To help those who are considering making a move in the coming months, the L.A. Loft Blog presents the real-life true stories of loft buyers and sellers who have both just closed escrow on their Downtown lofts. #lofts #dtla #sold

Just Purchased loft in Downtown Los Angeles

TALE OF TWO LOFTS

The buyer of the Elleven loft at 1111 S Grand Ave, Michael Logan, originally began his search on the L.A. Loft Blog looking for a Mills Act historic loft, but instead found that the sunny, south facing Elleven loft in South Park was brighter with its wall of windows, more beautiful yet more practical, and a better deal as the price has been depressed slightly due to a recently settled lawsuit and lots of construction in and around the building. He also liked that the unit was further away from the homeless shelters, and closer to L.A. Live and Ralph’s Market.

Gianna Ward, the seller of the small Pershing Square SB loft at 312 W 5th Street had been a landlady renting out her unit that she owned to guests on AirBnB, but she had enough of the management work that it entailed, along with the extra costs and havoc associated with short term renters when more damage occurs such as costly plumbing issues.

Both escrows just closed with pleasant negotiations and no bickering during the light and easy holiday real estate season in DTLA. Michael, the buyer of the Elleven lofts is an art industry professional who loves Downtown, while the seller of the SB Grand is relieved to stop the work and headaches of managing a short-term rental, and to instead gain new cash liquidity for more enjoyable things in her now lighter, more care-free life. Congratulations to each on the successful loft transaction that just closed escrow!

The busy Downtown real estate season is beginning in just days as eager buyers come from all over starting around January 2. See all properties, listed and unlisted, recently sold around Downtown Los Angeles:

DOWNTOWN SOLD PRICES | SOLD UNLISTED | RECENTLY SOLD ALL | MORE

Find out what your neighbor’s loft sold for. Get a FREE list of recent condo sales in Downtown Los Angeles. Did you know that up to 45% of Downtown lofts sold in the last three years were off-market, unlisted and other pocket listings not on the MLS? To receive a detailed listing of all recent home sales and all active listings in your area, visit http://www.lacondoinfo.com/gold_findout.asp, CLICK HERE or fill out the form on this page:

<a href="https://laloft.wufoo.com/forms/qbg942419l39cs/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

Recently SOLD in Downtown Los Angeles

Downtown LA Lofts and Condos That Have Sold in the Last 30 Days

When it comes to home values and knowing the current market, there is no better way to keep it real than by looking at what hard-working Americans recently paid with their hard-earned cash. This list of recently sold Downtown properties is just that:

Recently SOLD IN DOWNTOWN LOS ANGELES

Highest Price | All Recently Sold | MORE

Avoid 6 Costly Errors When Moving to a Larger Home and Save Thousands

Unlike the experience of buying a first home, when you’re looking to move-up, and already own a home, there are certain factors that can complicate the situation. It’s very important for you to consider these issues before you list your home for sale. Not only is there the issue of financing to consider, but you also have to sell your present home at exactly the right time in order to avoid either the financial burden of owning two homes or, just as bad, the dilemma of having no place to live during the gap between closings.

Get the free report with Six Strategies at http://www.MoveUpLA.com

LOFT & CONDO LISTINGS DOWNTOWN L.A. [MAP]

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 Names have been changed to protect privacy. 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.

REAL ESTATE NEWS

More millionaires and billionaires were made in 2017 than any other year in history. Some of them right here in Downtown Los Angeles. For the L.A. Loft Blog, this has been our best year ever. But, when opportunity knocks, the average person does not usually hear it. While those with rising wealth always have a eye out for possibilities, the average middle class and struggling person is too busy trying to survive. They are focused on living for today or just making next month’s rent, so they pass up on the opportunities for rapid growth. Personal growth is also limited by negative thinking. That is why changing our thinking is always the first step to making a quantum leap in personal wealth. The 2nd step is positive action. #realestate

When the L.A. Loft Blog foretold of real estate that was so cheap that homes purchased in 2011 would turn out to be the closest thing to a free home, a few took advantage and purchased Downtown lofts for around $150,000 that have nearly tripled in value to $400,000 just 6 years later. For one’s net worth, that kind of equity growth is much better than a free home. In another instance, when the L.A. Loft Blog started the new year on January 2 by informing of the Top 10 best real estate investments followed by the Top Ten non- real estate investments, a few took advantage and purchased the #1 investment on the list, Bitcoin. Those who did saw each $1,000 turn into today’s $17,000. Let’s rejoice in one of the best investments in history! #bitcoin

Even so, some still think it’s a bit crazy and disconnected to discuss Bitcoin and real estate in same blog post. Their thinking will of course prove to be short-sided as Bitcoin and real estate are already coming together. This year, the first recorded Bitcoin real estate transaction took place in Texas. Some websites are now listing real estate for sale with Bitcoin asking prices.

Today, our research shows that a major price adjustment is likely very soon for Bitcoin, so we are informing L.A. Loft blog readers that it is smart to invest just a little to learn about quickly evolving cryptocurrencies. #millsact

The tangible, useful benefits of real estate cannot be replaced by a Bitcoin, but in the future, a single Bitcoin will buy a beautiful home. That same home will later prove to be a better investment for the super long term as the original Bitcoin will return to its origin near nothingness.

Today, we are also informing that home prices will likely show some kind of plateau or down correction in the coming years, but home ownership will still be a much better deal and a far better investment than renting for the vast majority as the net worth of home owners has skyrocketed.

El Dorado Lofts Historic Core — Historic Mills Act Lofts Property Tax Benefits

Those who prefer to rent can still take advantage of Bitcoin and real estate. Several Loft Blog readers have taken advantage and purchases multiple rental income homes across the U.S. under $50,000 each.

The window of opportunity is always open somewhere, this is especially true in the revitalizing neighborhoods of Downtown Los Angeles.

Opportunities are knocking in Downtwon Los Angeles!

Investors and first time home buyers don’t want to miss new construction, Mills Act, distress sales, bank owned, for sale by owner, expired, foreclosures, REO, company owned, estate sales, probate sale, escrow fallouts, cancelled contracts, expired listings, listings on hold, vacant homes, divorce sales, auctions, pre-auctions, pre-foreclosure, raw loft, off market, private listings, unlisted lofts, pocket listings, need-to-sell now homes and unclaimed homes. Other homes have big advantages with low HOA dues or reduced property taxes.

There are still some underpriced Mills Act homes in Downtown Los Angeles that offer big property tax benefits for helping to maintain beautiful historic buildings. Get a free list of Mills Act lofts. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/ze1qfwn1rrhoda/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN L.A. [MAP]

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.

Category: Downtown Los Angeles

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