Real Estate News – Page 216

November 23, 2016

Johnny Depp Sells Another Eclectic Downtown Los Angeles Penthouse Loft for $3.9 Million

Now Available For Sale, the DTLA penthouse condo units crown the Eastern Columbia Lofts, one the city’s most dramatic structures.

After recently disposing of the first and biggest of his five eclectically adorned penthouses in the Eastern Columbia Lofts, a landmarked Art Deco building in downtown Los Angeles, Johnny Depp has sold a second unit for $3.90 million. The $1,287.50 per square foot price sets a record in the Historic Core district of DTLA.

The 2-story corner condominium unit, Penthouse 3, includes 2,400 square feet with chevron-patterned hardwood flooring, dramatic chandelier lamps, tufted lounge, bold green walls, and high ceilings. It comes with with a rooftop garden, skyline views and enclosed private terrace that provides direct access to the building’s common area rooftop deck with a pool, spa, and fitness center with a view.

The actor purchased all five penthouses for about $7.2 million between 2007 and 2008, keeping the original layouts.

It’s not clear whether Mr. Depp, 53, decided to list the properties as a result of his divorce from actress Amber Heard, 30. Real estate professional Kevin Dees, son of famous Los Angeles radio host Rick Dees, is the listing agent.

Fans say that Depp is doing the right thing. “Get rid of the stain that was Heard, the cheap skank isn’t even getting the 7 million divorce settlement LOL” spouted one online loudmouth, calling the divorce a “smart move.”

Other fans rave about the A-list actors most recent public appearance: “Congratulations to #JohnnyDepp for receiving a prestigious award for his work with cancer patients & their families” MORE INFORMATION | SOLD

How to Buy a Johnny Depp Loft Penthouse:

Eager to snap up one of the remaining Johnny Depp penthouses before they are all gone? Here’s a scoop on the Depp lofts currently for sale:

Johnny Depp Penthouse 4 For Sale:
http://www.laloftblog.idxco.com/idx/11753/details.php?idxID=240&listingID=16177272

Johnny Depp Penthouse 1 For Sale:
http://www.laloftblog.idxco.com/idx/11753/details.php?idxID=240&listingID=16177234

Johnny Depp Penthouse 2 For Sale:
http://www.laloftblog.idxco.com/idx/11753/details.php?idxID=240&listingID=16177260

Request more information on the Johnny Depp penthouse lofts, Eastern Columbia Building, Historic Core or Downtown Los Angeles: Fill out the online form.

<a href="https://laloft.wufoo.com/forms/m1spfx910pdzxmx/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Copyright © 2016 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, seller 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.

November 15, 2016

Los Angeles Lofts For Sale – Goodbye $300,000s. Say Hello to $400,000s. #dtla #realestate

The average recently sold Downtown L.A. condominium price is $664,976.

REAL ESTATE NEWS AND MARKET REPORT: At the end of 2015, there were many DTLA lofts listed in the $300,000s. In 2017, there will be almost none. Next year, the starter home lofts will begin in the $400,000s, except for a few tiny studio-size condos. Today, Downtown has many opportunities for those who are looking for a bargain price. Some of those bargains include the distressed lofts at the Higgins Building, the awesome historic Mills Act lofts in the clean, pretty area between the Historic Core and Civic Center neighborhoods. Active, motivated buyers are taking advantage and getting a steal this season while some potential buyers are either scared from the election or dormant for the winter holiday season. Meanwhile, massive expansion of Downtown infrastructure and huge influx of residents continues to place strong upward price pressure. Investment gurus Jim Cramer and others have stated their analysis that prices and interest rates are likely to rise in 2017 and the coming years. The Wall Street Journal has also just weighed in with its forecast of rising prices.

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful. — Warren Buffett

The greedy are still raking in the dough in DTLA. Prospective Downtowners and investors can today take advantage of several issues that are temporarily depressing prices. There have recently and currently been a cluster of minor economic panics in Downtown LA. Some sellers have reduced their asking prices of lofts in the Higgins Building due to a new assessment. The prices were reduced some time ago, and some home sellers are giving money to buyers, so buyers are today getting Higgins lofts for up to $50,000 less than they would otherwise cost. The same holds true for units at Evo, Luma and Elleven buildings, as some buyers and sellers are afraid of the HOA lawsuit against the developer, combined with huge new condos being built nearby. These also allow buyers to pick up one of these soft lofts for easily $50,000 below what the prices will be once the dust settles.

Get access to all of the bargain lofts and condos for sale. For a free list of foreclosures, bank owned and other distressed Downtown properties, fill out the online form:

<a href="https://laloft.wufoo.com/forms/xeikqu51l55wb5/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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