Unique Properties in DTLA - Open This Weekend June 6 & 7

Some interesting properties and projects currently on the market in DTLA:

Eastern Columbia #708 

ASKING $1.1M

Mills Act building for up to 70% off property taxes

1 bed, 2 baths, 1540sf

Corner unit w/ 1 parking, plus rare storage unit

Amazing opportunity to get in on a 7th floor loft w/ views

OPEN THIS SAT/SUN JUNE 6/7 from 1-4PM

Eastern Columbia #203 

ASKING $590K

Mills Act building for up to 70% off property taxes

1 bed, 1 baths, 900sf

Charming unit w/1 parking w/ EV Charger

Amazing opportunity to get a Broadway facing loft w/ tree top views

OPEN THIS SAT/SUN JUNE 6/7 from 1-4PM

Eastern Columbia #812

ASKING $1.495K

Mills Act building for up to 70% off property taxes

2 bed, 2 baths, 1740sf

Meticulously remodeled unit w/1 parking w/ EV Charger

Amazing opportunity to get a loft with a large balcony

OPEN THIS SAT/SUN JUNE 6/7 from 1-4PM

Bartlett Loft #307

ASKING $299K

Mills Act building for up to 70% off property taxes

1 bed, 1 baths, 750sf

True NY style live/work loft w/ south facing views

A true deal at $299K, a rare find for a Mills Act approved loft

OPEN THIS SUN JUNE 7 from 1-3PM

Bartlett Loft #907

ASKING $435K

Mills Act building for up to 70% off property taxes

1 bed, 1 baths, 770sf

True NY style live/work loft w/ south facing views

Custom built ins and beautiful sky views from the 9th floor

OPEN THIS SUN JUNE 7 from 1-3PM

Bartlett Loft #508

ASKING $439K

Mills Act building for up to 70% off property taxes

1 bed, 1 baths, 770sf

True NY style live/work CORNER loft w/ south east facing views

Corner orientation and double entry doors for flex configuration of space

OPEN THIS SUN JUNE 7 from 1-3PM

The Real Estate Market is Stagnant and It's No Surprise

This is the reality, the market is stagnant across the country, and in LA. Of course there are pockets of brisker activity (Think South Pasadena, Silverlake), but everything is sitting on the market longer and price drops are the norm. 

It's no surprise when you think about it. The prices shot up to unsustainable levels from 2018-2023. Then in 2024 the mortgage rates shot up along with post-COVID inflation. Then in 2025 the property insurance rates shot up. AI fears resulted in job insecurity and layoffs. More inflation. Wars raged into 2026 and companies continue to have layoffs. So here we are. 

So what's the plan? Well Sellers need to be realistic that prices are not at the height. If you've made a profit, consider yourself lucky. Don't expect to make a profit if you've bought in the past 18-20 months. You'll be lucky to call it even.

Buyers should be buying up. There has never been a better time than since the GFC (Great Financial Crash) to buy properties in a non-multiple offer market, as well as a market in which there are price drops, and sellers are willing to do rate buydowns for buyers. 

Judson apartments on Broadway Sells for 14M

 Judson Building on Broadway Sells for 14M

Kidder Mathews Arranges $14.75M Sale of 60-Unit Historic Multifamily Property in Downtown LA | Kidder Mathews

Buyer for Graffiti Towers Finally Found

 KPC Group Buys "Graffiti Towers" for 500M

The eyesore on Figueroa and 11th Streets, formerly known as Oceanwide Plaza, is finally being sold to the KPC Group who will complete the project which is only about 60% completed, with the hotel portion being completed first in time for the 2028 Olympics.

Why We Love LIVE/WORK Properties

They are few and far between, but live/work properties are wonderful with virtually only upsides. 

- You can legally operate a business out of them, with some restrictions of course (can't be a restaurant if it's not zoned for a restaurant).

- Tax benefits for sole proprietors, LLCs, etc (Ask your CPA about it!)

- Often converted or adapted re-use projects, making them more sustainable than other properties/buildings

- As an owner, you have the choice to live in, or work in, or BOTH in the property (some examples include graphic designers, attorneys, accountants, editors, fashion designers, artists, company showrooms, filming locations)

- As a landlord, you have a larger audience pool of renters, from people who want to live and/or work or both in the property

- As a seller, you can market to both residential and commercial buyers

- Unique communities in which there is an intersection of lifestyle and commerce in one place

- Oftentimes, values are higher in some of these live/work buildings due to their hybrid nature

- Ideal for hybrid work-from-home users

And while there are not too many of them, some areas have a higher concentration of them. 

- DTLA has a large concentration of over 20 live/work zoned buildings. 

- Hollywood has live/work buildings dotted around the neighborhood

- Culver City 

- Pasadena