Saturday, February 6, 2016

Want Over 1300sf of Space? There are Currently A Few Gems Available.

I keep reiterating that things are getting smaller in DTLA. It's a fact that nearly all the new residential development will have studios and "1-bedrooms" starting around 550sf. That sounds small--because it is. Even the converted historic spaces are getting smaller as land and construction costs are going up, so developers are chopping up the units. Their bottom line is to get as many livable units onto a floor as building codes will allow.

That said, things that are close to 1000sf will become more desirable. An 800sf 1-bedroom is being considered ample now. And anything over 1200+sf is considered spacious. Currently available "oversized" lofts in unique buildings:

Douglas Penthouse #MN
Corner unit, Skylight, rare 2 parking spaces, Mills Act
2100sf, Asking $2.1MM

Little Tokyo Loft #106
End unit, Skylight, 2 parking spaces, Private Outdoor Space, 2 Levels
1800sf, Asking $1.058MM 


Tomahawk Loft #6
Entire Floor Unit (Street to Street), Private Elevator Stop
1640sf, Asking $1.049MM 


Barker Block #443
City Views, Original Rafter Ceilings
1510sf, Asking $995k


Flower Street Lofts #118
2 Levels, 2 Parking Spaces
1420sf, Asking $699k
940 E. 2nd #8
3 Levels, Private Rooftop Deck, Skylight
1330sf, Asking $879k