While the Downtown L.A. property market is not exactly what we’d call “doomed,” the neighborhood is certainly having its major issues at the moment.  Los Angeles Magazine recently asked if the city hall corruption scandal might doom a massive DTLA development? 

The corruption investigation into City Hall is now having an impact beyond the arrest of elected officials and people involved in local real estate development. Questionable building permit legitimacy could cause a revocation of permits and approvals.

We have not seen any documents or specific accusations of improper consideration linking the developer of OceanWide Plaza to accused city councilman Jose Huizar or any other politician, but some of the related chatter insinuates that something scandalous could perhaps be forthcoming. It could also be that the OceanWide project is totally legit, just embarrassingly broke. For now, it’s a neighboring construction project, Luxe, that is taking all the heat while OceanWide Plaza megaproject cooly collects dust.

Find out what the condo down the street sold for. Get a free list of recently sold homes. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP] 

         

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury 
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

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.

While the wealthy can usually get by easily in trying times, home values fall precipitously, hurting equity. #dtla

“Up and Coming” or “Came and Went”? — Why would a Downtown Los Angeles real estate broker blog about something as negative as “LA is going nowhere?” The answer: Because there’s much truth to it that the public wants and needs to know. To reverse this trend, the public must be informed, and be willing to take action.

First of all, we’re only singling out Los Angeles because we live and work here, we are neighborhood specialists here and we care. Many major metropolitan areas in the U.S. are on a decline in middle class population, and a decline in property values. People are moving out the LA, heading for the suburbs, safer neighborhoods, lower prices and lower taxes.

Many city residents are in a state of paralysis, waiting for things to get better, but economics does not work that way unfortunately. As the Greater Depression of 2020 sets in, the key economic numbers have already surpassed the crash of 1929, and key industries such as real estate normally must take 6 months to 18 months or more to fall before they may recover from major economic shocks. Until we see full capitulation by the stock market and real estate market, we may see no real recovery for the U.S. economy and local economy.

As we mentioned yesterday, the median home price around Downtown has dropped by $23,000. Sadly, there is no news about expansion or improvement of Downtown L.A. — only news of strife such as retail and offices shutting down (many of them permanently) and rapidly growing tent cities (also seemingly permanent). We’re looking forward to giving good news about Los Angeles urban real estate in the future, but that cannot happen until the public begins to again respect cleanliness, safety, economy and future prospects of DTLA. | Details about the exodus from L.A. and CA. |  CRIME |  HOMELESS |  ABANDONED CONSTRUCTION |  DEPRESSION

Find out how much your home is worth. Get a free online home evaluation. Fill out my online form.

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP] 

         

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury 
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Downtown Los Angeles cannot grow while blight explodes and economy neglected #exodus

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.

Open House Remodeled luxury Bunker Hill Tower condo

Copyright © 2015 This free information provided courtesy Corey Chambers, Realtor, Realty Source Inc BRE#01889449 We are not necessarily associated with the owner or management. For more information, contact (213) 478-0499 or visit LAloftLease.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, seller or renter is already under contract with another broker.

Copyright © 2015 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 necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 478-0499 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.

LIST OF BUILDINGS DOWNTOWN LOS ANGELES

LOFTS & CONDOS FOR SALE AND FOR LEASE   [Alphabetical]  [Neighborhoods]  [Map]

1100 Wilshire – 1100 Wilshire Blvd, 90017     1100Lofts.com
655 Hope  – 655 Hope St, 90017     655HopeLofts.com
Alta Lofts –  200 San Fernando Rd, 90031     AltaLofts.com
Barker Block – 510 S Hewitt St & 530 S Hewitt St, 90013    BarkerBlockLA.com
Bartlett Building – 215 W 7th St, 90014     BarlettLoft.com
Barn Lofts – 940 E 2nd St, 90012     BarnLoftsLA.com
Beacon Lofts – 825 E 4th St, 90013     BeaconLoft.com
Biscuit Company – 1850 Industrial St, 90021    BiscuitLoft.com
Bunker Hill Tower – 800 W 1st St, 90012    BunkerHillTowerLA.com
Concerto Lofts – 901 Flower St, 90015    ConcertoLoft.com
Cornell Building – 738 S Los Angeles St, 90014    CornellBuilding.com
Douglas Building – 257 S Spring St, 90012    DouglasLofts.com
Eastern Columbia – 849 S Broadway, 90014    EasternColumbiaLoft.com
Eckardt Building – 746 S Los Angeles St, 90014    EckardtLoft.com
El Dorado Lofts – 416 S Spring St, 90015     ElDoradoLoft.com
Elleven Lofts – 1111 S Grand Ave, 90015     EllevenLoft.com
Evo – 1155 S Grand Ave, 90015     EvoLoftsLA.com
Flower Street Lofts – 1130 S Flower St, 90015     FlowerStreetLoft.com
Garey Building - 905 E 2nd St, 90012     GareyBuilding.com
Gallery Lofts – 120 S Hewitt St & 130 S Hewitt St, 90013    GalleryLoftLA.com
Grand Avenue Lofts – 1100 S Grand Ave & 330 W 11th St,  90015     GrandAvenueLoft.com
Higgins Building – 108 E 2nd St, 90012     HigginsLA.com
Library Court – 630 W 6th St, 90017    LibraryCourtLoft.com
Little Tokyo Lofts – 420 S San Pedro St, 90013     LittleTokyoLoftsLosAngeles.com
Luma – 1100 S Hope St, 90015     LumaLoft.com
Market Lofts – 645 W 9th St, 90015     MarketLoftLA.com
Metropolis Los Angeles – 8th Street and Francisco    LosAngelesMetropolis.com
Molino Lofts – 500 Molino & 530 Molino St,  90013    MolinoLoft.com
Mura Condominiums – 629 Traction Ave, 90013     MuraLosAngeles.com
Pan American Building – 253 S Broadway, 90012     PanAmericanLoft.com
Promenade Condominiums – 121 S Hope St, 90012    CondoPromenade.com
Promenade West – 880 W. 1st St, 90012     PromenadeW.com
Puerta Del Sol – 360 W Avenue 26, 90031    PuertaDelSolLA.com
Ritz Carlton Residences – 710 W Olympic Blvd, 90015   RitzyLofts.com
Rowan Lofts – 460 S. Spring St, 90013       RowanLoft.com
Santee Village – (See Eckardt, Cornell and Textile)
Savoy Condominiums – 100 S Alameda, 90012    SavoyLosAngeles.com
SB Grand (Shybary Grand or Shy Barry Grand) - 312 W. 5th St, 90013   SBGrand.com
Skyline Condominiums – 600 W 9th St, 90015    SkylineCondoLA.com
Sky Lofts – 801 S. Grand Ave, 90017    SkyLoftsLosAngeles.com
SL70 – 2220 Duane Street, 90039    SL70.info
Teramachi Homes Senior Condos – 267 S. San Pedro St, 90012   TeramachiHome.com
Textile Building – 315 E 8th St, 90014    TextileLoftLA.com
Tokyo Villa Condominiums – 222 S Central Ave, 90012
Toy Factory – 1855 Industrial St, 90015    ToyFactoryLoft.net
Toy Warehouse – 215 S Santa Fe Ave, 90012   ToyWarehouseLoft.com
Vero – 1234 Wilshire, Los Angeles CA    VeroLoft.com

RENTAL LOFTS AND APARTMENTS  (213) 478-0499  LAloftTour.com

717 Olympic – 717 W Olympic Blvd, 90015
8th and Hope – 801 S. Hope St, 90017
American Cement Building Lofts – 2404 Wilshire Blvd, 90057
Apex – 900 S Figueroa St, 90015
Ava Little Tokyo – 236 S. Los Angeles St, 90012
Avant South Park – 1360 S. Figueroa St, 90015
Artisan on 2nd – 601 E 2nd St, 90012
Blackstone – 901 S Broadway, 90015
Brockman Lofts – 530 W 7th St, 90014
Canvas L.A. – 138 N Beaudry Ave, 90012
Chester Williams – 215 W 5th Street, 90013
City Lights on Fig – 1300 S Figueroa St, 90015
Chapman Flats – 756 S. Broadway, 90014
Continental Lofts – 408 S Spring St, 90013
Elysian – 1115 Sunset Blvd, Los Angeles, CA 90012
Emerson – 225 S Grand Ave, 90012
Emil Brown Building – 308 East 9th St, 90015
Factory Place Lofts – 1308 Factory Place, 90013
Grand Central Square – 306 W 3rd St, 90013
Gas Company Lofts – 810 S Flower St, 90017
Great Republic Lofts – 756 S Spring St, 90014
Hellman – 411 S Main St, 90013
Jeffries Lofts – 117 Winston St, 90013
L.A. Loft Tour – (213) 478-0499  http://www.LAloftTour.com
Lacy Studio Lofts – 2664 Lacy St, 90031
Long Beach Avenue Lofts – 1250 Long Beach Ave, 90021

Medallion – 334 S Main St, 90013
Medici – 725 S Bixel St, 90017
MegaToys Lofts - 905 E 2nd St, 90012
Mercantile Lofts – 620 S Main St, 90013
Met Lofts – 1050 S Flower St, 90015
Metro 417 – 417 South Hill Street, 90013
Metropolitan – 315 West 5th Street, 90013
Milano Lofts – 609 S Grand Ave, 90017
Mozaic at Union Station – 888 N Alameda St, 90012
Museum Tower – 225 S Olive St, 90012
One Santa Fe – 1 Santa Fe, Los Angeles, CA 90012
Orsini Apartments – 550 N Figueroa St, 90012
Pacific Electric Lofts – 610 S Main St, 90014
Packard Lofts – 1000 S Hope St, 90015
Pegasus – 612 S Flower St, 90017
Peterson and Tansey Lofts – 1250 Long Beach Ave, 90021
Piero – 312 E 12th St, 90015
Promenade Tower – 123 S Figueroa St, 90012
Roosevelt Lofts – 727 W. 7th St, 90017
San Fernando – 400 S Main St., 90013
Santee Court – 716 S Los Angeles St, 90014
SB Grand – 312 W. 5th St, 90013
South Park Lofts – 818 South Grand Ave, 90017
Spring Arcade – 541 S Spring St, 90013
Title Guarantee – 411 5th St #1200, 90013
Union Lofts – 325 W 8th St, 90014
Visconti – 1221 W 3rd St, 90017
Watermarke Tower – 705 W 9th St, 90015

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                         NEW LISTINGS FOR SALE THIS WEEK DOWNTOWN LA

PH S AR ADDRESS U# LP BR BATHS SF HOD YB MAP LD ST DATE MLS DOC(S)
1. A 42 435 S LA FAYETTE PARK PL #303 #303 $459,000 2 2.00 (2 0 0 0) 1,428 $310.00
2. A 42 200 S RENO ST #301 #301 $375,000 2 2.00 (2 0 0 0) 1,124 $225.00 1984 634/B1
3. 16 A 42 416 S SPRING ST #609 #609 $845,000 2 2.00 (2 0 0 0) 1,394 $563.05 1914
4. 18 A 42 1850 INDUSTRIAL ST #608 #608 $498,000 1 1.00 (1 0 0 0) 630 $462.10 1925
5. 12 A 42 108 W 2ND ST #308 #308 $449,000 1 1.00 (1 0 0 0) 910 $616.64 1910 634/F4
6. A 42 1100 WILSHIRE #3609 #3609 $549,000 0 1.00 (1 0 0 0) 790 $698.98 1986
7. 7 A 42 1234 WILSHIRE #120 #120 $479,000 1 1.00 (1 0 0 0) 920 $378.00 2006
8. 35 A 42 315 E 8th ST #505 #505 $419,000 1 1.00 (1 0 0 0) 670 $468.00 1925 02/23/15
9. 21 A 42 420 S San Pedro ST #224 #224 $399,000 1 1.00 (1 0 0 0) 900 $410.00 1922
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                                         FIXER UPPERS: MYTHS AND FACTS

Fixer Uppers and handyman specials often represent a great way to get a fantastic deal on a home. As you are aware these homes often need work but if you are able and willing to do some of the work yourself, you could have an ideal home for much less than other comparable homes on the market that are already in showcase condition.

If you’re the type of person who recognizes a “diamond in the rough” you’ll know “a great deal when you see one” and you will be interested to know about a new, free Home-Hunter Service which automatically searches out and downloads a current list or properties – day in and day out.

This Service specializes in researching and providing you with the latest information about the very best buys of homes currently on the market that you can buy with little or no money down.

The unique and automated Home-Hunter Service enables you to get priority access to the hottest, new listings giving you the competitive edge so that you can save thousands of dollars by finding the best buys before other buyers even know about them. By being there first you’ll be able to negotiate to get the most home for the least amount of money. After all, the best deals get snapped up quickly by smart buyers like you.

Here’s how it works. Every evening a computerized system searches through all new listings from every real estate company, not just the L.A. Loft Blog, that have been listed in the past 24 hours. Real estate professionals review each and every one of these listings in order to find the best buys on the market. From this, we print out a comprehensive “Hot List” which we provide to you free of charge and without obligation.

For example, right now the “Hot List” identifies a number of large fixer upper properties in great neighborhoods that, with a little tender loving care, can become real gems. Because these homes require some work, you can turn any one of these handyman specials into a home that will present itself in showcase perfection for a lot less money than if you purchased such a home in pristine condition to begin with.

The Fixer Upper “Hot List” will help you identify the best buys on the market right now that are in your desired price range and location. This is offered as a FREE community service to help you save money, time and the inconvenience of searching for just the right property on your own. Remember, the service offers you a way to beat out other buyers before they even know about these listings, saving you up to thousands of dollars so that you can get the most home for the least amount of money. Buyers love this free Home-Hunter Service because it doesn’t cost them anything to get all the information they need, hassle-free and without feeling obligated.

You can request the free Home-Hunter Service by filling out the online form

Copyright © 2015 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 necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 478-0499 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.