L.A.'s Largest Homeless Housing Building to Begin Construction on Skid Row

The Weingart Towers to begin construction and targeting a 2023 completion. https://www.weingart.org/building-the-future

It's a step in the right direction and HHH funds finally being used.

Building Highlight - Elleven Condos

Situated on the corner of Grand Ave and 11th St, the Elleven Condos was the first LEED Certified residential building in DTLA! The immaculately kept building has maintained its luxury status with a first class staff, 24/7 concierge-like front desk services, onsite manager 5 days per week, onsite engineer, and amenities such as a south-facing pool deck with hot tub, and garden deck with lush foliage, fireplace, lounge areas, Viking BBQ Grills, and fountain. 

Featured units below:

Elleven #614 - 960sf - 1+1

East facing with views of Grand Ave, South Park Commons, and tree tops. Has a built-in wall partition separating bedroom area, a huge laundry and storage room, glass shower doors. 1 Parking space with Asking $565k 

Coldwell Banker

Elleven #PH5 - 3150sf - 3+2.5

Northwest with views of the DTLA skyline. Has a spacious corner balcony for indoor/outdoor entertaining, grand open plan living areas, rare double entry doors, 2 rare storage units, 2 side by side parking spaces.

Asking $3.795M 

WEA

Big DTLA Open House Event - Sunday 9/12 from 12-4pm

30+ units will be holding open houses for the first time since COVID began. Here's your chance to tour the lofts--great inventory lately, especially in South Park. There's some really interesting ones on the market right now. 

#DTLAisOpen

Visit here to see all the open houses: www.AgentsDowntown.com

How to Win the House in a Seller's Market

I normally HATE games in real estate. It just makes everything so much more complicated in an already complicated process. But sometimes, we do have to play, especially in a very competitive market. Particularly for single family homes right now. What a crazy past 18 mos, who knew real estate would be over 25% above 2019 prices on average? Pandemic pricing. 

Right now the ONLY way to win the housing bidding wars is to:

1. Pay more than any other bidder

2. Have the best terms (short escrow, all cash if possible)

3. Negotiate once you're in escrow (Hate this one, but it does work)

4. Get it before it hits the market (I personally love these, and lots of my buyer clients have had no competition because of this. The key is to be ready to bid ON THE SPOT if you like it).