downtown los angeles – Page 18

Two recent rental transactions help illustrate the breadth of the urban income properties in L.A. Loft Blog readers get access to all of the info. Get the scoop on the nicest of affordable rentals, to the biggest and the best. What do you get for $1,500 vs what comes with the much more expensive $15,000 per month super huge, upscale loft?

A Tale of Two L.A. Rentals: Comparing the Historic Condo Unit on James M Wood Blvd to the Luxury Loft on Broadway

As the Los Angeles rental market continues to evolve, two recent transactions offer a fascinating study in contrasts. Today, we’re exploring two distinctive options in urban living: a historic condo unit at 2121 James M Wood Blvd #315, which was leased for $1,450 per month, and an expansive downtown loft at 808 S Broadway #7th Floor, commanding a rental price of $15,000 per month.

The Glen Donald vs. The Singer

Los Angeles is a city of contrasts, especially when it comes to real estate. The rental market is a perfect example, offering everything from cozy studio apartments to luxurious multi-bedroom lofts. Two recent rental transactions in Downtown L.A. underscore this variety. This piece delves into these two distinct properties: a $1,500 per month historic residential condo in the Glen Donald Building and a $15,000 per month luxury loft in The Singer Building managed community of live/work rental income apartment units.

Location, Location, Location

The James M Wood condo is nestled in the Westlake neighborhood, known for its vibrant urban environment and proximity to Downtown LA. The neighborhood offers a mix of unique shops, and diverse restaurants. Nearby, the Metro station provides easy access to the city’s Red and Purple lines. The Glen Donald is located within walking distance of Downtown, near MacArthur Park, placing it at the heart of a vibrant urban community rich in history.

The Broadway loft, on the other hand, is right in the heart of Downtown L.A.’s Fashion District. This prime location is perfect for those who appreciate the convenience of having a wealth of dining, shopping, and entertainment options within walking distance. The Singer, nestled on Broadway among popular landmarks such as the Tower Theater Apple Store and flagship stores of Vans and Urban Outfitters, offers unparalleled access to shops, restaurants, and public transportation.

Comparing Amenities

While both buildings are gated for security, the parking amenities differ. The Glen Donald does not include parking, whereas The Singer provides two parking spaces.

The condo on James M Wood offers a unique, cool pad with vintage charm. Key features include exposed brick, hardwood floors, separate kitchen, vintage style bath tub, and city views. The building provides a variety of amenities such as a large lobby lounge, basement multipurpose room, fitness room, and bike storage. Pretty impressive for a small affordable unit — lovely historic style.

In contrast, the Broadway loft offers luxury and privacy in abundance. The loft, a former Beaux-Arts building turned luxury live/work space, offers the entire floor with no adjacent neighbors. Key features include a wraparound kitchen, open living area, flexible space that can serve as an office or additional bedrooms, and large patios with city views. The building has secured entry, elevators, and parking.

Lease Terms and Inclusions

The lease terms for the condo are 1+ year, with the tenant responsible for a move-in fee, move out fee, and insurance. The rent includes water, gas, trash, and electric utilities.

The lease terms for the loft on Broadway are not specified, but tenants are responsible for cable TV and electric costs. A pet deposit of $500 is required for pet owners.

Size and Layout

The Glen Donald condo, situated in the heart of the Westlake neighborhood, offers 460 sq ft of cozy vintage charm. This studio apartment features a practical, traditional layout suitable for singles or young couples. The unit presents a unique layout with a separate kitchen, large closet, plus a dressing room with additional storage space.

On the other hand, The Singer loft, located in the bustling Downtown district, boasts a generous 6,000 sq ft of sprawling live/work space. Its modern, open floor plan provides flexibility for multiple bedrooms or offices, making it ideal for business people with visiting clientele. The floor plan is open and flexible, allowing residents to create distinct spaces for living and working.

Historical Significance and Style

Both buildings date back to the 1920s, boasting historic charm. The Glen Donald, constructed in 1923, retains a vintage aura that could benefit from additional restoration. The Singer, built in 1922, has been recently renovated to blend its historic allure with modern luxury.

The James M Wood unit is part of the Glen Donald building, a classic 1923 construction that offers a uniquely cool pad with vintage charm. Its style is reminiscent of traditional low rise buildings with modern conveniences.

The loft on Broadway is situated in The Singer DTLA, a renovated Beaux-Arts building dating back to 1922. Its architectural style is modern, with expansive, open spaces and large patios that enhance the connection with the outside.

Views and Noise

The Glen Donald offers beautiful 3rd-floor views of the surrounding neighborhood and city, accompanied by the familiar hum of urban city noise and occasional building sounds.

The Singer, on the other hand, promises stunning 7th-floor views of Downtown and Los Angeles, with urban city noise set against a backdrop of minimal building sounds.

Occupancy Rate and Turnover

The occupancy rate is high for both properties, reflecting their desirability: 99% for The Glen Donald and 100% for The Singer.

Property Taxes and Utilities

The property tax is covered by the owner in both cases. As for utilities, The Glen Donald includes electricity and most utilities in the rent. At The Singer, tenants pay for their electricity.

Final Comparison

The contrast between the historic condo at James M Wood and the luxury loft on Broadway showcases the diverse range of rental options in Los Angeles. With exposed brick and historic character in both, the Singer delivers multiple new luxury bathrooms, a full modern, new luxury chef’s kitchen, high ceilings, massive walls of large windows and semi-private elevator entrance. Whether you appreciate the charm of a historic building or seek the privacy and luxury of an entire floor downtown, the city offers a wide range of choices to match every lifestyle and budget.

Ultimately, the Glen Donald and The Singer represent two very different ends of the L.A. rental market spectrum. The former is a tribute to the city’s historic charm, offering a compact, practical space ideal for individuals or couples. The latter is a testament to L.A.’s modern luxury, with its spacious, flexible layout perfect for professionals seeking a sophisticated live/work environment. Each property, in its unique way, captures the essence of Los Angeles living.

Get a free list of affordable artist lofts or upscale luxury live/work lofts for lease or for sale in Los Angeles. Fill out the online form:

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker DRE 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. Text and photos created or modified by artificial intelligence. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

A Shimmering Beacon of Modern Luxury – EVO Lofts, Unit #412

The luxury highrise at 1155 S Grand Ave #412, Los Angeles, is a marvel of newer architecture. Tucked within the South Park neighborhood of downtown Los Angeles, the EVO Lofts building radiates the city’s vibrant spirit, underpinned by an aura of opulence and sophistication. As an eco-conscious addition to the cityscape, EVO Lofts presents a seamless blend of comfort, style, and sustainability.

EVO LOFTS FOR SALE | FOR LEASE | UNLISTED | SOLD

Upon entering the 1,450 sqft, two-bedroom soft loft, one is instantly captivated by the city views atop the wide-plank oak floors that elegantly stretch across the expansive open-concept layout. The unit is bathed in an abundance of natural light, pouring in through the floor-to-ceiling windows. The unit provides an unparalleled, panoramic vista of the city’s thriving urban heart, with the iconic Staples Center/Crypto Arena serving as an enticing focal point. The large, private balcony stretches the length of the unit, inviting residents to indulge in the spectacle of the city’s vibrant cityscape, bathed in an array of colors from the breathtaking California sunsets. At night, the glittering city lights and star-studded sky create a mesmerizing tableau, reinforcing the unit’s status as a VIP front-row seat to the dynamic spectacle that is DTLA. The view from this luxury loft is more than just a sight; it’s an ever-changing canvas that captures the dynamic spirit of Los Angeles.

The modern kitchen is a gastronome’s delight, outfitted with state-of-the-art Bosch stainless steel appliances, rich wood cabinetry in teak, and CaesarStone slab countertops. This area is beautifully complemented by a custom-built designer bar, making the space perfect for both intimate dinner parties and large gatherings.

The two bedrooms deliver the promise of serene retreats, each offering privacy and space in equal measure. The primary bedroom is a particular highlight, featuring expansive westerly views, multiple closets, and an en-suite bathroom equipped with a dual vanity plus a separate tub and shower.

Adding to the loft’s appeal is its sizable balcony/terrace that offers a rare opportunity to enjoy alfresco living against the backdrop of the city’s stunning skyline and unforgettable sunsets. The unit also boasts a generously-sized laundry/utility room, offering ample storage space.

EVO Lofts provides a wealth of amenities, including a resort-style pool, spa, fitness center, and BBQ grills, among others. The rooftop lounge is a notable perk, presenting awe-inspiring views of the skyline and mountains.

The building offers the added convenience of its location, placing residents within walking distance of LA Live, the Crypto.com Arena, and the LA Convention Center. Renowned for its eclectic mix of world-class restaurants and pulsating nightlife, DTLA is at your doorstep.

The building’s management deserves mention for their exceptional service, offering 24-hour front desk support, concierge service, and security.

The added commitment to sustainability makes EVO Lofts an attractive option for the eco-conscious buyer. As a LEED Silver certified highrise, the building stands as a testament to the fusion of luxury and environmental responsibility.

In conclusion, unit #412 at 1155 S Grand Ave isn’t just a property; it’s a lifestyle. A perfect choice for anyone seeking the bustling energy of downtown living coupled with the comforts of a modern, luxury highrise.

One thing is certain, whoever acquired this unit didn’t just buy a property, they’ve secured a piece of the vibrant and pulsating heart of Los Angeles. To see today’s market, here’s a list of the most recently transacted properties this week, based on the recent sales data in Downtown Los Angeles (DTLA): | DETAILS AND PHOTOS

A 2 bed, 2 bath unit of 1,084 square feet at TEN50 condo building 1050 S Grand Ave #2004 listed for $1,150,000, which was higher than the sold price of $990,000. The unit was built in 2017 and has homeowner association (HOA) fees of $980. The property was listed for 316 days before it sold.
Another 2 bed, 2 bath unit of 1,450 square feet at Evo 1155 S Grand Ave #412 was sold at its listed price of $835,000. The unit was built in 2008 and has HOA fees of $975.22. This property was listed for just 13 days before it sold, showing a quick turnaround in the market.
At Flower Street Lofts 1130 S Flower St #119, a 2 bed, 2 bath unit of 1,432 square feet was sold for $685,000, lower than its listed price of $729,000. The unit was built in 2003 and does not list HOA fees. The property was on the market for 146 days.
Another unit at 1130 S Flower St, this time #206, which is a 2 bed, 2 bath unit of 1,260 square feet was sold for $600,000, also lower than its listed price of $649,000. This property was also built in 2003 and does not list HOA fees. It was listed for 116 days before selling.
A 1 bed, 1 bath unit of 860 square feet at 1155 S Grand Ave #1214 was sold for $570,000, slightly lower than its listing price of $595,000. The unit was built in 2008 and has HOA fees of $922. The property was on the market for 133 days before it sold.
A 2 bed, 2 bath unit of 1,050 square feet at 222 S Central Ave #441 was sold for $557,000, much higher than its listed price of $299,000. The unit was built in 1985 and has HOA fees of $513. This property sold quickly, within just 33 days of listing.
Lastly, a 1 bed, 1 bath unit of 715 square feet at 421 S La Fayette Park Pl #429 was sold for $405,000, a bit higher than its listed price of $399,500. The unit was built way back in 1971 and has HOA fees of $417. It was on the market for 20 days before it sold.

This data gives a clear picture of the current market conditions in DTLA and can be useful for potential buyers or sellers to make informed decisions. | LIST DETAILS

HOW MUCH IS YOUR LOFT WORTH?

Find out how much your neighbor’s home sold for. Get a free list of recently sold lofts, condos or house in any neighborhood. Fill out the online form:

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Tag: downtown los angeles

Compare this $1,500 Historic Condo Unit to the $15,000 Downtown Los Angeles Luxury Loft Apartment

Downtown Los Angeles Real Estate Market Update: Recently Sold Lofts and Condos in DTLA

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