Category: Real Estate News

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1100 Wilshire Downtown Los Angeles For Sale and For Lease

REAL ESTATE NEWS

1100 Wilshire Blvd is in the news again today, at the top of the charts of the L.A. Loft Blog home search.  The highly respected building yesterday had public notices taped to its outer walls.

The notice is about the removal of the parking requirements.  The L.A. Loft Blog is not sure what it means, although we have heard that the excellent guest parking is somewhat less excellent now that Chase bank is in control of it, and that guests may not be able to park overnight.

Sitting atop 17 floors of highrise parking, 1100 Wilshire still beats nearly every other building in parking.  In fact, even some of the smaller units come with 2 assigned premium covered parking spaces, such as unit #3603 currently for lease and, with its jetliner views, is an awesome bargain with utilities included as well:

1100 Wilshire #3603 For Lease  |  MORE

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DOWNTOWN DISTRESS

Speaking of public notices, prospective loft renters can find unadvertised bargains with the L.A. Loft 3-Hour Tour buyers can find bargains by looking at distress sales, foreclosures, REO, bank owned, company owned, 3rd party owned and other distressed properties. Fill out the online form:

1100 Wilshire Los Angeles

Copyright © This free information provided courtesy Corey Chambers, Realtor, Realty Source Inc BRE#01889449 We are not associated with the property owners association or management. For more information, contact (213) 880-99910 or visit LAloftLease.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, seller or renter is already under contract with another broker.

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The Coming Real Estate Crash in Downtown Los Angeles Lofts and Condos #realestate #crash

When will it happen again?  According to a recent Fortune Magazine article, U.S. real estate is 25% to 60% overvalued. To find out if that is correct, there are signs to watch out for. Professors at Harvard tells us How to Use Real Estate Trends to Predict the Next Housing Bubble.

Raw lofts Downtown LA
Will this Downtown LA loft cost $900,000 or $300,000 next year?

Here are the observations by the L.A. Loft Blog from our years of experience of talking to thousands of homeowners, buyers, sellers, renters and landlords about Downtown Los Angeles market:

We are in a “normal” real estate market, which seems boring to some and scary to others. Appreciation in Los Angeles is running around 6%, while nationwide average annual real estate value incease is usually around 3%.

Based on the numbers and previous crashes, Downtown Los Angeles is not yet due for a major #realestate #crash.  In fact, a major upswing is more likely than a big crash in the next few years. But much more likely is one of these: a normal healthy market, mediocre boring or stagnant market with stable prices.  Also, during the last housing crash in 2009, Downtown L.A. was one of the very last neighborhoods to drop in price, and then it was among the very first neighborhoods to shoot back up in value.  How’s that for a strong local real estate market!

While a few loft condo units have not increased in price in the past year, the average went up almost 8%.  One Little Tokyo Loft in DTLA sold just over a year ago for a little more than $300,000 and then, after significant restoration, it recently re-sold for a whopping $940,000!!!!!!!!!  PHOTOS

Beat out other buyers to the best deals. Get access to pocket listings, unlisted and off-market properties for sale.  Fill out the online form:

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

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

Raw Lofts and Fixers in Downtown L.A.
Raw Lofts and Fixers in Downtown L.A.

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.