It is perhaps the most troubled and challenged loft building in Downtown Los Angeles.
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.
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Easily browse all LA lofts and condo buildings in Downtown Los Angeles, loft Communities with this Alphabetical Index. Active Listings properties, Maps, Pictures and more for each LA Loft & Condo !
RENTAL LOFTS AND APARTMENTS (for help with rentals, visit LAloftTour.com)
Roosevelt Lofts Downtown Los Angeles
717 Olympic – 717 W Olympic Blvd, 90015 8th and Hope – 801 S. Hope St, 90017
American Cement Building Lofts – 2404 Wilshire Blvd, 90057 Apex – 900 S Figueroa St, 90015 Ava Little Tokyo – 236 S. Los Angeles St, 90012 Avant South Park – 1360 S. Figueroa St, 90015 AVANTdowntown.com
Artisan on 2nd – 601 E 2nd St, 90012
Binford Lofts – 837 Traction Ave, 90013 Blackstone – 901 S Broadway, 90015
Brick Lofts – 652 Mateo St, 90021 Broadway Lofts – 430 S Broadway, 90013 Brockman Lofts – 530 W 7th St, 90014
Canvas L.A. – 138 N Beaudry Ave, 90012
Chester Williams – 215 W 5th Street, 90013
City Lights on Fig – 1300 S Figueroa St, 90015 Chapman Flats – 756 S. Broadway, 90014
Continental Lofts – 408 S Spring St, 90013 Eighth and Grand – Grand Ave, 90017 Elysian – 1115 Sunset Blvd, 90012 Emerson – 225 S Grand Ave, 90012 Emil Brown Building – 308 East 9th St, 90015 Factory Place Lofts – 1308 Factory Place, 90013 Garey Building – 905 E 2nd St, 90012 GareyBuilding.com
Grand Central Square – 306 W 3rd St, 90013
Gas Company Lofts – 810 S Flower St, 90017
Great Republic Lofts – 756 S Spring St, 90014
Hellman – 411 S Main St, 90013 Jeffries Lofts – 117 Winston St, 90013 L.A. Loft Tour – (213) 478-0499 http://www.LAloftTour.com
Lacy Studio Lofts – 2664 Lacy St, 90031 LEVEL DTLA – 888 Olive St, 90015 http://www.LEVELDTLA.com
Long Beach Avenue Lofts – 1250 Long Beach Ave, 90021
Medallion – 334 S Main St, 90013
Medici – 725 S Bixel St, 90017 MegaToys Lofts – 905 E 2nd St, 90012 Mercantile Lofts – 620 S Main St, 90013
Met Lofts – 1050 S Flower St, 90015
Metro 417 – 417 South Hill Street, 90013
Metropolitan – 315 West 5th Street, 90013
Milano Lofts – 609 S Grand Ave, 90017
Mozaic at Union Station – 888 N Alameda St, 90012
Museum Tower – 225 S Olive St, 90012 One Santa Fe – 1 Santa Fe, Los Angeles, CA 90012
Orsini Apartments – 550 N Figueroa St, 90012
Pacific Electric Lofts – 610 S Main St, 90014 Packard Lofts – 1000 S Hope St, 90015
Pegasus – 612 S Flower St, 90017
Peterson and Tansey Lofts – 1250 Long Beach Ave, 90021
Piero – 312 E 12th St, 90015
Promenade Tower – 123 S Figueroa St, 90012 Roosevelt Lofts – 727 W. 7th St, 90017
San Fernando – 400 S Main St., 90013
Santee Court – 716 S Los Angeles St, 90014 SB Grand – 312 W. 5th St, 90013
South Park Lofts – 818 South Grand Ave, 90017 Spring Arcade – 541 S Spring St, 90013
Union Lofts – 325 W 8th St, 90014
Visconti – 1221 W 3rd St, 90017 Watermarke Tower – 705 W 9th St, 90015
For more help with three times as many rentals, visit LAloftTour.com
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