LAWSUITS AND LITIGATION
A request from an L.A. Loft Blog reader asked about the status of litigation and lawsuits pertaining to one of Downtown Los Angeles’ most respected condominium buildings. #1100wilshire #litigation #lawsuit
In addition to a spectacular rooftop pool deck, 1100 Wilshire is a modern luxury soft loft highrise condo tower with other top amenities. And it’s within walking distance of Restaurant Row, Target and L.A. LIVE. Here’s an update on the current legal status of the HOA Homeowners Association ( 1100 Wilshire POA Property Owner’s Association ) and the lofts. Here’s what we know:
Ongoing litigation may preclude some financing options. Buyers to verify.
The L.A. Loft Blog has investigated the current ongoing litigation to see how much might be related to old information that we had received regarding issues of: Dispute regarding — shared parking, Chase Bank lease, Chase Bank sign, new highrise building construction across the street south of 1100 Wilshire, injury from elevator door. Those are mostly old, settled issues, but there are 4 different claims currently:
1.) 1100 Wilshire POA v. 1100 Wilshire Commercial LLC, 1100 Wilshire Garage LLC regarding guest parking area;
2.) 1100 Wilshire POA v. City of Los Angeles, City Central Area Planning Commission, et al regarding city planning of parking spots;
3.) 1100 Wilshire Commercial LLC, et al. v. 1100 Wilshire POA regarding gym vibrations effect on commercial tenant;
4.) Adam Tischer v. 1100 Wilshire POA, et al regarding removal of board member.
To get the 1100 Wilshire Pending Litigation Disclosure, use the form below. If anyone has further details or questions, please leave a comment. | COMMENT
More than 25% of all condo listings for sale in Downtown Los Angeles pertain to a building that is currently or recently involved with a lawsuit. Litigation affects the home value, and may impede the ability for buyers to obtain mortgage home loan financing.
Get a free litigation summary, along with a list of lawsuits, litigation lenders and other legal information for Downtown Los Angeles lofts and condos. Fill out the online form:
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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. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker. | COMMENT