Lofts – Page 74 – LA Loft Blog

Downtown LA Olympics Venues Attract Investment Home Buyers

On Your Mark. Get Set. Go!
Excitement is in the air. The race is on for DTLA properties as the countdown timer has started toward the multi-billion dollar preparations for the Olympics coming to town 10 years from now. Loft Blog readers have already started calling to get advice on finding the best locations early for short-term rentals and long-term real estate opportunities for investors. They want to take advantage of the huge global event that will take place partly right here with venues in Downtown Los Angeles and surrounding communities. #olympics #dtla #lofts

The L.A. Convention Center, Staples Center and Nokia Theater will host several competitive events, and the athlete will be staying in nearby USC Village, which will become Olympic Village. Hotels will be booked up solid for weeks, with loft landlords reaping the financial benefits of loft-loving athletes, their relatives, and tens of thousands of fans who will descend on the Downtown LA Area. Some of them will no-doubt fall in love with the walkable urban city center neighborhood that has radically improved and transformed since the last L.A. Olympic Games in 1984.

2028 Los Angeles Olympics Opening Ceremonies Rendering

OLYMPIC LOFTS

There is currently no such building in the world called “Olympic Lofts,” so we’ve decided to imagine one. Located let’s say at 2028 Olympic Blvd, it’s the awesome place where athletes and others can all stay as an alternative to the small dorm-like housing units of Olympic Villages where athletes have traditionally been expected to stay in cramped quarters. Imagine trying to get enough rest for the biggest competition in the world while stuffed into a student-sized bed that’s too small. Olympic lofts would be different, better, more stylish.

Named after nearby Olympic Boulevard, Olympic Lofts are in the imagined large lofty building with a super-upgraded gym, olympic size pool and large units with open spaces, high ceilings and oversized bathtubs, showers and furnishings such as full size to California King size beds for the grand athletes. The cool, chic, hip style with historic industrial character will make the competitors feel truly on top of the world, and ready to take the gold.

Back to reality — What is really going to be the best investment to own before the Olympics come to town? We’re certainly excited that the 2028 Olympic Games are coming, and Los Angeles is already gearing up to serve as host city for the third time since 1932. Downtown Los Angeles is certain to take center stage when it comes to temporary and permanent gains from visitors, business, infrastructure and new residents that will be attracted by the enormous event. Compared to 1984, everyone will be blown away, surprised with joy at the strides that DTLA has made as a world-class destination.

Owners of lofts, condos and houses all around Downtown Los and the neighboring areas will benefits the most from the event, its housing needs and its lasting effects such as visitors who fall in love with the powerful variety of everything in L.A.

Studio City, Burbank, Hollywood, Pasadena, Reseda, Van Nuys, Long Beach, West Los Angeles, Santa Monica, Venice and Marina Del Rey will all boom as well. The L.A. Loft Blog is now geared up to help home buyers and investors to stake their early claim to the best real estate locations all over Los Angeles.

Get a free list of olympic locations real estate investments for sale. Fill out my online form.

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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.

FRAUD SQUAD – Special Update: DTLA Criminal At Large; Also Loft Litigation

Lawsuits and Litigation: First, some Downtown L.A. loft litigation news to report. We are told by a resident of SB Grand that they are suing Barry Shy and the SB Grand HOA Homeowner’s Association for damage done to their loft by faulty construction and expansion of a penthouse above. They say the the added weight was not properly supported, and is causing cracks and rain water leakage into their loft unit. So far, the LA Loft Blog has been unable to obtain any confirmation from other residents, and we’ve seen no written documentation on this report.

Phony police ID — It’s hard to find real cops in L.A., so here’s a phony.

PREDATOR$ — An update on a dangerous criminal on the prowl: Professional con man fraudster Drew Christian Donovan AKA Christian Andrews AKA Jimmy Wayne Jackson has reportedly been released from jail. While the San Diego police did a perfect job of quickly arresting the culprit and sending him to the correct jurisdiction for prosecution, it looks like the Santa Barbara prosecutor was not too successful at putting him away for long. The main reason could be that LAPD has been sadly unable or unwilling to contribute. The last we heard from the LAPD is that they refuse to receive any of our MOUNTAIN of evidence against the fraudster because the “matter is under investigation.” It’s profoundly ironic and destabilizing when the Los Angeles Police Department is using the weakest of canned responses because they are too busy to investigate all of the evidence of what could be the #1 most prolific con artist in the Greater Los Angeles Area, with hundreds of victims and millions in damages. Perhaps the cops should admit the facts that they don’t have the budget to investigate major fraud because they blew the funds on misappropriations such as a mind-boggling fleet of electric BMWs — and, besides, LAPD leadership has more important things to do than fight crime, such as driving one of the electric BMWs to the nail salon. #dtla #realestate #fraud

Enough ranting about the trying to get the LAPD to lift a finger to help stop one bad real estate fraudster. It comes down to the fact that prevention really the most important part of fighting crime.

Fraud Protection Tip:

Make sure that a friend who’s offering to gift a house, condo or loft is actually a real close friend and not just a con artist.
Buyers and sellers need make sure that earnest money deposits are real, and triple check that real earnest money deposits are sent to the real escrow accounts.
Renters: do not give personal information or money to any landlord, agent or manager who is out of town.
Following these tips will prevent about 90% of real estate fraud that we commonly see in Downtown LA.

Speaking of real estate law — Litigation and lawsuits remain one of Downtown’s biggest issues for lofts and condos. More that 25% of Downtown LA homes listed for sale have currently or recently had a lawsuit or litigation in the building. Get free information on Downtown loft litigation and lawsuits. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/zzdsl1f1k78x3i/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

LAPD won't investigate? Don't worry FBI agent Donovan will protect you. Oh, wait. He's the bad guy. Now what'll we do? — LAPD won’t investigate major real estate fraud? Don’t worry, FBI agent Donovan will protect us. Oh, wait. He’s the bad guy. Now what’ll we do?

Tag: Lofts

Olympic Lofts Downtown Los Angeles 2028

Downtown Los Angeles Fraudster Drew Christian Donovan AKA Christian Andrews AKA Jimmy Wayne Jackson Released

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