Currently Available DTLA Properties Over 1500sf in Size

The fact is, developers are chopping up units like never before. Many of the upcoming new condos and conversions will be a higher price per sf (and more compact) than things were in 10 years ago. If you own a loft that's 1500sf or more, then hold on to it. As price per sf increases, you'll be sitting pretty. 1500+sf properties available now in DTLA:


Barker Block Loft #335 - 1620sf - $935k

EVO #613 - 1820sf - $1.195MM
EVO #1909 - 2400sf - $1.795MM
EVO #2303 - 3973sf - $3.4MM

Luma #701 - 1628sf - $1.299MM
Luma #402 - 1770sf - $1.175MM

Market Lofts #212 - 1583sf - $875k

Molino Loft #215 - 2657sf - $1.0888MM
Molino Loft #306 - 1810sf - $935k

Ritz Carlton #41B - 1980sf - $2.438955MM
Ritz Carlton #45E - 3170sf - $2.95MM
Ritz Carlton #50E - 2370sf - $3.25MM

Toy Warehouse #6 -  1778sf - $850k

1100 Wilshire #2702 - $1600sf -  $1.195MM

SOLD - Spacious 2 Bed, 2 Bath, 2 Balconies Overlooking Spring St Park - El Dorado Loft #409

Spring Street at it's best--a 2 bedroom, 2 bath loft with 2 private balconies overlooking Spring Street Park as the historic El Dorado building, formerly the home of Charlie Chaplin. Nearly 1400sf, the loft boasts stylish, high quality finishes such as built-in stainless steel Bosch appliances, Snaidero Italian cabinets, granite countertops, added island w/ additional storage, under-cabinet lighting, Franke stainless steel dual-basin kitchen sink, deep soaking tubs, ventless washer/dryer, pre-wired for speakers and surround sound, huge walk-in closet, coat closet and linen closet with built-in shelves. Building is Mills Act approved for significant tax savings. Asking $775k.

Courtesy of Jeremy McGinnis, Kobeissi Properties

Buy Low, Sell High

It seemed that not long ago, shortsales and foreclosures were the norm. Those who borrowed badly lost out, but DTLA fans made a killing buying up properties that were oftentimes half of what the previous owners had paid. Now that we're pretty much back at the height, many happy owners are following the old investing adage: buy low and sell high. The really savvy owners are buying low, selling high, and then buying two. Recent client scenario: he sold high, and is using his sizable net profit for downpayments on two properties because borrowing is so cheap right now. He will live in one and rent out the other. And guess what? Because rents are so high, the tenant will end up paying for my client's mortgage, with some extra cash flow to boot. The plan is to hold onto both properties for the next 6-10 years, then sell one off when the value goes up. Seriously, everyone should be doing this.

What about those who didn't buy low? You do the other savvy thing: buy and hold. Then in 6-10 years, when the skyline of downtown has become littered with luxury condos and double the amount of restaurants and retail, then you can sell and upgrade or buy some vacant land to sit on :)

DTLA Open Houses This Weekend 1/24-1/25

South Park
1155 S. Grand Ave #810 - Sunday 1-4
1100 Hope St. #510 - Sunday 1-4

Historic Core
416 Spring St #408 - Saturday 2-4

Art District
1855 Industrial St.#615 - Sunday 1-4
825 4th St #209 - 12-4 - Sunday 1-4

City West
1100 Wilshire #2510 - Saturday 2-4
1100 Wilshire #2001 - Saturday 1-4
1100 Wilshire #2702 - Saturday 1-4
1100 Wilshire #1908 - Saturday 1-4

SOLD - Art Deco Pedigree, Priceless City Views - Eastern Columbia #1106

The Eastern Columbia building is one of the most adored buildings in downtown. It's located on one of the hottest intersections in DTLA. Within the past year, it has gained neighbors such as The Ace Hotel, Acne, Aesop, Oak, Om Nom, 1810 and more. And this is just the tip of the iceberg, which should translate to even greater upside investment potential in the next 3-5 years The stunning 1930s art deco masterpiece features the iconic clock tower and bluish patina on the exterior, with a beautifully rehabbed interior by The KOR Group. Being one of the few, Mills Act-approved buildings, you'll also save on property taxes. This 11th floor unit features more than 1130sf of space, has a great layout with open floorplan. Faces south for lots of daytime sunlight. Includes 1 parking space. Offered at $799,000.

Snatched Up Within the Last 30 Days

Things are moving in DTLA. Good stuff is moving fast. If you missed out, better luck next time.

Douglas Loft #4B

Barker Block #540

EVO #2304

655 Hope #1002

Eastern Columbia #1005

Biscuit Lofts #305

Gallery Loft #2

Luma #1102

El Dorado Loft #707

El Dorado Loft #1106

SOLD - Spacious Loft in Coveted Art Deco Gem - Eastern Columbia #M11

The Eastern Columbia building is one of the most adored buildings in downtown. It's located on one of the hottest intersections in DTLA. Within the past year, it has gained neighbors such as The Ace Hotel, Acne, Aesop, Oak, Om Nom, 1810 and more. And this is just the tip of the iceberg, which should translate to even greater upside investment potential. The stunning 1930s art deco masterpiece features the iconic clock tower and bluish patina on the exterior, with a beautifully rehabbed interior by The KOR Group. Being one of the few, Mills Act-approved buildings, you'll also save on property taxes. This Mezzanine level unit features more than 1800sf of space, has a great layout with open floorplan and partially enclosed bedroom areas. Faces west for lots of daytime sunlight, has 2 beautiful bathrooms and an entertainer's kitchen. Includes 1 parking space. Offered at $799,000.

SOLD - Historic Loft with Huge Windows and Views - Rowan Building #1102

Own your own historic pied a terre with views. Beautiful, airy loft at the lovely Rowan Building on bustling Spring Street. Beautiful, spacious restored loft in the heart of the historic core boasts lovely east city views through its original oversized windows, wood floors and an entertainer's kitchen. Features an open plan with a partially walled off bedroom. The loft is 720sf and the asking price is $490k. Parking available in the adjacent building for a fee. The Rowan is a Mills Act designated building which saves you on property taxes.

SOLD - Spacious Industrial Loft in Art District South - Toy Factory #615

Arts District live/work loft that is a true warehouse conversion featuring polished concrete floors and stainless steel appliances. The building boasts a rooftop pool and gym--both with views for miles, lower rooftop courtyard and a full gym. Located across the street from Church & State, Daily Dose, Pour Haus, Little Bear, Urban Radish, Zinc, and just a couple blocks from Bestia, Stumptown, Bread Lounge, Blue Bottle Coffee, Factory Kitchen, etc. This pristine loft features upgrades throughout, and great natural light from massive windows. Listed at $849k for 1428sf of space. Has 1 bath and 1 parking space.

The Ever-Changing South Park Neighborhood

DTLA gets more well-rounded by the year. The majority of DTLA used to be historic buildings with a decent amount of 60s as well as 80s buildings that were developed along the financial district environs. Now there are sleek skyscrapers going up everywhere, and it's hard to keep up. South Park, with its large number of flat ground-level parking lots has undergone the most significant, skyline altering changes in recent years, and with every new building since 2009, the values of resale condos and loft has increased and rents continue to soar. What's fueling all this is the amazing development are projects such as The Ritz Carlton, The Courtyard Marriott, Fig & Central, where the Roberto Cavalli Club is set to be, and Metropolis, the luxury condo and hotel compound that will kickstart an influx of luxury boutiques coming in. It's also what's making South Park one of best investments.

SOLD ABOVE ASKING - Top Floor, Balcony, Nice Views - Barker Block #540

Hard to expect much more from this loft. It's got a lot going for it--private balcony, great views, privacy, and top floor location. Plus it a live/work loft in the Barker Block building, the darling of the Arts District. And it's the lowest priced Barker Block unit in a while. Designed by The KOR Group, the building boasts a lovely rooftop pool and gym--both with views for miles, courtyard areas and an art exhibition tunnel. Plus it's directly across the street from Urth Cafe, perfect for that morning coffee run. The stunning loft features original wood beams, beautiful polished concrete floors and sleek kitchen. Includes one assigned parking space. Listed at $550k.