Super Lofts Available - 2000sf and Larger

600sf is the new 800sf. What I mean is that new units are getting smaller in scale, and the small 800-900sf 1-bedrooms we used to snicker at are now considered large 1-bedrooms. 1000sf is pretty much consider HUGE. Size is becoming a huge commodity, as land and building costs are rising. Back in 2003-2007, developers were a lot more generous, which is why you often get more square footage for your money in buildings that were either built or converted in that period.

Here are some interesting "super lofts" available for sale now:

1100 Wilshire #3702 - 3000SF - 2 Parking Spaces

$5,950,000

Molino Lofts #213 - 4260SF - 5 Parking Spaces

$1,985,000

  

Barker Block Lofts #102 - 2660SF - 2 Parking Spaces

$1,675,000

Barker Block Lofts #144 - 2460SF - 2 Parking Spaces

$1,795,000

TEN50 PH5 - 2268SF - 2 Parking Spaces

$2,600,000

Flower Street Lofts - 2149SF - 2 Parking Spaces

$969,000

Barker Block Lofts #121 - 2040SF - 2 Parking Spaces

$1,200,000

Luma PH105 - 2001SF - 2 Parking Spaces

$1,995,000

Activity in the Arts District - Biscuit Lofts and Molino Lofts

The Arts District of DTLA has been hot for a while now. Prices climbing every year, more residents moving to the area, and lots of retail and businesses locating there. Compared to other warehouse districts in NY SF, Austin, Shoreditch in London, it's still a very sparse area. And those who are getting in early are able to snag oversized spaces and units in Mills Act buildings. See below.

Molino Lofts #118
This super loft is currently being used as an office. It is a live/work building and a wonderful investment in a hot area. 2560sf, with original brick walls, updated kitchen, 3 enclosed offices, 2 bathrooms, 1 assigned parking space. Steps from Urth Cafe, Little Tokyo, Zinc, The Springs, Blue Bottle. There is a rooftop pool, gym, sundeck. Asking $1.199MM


Biscuit Co. Lofts #402
This loft in the historic and Mills Act designated building would make for a wonderful pied a terre in the Arts District. 617sf, with original brick wall details, updated stainless kitchen and 1 assigned parking space. There is a lap pool, gym, 24 hour front desk security. Steps from Church & State, Daily Dose, Stumptown Coffee, Bestia, Little Bear, Pour Haus, Zinc, The Springs. Asking $545k.

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