Real Estate News – Page 90

The sparkling Apple Store Downtown Los Angeles officially opens its doors today, just steps away from the Eastern Columbia Building loft condominiums on Broadway EasternColumbiaLoft.com. The new retail venue features the expected Apple iPhones, computers and watches, in a dramatic setting of a very ornately renovated historic Tower Theater at 7th Street. | GRAND OPENING PHOTOS

After several years of painstaking transformation, the store grand opening coincides with the re-opening of DTLA this month, after more than a year of virus hysteria and radical lockdown that seriously impaired the restaurant, retail and entertainment industries of L.A. Hopefully, the opening of such a popular and esteemed establishment will help somewhat to make up for the large numbers of local small businesses that have been devastated by authoritarian edicts.

The roaring 20s Tower Theater building is an awe-inspiring example of historic Los Angeles architecture and artistic craftsmanship. Now, Angelenos and world visitors can really enjoy taking in the creative interior splendor of this 1920s theater, and its re-imagining by Apple.

Get a list of amazing historic loft condos with Mills Act property tax benefits. Fill out the online form.

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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.

The rich get richer while the poor get poorer in Downtown Los Angeles

REAL ESTATE NEWS | Blog Video

Downtown Los Angeles loft condo prices dropped in May, compared to the same month last year. Many more sellers attempted to unload their properties last month, but homes are taking an average of 12 days longer to sell. L.A. urban home buyers can enjoy better deals as most condos dropped in price by $35,000 or more. While most home prices fell, some of the most attractive properties actually went up in price as the well-to-do paid extra for large units that have lots of natural light, views and private outdoor space. This bifurcation between Median Price and Average Price occurs as the rich get richer and the poor get poorer. These numbers provided by real estate professionals MLS Multiple Listing Service for Downtown Los Angeles and nearby loft neighborhoods 23, 42 and 1375.

Number of Listings May 2020: 195 | May 2021: 244

Average Days on Market May 2020: 63 | May 2021: 75

Median Price May 2020: $585,000 | May 2021: $550,000

Average Price May 2020: $676,850 | May 2021: $716,132

Find out how much your loft is worth. Get a free list of recently sold condos in Los Angeles, along with a list of currently active homes for sale in the area. Fill out the online form:

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]