo Lofts 420 S San Pedro St.
Double unit provides 2 bedroom, 2 bathrooms, 2 balconies, 2 parking spaces plus guest parking, 1,440 sq ft. and amenities for $399,000 per unit making it the lowest price in Downtown Los Angeles. For details, call Corey (213) 880-9910 or request more info.
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