Modern open loft with fantastic urban industrial character on Broadway in the Historic Core. Recently remodeled, this 1 bedroom loft features concrete ceilings, a kitchen with stainless steel appliances, stained concrete floors and large windows that let in a ton of light and look out onto bustling Broadway and the Historic Core’s many architectural treasures. Bathroom has washer/dryer hookups in unit and oversized soaking tub. Incredible 360 degree rooftop views! The location is unparalleled, situated next to the Metro underground station and Pershing Square just minutes walk from The Bloc, Grand Central market, Ralphs, Whole Foods and the best dining and nightlife Downtown LA has to offer. The building has some of the lowest HOA dues in Downtown LA and you get incredible value for what you pay; 24-hr security, front desk concierge, fitness room, rooftop pool, hot tub and rooftop lounge area with panoramic views of the Downtown Los Angeles skyline. Valet or self parking available onsite. No pet restrictions. The HOA has approved a large renovation project for the building. The building exterior will be repainted, lobby and hallways completely redone, rooftop painted and new furniture installed. The HOA reserves are extremely healthy and the renovation will be funded entirely from the reserves. There’s never been a special assessments or dues increase in the entire 15 year history of the HOA nor is one in the forecast.

This is an open loft with no bedroom walls. Lots of natural light and views. Modern updated kitchen. Low HOA dues. This building may be FHA / VA approved for 3.5% down. |  DETAILS |  Blog Video

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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.

The SoCal Home  —  More Than Real Estate News

California coronavirus panic and unemployment caused by lockdown hysteria add to other sources of misery, causing the once golden state to lose its luster. Californians are leaving for greener pastures.

Why is it getting more expensive to move out of California?  Because it’s worth it. The ultra-liberal California legislature just voted to raise taxes on the rich again. What they don’t tell us is that the taxes are often based on political theater. Studies show that most wealthy won’t pay more than about 17% of their income in taxes — total. Any increases in taxes on the wealthy must include corresponding tax cuts or loopholes, otherwise the wealthy pick up and move to another jurisdiction with lower taxes, and the area loses its tax base. California is currently losing its tax base at an alarming rate.

Tech companies that were once big spenders are downsizing, especially when it comes to commercial real estate. Pinterest announced at the end of August that it’s paying a termination fee in excess of $89 million to cancel a lease for 490,000 sq. ft of office space planned for the area near its current San Francisco headquarters

Signs of failure are popping up all over the place.  Californians are moving to Arizona and other states in droves. Electric blackouts are the latest slap in the face to California consumers. This needless shortage of electricity comes on the heals virus panic, riots, looting, violent crime and massive job loss.

Eventually, California’s big cities will get cleaned up, and back on track, but we don’t know how long that will take. First, we have virus hysteria and its resulting great depression that we must conquer.

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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.

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The middle class is getting squeezed from both ends by diminishing lifestyle and rising cost of living. While rioters and looters receive creeping levels of unemployment benefits, they simultaneously live off their parents. The hard-working families, on the other hand, are paying more for food and household items, while being forced to get by with lower wages or no income at all. The stock market displays a veneer of optimism, but with an ominous presage of foreboding volatility. #stagflation #realestate #prices

The Fed and Warren Buffett have recently signaled moves towards inflation. An overly flexible and jittery Fed means higher inflation. The Fed said they will reduce interest rates, print unlimited money and initiate other radical monetary manipulation without limits. Warren Buffet just sold financials such as bank, and purchased significant gold. In toto, these spell clear inflation gestures.

Even more forthright and dependable for price perception, the average meal at McDonalds has jumped up dramatically over the past few months. Various shortages caused by virus panic and resulting stagflation remain a substantial threat to consumer and business economics and way of life. Lingering shortages include household products, cleaning supplies, meat, small change coins — pennies, nickels, dimes and quarters, patio heaters, laptop computers, beer, ice cream, lumber, furniture, appliances, aluminum cans and bicycles.

Extreme drop in GDP Gross Domestic Product causes a sinking economy akin to the Great Depression. The latest consumption numbers just came in at 1%, which is not enough to produce a V-shaped recovery. A sinking world economy creates a greater specter of war than hope of recovery.

Commercial real estate income and property values have collapsed significantly. Residential real estate shows a similar, pattern, with urban residential properties suffering the most dramatic declines. The median Downtown Los Angeles area home price fell by $23,000 in July compared to the previous July. The Loft Blog shall release the august home price report in the following days. Forecasters show that residential prices are likely to face downward pressure in 2021 unless the ongoing virus panic miraculously eradicated. Miraculous eradication is unlikely for any cold or flu-related virus. History’s biggest rash of botched immunization injuries is more likely.

Stagflation is distinguished by a mix of downward price pressure (recession) and upward price pressures (inflation caused by Fed money printing). The dueling forces cause a combination of unpredictable volatility and exaggerated discrepancies in home prices, with some of the best homes rising while average and worse homes fall in price. The best neighborhoods rise in price while the worst neighborhoods see falling prices. This trend towards disambiguation shall continue to play out most dramatically as blighted urban neighborhood home prices fall significantly in decaying sh!thole cities, while the most desirable suburban home prices remain somewhat stable for a while. In the coming months, most home prices will eventually feel the pinch of a protracted depression caused by unprecedented economic shutdown.

The historically accurate L.A. Loft Blog forecasts stagflation for the coming months, perhaps years. Today’s starkly disconnected stock market has utterly failed to generate any iota of emotional capitulation, which is necessary to support a real recovery. The bloated stock market and artificially inflated economy are super primed, impregnated with over-confidence, ready to deliver a big bouncing brood of financial bombs. Today’s financial opportunities stand in selling early or waiting 5-10 years before selling; placing low-ball offers to catch the increasing number of panicked sellers; investing in gold and blockchain cryptocurrencies; and short selling low-quality stocks while the market is over-inflated.

Get a FREE list of top places to put money for profit and protection during periods of declining productivity and increasing consumer prices. Fill out the online form:

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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. This is not an offer to sell securities. This free information does not constitute financial advice. Investors must perform their own research and due diligence. Investments may result in loss of some of all of principal. Consult with a certified financial adviser before making any investments. 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.

Company, professional, trade and commerce listings Downtown Los Angeles #dtla #business #directory |  Blog Video

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1 AEG The leading sports and entertainment presenters in the world https://www.aegworldwide.com 2137637700
2 Angel City Brewery 10+ beers on tap, tours & tastings https://angelcitybrewery.com 216 Alameda St 2136221261
3 Angels Flight Railway The Shortest Railway in the World https://www.angelsflight.org 351 S Hill St 2136261901 info@angelsflight.org

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

Evo at 1055 S Grand Ave has a luxurious lap pool with a superior view

Reader Questions

Q: Are there any Los Angeles downtown condos with an out door lap pool? A: Yes, Biscuit Company Lofts and Bunker Hill Tower are the DTLA condos with the best amenities, including outdoor lap pools. Those who don’t have a pool can swim and luxuriate free weekdays at The Standard Hotel, as soon as it re-opens after the virus panic subsides. |  All Los Angeles loft buildings and condos with pools and gyms#pool #dtla

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Molino Lofts has a smaller pool. Great for kids, not ideal for laps.

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.

REAL ESTATE NEWS |  Blog Video

Here are the top 10 most amazing loft deals new on the market, just listed, along with the top ten lofts just sold #justlisted #sold #dtla.

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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.

Now that the L.A. Loft Blog has grown to attract thousands of viewers every day, blogging is getting to be more and more fun. We’re seeing more deals come available on lofts for lease, lofts for sale, live-work lofts, Mills Act lofts and 2-story lofts. We’re now writing a blog post nearly every day, and shooting audio podcasts and videos nearly every day too. With real estate news about new lofts, buildings, neighborhoods and property markets, the Loft Blog brings new daily posts and multimedia on most of these social media forum websites:

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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.

Raw warehouse loft

Reader Questions: #warehouse #loft

Q: Where can I find a warehouse loft in LA? A: Warehouse and industrial style lofts can be found on the Loft Blog at https://www.laloftblog.com/2019/10/20/warehouse-lofts-for-rent/ and also at https://www.laloftblog.com/?s=warehouse+loft

Q: What (# of things) can a seller do to come out on top in a buyers market? If you have to be more attractive to a buyer how do you conserve your equity by offering buyers attractive terms or perks?A: That’s quite a question. We’re now in a buyer’s market, but most people are not yet aware of that, so we’re also in a bit of a paralyzed market due to the ongoing virus panic and flu hysteria being propagandized by unscrupulous politicians and desperate panic-peddling news media. We’re also in the Greater Depression of 2020. Downtown area home prices are down $23,000 in July compared to the same month last year. Sellers will likely get significantly more money for their home today than in a year from now. Area home prices are expected to drop an additional $23,000 by that time. Today, big city real estate inventory is growing while the number of urban home buyers is shrinking. Loft sellers must stage the home to stand out from the crowd, and price the home just right. Sellers should offer to pay for a free 1-year home warranty, and sellers may stand out by offering to pay for some of the buyer’s closing costs. Above all, sellers can get the most money, fastest, with the least hassle when the listing agent offers to buy the buyer’s current home so that the buyer can buy the seller’s home. Details at www.ChambersGuarantee.com

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Raw warehouse loft

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.