Category: Lawsuits

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Evo Lofts Update 1155 S Grand Ave, Downtown Los Angeles 90015

 Loft Condo Update

EVO LOFTS FOR SALE   |   FOR LEASE   |   UNLISTED LOFTS

Evo lofts building is currently involved with some type of litigation, probably the typical Homeowner’s Association lawsuit against the developer for construction defects.  There is a good chance the claim was actually sparked after some homeowners recently panicked because Oceanwide Plaza construction was breaking ground to interrupt Evo’s views of Staples Center and the West Side.  The L.A. Loft Blog recently provided unconfirmed reports that Oceanwide Plaza construction is currently on hold.

Chic Contemporary Space in the EVO Building. Spectacular City-light views, Lots of Windows and Light. Modern Kitchen with Stainless Steel Appliances inc Refrigerator.  Wood floors.  In-unit Washer/Dryer. Covered Parking.

Many buyers are not aware of the common benefits of lawsuits.  The most common results is that the home price drops during the litigation and then usually pops back up after the litigation is settled. The overall results tend to be negative for the seller and a positive for the buyer when a purchase is made during the litigation. During a lawsuit, there is often more inventory available, and at bargain price because the sellers are worried, most buyers can see the risk, yet they are not aware of the rewards. The reward for buying during a lawsuit is that the buyer will likely get extra gain on equity after settlement.  This usually happens within a few years, and often within just a few months.

One example of a bargain property that can offer greater return on investment is this Evo 12th floor 900 sq ft luxury condo loft unit with spectacular views on the east side. This unit for sale is off-market. For information on all listed and unlisted Evo lofts for sale, call (213) 880-9910.

Here’s a video walkthrough of the unlisted Evo loft for sale:

Get information on Evo homes for sale, unlisted Evo condominium units, loft lenders and litigation lenders that can finance Evo lofts during a lawsuit. Fill out the online form:

 

The modern soft loft condominium homes at Evo were created to inspire with abandon, using beautiful materials and modern palettes that are impressive, yet comfortable, and offer a truly on-of-a-kind statement of design and sophistication.

GET A FREE HOTLIST OF SECRET LOFTS AND CONDOS IN DOWNTOWN L.A.

Boundless in design, every finish and detail was given fresh through from the Evo creative team. The result is home interior adorned with materials, finishes and appliances that are unlike anything you’ve seen before. The Evo home is truly a one-of-a-kind statement of design, functionality and modern sophistication.

  • Designer stainless steel refrigerator
  • Performance Bosch stainless steel oven, cooktop and dishwasher
  • Rich wood cabinetry in matched colors: stained walnut or natural Jequitiba, White Oak, Teak, CaesarStone slab countertops in a selection of patterns” Blizzard, Oyster, Savannah, Expresso
  • Matched CaesarStone backsplash
  • Integrated Kohler under mount steel sink
  • Expansive Millennium hardwood floors in for custom colors:
  • — Natural White Oak, Stained White Oak, Doussie, Merbau
  • Nature’s Choice carpeting — Bone, Wheat, Bark
  • Outdoor terrace or balconies with glass or metallic railings
  • Voluminous ceilings with heights up to 11 feet
  • Spacious walk-in closets
  • Utility room with washer and dryer hookups
  • Prewiring for phone and data
  • Designer-matched Kohler sink, tub and fixture package
  • Warmly textured limestone slab countertops
  • Duravit vessel sink and pedestal in powder room
  • Sleek wood cabinetry in matched colors” Stained Walnut or Natural Jequitiba, White Oak and Teak
  • Elegant slate tile flooring in a selection of tones” Woodland Green, India Forest Green, Strata Grey
  • Arctic White Dal tub/shower wall tile

PENTHOUSE UPGRADES

  • Viking Designer Series 36″ stainless steel refrigerator
  • Viking Designer Series cooktop and convection oven
  • Built-in stainless steel GE Monogram wine cooler
  • Wood cabinetry in matched colors” stained walnut or natural Jequitiba, white oak, teak
  • Luxurious Calcutta “Ora” marble slab bath countertops
  • Calcutta “Ora” marble floor tile
  • Codfrey Hirst “Wool Creation” carpeting” Fleece, Sunset, Antique Beige
  • Designer selection of Kohler bath fixtures

Evo’s lush amenity collection is unrivaled by any in downtown. It brings resort-style indulgences right to your doorstep. Private amenities include the sixth-floor sun deck and pool with furnished gathering areas and an outdoor entertaining kitchen, the Two-Forty rooftop lounge with an outdoor terrace and fireplace overlooking the skyline, and the state-of-the-art fitness studio on the 24th floor with a glass wall of horizon views.

Evo also offers resident services and an on-site concierge by beverly Hills Concierge. This provides you with towel service at the pool and fitness studio, instant access to restaurant reservations, theatre and concert ticket purchasing, personal trainers, in-home spa services, catering and party planning, dry cleaning, dog walking and pet sitting, housekeeping services and more.

Evo has been created as one of the most sustainable, smart and eco-friendly buildings in the entire country. In fact, Evo is the first high-rise residence in downtown Los Angeles to be certified LEED Silver by the U.S. Green Building Council and is being looked to by officials and architects as  the construction standard of the future. To accomplish this, Evo was created with an abundance of renewable and recyclable materials, energy-saving systems, improved interior air quality, environmentally responsible construction techniques and an intelligent approach to neighborhood growth and planning. All of which add value, health, responsibility and vision to your home.

Location:  1155 S Grand Ave, Los Angeles, CA 90015

Historical Perspective

  • Actual Year Built: 2008
  • Effective Year Built: 2008

Evo Sales and Leasing Information:  (213) 880-9910

GET PRIORITY ACCESS TO SECRET, UNLISTED LOFTS IN DOWNTOWN!
http://www.LAloftBlog.com

 
Corey Chambers, Realty Source Inc.  DRE#01889449
Licensed in California. All information provided is deemed reliable. However, the information is not guaranteed, and it should be independently verified. Properties subject to prior sale or rental.
 

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L.A. Loft Laws – City of Los Angeles Adaptive Reuse Ordinance

LA Loft Laws, Lawsuits and Other Issues  #adaptive #reuse
Construction of Lofts Los Angeles
Construction of Lofts Los Angeles

The Adaptive Reuse Ordinance has become one of the most significant incentives related to historic preservation in Los Angeles, facilitating the conversion of dozens of historic and under-utilized structures into new housing units. The Ordinance was originally approved in 1999 for downtown Los Angeles and was extended into other neighborhoods of the city in 2003. It provides for an expedited approval process and ensures that older and historic buildings are not subjected to the same zoning and code requirements that apply to new construction. The result has been the creation of several thousand new housing units, demonstrating that historic preservation can serve as a powerful engine for economic revitalization.  Today, nearly all of the converted lofts have been sold, and there are now very few in the development pipeline, if any.   |   LAWSUITS AND LITIGATION

Los Angeles is a city of innovation and reinvention, and no city policy embodies those principles more than the Adaptive Reuse Ordinance. The Adaptive Reuse Ordinance allows for the conversion of commercial buildings to new uses including apartments, condos, live/work lofts, retail and hotels. When buildings are brought back to life through adaptive reuse, they revitalize neighborhoods by preserving our historic architecture, creating new housing and mixeduse opportunities, and increasing public safety. Adaptive reuse enhances economic growth in urban and commercial cores. The Adaptive Reuse Ordinance originally focused on Downtown, and the results have been truly dramatic. That success led us to expand adaptive reuse citywide, and it’s helping revitalize neighborhoods across the city. The Adaptive Reuse Team helps projects navigate through the permitting and development process as well as qualify for tax credits and other financial incentives.  #laloft #laws

All buildings in Downtown Los Angeles have problems or issues that prospective buyers should know about before going to look at lofts for sale.

Please do not hesitate to contact them with any questions you may have or to receive any help that you need.   |   LOFT PROBLEMS

GET A FREE HOTLIST OF SECRET LOFTS AND CONDOS IN DOWNTOWN L.A.

The City provides a handbook that assembles in one location the regulations the City of Los Angeles has adopted to encourage “adaptive reuse”—the conversion of existing buildings to new residential uses, including apartments, condos, live/work units, and hotels. The City’s Adaptive Reuse Program works by streamlining the process developers must follow to get their projects approved, resulting in substantial time saving. The Program’s first component, a set of land use ordinances, relaxes parking, density, and other typical zoning requirements. Through fire and life safety measures, the Program’s second component provides flexibility in the approval and permitting process. Since the initial Adaptive Reuse Ordinance and fire and life safety measures went into effect in 1999, over 6,500 units have been completed, or are currently under construction. An additional 4,000 units are in the development pipeline. Based on many successful downtown projects, in 2003 the City expanded the program to cover parts of Hollywood, Mid-Wilshire, Koreatown, Chinatown, Lincoln Heights and Central Avenue. A Zoning Administrator process was also established to enable case-by-case review of adaptive reuse projects citywide. In response to various questions raised by the development community, several clarifying interpretations were also issued, and the fire and life safety measures were updated. Get more info on Adaptive Re-Use Ordinance here.  Some historic loft buildings offer significant property tax discounts under the Mills Act.

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Mike P. enjoys his industrial loft conversion that was not listed on the MLS. LAloftBlog.com
Mike P. enjoys his industrial loft conversion that was not listed on the MLS. LAloftBlog.com

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.