Real Estate Market – Page 41

Bartlett Building historic Mills Act live/work loft in escrow two days after we mailed Just Listed postcards.

Hot Properties For Sale in Downtown Los Angeles | Blog Video

REAL ESTATE NEWS — The coolest loft in Downtown L.A. under $500,000 just accepted an offer. Unit 1210 at the Bartlett Building is still showing for back-up offers. With tremendous character and super high ceilings, the historic Mills Act condo is selling much faster than the average in DTLA.

Here are this week’s Top 10 Hot Homes for sale in and around Downtown LA:

1133 S Hoover St #103

1830 Vineburn Av

1616 W 24th St

Before buying or selling a home, know the investment potential and any issues. *Get a free Building* Report.

FREE BUILDING REPORTS — Get a free report on any loft, condo, building or house. It includes information about lawsuits, litigation and other critical issues in the building that prospective home sellers and buyers need to know about in advance. Request a building report. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/zhv6kyc10xzv4h/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Hot Home: A full asking price offer was accepted the day after this Just Listed post card was mailed.

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.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

HOME PRICES DROP (Downtown Los Angeles, CA) — February urban L.A. home values are down significantly from a year ago, with fewer properties sold, taking longer to sell, selling at lower prices, and less total home sales. The median price dropped by a significant 14.2%. Each property took 18% longer to sell, according to the MLS agents multiple listing service for Downtown and nearby loft neighborhood areas 23, 42 and 1375, comparing last month to the same period of the previous year. Compare February: #marketreport

2020: 37 properties sold; 73 average days on market; $620,000 median price; $26 million total volume

2021: 35 properties sold; 89 average days on market; $532,000 median price; $22 million total volume

READER QUESTIONS

Q: DTLA Building Report, ShyBury Grand – Investment Report, Lawsuit. Request: How many of the units are rented vs being owned by private residences. — Teri A: Thank you for your request. SB Grand has a high renter ratio, likely around 60% or more renters. The HOA has approved a large renovation project for the building. No record found regarding current litigation, but there may be undisclosed litigation. The building exterior will be repainted, lobby and hallways completely redone, rooftop painted and new furniture installed. Building is currently undergoing cosmetic facelift with no special assessment or increase in HOA dues expected. Call for more details 213-880-9910.

Get building report with valuable information on litigation, lawsuits and investment info. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/q2oe5wl1mvkqp9/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

Category: Real Estate Market

Hot Homes

Downtown Los Angeles Real Estate Market Report February 2021 #realestate #dtla

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