Monday, June 30, 2014

SOLD - Great Investment on Broadway - Pan American Lofts #410

Exactly one year ago, things were very different on Broadway. These days, good luck if you're looking for condo on Broadway for under 600k. And even better luck to developers if you're in the market for a complete do-over commercial building for under 5MM. However, every now and then good things do come up on one of the most coveted streets in DTLA, like this loft at the Pan American Lofts. The building is located on Broadway just steps from Grand Central Market, Maccheroni Republic, The Edison, Badmaash, Groundwork Coffee, Pitfire Pizza, the LAPD dog run, Grand Central Park, and just blocks from The Ace Hotel and soon-to-be Kinfolk Studios, and Little Tokyo. This unit is a 1 bed, 1 bath with original brick walls and faces west for lots of sunlight during the afternoons. Beatiful Pan American building that was originally built in 1895 and has film pedigree. Parking is not included, but covered parking is available nearby for $100-$150/mo. The price is hard to beat at $399k.