Staying on top of the urban property market requires staying on top of what home buyers, sellers, renters, landlords and investors are thinking and doing. The Loft Blog top ten articles point to the subjects that are foremost on everyone’s mind. Here’s the latest:

Top 10 Loft Blog Posts Today

Mills Act Downtown Los Angeles 2,630 Views

Frank Gehry Grand Avenue Project 321 Views

Free Real Estate, Affordable Lofts and Houses for a Dollar or Less #freerealestate #affordablelofts 164 Views

LOFTS FOR LEASE 149 Views

Dramatic Revelation: Luxury Tent Mansions of Skid Row #homeless #luxury 143 Views

Warehouse Lofts For Rent 90 Views

2-Story Condos, 2-Level Lofts with Mezzanines in Downtown Los Angeles Homes For Sale 57 Views

BUILDINGS

FLOWER STREET LOFTS 1130 S Flower St, Los Angeles, CA 90015

Live/Work Lofts Downtown LA vs. Residential Studio Apartments

BONUS:

LOFTS FOR SALE

Get a list of warehouse style lofts and condos. Fill out the online form:

  

  

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.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 Grand Downtown Los Angeles

Of the winners and losers bifurcating today’s challenged Downtown L.A., The Grand Avenue Project appears to be in the fast lane to victory. The Loft Blog has reported on stumbling mixed-use mega projects like OceanWide Plaza. In contrast, The Grand Avenue is successfully springing up, full-speed ahead in the cleaner, safer Bunker Hill / Civic Center neighborhood of DTLA. With whimsical architecture of Frank Gehry’s fanciful design, the primary structures have been largely completed. The mixed-use retail complex includes a 39-story residential rental apartment tower and a 20-story hotel. They boast views of the dramatic Disney Concert Hall across the street, and the Center Theatre Group right across the corner.

Get a list of new homes for sale or for lease in Downtown Los Angeles. Fill out the online form:

  

  

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.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.

612 S Flower St, Los Angeles CA 90017 |  Blog Video

The Pegasus building in Downtown Los Angeles has been a hot topic lately. Possibly because it now has a platform to help find roommates, making it easier, more affordable to live in a luxury high-rise with character, on a budget of around $1,000 a month.

While previously more famous as a mythical creature, later as Mobil corporate offices, Pegasus is an historic 1949 landmark, formerly known as The General Petroleum Building. The apartments combine rare style, convenience and value at a single Financial District destination just septs away from THE BLOC, along with access to the best of downtown’s bars, restaurants and shops. The Metro stop is around the corner, and LA Live is down the street. Within these smoke-free homes, 9-foot ceilings and large bi-fold windows create an open and airy ambiance. 

Apartment units include: Stainless Steel Appliances; Granite Countertops; Downtown Views; Washer and Dryer In-home; Central AC and Heat; and renovated units are available. The pet-friendly space is further enhanced by espresso toned floors and granite countertops. Stay fit and fun in the 24-hour rooftop fitness center and swimming pool. The largest pool in all of downtown LA, it offers truly stunning views. Residents have exclusive access to the Standard Hotel next door. From the amenities to the location, the experience at Pegasus has no equal. For future residents, valet parking is available off of Flower Street.

Building amenities includes: Rooftop BBQ and Grilling; Underground Parking Garage; 24-hour Attended Front Desk; Dry Cleaning Locker Service; 24-hour Rooftop Fitness Center; Laundry Facility; Business Center; Rentable Storage Available; Controlled Access; Concierge Service Package Service with Notifications; Minutes from THE BLOC; Chase Bank On-site; Public School 213 Restaurant On-site; Big Sugar Bakeshop On-site; Zipcar Vehicles On-site; Rentable Lounge Space.

Get information on the famous 3-Hour Loft Tour. Fill out the online form.

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.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.

Prospective L.A. urban home buyers can save lots of time, money and frustration by using a very simple service. It’s the faster, easier, more complete way to do due diligence, get information on lawsuits, litigation, rulings, renter ratio, issues in the building, and other vital investment details before buying a condo unit in Downtown Los Angeles. Fill out the online form:

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.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.

They say “the best things in life are free”. Sometimes, prospective home buyers can get more than they expect for less. As we are in the Greater Depression of the 2020s, here are seven places to find unexpected abode bargains: #onedollarhouse

Selling Houses for $1 – This is not the first time that Youtuber Mr. Beast has given away homes. He’s given away many houses in the past few years. If you need a home, and you’re broke, then feast your eyes on Mr. Beast at 

Free Houses in Italy – These homes in Europe have no price tag, but they do have a moderately significant cost.

Free Houses in Japan – Say sayonara to expensive, dangerous big cities, and Kon’nichiwa to free or cheap homes in rural Nippon.

Free Real Estate in Los Angeles – While this option may only be suitable for the very downtrodden, the City of Los Angeles has been permitting homeless, and those who are close to being homeless, to camp out on city sidewalks for extended periods of time, with many anti-camping, anti-vagrancy and anti-littering laws suspended or waived. The city also allows storage of virtually unlimited personal belongings on the sidewalks and streets. While squatting on the dangerous streets of L.A. is not recommended, thousands are taking advantage of this rare prime real estate deal, with tent encampments growing by leaps and bounds. Homeless digs are not all bad — take a look at these homeless tent mansions of Skid Row.

Free Virtual Real Estate – For those who don’t necessarily need to reside at their properties, virtual real estate and digital real estate are new ways to fill the bill, from $0 to hundreds of thousands for properties that do not physically exist. Best of all, blockchain-based digital real estate may rapidly grow in value, with the potential to earn enough cash to buy an amazing Los Angeles loft that you can actually touch and live in. Entar is actually merging blockchain cryptocurrency with real estate and other physical assets. Grow your investment portfolio starting with zero dollars! Start mining some Entar Coin, while it is still virtually free. |  MORE

Section 8 – For those needing financial assistance, big brother has the bucks, and can sometimes pitch in quite a bit of dough to make the rent much lighter. Visit HUD.

Homestead Off the Grid – Here are some of the best places in the world to live more independently, economically and ecologically. 

Get a list of affordable lofts. Fill out the online form:

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.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.

HOME PRICES DROP (Downtown Los Angeles, CA) — February urban L.A. home values are down significantly from a year ago, with fewer properties sold, taking longer to sell, selling at lower prices, and less total home sales. The median price dropped by a significant 14.2%. Each property took 18% longer to sell, according to the MLS agents multiple listing service for Downtown and nearby loft neighorhood areas 23, 42 and 1375, comparing last month to the same period of the previous year. Compare: #marketreport

2020: 37 properties sold; 73 average days on market; $620,000 median price; $26 million total volume

2021: 35 properties sold; 89 average days on market; $532,000 median price; $22 million total volume

READER QUESTIONS

Q: DTLA Building Report, ShyBury Grand – Investment Report, Lawsuit. Request: How many of the units are rented vs being owned by private residences. — Teri A: Thank you for your request. SB Grandhas a high renter ratio, likely around 60% or more renters. The HOA has approved a large renovation project for the building. No record found regarding current litigation, but there may be undisclosed litigation. The building exterior will be repainted, lobby and hallways completely redone, rooftop painted and new furniture installed. Building is currently undergoing cosmetic facelift with no special assessment or increase in HOA dues expected. Call for more details 213-880-9910.

Get building report with valuable information on litigation, lawsuits and investment info. Fill out the online form:

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.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.

More Downtown sellers and landlords find that they need to reduce asking prices.

Knowing what home buyers, sellers, renters, landlords and investors are doing today gives great advantages. Here’s what they are searching for and reading:

Mills Act Downtown Los Angeles 3,462 Views

LOFTS FOR LEASE 172 Views

Buying a Home in Orange County 136 Views

Live/Work Lofts Downtown LA vs. Residential Studio Apartments 97 Views

2-Story Condos, 2-Level Lofts with Mezzanines in Downtown Los Angeles Homes For Sale 92 Views

Warehouse Lofts For Rent 88 Views

Los Angeles Real Estate Top 10 Downtown Loft and Condo Topics 63 Views

Get a free list of distressed lofts. Fill out the online form:

Some lofts are lacking closets. Ikea closets are a storage solution that also make great room dividers.

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.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.

DTLA Market Report — The Loft Blog plans to have the February 2021 real estate market report numbers within the next day or two. In the mean time, the busy real estate season has begun in Downtown L.A. For the last several weeks, the brokers, agents and administrators in our staff have been busy. Downtown L.A. has made progress in restoring businesses. In fact, it’s been rather difficult to find parking in the Historic Core lately. The most requested buildings recently have been the Rowan Building, Cornell Building, Barker Block, Higgins Building, Bartlett Building, Pan American, Alta Lofts, Eastern Columbia and Flower Street Lofts.

To keep up with increasing demand and recent increased Department of Real Estate and Realtor documentation requirements, the Loft Blog is implementing paid subscription and tour options for those placing customer service requests and agent requests. This includes request for property information, property viewings, tours, information and reports. Paid subscriptions and paid tours allow the Loft Blog team to improve our customer service and to offer additional services in the near future.

Get a list of distressed lofts and condos for sale. Fill out the online form:

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.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.

Want an easier time finding the perfect loft to rent?  If you prefer to be fully informed of all of the choices in Downtown living, you can get a priority appointment for Downtown’s private tour that includes agent listings in condo lofts for lease, loft apartments, hard-to-find managed community lofts as well as unlisted and unadvertised rental bargains. The tour saves the average Downtown renter $600 the first year. Out of town?  Apply before going to see places in person! For those who are new to Downtown, this tour is an absolute must.  Even if you are already familiar with Downtown, you can save thousands of dollars when you get priviledged, exclusive information and priority access to the best deals in Downtown living.  Your satisfaction is 100% guaranteed or your money back. $295.00 Pay for tour now at http://bit.ly/loftrentaltourPay for Tour $295.00

Then, let us know the date and time that you’d like your tour. –The prepaid tour lets you:

• See agent listings and unlisted bargain rentals in one trip
• Get professional assistance from a licensed Downtown specialist Realtor(R)
• Hear the pros and cons of each building
• Get help negotiating the lowest price and best terms from an experienced negotiator
• Spend 3 hours instead of many days searching
• See the best matches based on your needs and desires
• Free transportation and free parking during the tour
• Request specific properties, or our team will show you the best matches
• Get priority appointments
• Apply for more than one rental using the same credit report and application (may not apply to all buildings)
• Get extra help and free follow-up for up to 2 months

$295.00 Pay for tour now at http://bit.ly/loftrentaltourPay for Tour $295.00Then, let us know the date and time that you’d like your tour.

Tour provided by Downtown Specialist:

Corey Chambers, REALTOR® (213) 478-0499 tour@laloft.org LAloftTour.com L.A. Loft Blog   200 N. San Fernando Rd., #119, Los Angeles, CA 90031

Loft Blog Premium $29 / mo. Exclusive information. | PAY

 

Loft Blog Pro $99 / mo. For real estate pros | PAY

 

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REAL ESTATE NEWS

The Loft Blog Top Ten lists have been quite popular lately. We’ve covered the top ten most popular articles and topics. Today, we’re revealing the top 10 requests recently made by Loft Blog readers who have responded to our information request forms. Now we really know what Loft Blog readers are thinking, asking and doing in today’s real estate market. Here are the top ten most popular information requests:

Rent to Own Loft and Condo Tour Information

RENT in the Greater Los Angeles Area

Lease Application to Rent / Screening Fee

L.A. Loft and Condo Information Request

L.A. Unlisted Lofts New Pocket Listings Request

OC Unlisted Homes New Pocket Listings Request

Mills Act Condo Listings Downtown Los Angeles

Industrial Loft and Condo Information Request

Arts District Lofts, Condos and Apartments

Live/Work Lofts New Listings Request

Bonus:

Pocket Listings Downtown LA |  TELL US WHAT YOU THINK

  

  

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.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. |  COMMENT