downtown los angeles – Page 303

Surging real estate development is transforming the city’s center.

Variety reports that Downtown Los Angeles is getting a makeover to the tune of $16.5 billion in new development. Improvements include the addition of a large number of mixed-used projects that combine street retail with highrise living. This includes a new Whole Foods supermarket that recently opened, many small, independent restaurants, three new breweries, several art galleries, boutiques and a revitalized Grand Central Market in the Historic Core.

Apartment construction is roaring ahead at a fast and furious pace as more than 10,000 units are under development to fill the huge demand. New construction includes Greenland USA’s three mega-towers at Metropolis on the border of South Park and the Financial District, a $1 billion investment. On Downtown’s northern edge, the Arts District offers incredibly hip lifestyle options from the world’s longest apartment building, the modernist One Santa Fe to the Garey Building’s more traditional 320 brick-clad apartments nearing completion.

Most of the development is residential, and most of that is rental and hotel.

The L.A. Loft Blog recently reported MLS data showing Downtown price increases of 8% in 2015. Variety reports an even higher Downtown condo prices increase of 15% in 2015. Property values have risen overall by more than 150% over the last 17 years, per statistics from the downtown Business Improvement District. For coming years, the new addition of buildings under construction will bring increased selection for prospective buyers as projects like Metropolis and Trumark Urban’s TEN50 spring up.

Greenland USA’s Metropolis plans to open later this year: the 6.3-acre, 1,500-unit project north of L.A. Live will start with a 38-story residential tower and a 350-room hotel called Indigo. Metropolis will then add a 40-story tower and a 56-story tower.

Trumark Urban is quickly building TEN50, a 150-unit modern condominium at 10th and Grand. The sales office is now taking appointments. Residences in the 25-story tower start at 600 square feet, and range up to 4,000 square feet Amenities will include a yoga garden, private screening room — and even a shopping delivery drone landing pad!

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

Some buildings are more difficult than others to sell fast, sell for the most money and sell with the least hassle. Two of the fastest and easiest buildings to sell in are Barker Block and 1100 Wilshire. Two examples of the slowest and most difficult to sell are the SB Grand Lofts and Bunker Hill Tower Condominiums.

Each Downtown building has its own unique challenges and its own beneficial features. The attributes that make SB a more challenging sale are quite different from those features that make Bunker Hill Tower difficult to sell. For one example, SB Grand has an issue with a very high renter ratio and homeless loitering outside. Bunker Hill Tower, on the other hand, has almost no homeless nearby. It suffers from sort of the opposite problem of being too safe and too stodgy. The good news is that both are changing and improving, but, condo units in these buildings take longer — an average of more than 60 days to sell.

What can a seller do today to mitigate these difficult to sell circumstances and sell the units faster and for more money?

In addition to specialized knowledge about the building and neighborhood, a quick sale of a Downtown loft or condo requires focusing on the most important aspects of the home sale.

Here are the top 4 Big Things to Focus on for Successful Downtown Home Sale:

#1 Get More Money – Chambers Team gets you 2.2% more of the asking price
#2 Sell Your Home Faster – Chambers Team sells homes 44% faster
#3 More Likely to Sell – Chambers Team homes are 16% more likely to sell
#4 More buyers in a Data Base looking for a home

Your Home Sold GUARANTEED or I’ll Buy It*

No Gimmicks! For information on my exclusive Guaranteed Sale Program, order a Free Report by visiting www.GuaranteedSaleSoCal.com

To find out how much you can sell your home for and how long it will take, call Corey at (213) 880-9910

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

HOA includes electricity, air conditioning, heating, water, gas, cable, internet, insurance — Bunker Hill Tower – How to sell for more money, faster and with less hassle

*seller and Corey must agree on price and time of possession. Realty Source Inc BRE#01889449

Tag: downtown los angeles

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