Tag: DTLA

Posted on

REAL ESTATE NEWS FLASH – Downtown Lofts and Condos in a Normal Market #realestate #dtla

We will never hear this promo for the evening news:  “Los Angeles real estate is normal — News at 11.”  It might sound boring at first, but for those who are considering the purchase, sale or lease of a Downtown loft or condo, understanding the economics is definitely of interest, particularly for those who really value their dollars.  NEW HOMES

new-homes-ten50-160918-mk82

First of all, most people have a hard time believing or understanding that the real estate market in Downtown LA is normal.  What is normal?  Well, in a sense, DTLA real estate cannot be called normal because it has a more rapid pace of growth and change than other real estate markets.  Downtown has really exploded in population, infrastructure and home values over the past 15 years. But aside from that, recent prices in Downtown have risen at a relatively calm yet still brisk annual rate of 6% for condos, with rental prices increasing at about 7%.  This has caused most developers to focus on building apartments for lease instead of condos for sale.  Only three condo projects are currently under construction in Downtown, while more than a dozen rental apartment projects are under way. That means that renters are expected to make lots of long-term profit for apartment developers, at the cost of neglecting the renter’s own real estate portfolio. Because real estate is the largest investment that most people make, long-term renters risk neglecting their retirement potential. #news

In a normal market, successful real estate investors focus on the fundamentals:  Interest rates are near historic lows, which is good for buyers and sellers because it means that buyers can pay a higher purchase price for a property and sellers can get more for the sale of their homes. In a normal market, it is financially desirable for most to buy rather than rent.  Currently, there are an unusually large percentage of renters in Downtown because many still strongly remember the crash in home prices in 2009. Those who might prefer to own, yet decide to put off a home purchase, will likely find that themselves locked out of the market for more than 15 years to come as they watch Downtown continue to soar beyond normal expectations.

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

button        button (1)        

SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

new-homes-ten50-160918-mk78

Copyright © 2016 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, seller 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.

Posted on

Downtown LA New Homes Update – Construction of Metropolis, Ten50 and Oceanwide Plaza

Adding much-needed inventory of homes for sale to Downtown’s booming real estate market, new construction is preferred by more than 50% of home buyers, who find that the sparkling units offer a great value on new architectural style with the latest amenities. #newhomes #dtla

new-homes-ten50-160918-mk73


metropolis-los-angeles-160712-mkMetropolis – The first phase of the super luxury high-rise condo building is sold out and construction nearly completed. The 2nd phase is selling briskly. The sales office models are available, and the in-building models should be available soon. Metropolis is changing the skyline of Downtown Los Angeles, and provides awesome views. The first phase is nearly complete and sold out.  The 2nd phase units are now selling.  Call to request an early viewing of the in-building models.  DETAILS

new-homes-ten50-160918-mk84Ten50 – Construction is more than half complete, at the new boutique luxury condo building in South Park Downtown, and models are now available for viewing. The in-building models are now available for viewing.  In the prime location for new condominiums in DTLA, Ten50 offers modern stylish new units with balconies, views and superb amenities. It even has an drone delivery heliport.  DETAILS

oceanwide-plaza-updateOceanwide Plaza – The mixed use condo building, hotel, shopping and entertainment center concrete pouring is complete and building construction has begun. This massive building will serve to expand and house the huge crowds drawn to the neighboring LA LIVE,  Staples Center and Convention Center.   DETAILS

46new-homes-river-house-160703-mkRiver House – 2-story condos on the Los Angeles River are now selling, with the water-facing units going fast. River House is attractive to pioneering Angelinos who want to be the first to live on the revitalizing LA River, and who would like to witness first hand its turn-around with the natural renovation of the river.  DETAILS

>> MORE

Get Downtown LA and Los Angeles River area new homes information free as soon as it comes out. Fill out the online form.

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

button        button (1)        

SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

new-homes-ten50-160918-mk02

Copyright © 2016 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, seller 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.