LA Loft Blog

SOLD PROPERTIES DOWNTOWN LOS ANGELES

STATUS: Sold ADDRESS: 315 E 8TH ST #605, LOS ANGELES ,CA 90014 SP: $385,000

RESIDENTIAL CONDO / COOP AREA: (42) Downtown L.A. MAP: 634/F5 MLS#: 15-
STYLE: Architectural SUB: PUD: No YB: 1925 BA: 1.00 (1 0 0 0)
APN: 5145-003-051 HOA: HOD: $467.00 STORIES: 0 APX SF: 670/VN
UNIT LOC: N/A VIEW: Yes POOL: Yes #UNITS: 69 EQ INS:
EXP: N/A PETS: Yes FP: FLR#: 6 PKGT:

DIRECTIONS: North of 9th Street, East of Los Angeles Street, West of Maple Street, South of 7th Street. Google Maps
REMARKS: Rare East-Facing Loft in the Textile Building in Santee Village, with Views of the Fashion District and Beyond. High Ceilings, Open Floor Plan, and the Original Industrial Casing Windows. Newly Refinished Concrete Floors, New Stainless Fridge and Gas Range, Freshly Painted, New Blackout Shades. Spacious Bathroom with Washer/Dryer and Over sized Tub. Historic Building (1925) with Reduced Property Taxes through the Mills Act. Low HOAs ($468/mo) with tons of Amenities, including Dedicated Parking Space under Santee Court and Dedicated Storage Unit In Textile Bldg Basement. Listed in the National Register of Historic Places, the Textile Building is a 12-story, 69-unit Gothic Revival Landmark overlooking the Fashion District. As part of the Urban Community of Santee Village, Amenities include Rooftop Pool, Spa, Fitness Center, and Gourmet Market. Blocks to the best Restaurants, Nightlife, and Shopping in Downtown; Short Walk to the Metro, LA Live, and the future Whole Foods. Click here to anonymously report a potential violation. 

ROOMS: Loft
AMENITIES: Assoc Barbecue,Assoc Maintains Landscape,Assoc Pet Rules,Basketball Court,Controlled Access,Dock,Elevator,Extra Storage,Fire Pit,Fitness Center,Pool
EQUIP: Cable,Dryer,Garbage Disposal,Range/Oven,Refrigerator,Washer
AIR: Air Conditioning HEAT: Central
FLOOR: Cement,Tile LAUNDRY: In Unit
POOL: Association Pool,Community LAND TYPE:
PARK: Assigned TYPE: Condominium,Conversion,High Rise,Loft
VIEW TYPE: City Lights
OCC/SHOW: Appointment w/List. Office,Call LA 1 SALE TYPE: Standard
LP: $399,000 DOM: 45 LD: 01/06/2015 SP: $385,000 SSP: BLOG Y/N: Yes LP/SF: $595.52
OLP: $399,000 CDOM: CD: 01/28/2015 SD: 02/20/2015 WD: AVM Y/N: Yes SP/SF: $574.63

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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.

L.A. Loft Blog Reader Questions

I’m an avid reader of your LA Loft Blog and I have a question regarding rent control in downtown Los Angeles.

Do downtown lofts (specifically the Rowan and Eastern Columbia) fall under rent control? I have read the rent control ordinance papers by the city of Los Angeles and it seems that they are subject to rent control, however I went to an open house today at the rowan and the agent specifically stated that the Rowan and other downtown “loft conversions” are not subject to rent control as they are “single units” and not multi units. Is this true? The last thing that I want is to purchase a unit in the Rowan only to find out that I will have to pay hefty relocation fees to my future tenants if I decide to move back into the unit after lease expiration.

Thanks and keep up the good work at LA Loft Blog!

- Colin Stevens

____________________________________________________________

Hi Colin.

Thanks for your question about rent control.  Both sources may be correct.  We have not seen any limitations on rents in Downtown.  While all rentals in Los Angeles fall under rent control laws, there are varying criteria, exceptions and loopholes.  The high price range and building construction dates of Downtown lofts are two factors that may allow for higher rents and rent increases.  Ask the City of Los Angeles, and consult with a real estate attorney for specifics of rent control laws.

-

More resources about Los Angeles rent control for renters and landlords:

http://www.caltenantlaw.com/LARSO.htm
http://lahd.lacity.org/lahdinternet/
http://www.latimes.com/la-op-dustup11apr11-story.html#page=1

To Get a Downtown LA Rental Listings For FREE. Please Fill 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.

       First-Time Buyers in Downtown Los Angeles:
         How to Stop Paying Rent and Own Your Own Home

Downtown is the place to live for more and more young professionals who find the urban vibe to be very energetic and appealing. The new nightlife, shops and restaurants coming to Downtown add a great deal of interest for those who are just starting a new career or a new phase of life. 

In Downtown LA, more than half of all new homebuyers are first time buyers who have been staying with parents to save money for a down payment, or have been renting for some time.

If you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours. You’re always thinking about how you can get out of this rut and leap the hurdle into home ownership.

If you’d like to break free of the “rental rut” and become a homeowner just as soon as possible, you can order a free list of homes that you can buy with little or no money down in your desired price range and area.

A free Home-Hunter Service specializes in researching and providing you with the latest information about the very best buys of affordable starter homes currently on the market. The unique, automated 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 Home-Hunter 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,  a comprehensive “Hot List” is printed and provided to you free of charge and without obligation.

For example, right now the First Time Buyers “Hot List” identifies a number of affordable starter homes to help you get into the housing market and stop paying rent – forever. There are several homes in great neighborhoods. Some of which feature large spaces, high ceilings, 24-hour security, lots of windows, bright light and much more, all at affordable prices so that you can break out of the “renter’s rut” and have a place to call your own.

The First Time Buyers “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 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 the 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 at NoRentLA.com or fill 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.

     FIND OUT WHAT LOFTS IN DOWNTOWN RECENTLY SOLD FOR

Taking a look at what condominiums and lofts in Downtown LA have sold for is a great way to educate yourself on the marketplace. Knowing what a nearby home sold for can help you determine what your home might sell for if you decided to put it on the market. We can give a head-start by giving you privileged access to a FREE computerized printout of recent Home Sales and Current Listings sent to you at No Cost or Obligation.

Whether you’re planning to move or not, you can request this free service at LAcondoInfo.com.  Find out what homes down the street sold for. Free computerized list with pics of area home sales and current listings at LAloftPrice.com

For a FREE List of Recent Home Sales and Active Listings in Your Area Please fill out the online form

The Real Estate Catch 22, and “How to Avoid Getting Stuck With Two Homes”

Downtown L.A. – Every month, thousands of homeowners are faced with the stressful dilemma of whether to buy first or to sell first. For example, if you were to buy before selling, you could run the risk of owning two homes, or, just as bad, if you sell first, you could end up homeless.This what insiders in the industry call the Real Estate Catch 22, and it’s can be extremely anxious position for anyone to find themselves in.

This financial and emotional tightrope is one you usually have to walk alone because most agents have no way of helping you with this predicament. But one local realtor is using a unique Guaranteed Sale Program which solves this dilemma.

This program guarantees the sale of your present home before you take possession of your new one. If your home doesn’t sell in 120 days, they will buy it from you themselves for the previously agreed price ensuring that you never get caught in the Real Estate Catch 22.

Before you hire any professional, you should research the market to find out who can do the best job for you. When interviewing agents, find out what kind of guarantee they are willing to give you with respect to the selling of your home. Unfortunately, you’ll find that most agents simply cannot make such a guarantee.

To help you learn more about this program and how it can make your move less stressful, a FREE special report has been prepared entitled “How to Avoid Getting Stuck with Two Homes”. To order a FREE Special Report, visit www.HomeSoldForSure.com
Get your free special report NOW to find out how to guarantee the cash sale of your home.

This report is courtesy of Corey Chambers, Realty Source Inc BRE#01889449. Not intended to solicit buyers or sellers currently under contract. Copyright © 2015

Bunker Hill Tower Condominium in Downtown Los Angeles 24-hour Security Concierge, Two Fitness Centers, Utilities Included.

Enjoy one of the supreme high-rise views in this stunningly remodeled luxury condominium unit in the superb Bunker Hill Tower building. Floor-to-ceiling windows bring in breathtaking city views straight down Flower Street through Downtown's Financial District.

Marble tile floors throughout, glass partitions, oversize roman bathtub, separate steam shower, granite counter tops, bright south-facing unit with storage closet next door.

Excellent building amenities include guest parking, 24-hour security front desk concierge, tennis courts, 2 fitness centers, Olympic geodesic heated swimming pool, hot tub spa, sauna, barbecue picnic area, recreation rooms 2.5 acres of common area grounds with rose garden.

The building also contains a convenience store market, dry cleaner and hair salon. The best neighborhood in Downtown, Walk to Disney Concert Hall, Center Theater Group, Civic Center, Broad Museum, Financial District, Restaurants and Metro Station. HOD $765 includes all utilities: electricity, air conditioning, heating, water, gas, cable TV and internet.

Today, it's time to get lucky! Take advantage of this rare opportunity to see the most luxurious 1-bedroom condo unit with bathroom spa. Call Corey Chambers (213) 880-9910 to request a special viewing.  762 sq ft, 1 Bedroom, 1 Bathroom, 1 Covered Parking Space.

Free list of Downtown luxury towers for sale and for lease. Please fill 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 associated with the home owner's association 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.

For Sale in Luma:  1 Bedroom, 1Bathroom, 1 Parking, 990 sq ft, Not on the MLS

A new unlisted modern construction soft loft with west facing views, spacious open floor plan, floor-to-ceiling windows, modern kitchen, balcony, enclosed bedroom.

In South Park District by Staples Center / LA Live, just walking distance to restaurants, clubs, Lakers, Clippers and Kings home games, theaters, concerts and events.

The 19-story Luma Building with full service staff and resort-style amenities including pool terrace, Viking Barbecues, Pool, Spa, Gym and underground parking.The price $735,000

To see this and other Downtown lofts and condos that are off market, private listings, pocket listings and unlisted properties.Please fill 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 associated with the home owner’s association, seller or developer. Pocket listing courtesy Greg Stangle, Premier Real Estate. 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.

For the third time in 3 months, a fraudster is successfully stealing identities of Downtown Los Angeles renters by impersonating a landlord, using the name of a real estate agent, and using photos and descriptions of previously posted properties for lease.

 

 

The perpetrator creates a Craigslist ad that looks authentic with full description, beautiful photos, attractive video, all copied from previous legitimate real estate listing.  The asking price is about 1/2 to 1/3 of the real value, luring many unsuspecting renters who really need a Downtown rental bargain.

The scammer claims to be out of town and tells renters to fill out a Rocket Lease rental application form to capture all of the renter’s personal information to sell on the black market of stolen identities. The fraudster creates fake YouTube and Vimeo accounts to mimic the real videos. To give the impression that there is a real person around, the fraudster promises an open house soon, and the criminal provides an anonymous text phone line to make it appear as though there is a legitimate person to communicate with.

The latest fake rental listing is at http://losangeles.craigslist.org/lac/apa/4890514985.html

Please help to put an end to this fraud.  If you see any Craigslist ads with prices that are much less than the market price, then FLAG the ad.   If you see any Craigslist ad with a Rocketlease.com rental application link, then FLAG the Craigslist ad.  If you see any Craigslist ad with an anonymous text phone number, then FLAG the Craigslist ad.  Send a text to the fraudster to tell them that their fraud will not be tolerated in Downtown Los Angeles.

Send a text to the fraudster to let him know what you think about his rental fraud and identify theft at 213-992-5864

Enjoy one of Downtown supreme high-rise views in this stunningly remodeled luxury condominium unit in the superb Bunker Hill Tower Building providing a view straight down Flower Street through Downtown’s Financial District.

This extravagance unit comes equip with marble tile floors throughout, glass partitions, oversize roman bathtub, separate steam shower, granite counter tops,and a bright south-facing unit.

The building amenities include: guest parking, 24-hour security front desk concierge, tennis courts, fitness center, giant geodesic heated pool, hot tub spa, sauna, barbecue picnic area and recreation rooms.
Easy walk to Disney Concert Hall, Center Theater Group, Civic Center, Broad Museum, Financial District, Restaurants and Metro Station.

Today, it’s time to get lucky! Take advantage of this pocket listing opportunity to see the off-market property before it is re-listed to the public. Call Corey Chambers (213) 880-9910 to request a special viewing.


800 W 1st Street #1707 Los Angeles, CA 90012

The status of FHA / VA approved buildings is a dynamic hit-or-miss situation because the Federal Housing Administration having various strict requirements for buildings. For example, one downtown community recently lost their FHA approval because of too many rental units in their building. Alta Lofts building temporarily lost FHA / VA approval because the number of FHA borrowers was maxed out.

So, even today, a building may or may not be FHA approved and possibly your loan might not go through tomorrow. A lender can request the FHA to approve or re-approve a building, but often the best option is to buy a house or condo outside of Downtown, or to find some of the new loft developments around the area. New construction is more likely to offer FHA/VA programs for buyers.

These Downtown loft and condo buildings have currently or previously been approved for FHA financing, so they offer the greatest possibility of financing with 3.5% or 5% down:

Evo
Elleven
Luma
Market Lofts
Mura
Tokyo Villa
Alta
Gallery
More at http:// laloftblog.com

If you have any more questions about Downtown LA lofts and condos, request more updated FHA info.Please fill out the online form

How to Secure Super-Low Down Payment Home Loans When You Buy a Home
Los Angeles – A new report has just been released which identifies a foolproof 3-point plan which any homebuyer can use to secure the best financing rates when they buy a home.

When you’re looking to buy a home, the first thing most homebuyers do is start the process of househunting. However, experience proves that this is one of the last steps you should be taking if you want to get the most home for the least amount of money. In fact, shopping for the best financing should start long before you start shopping for a home.

The experience of thousands of area homebuyers has been summarized in a new report entitled “Best Financing: A 3-Point Plan”. This report outlines 3 critical steps you must take to obtain the absolute best financing rates when you buy a home. It tells you where you should go, what questions you should ask, and how to manage the process to your personal advantage. To order a FREE Special Report, visit www.LowDownLA.com

Receive a free special report TODAY to learn how to obtain the best financing rates when you buy your next home.

This report is courtesy of Corey Chambers, Realty Source Inc BRE#01889449. Not intended to solicit buyers or sellers currently under contract. Copyright © 2015