Is It Time to Sell or to Keep Buying Downtown Real Estate?
Ever wish you had a crystal ball for Downtown L.A. loft and condo home values? While many home buyers and sellers must follow their own personal needs when it comes to timing, those who are most profit-minded will attempt to buy low and sell high in order to maximize return on investment. Downtown has demonstrated itself to be a market timing barometer of sorts that can tell us when to buy and sell by comparing Downtown to the rest of the country.
During the 2008/2009 economic downturn, Downtown Los Angeles experienced a timing cycle that was different from the rest of the USA. Downtown L.A. continued to boom for almost another full year after U.S. real estate values in general began to stagnate and decline in price. In 2012, the national news was still reporting on the faltering and declining economy while Downtown Los Angeles was already beginning a huge, rapid boom. As the media was warning about a bleak future preceded by a coming wave of foreclosures (which never came) the boom in Downtown was already beginning. But most did not hear about the Downtown boom until much later because even the local news was reporting the national news on real estate. Even our own local newspaper, the Downtown News largely ignored Downtown’s real estate turn-around until the mainstream news began to give some positive information, again almost a year later.
While past results do not necessarily predict future results, what else is there to go by? Based on what we have seen before, if the U.S. is about to go into a recession or some kind of funk, Downtown is predisposed to keep booming for about 10 months. Then astute buyers and seller need to keep an eye on the actual real estate market in Downtown to see when to invest heavily in Downtown real estate. One thing is for sure, we cannot rely on the mainstream news to keep us informed on Downtown real estate trends.
If history repeats itself, which it usually does, Downtown property owners will have 10 months to consider selling at a high price before Downtown homes join the downward slide (which economists recently predicted to happen in 2018 or 2021 depending on whom you believe). By the same token, Downtown homeowners currently have an additional 10 months to load up on real estate while the U.S. continues to gain ground.
Keep your finger on the pulse of the market by seeing what has sold recently in Downtown with these free tools:
P.S. Your Referrals Help The Kids! $125 donation goes to help the extraordinary kids in need at Childrens Hospital Los Angeles on every home we sell this year. Help us help Childrens. Who do you know considering making a move that would benefit from the services we provide? Call me at 213-880-9910 with their contact info, or have them contact me. You can also visit http://www.ReferralsHelpKids.com. Thank you in advance!
SOLD for 101% of Asking Price ALL CASH, 24% Faster than Average – The first resale 3-level loft, a former loading dock, in what was once the Fuller Paint Company on San Fernando Road. Now known as Alta Lofts as re-imagined by architects Pugh & Scarpa, the 1927 central Los Angeles building is today revealed as a new level of modern live-work lofts.
200 N San Fernando Rd #105, Los Angeles, CA 90031 — Disover the open concept for a Los Angeles loft taken to the next level as it provides abundant open space in nearly 1,400 square feet, extra high ceilings, lots of windows and light, along with separated bed area and other spaces for living and working. Icing on the cake appears in the form of 2 bathrooms, 2 entries and a warehouse-style roll-up door for supreme natural light and fresh air. Electric roll-up shades with remote give instant push-button control of the natural light. This three-level is extra sweet because it has been upgraded with special design and engineering in the form of extra square footage with an extended mezzanine bed area.
The bedroom is upgraded with an expansive open closet, frosted glass partitions, jetted bath tub and copious designer tile in the master bathroom and kitchen, and steel I-beams with intumescent paint. Your dream loft is now complete.
East view facing the mountains to Downtown Los Angeles and Elysian Park. This industrial loft features concrete floors, granite counter tops, stainless steel appliances, large bathrooms with tile floor and stainless sink, washer and dryer in unit, central A/C and heat, large closets. Gated covered parking space. Building amenities include social party room, fitness center, BBQ, courtyard lounge area, covered gated guest parking. Pet friendly. Evening security guard patrol. Walk to shopping, restaurants, Metro. By Downtown, China Town and Elysian Park in Lincoln Heights near Brewery Lofts, Lacy Lofts and Telephone Company Lofts. SOLD for 101% of Asking Price ALL CASH, 24% Faster than Average.
Own 1,400 square feet of open space in this authentic industrial Alta live-work loft. High ceilings, large windows with lots of natural light. East views facing the mountains to Downtown and Elysian Park. VIDEO | MORE DETAILS AND PHOTOS
This industrial loft features concrete floors, concrete features, exposed plumbing, polished granite counters, stainless appliances, BIG bathroom with tile floor and stainless sink, washer-dryer in unit, central A/C and heat, closet. Gated covered parking space. Building amenities include social party room, gym, BBQ, citrus trees, courtyard lounge, covered gated guest parking. Pet friendly. PM security guard. Walk to shops, food, transportation. By Downtown, Chinatown and Elysian Park and Lincoln Heights Metro Station. Building description and photos at www.AltaLoft.com and www.AltaLofts.info. Call Corey (213) 880-9910 or email corey@laloft.org
This stylish loft is in an historic building in Downtown Los Angeles. Located near The Brewery Lofts in Downtown Los Angeles. Dramatic open spaces, vibrant neighborhood, chic loft in the Downtown L.A. area. Eclectic mix of shops, restaurants and cafes of historic Lincoln Heights, close proximity to Los Angeles’ most popular destinations. Dodger stadium, Walt Disney Concert Hall, MOCA and Downtown’s financial center are all just minutes away. Convenient access to three major highways and a nearby Gold Line stop, Pasadena, Glendale and Los Feliz are also easily accessible.
Building has original four-story structure capped with two stories of newly constructed penthouse lofts, as well as direct-access, gated parking structure for residents and guests. Floor to ceiling industrial windows, along with retrofitted with dual panes are accompanied by exposed beam and ductwork. The exterior features fully landscaped open air courtyard and paseo, a fifth floor deck, and original concrete pillars throughout building. The structure is a study in contrasts. The exterior features both neo-classic and contemporary touches. Inside, the same dichotomy holds with structural elements from the 1920s co-existing with modern kitchens, bathrooms and state-of-the-art sectional overhead doors. It’s an ideal mix, resulting in one-of-a-kind living spaces that radiate with light, energy and creativity.
SOLD for 101% of Asking Price ALL CASH, 24% Faster than Average.
Alta Lofts Building Information: Details matter here, cabinets, fixtures — each has been carefully selected to work together to create a welcoming and inspiring living environment. The building also features amazing unobstructed views of Downtown, Elysian Park and surrounding communities. It is an historic building with original architectural elements and two new modern penthouse floors. The ownership of lofts includes designated parking in gated and adjacent garage. The bottom level of the building is made up of 2-story and 3-story lofts. The center of the building was cut out for the restoration to add light, air and openness to the building and loft units. Now showing to qualified buyers. To see this loft for sale, email corey@laloft.org or call (213) 880-9910.
The loft interior features high ceilings, exposed original walls and ceilings, in addition to original windows reglazed with dual panes. Ceramic tile flooring in baths. Whirlpool stainless steel kitchen appliances, granite countertops, stainless steel kitchen sink, a refrigerator, central heating and air conditioning with energy saving night set-back thermostat. Loft includes a washer-dryer, and loft has energy-efficient fluorescent lighting controlled by Decora switches throughout. MORE DETAILS AND PHOTOS
P.S. Your Referrals Help The Kids! $125 donation goes to help the extraordinary kids in need at Childrens Hospital Los Angeles on every home we sell this year. Help us help Childrens. Who do you know considering making a move that would benefit from the services we provide? Call me at 213-880-9910 with their contact info, or have them contact me. You can also visit http://www.ReferralsHelpKids.com. Thank you in advance!
Ever wish you had a crystal ball for Downtown L.A. loft and condo home values? While many home buyers and sellers must follow their own personal needs when it comes to timing, those who are most profit-minded will attempt to buy low and sell high in order to maximize return on investment. Downtown has demonstrated itself to be a market timing barometer of sorts that can tell us when to buy and sell by comparing Downtown to the rest of the country.
in general began to stagnate and decline in price. In 2012, the national news was still reporting on the faltering and declining economy while Downtown Los Angeles was already beginning a huge, rapid boom. As the media was warning about a bleak future preceded by a coming wave of foreclosures (which never came) the boom in Downtown was already beginning. But most did not hear about the Downtown boom until much later because even the local news was reporting the national news on real estate. Even our own local newspaper, the Downtown News largely ignored Downtown’s real estate turn-around until the mainstream news began to give some positive information, again almost a year later.
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