Author: laloftblog

Corey Chambers, Broker Entar® Real Estate and Investment Technologies 4 Big Reasons to Call the Chambers Team to Sell Your Home: #1 We'll Get You More Money - Chambers Team gets you 2.2% more of the asking price #2 We'll Sell Your Home Faster - Chambers Team sells homes 44% faster #3 More Likely to Sell - Chambers Team homes are 16% more likely to sell #4 We've got more than 4,700 buyers in our Data Base looking for a home To find out how much you can sell your home for and how long it will take, call Corey at (213) 880-9910 *seller and Corey must agree on price and time of possession. Licensed in California DRE#01889449
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SB Grand – Troubles and Triumphs of an Historic Loft Building

SB Grand

It is perhaps the most troubled and challenged loft building in Downtown Los Angeles.

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With more than 50% renters, the mixed-use condominium, commercial and rental apartment building has previously had difficulty obtaining any home financing.  For years, all transactions had to be cash only.  Today, the situation has improved, as a precious few lenders will finance the building with 20% down or more.

Outside the building, the sidewalks are frenetic and sometimes frantic as the homeless, near homeless and other busy Downtowners go to and fro, and also loiter around Metro station next door. Occasionally, the homeless will drop in front of the door from drug overdoses or mentally ill will shout threatening verbiage, only to be quickly arrested by plain clothes metro police.

The large number of renters who live in the building can be fun, feisty and more flaky than the condo owners, with just a bit more littering in the building and with cigarette butts dropped on neighboring balconies below.

The homeowners are in a somewhat precarious position as SB Grand has had more homeowners fail to pay HOA dues, and the HOA Homeowner’s Association lacks some of the paperwork that most HOAs provide to sellers and buyers.

The L.A. Loft Blog has received word that a 710 sq ft loft with a view and bed area separation may be coming onto the market soon. The units sometimes come up for sale first as a pocket listing.

For sellers in the building, they may need to allow for longer selling times as several recent transactions have taken between 134 and 234 days to close. Many agents are not aware of the lenders who will provide mortgages for buyers of SB Grand lofts. Failed lending is one of the most common disasters in SB Grand home sales. It is easy to prevent by using an agent who has provided faster-than-average transactions in the building.

Find out about unlisted lofts, pocket listings and other off-market properties in Downtown Los Angeles. Get a free list with pictures and descriptions. Fill out the online form:

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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Shake Shack Coming Soon to Downtown Los Angeles

Tens of thousands of new residents, along with hundreds of shops, bars, pubs, entertainment venues and transportation hubs have been pouring into Downtown Los Angeles for more than 10 years now.  Coming to 801 S Hill St, Los Angeles, CA 90014, The latest exciting addition to the Downtown fun is also one of the most delicious.

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Shack Shack has announced that a new location will open in DTLA this year.

Shake Shack is a critically acclaimed, modern day roadside burger stand known for its 100% all-natural, antibiotic-free Angus beef burgers (no hormones added ever), griddled-crisp flat-top dogs, fresh-made frozen custard, crinkle cut fries, complete with beer and wine. A fun and lively community gathering place with widespread appeal, Shake Shack has earned a cult-like following around the world.

“We’ve heard from our West Coast fans for years that they’d love a Shake Shack in California, and at long last, we’re delighted to say Shake Shack LA is on its way,” said Randy Garutti, Shake Shack CEO. “Los Angeles is one of the greatest cities in the world with a culture like no other, and we look forward to being a part of the community.”

The new location will be in Downtown’s Historic Core near Broadway, Old Bank District, South Park and the Financial District.

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

–shake-shack