Lofts Downtown Los Angeles – Page 188

Lofts For Sale and For Lease

Historic Lofts with views and convenient parking at Textile Lofts Building in the Fashion District — Historic Lofts with views, convenient parking at Textile Lofts Building in Fashion District

The City of Los Angeles Adaptive Re-Use Ordinance has created opportunities for renters and home buyers to enjoy life in an awesome urban abode that is centrally located near hip coffee shops, stylish restaurants, new entertainment and metro transportation. Check out the new public rental FUN SCOOTERS by Uber Jump, Bird, Lime and Razor. #loft #apartments #losangeles

CONVERTED LOFT APARTMENTS LOS ANGELES: FOR LEASE

Revitalizing neighborhoods of Downtown Los Angeles, along with other energetic communities with old Downtown districts like Santa Monica, Hollywood, Pasadena and Long Beach all have selections of #converted loft apartments to choose from. The popular pads range in size from around 400 square feet to more than 2,000 sq ft. Many of the industrial style lofts have concrete elements of character while others include historic office buildings with original brick, ornate architectural components. Many have high ceilings, oversized windows with city views, while a few have exposed steel i-beams. Many of these conversions are live/work loft units where much serious creative work can get done efficiently, some come with mezzanine upstairs for excellent bed area separation. | LIST OF L.A. LOFT APARTMENTS

The creative energy shines at Alta Lofts

The concrete lofts like Toy Factory and Alta Lofts tend to have concrete floors. Most already have been upgraded with modern kitchens, often with stainless steel appliances, updated bathrooms, and the most recent conversions tend to all have in-unit washer/dryer.

For those who need a good investment, Mills Act historic lofts have delivered fantastic tax benefits, with homeowners reporting up to 66% property tax savings.

Lofty historic character of Urth Caffe by Barker Block Lofts in the Arts District

Neighborhoods in DTLA with the most loft conversion apartments include the Historic Core, Arts District, Fashion District, Pershing Square and South Park.

Get a free list of Converted Loft Apartments in Los Angeles. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/m1mf35y118viszg/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Character comes through with private balconies, original brick and immense bolted steel i-beams at Pan American Lofts — Turn-of-the-century historic character comes through with private balconies, original brick and immense vertical bolted steel i-beams of Pan American Lofts

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. LIST | COMMENT

Real Estate News

Loft Wars (Downtown Los Angeles) — Winners and losers diverge as the DTLA real estate market shifts into a more challenging reality. December was the worst urban L.A. real estate market since 2008 in terms of number of monthly transactions completed. That downturn increases the likelihood of pressure toward a home price slide in 2019. #dtla #realestate #news

Location and Presentation: Art District industrial loft with Edison lights and interior that is The Bomb! — Location and Presentation: Arts District industrial loft upgraded with Edison lights — interior is The Bomb! Dazzles long-term tenant and happy landlord.

At the onset of a buyer’s market and possible recession, the first dominos to fall are the unpopular, low-quality, uneconomical and poorly presented properties.

This article will take a close look at how buyers now differentiate the good from the bad, the winners from the losers.

We won’t show photos of the losers, but here’s the scoop on a few of the most challenged condos in Downtown:

In a building that has only seen 3 successful closings out of the last 11 listings, we’ll examine the units to determine why three sold successfully, why 8 of them have not, and why 1 unit got an accepted offer in less than 2 weeks. Promenade West in the Bunker Hill neighborhood, while a very clean and respectable condo complex, can suffer from a somewhat stodgy 80s style, and, while designed to be a luxury condominium, is constricted by ordinary low ceilings while it also lacks in-unit laundry. While most units either have not sold at all or have taken around 2 months to sell, one unit recently flew off the shelf because it was beautifully updated for a modern look, priced right and promoted with special marketing including live streaming open house webcasts, along with a unique Guaranteed Sale Program.

DEFEATED: One of the many “loser” units in the building was overpriced, had non-updated bathrooms with brassy trim, mirrors galore from the 80s, aged oriental window treatments and left-over furniture stranded in the unit. When the overconfident seller failed to immediately accept a lucky reasonable offer, the offering buyer immediately switched and purchased a much lower priced unit in the building instead. The lose-out listing was canceled as the frantic seller scrambled to re-think and figure out how to unload the laggard condo unit.

Best of luck to that seller! And congratulations to the seller of winning unit 412!

As the market transmutes to a buyer’s market, sellers tend to make more and more costly mistakes such as over pricing, then chasing down the market (an expensive losing race). Recently, unnerved home sellers have hired real estate agents, salespersons with restricted licenses, violent criminal backgrounds, out-of-area agents and discount agents who repeatedly list, withdraw and re-list in efforts to try to pull one over on the market. These crude efforts only slow down the sale, and cost the seller valuable time and money. Unfortunately, sellers are likely to make even worse mistakes as the market slips.

To conclude, here’s a big hint for ALL Downtown Los Angeles loft and condo sellers. DTLA is today inherently a LUXURY market, which means that every condo deserves to be modernly updated, bright and cheerful, properly presented and marketed at the highest level for prompt, maximized results.