Tag: downtown los angeles

Downtown Los Angeles – The place where it all happens. The new center of the universe!

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Lofts For Sale Downtown Los Angeles Fast Purchase: Vacant and Ready-For-Move-In Homes

DTLA Lofts – Quick Close and Immediate Move-In

738 S Los Angeles St #302 Soon to be vacant, ready for immediate move-in. Close by June 30.
Soon to be vacant, ready for immediate move-in. Close by June 30. 738 S Los Angeles St #302

About half of all buyers are under some kind of time restraint, and most really want to close escrow in 30-60 days or else they may have to put off their search for a while. Some properties take a very long time to sell.  One Alta loft, for example, was in escrow for 18 months a few years back. Some lofts have issues with uncooperative tenants, overpricing, title problems, litigation, liens, lis pendens, probate, short sales, inspection problems, loft financing issues, low appraisals and numerous other issues that can delay sales and lengthen escrows. Not all buyers can tolerate such delays. Some buyers want to close escrow in 1-2 weeks. One of these fast closing lofts is the lowest priced loft in Downtown with a private balcony.  PHOTOS

While Downtown Los Angeles has relatively few vacant homes because it is a boom town with a skyrocketing economy, there are some sellers who are particularly ready to sell fast. Here’s a link to a free list of Downtown Lofts and Condos that are ready for move in and particularly suitable for a quick purchase:  vacantandready.blogspot.com

One of the quick availability lofts is approved for Mills Act benefits.  Most owners of Mills Act lofts report usual savings of 66% off of county property taxes. They love getting paid to live in beautiful historic buildings!

Get a free list of Mills Act lofts in Downtown Los Angeles and other neighborhoods. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [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

Sky Loft Vacant
Sky Lofts Vacant and Ready for Immediate Move-in

Copyright © 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 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.

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Downtown Los Angeles Mills Act Historic Lofts For Sale – Authentic Loft Character Saves $5,000 Per Year

The hottest trend in urban real estate today is historic live/work lofts.  #millsact #dtla

Mills Act Santee Vilage Rooftop Deck Spa Downtown L.A.
Mills Act Santee Vilage Rooftop Deck Spa Downtown L.A.

Because many of the historic buildings, such as the Eckardt Building in Downtown Los Angeles, qualify for Mills Act tax benefits, living in an open space with high ceilings can pay dividends year after year in the form of dramatically reduced annual county property taxes. Most Mills Act home owners report usual savings around 66%, so they only pay about 1/3 of the property taxes. That’s around $5,000 per year less taxes paid for the average downtown Mills Act loft. While the savings may vary, as home values go up, the benefits go up, giving the average qualified Downtown historic loft owner a potential savings of well over $200,000 over a 30 year mortgage term. One cool Mills Act loft in the booming Historic Core neighborhood has a roomy balcony and is under $450,000.  PHOTOS

Get a free list of Mills Act qualified historic lofts. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [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

Copyright © 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 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.