This segment of the old lofts.blog.com records is exemplified by the notable forecast that was posted on March 14, 2012. The post accurately reported diminishing inventory, and predicted rapidly rising loft prices that year. Thanks to the Wayback Machine by Archive.org. This 3-post series represents information from 2011/2012 for historic purposes. The information is mostly outdated, with missing links and photos, but it offers some helpful, entertaining archived data and historic real estate news for Downtown Los Angeles. This post includes the oldest of 3 archive parts. #laloftblog #realestate #news
DOWNTOWN LOS ANGELES LOFTS AND CONDOS FOR SALE AND RENTALS
Downtown L.A. Lofts, Condos and Apartments For Rent and For Sale
Find or list a property:
RENTALS | FOR SALE | TOUR | CONSULTATION | LIST YOUR LOFT
NEIGHBORHOODS | BUILDINGS | TYPE | SIZE | BEDROOMS
Coming Soon — Expensive Lofts Only. Lofts Under $250,000 must be purchased by March 31, 2012.
Due to the changing market, prospective buyers must be prepared to start paying higher prices. Prices are rising. Inventory is low in Downtown, while the number of serious buyers is increasing. Beginning April 15, 2012, the Loft Living L.A. team may no longer be able to help buyers who need to purchase properties under $250,000 because there will few if any quality properties in that price range.
If you plan to purchase a loft or condo in or around Downtown for less than $250,000, you must make your purchase now. By 2013, we expect the minimum price for quality Downtown lofts to be $300,000.
To see low cost properties while they are still available, contact:
Corey Chambers, REALTOR®
(213) 478-0499
Business Hours: 9 AM to 8 PM every day
http://www.LAloftBlog.com
Corey Chambers is a Realtor® Downtown loft specialist with Loft Living L.A., Keller Williams Pasadena
Double Platinum award-winning Downtown living team with volume over $15 million in 2010
Keller Williams Pasadena – 445 S. Fair Oaks Avenue, Pasadena, California 91105
DRE#01889449
MILLS ACT PROPERTY TAX SAVINGS ON HISTORIC BUILDINGS IN DOWNTOWN LOS ANGELES
The Mills Act offers potential savings on county property tax to owners of condominium units in qualified historic buildings in Downtown Los Angeles. We have not been able to obtain much hard data on the program, just rumors and 2nd hand information. We recently have learned that the savings could be much less than the 30% savings that we heard earlier. In fact, some could even end up owing more tax than without the Mills Act. Overall, however, the Mills Act seems to be performing, and we have heard that the savings will be higher when the property values go back up again. The savings is apparently based complex formula (which we have never seen) on the commercial rental value of the properties. The Mills Act is only on certain old buildings that have not made significant changes to the external appearance, such as windows.
Here is the only article that I have seen on the Mills Act recently. We are making no representations on this info, simply passing it on. Do your own research to confirm everything:
Benefits of the Program
Benefits to Owners
Qualified Historic Property
(213) 478-0499
Business Hours: 9 AM to 8 PM every daycorey@loftlivingla.comhttp://www.LAloftBlog.comLoft Living L.A., 1308 Factory Place, #112, Los Angeles, CA 90013Corey Chambers is a Realtor® Downtown loft specialist with Loft Living L.A., Keller Williams Pasadena
Double Platinum award-winning Downtown living team with volume over $15 million in 2010
Keller Williams Pasadena – 445 S. Fair Oaks Avenue, Pasadena, California 91105
DRE#01889449
Studio 1700 Lofts – New Rentals in Downtown Los Angeles – Now Open for Lease
Studio 1700 Lofts Downtown Los Angeles
Studio 1700 Lofts New Rentals in Downtown Los Angeles
Now open, the Studio 1700 Lofts are the newest loft rentals in Downtown Los Angeles. Technically in Boyle Heights right over the 4th Street bridge, the new loft apartments are conversions from a charming 0ld, historic brick industrial building. They feature plenty of raw original wood floors and exposed brick, while upgraded with brand new kitchens, bathrooms, A/C and dual-pane windows. SEE PHOTOS
To be among the first to see the new units, call Corey (213) 478-0499 |
MORE PHOTOS | MORE INFO | VIDEO
Downtown Los Angeles Loft Real Estate Specialist Realtor
Corey Chambers, REALTOR®
(213) 478-0499
corey@laloftblog.com
Corey Chambers is a Realtor® Downtown loft specialist with the Double Platinum award-winning Downtown L.A. team with volume over $15 million in 2010
Keller Williams Pasadena – 445 S. Fair Oaks Avenue, Pasadena, CA 91105
DRE#01889449
LOFT BARGAINS & NEWS – L.A. Loft Blog: http://www.laloftblog.com
LOFTS DOWNTOWN LOS ANGELES FOR SALE – Market Heats Up, Prepares to Skyrocket
downtown-la-lofts-spring-street-3rd
After several years of falling prices in Downtown real estate, the agents at Loft Living L.A. began to notice some leveling in 2010, and then a few increases in the beginning of 2011. By June of 2011, most prices were either level or increasing. For a nice luxury condo in Bunker Hill, a buyer spent about $60,000 more than it was purchased for less than a year before.
Downtown never did get very many foreclosures. Most Downtown agents now agree that the long spell of falling prices is over in Downtown. Evan Fujii of Wilshire Metro Realty calls it “stabilized,” while Corey Chambers calls it “white hot!”
Lofts in Downtown Los Angeles are the best investment
“Now most of the bargain hunters who put in offers at or below the comps are being outbid,” says Downtown specialist Realtor® Corey Chambers. ”Only the properties outside of Downtown offer the comfort of allowing the placement of a low offer while expecting a purchase to likely occur. In most parts of Downtown, an offer must be $20,000 to $80,000 above the comps in order to win a purchase.” Most desirable lofts are receiving 3 to 10 offers within just a few days of a new listing. Just this week, one hopeful buyer offered a whopping $100,000 above the asking price, hoping for a sure thing. The huge offer was outbid by an even more aggressive offer.
Agents Corey Chambers, Drew Panico Discuss Downtown Real Estate Boom
One thing is for sure. It is looking more and more like the next real estate boom has already begun in Downtown. With the improving economy, bustling Downtown renaissance, and with the shrinking inventory of residential properties, Downtown condo and live/work loft prices are sure to keep trucking. They could be among the best and smartest investments of all. With prices at or near the bottom, and with the record low interest rates, buyers simply cannot go wrong in today’s market turn-around.
DOUGLAS BUILDING LOFTS DOWNTOWN LOS ANGELES OLD BANK DISTRICT FOR SALE AND RENTALS DOUGLASLOFTS.INFO
Douglas Building Loft Photos L.A. Rentals Downtown Los Angeles
2 bedroom, 2 bath, 950 sq ft prime corner unit enchanted by bright light and views through many giant windows
Gorgeous, historic 1899 New York style live/work loft building in the Old Bank District of Downtown Los Angeles. Beautifully restored and upgraded, the Douglas Building conversion was carefully designed to preserve integrity of original splendid details: original douglas fir wood floors, original office hallway tile, original quarter-sawn oak front door with replaced cast hardware, gorgeous exposed brick walls and original panoramic hung windows give this loft amazing character. Modern accoutrements: central air and heat, large closets, washer and dryer inside, open Poggenpohl kitchen, top-of-the-line stainless steel appliances,
Douglas Building Lofts for rent – updated Poggenpohl designer kitchen
Waterworks bathrooms, high ceilings with designer lighting, sheer and black-out window shades. One secured underground parking space. Walk to restaurants, shops, Metro, theaters, concert hall and Art Walk. $2,525. Call for appointment to see this rental: (213) 478-0499 ask for Corey. SEE VIDEO | MAP | MORE PHOTOS
About the Douglas Building:
The newly restored Douglas Lofts accommodates 50 unique New York style loft units that vary in size and floor plan.
Unique architectural features include high ceilings, exposed brick walls, restored double-hung windows, historic tile and hardwood flooring, state-of-the-art kitchens, and Waterworks bathtubs.
Douglas Building Lofts Downtown Los Angeles Old Bank District
Floors two through four consist of one and two bedroom lofts ranging from 735 to 1,275 square feet, with the fifth floor penthouses from 735 to 1,450 square feet. Corner units boast operable, curved windows, a rare and wonderful architectural detail.
Of the eleven penthouse units, seven have spiral staircases leading to a study that is open to the living area below.
The Douglas Building is a remarkable presence on the corner of Third and Spring Streets in this historic Downtown neighborhood. Just a block from the notable Bradbury Building, the Douglas Building is the legacy of T.D. Stimson, (1827 – 1898) a lumber baron turned real estate mogul who fostered commercial development in Los Angeles during the 1890s. As one of the few remaining vestiges of Los Angeles’ 19th century architectural treasures, the Douglas Building still stands out, bold and elegant in the midst of glass and steel.
Douglas Building Lofts Downtown Los Angeles Skyline View For Sale and Rentals
Designed in 1898 by San Francisco architects, James and Merritt Reid, the Douglas Building was conceived by Stimson as a flagship office building. The abbreviated five-story structure was markedly subdued and modern in comparison to its Victorian neighbors. Across the street was the Stimson Block, an impressive 42-room boarding house, and on either side, ornate two and three-story structures with retail establishments on the ground floor. At the turn of the century Spring Street bustled with activity and commerce, horse-drawn carriages and bicyclists skirted noisy street cars transporting shoppers and businessmen up and down the wide streets of Downtown. These days of prosperity and growth ushered a twenty year building boom, the first of three during the 20th century.
Rentals Downtown Los Angeles Douglas Building Lofts — LAloftBlog.com
When completed, the Douglas Building was dedicated as a memorial to Stimson, a generous, hard-working man who had won the respect of Angelenos. Of the many accolades printed following his unexpected death, one of the most generous appeared in Greater Los Angeles, a weekly tabloid. “He it was who built so liberally and so handsomely on Spring Street as to create a permanent business heart to our city &.” At Stimson’s funeral service, the Reverend Bert Estes Howard’s words echoed the sentiment: “In days to come, when one shall inquire for the monuments of Thomas Douglas Stimson, men may point to our busy streets and to our city filled with the hum of traffic and industry and say, ‘this is his monument.’”
Corner unit Downtown Skyline View Loft Apartment 2 bedroom 2 bathroom L.A.
The Douglas Building “was considered among Los Angeles’ greatest office buildings and commanded the highest rentals. In its early years, it housed the chief ticket office of the Southern Pacific Railroad.” ² During that time many travelers would have passed through its doors to purchase a ticket.
The Douglas Building is significant in the area of West Third Street, the former heart of Downtown, for several reasons: its association with Thomas Douglas Stimson, the Stimson Estate and the architects; and for its remarkable architectural design and structural system.³ Wholly restored, the Douglas Building will once again be the pride of the neighborhood and certainly one of the most impressive buildings in Downtown. To see this unit for rent, contact Corey (213) 478-0499.
SEE VIDEO | MAP | MORE PHOTOS | CONTACT US
Waterworks bathrooms — 2 bedroom, 2 bath loft apartment Downtown L.A. Contact Corey (213) 478-0499
AMENITIES
Historically Significant Building
New York Style Loft Units
Striking City Views
Poggen Pohl State-of-the-Art Kitchens
Waterworks Bathrooms
Exposed Interior Brick Walls
Original, Restored Double-Hung Windows
Hardwood and Historic Tile Flooring
Curved Windows at Corner Units
Light, Airy Spaces
High Ceilings
20 Different Floor Plans
7 Two-level Penthouse Units
Central Air and Heat
High-Speed Internet Connection
Washer/Dryer Hookups
Gated Mini-Park on Premises (Pet Friendly)
Secure Underground and Street-Level Parking
Easy Freeway Access
Walking Distance to Major Cultural Attractions, Restaurants and Shopping
Two Blocks from the Metro Red Line Station
Minutes to Grand Central Market
Call for appointment to see this rental: (213) 478-0499 ask for Corey. We represent buyers, renters, sellers and lessors of real estate in the Downtown Los Angeles area. Corey Chambers, REALTOR® (213) 478-0499. Corey Chambers is a Realtor® Downtown loft specialist with Keller Williams Realty, Platinum award-winning Downtown living team with volume over $15 million in 2010 Keller Williams Realty – 445 South Fair Oaks Avenue, Pasadena, CA 91105. DRE#01889449 LOFT BARGAINS & NEWS — L.A. Loft Blog: http://www.laloftblog.com
Eastern Columbia Lofts Downtown Los Angeles for Sale and Rentals
Eastern Columbia Lofts in L.A. – Lofts and Penthouses for Sale and Rentals
EASTERN COLUMBIA LOFTS FOR SALE
EASTERN COLUMBIA LOFT RENTALS
Eastern Columbia Lofts for Sale
Adorned with stunning turquoise terracotta and gold leaf, the Eastern Columbia Outfitting Companies’ 13-story art deco retail tower was the pinnacle of opulence when it opened in 1930. Today, this zig zag moderne landmark on Los Angeles’ list of historic and cultural monuments dazzles anew – and offers buyers a timeless backdrop for urbane living.Spacious, sophisticated, urbane: each of Eastern Columbia’s 147 light-filled loft condominiums juxtapose luxurious contemporary upgrades and classic period details.
Equal measures of elegance permeate the entry court and sky-high pool deck, leisure terrace and fitness studio. Directed by internationally acclaimed interior designer Kelly Wearstler Interior Design (kwid) and award-winning architectural firm Killefer Flammang Architects, the detailed redesign brings new polish to Eastern Columbia’s faceted beauty.
Eastern Columbia Loft Rentals Downtown L.A.
Moments from Downtown L.A. hotspots like Staples Center, the Arts District and Disney Hall, Eastern Columbia towers over Downtown’s Historic Core. At the hem of the Fashion, Jewelry and South Park Districts, the Historic Core is the city’s authentic commercial downtown. Regaining their poise after decades of slumber, the neighborhood’s Victorian, Beaux Arts and Art Deco buildings are now home to residents, shops, restaurants.
There are usually some Eastern Columbia lofts available to purchase or to rent. All buildings have issues that buyers and renters need to know about ahead of time to help ensure a successful transaction. It is free to get help from a Downtown specialist Realtor(R).
Corey Chambers, REALTOR®
(213) 478-0499
corey@laloftblog.com
Corey Chambers is a Realtor® Downtown loft specialist with the Double Platinum award-winning Downtown L.A. team with volume over $15 million in 2010
Keller Williams Pasadena – 445 S. Fair Oaks Avenue, Pasadena, CA 91105
DRE#01889449
LOFT BARGAINS & NEWS – L.A. Loft Blog: http://www.laloftblog.com
EASTERN COLUMBIA LOFTS FOR SALE
EASTERN COLUMBIA LOFT RENTALS
BISCUIT COMPANY LOFTS DOWNTOWN LOS ANGELES RENTALS / FOR SALE
1850 INDUSTRIAL ST #310, LOS ANGELES ,CA 90021 LP: $2,450
For Lease (213) 478-0499 http://www.laloftblog.com
biscuit-company-loft-building
BR: 1 YB: 2007 BA: 1.00 APX SF: 980/VN POOL: Yes PKG: 1
SDEP: $2,450 Biscuit Company Lofts TERM: 1-Year DIRECTIONS: Corner of Industrial St and Matteo. One block north of 7th Street. One two blocks east of Alameda.
biscuit-company-pool
REMARKS: Great views from this amazing Industrial-style Loft in the heart of the Arts District. Wood Floors. High Ceiling. Lots of Windows and Light. Modern Kitchen with Stainless Steel Appliances including Refrigerator. In-unit Washer/Dryer. One Covered Parking Space. Additional Parking is available. Building amenities include Salt Water Lap Pool, Barbeques, Fitness Center and Dog Run. Church & State is on the first floor. Joe’s Market is across the street. Swill Wine Bar and Restaurant is next door.
biscuit-loft-310-view
ROOMS: Breakfast Area,Dining Area,Living,Media,Office
AMENIT: Controlled Access,Elevator,Exercise Room,Pool,Sun Deck
EQUIP: Built-
biscuit-company-loft-310
Ins,Cable,Dishwasher,Dryer,Garbage Disposal,Microwave,Range/Oven,Refrigerator,Washer
AIR: Central HEAT: Central
FLOOR: Hardwood LAUNDRY: Inside
FIREPL: None ROOF:
POOL: Community,Indoor TENANT PAYS: Electric,Gas,Move In Fee,Move Out Fee
PARK: Community Garage,Gated,Side By Side,Subterranean TYPE: Loft
VIEW TYPE: City Lights SEC: 24 Hour
To see this and other lofts in Downtown Los Angeles, call Corey Chambers – LAloftBlog.com – (213) 478-0499
Biscuit Company Lofts in Downtown Los Angeles
FHA Approved Downtown Los Angeles Lofts – Low Down Payment Purchase
For years, prospective Downtown loft buyers have faced big challenges of obtaining financing on mixed-use developments. Most lenders simply don’t want to take on the perceived risk of lending on live-work loft buildings. Many buyers had to put down 20% or even pay all cash recently to purchase most Downtown lofts for sale. The resulting decrease in value from lost potential buyers causes equity slide, a lower value for the property. Fortunately, this is changing as buying Downtown lofts just got a little easier.
Evo the latest Downtown loft building HUD approved for FHA/VA low down payments
Loft Living L.A. and Jon Eberhardt of Condo Approvals, LLC have been making inroads to easier financing of lofts. Eberhardt specializes in helping HOAs (homeowners associations) obtain HUD and VA approval for their buildings so that buyers can put down lower down payments. Owners benefit from the faster sales and higher prices that can be obtained when more buyers are able to afford the lofts for sale. For sellers, this could be the fastest way to increase the value of one’s own property without remodeling. Those who are thinking about selling should contact a member of the HOA to request HUD approval ahead of time.
A year ago, less than a handful of loft buildings were qualified for VA/FHA. Now the list is growing. When an HOA decides to increase the value of thier properties by gaining HUD acceptance, it is usually completed in just 30 days for less than $1,000. The value to the HOA can be hundreds of thousands, even millions of dollars. The increasing prevalence of FHA & VA loans are expected to have a direct noticeable impact on Downtown real estate.
So, here is the list of FHA approved Downtown loft and condo buildings as of 1/17/2012:
Evo, Elleven, Luma, Market Lofts, Mura, Tokyo Villas, Alta, Gallery – Buyers should call Corey (213) 478-0499 to request an updated list
How to immediately increase the value of your property:
Anyone who is concerned about their HOA or property value should watch this Loft Living L.A. video interview with Eberhardt about getting FHA approval:
To see FHA, VA and other low-down-payment lofts for sale in Downtown Los Angeles, contact:
Downtown Los Angeles Loft Real Estate Specialist Realtor
Corey Chambers, REALTOR®
(213) 478-0499
corey@laloftblog.com
Corey Chambers is a Realtor® Downtown loft specialist with the Double Platinum award-winning Downtown L.A. team with volume over $15 million in 2010
Keller Williams Pasadena – 445 S. Fair Oaks Avenue, Pasadena, CA 91105
DRE#01889449
Condos and Lofts in Pasadena – Our New Broker is Keller Williams Pasadena
Find a loft or condo in Pasadena. As Loft Living L.A. has grown, we have recently moved up to a larger Keller Williams broker in Pasadena. With some of the most powerful resources in the world, the Keller Williams Pasadena broker provides us with awesome tools and superior knowledge base that will help our clients accomplish some amazing real estate transactions in 2012.
Ostrich Farm Lofts in Pasadena, CA
While our team still lives and works in Downtown Los Angeles, we are at the Pasadena broker office frequently, and are now more available to help all types of condo seekers in Pasadena and South Pasadena.
The area is home to some loft buildings such as the 50 West Dayton Library Hall Lofts, Pasadena Collection East and West, Holly Street Village, Ostrich Farm Lofts, Raymond Renaissance, Alta Lofts and others.
Lofts Downtown Los Angeles specialist Realtor (626) 956-1356
To see these and other condos in Pasadena, contact Corey (626) 956-1356 or email kwpasadena@yahoo.com
Affordable Lofts SELLING OUT – Last Chance to Own a Big, Bright Loft in Downtown Los Angeles
BUY A LOFT IN DOWNTOWN LOS ANGELES WITH LOW DOWN PAYMENT – ALMOST SOLD OUT
Loft for sale in Downtown Los Angeles – Almost Sold Out
For those who need a low down payment around $5,000 to $10,000 or less, time is running out to get a nice loft in the Downtown Los Angeles area. The large lofts over 1,000 square feet with plenty of windows and light around $200,000 are almost gone. Whether new Downtown residents are looking to rent or to buy, the best lofts will likely be sold out by the end of the year.
BIG BRIGHT LOFTS LOW DOWN PAYMENTS – ALMOST GONE
Downtown L.A. has been running out of loft inventory, with a smaller and smaller selection and rising prices since the end of 2010. Most rental buildings Downtown are nearly full and have already started raising rents. While home affordability is at a record high, the best lofts for sale are almost all gone.
HOT PROPERTY – Affordable lofts in up-and-coming Rivertown Downtown L.A. community – nearly sold out
The up-and-coming Rivertown plan has just been release for the little-known neighborhood near the Brewery Lofts. The area is home to the only new loft development with FHA 3.5% down financing. To find out all about Rivertown, call Downtown Specialist Realtor® Corey Chambers (213) 478-0499 to make an appointment to see the lofts.
Those with moderate incomes under $65,000 absolutely must buy now if they want a big, bright loft. Contact a Downtown specialist Realtor to help you find and negotiate an unbelievable deal on a great big loft.
Those who are sold on the idea of renting in Downtown are sure to see increasing rents. But those who are able to take advantage of today’s low purchase prices will find a big, loft with lots of windows and light, along with a bright future.
Downtown Los Angeles Loft Real Estate Specialist Realtor
Corey Chambers, REALTOR®
(213) 478-0499
Business Hours: 9 AM to 8 PM every day
corey@laloftblog.com
http://www.LAloftBlog.com
Loft Living L.A., 1308 Factory Place, #112, Los Angeles, CA 90013
Corey Chambers is a Realtor® Downtown loft specialist with Loft Living L.A., Keller Williams Pasadena
Double Platinum award-winning Downtown living team with volume over $15 million in 2010
Keller Williams Pasadena – 445 S. Fair Oaks Avenue, Pasadena, California 91105
DRE#01889449
LOOKING TO BUY A LOFT? Get started with our free buyer consultation:
http://www.LivingOutrageouslyForToday.com?corey
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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. This post is an archive backup for historic purposes, not intended to represent current information. Portions have been updated, but most is historic archive. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.