Tag: real estate

real estate – That is the properties for sale and for lease, and the loft that you will own if you are fortunate enough buy one.

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

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

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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:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

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

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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.

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Get a House Almost Free and then get $700 per month to go with it? The Real Opportunities.

Rental income investment propertiesALMOST A FREE HOUSE! We don’t hear these words very often. Besides sounding kinda silly, that’s probably because a home is usually the most widely desired and most expensive item that the average person will ever pay for. Even if we are fortunate enough to inherit a residence or to otherwise get one without paying for it, we would still need to pay for taxes and insurance. So the question is: How close can we get to receiving a free house?  Besides inheriting real estate or winning it in some kind of raffle, the closest things to a free house is getting a good deal on a home, perhaps little or no money down, or maybe even a full 20% down and then having a positive cash flow so that we receive more money every month than we pay out toward the property. Now we are getting a bit closer to what can really be accomplished when looking in the right place. #realestate #investment

Add the fact that real estate can appreciate forever, and then realize that we can receive ever-increasing monthly rental income that turns into a growing retirement fund, it’s no wonder that real estate is the best investment that most will ever make.

The L.A. Loft Blog correctly pointed out in 2011 and succinctly phrased that Downtown real estate was “almost free.” Those who saw the truth and the value at the time have been rewarded. Many purchased then Downtown lofts for $125,000 to $250,000, rented them out at a positive cash flow, and enjoyed watching the properties grow to values of $400,000 to $500,000 in just a few years.  That truly is almost free, and quite possibly could be called better than free.

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

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

While Downtown does not offer the same opportunity today, opportunities can always be found when we are open to seeing them and seizing them at the right place and right time:

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