Lofts – Page 116 – LA Loft Blog

Higgins Building to Get Convenient New Metro Station #higgins #metro

Now under construction by the Higgins Building, a new, upcoming Metro station is underway that will increase the convenience and value of what is already one of the nicest, cleanest, safest Downtown neighborhoods. The rich history of the birth of Downtown Los Angeles surrounds the location of the new 2nd St/Broadway Station. The streets of Historic Downtown Los Angeles include two nationally registered districts: The Broadway Theater District, which includes the remnants and renewal of twelve theaters within seven blocks, and Old Spring Street (also called Old Bank District), which is known as the original Financial District of Downtown Los Angeles. Broadway is one of the oldest streets in the city, and it was laid out as part of the 1849 street plan. Broadway was also the home to streetcars, which were heavily utilized by shoppers and workers between 1901 and 1963. Several entities are working to bring back modern streetcars to the area, but they might not get approved. METRO | HIGGINS LOFT FOR SALE

The Historic Core and the Civic Center areas combined attract the second largest concentration of government employees in the United States outside Washington, D.C. The new station will be the hub for government employees, tourists and locals. With the connectivity to Downtown, a visitor can hop on the train and go to the 2nd Pl/Hope St Station to visit the cultural hub of Downtown Los Angeles or to the 1st St/Central Av Station to visit historic Little Tokyo.

With the Regional Connector’s direct connection across Los Angeles County, residents from Azusa, Santa Monica, East Los Angeles and Long Beach can easily access Downtown Los Angeles’ government services or nearby destinations.

Attractions:
Higgins Building
LAPD Headquarters
Los Angeles Times
Douglas Building
Pan American Building
Spring Street Community Garden
Angelus Plaza
Angels Flight
Caltrans District 7 and Los Angeles Department of Transportation
Downtown Independent Cinema
Federal Courthouse (under construction)
Grand Park
Historic Broadway Corridor
LA Law Library
Los Angeles Police Department Headquarters
Los Angeles Times

About the Regional Connector

The Metro Regional Connector Project extends from the Metro Gold Line Little Tokyo/Arts District Station to the 7th Street/Metro Center Station in Downtown Los Angeles, allowing passengers to transfer to Blue, Expo, Red and Purple Lines, bypassing Union Station. The 1.9-mile alignment will serve Little Tokyo, the Arts District, Civic Center, The Historic Core, Broadway, Grand Av, Bunker Hill, Flower St and the Financial District.

This new Metro Rail extension will soon provide a one-seat ride for travel across Los Angeles County. From the Metro Gold Line, passengers will be able to travel from Azusa to Long Beach and from East Los Angeles to Santa Monica without transferring trains.

The Regional Connector will improve access to both local and regional destinations by providing continuous through service between these lines and providing connectors to other rail lines via the 7th St/Metro Center Station.

The new Metro Rail extension will bring an alternative transportation option to congested roadways, and will provide significant environmental benefits, economic development, and employment opportunities throughout L.A. County.

Project at a Glance
A 1.9-mile underground light-rail system connecting the Metro Gold Line to the 7th Street/Metro Center Station
Direct connection between Azusa and Long Beach and between East Los Angeles and Santa Monica
Three new stations:
1st Street/Central Av
2nd Street/Broadway
2nd Place/Hope St
All stations include public art components and provide convenient and safe access

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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 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.

The average recently sold Downtown L.A. condominium price is $664,976.

REAL ESTATE NEWS AND MARKET REPORT: At the end of 2015, there were many DTLA lofts listed in the $300,000s. In 2017, there will be almost none. Next year, the starter home lofts will begin in the $400,000s, except for a few tiny studio-size condos. Today, Downtown has many opportunities for those who are looking for a bargain price. Some of those bargains include the distressed lofts at the Higgins Building, the awesome historic Mills Act lofts in the clean, pretty area between the Historic Core and Civic Center neighborhoods. Active, motivated buyers are taking advantage and getting a steal this season while some potential buyers are either scared from the election or dormant for the winter holiday season. Meanwhile, massive expansion of Downtown infrastructure and huge influx of residents continues to place strong upward price pressure. Investment gurus Jim Cramer and others have stated their analysis that prices and interest rates are likely to rise in 2017 and the coming years. The Wall Street Journal has also just weighed in with its forecast of rising prices.

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful. — Warren Buffett

The greedy are still raking in the dough in DTLA. Prospective Downtowners and investors can today take advantage of several issues that are temporarily depressing prices. There have recently and currently been a cluster of minor economic panics in Downtown LA. Some sellers have reduced their asking prices of lofts in the Higgins Building due to a new assessment. The prices were reduced some time ago, and some home sellers are giving money to buyers, so buyers are today getting Higgins lofts for up to $50,000 less than they would otherwise cost. The same holds true for units at Evo, Luma and Elleven buildings, as some buyers and sellers are afraid of the HOA lawsuit against the developer, combined with huge new condos being built nearby. These also allow buyers to pick up one of these soft lofts for easily $50,000 below what the prices will be once the dust settles.

Get access to all of the bargain lofts and condos for sale. For a free list of foreclosures, bank owned and other distressed Downtown properties, fill out the online form:

<a href="https://laloft.wufoo.com/forms/xeikqu51l55wb5/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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.

Tag: Lofts

Higgins Station: 2nd St / Broadway Metro Coming to Historic Core Old Bank Civic Center

Los Angeles Lofts For Sale – Goodbye $300,000s. Say Hello to $400,000s. #dtla #realestate

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