There are two types of buyer's markets. When it tips in favor of standard buyers, and investors. Right now, DTLA is where it's becoming more investor friendly, meaning prices are immensely affordable. Where else can you find a
condo for $298K, in a historic Mills Act building where the owner gets to take advantage of the best kept secret--the Mills Act property tax savings. And where else in LA can you get a loft in a historic building or a unit in a luxury highrise with a pool, gym and front desk for under $600K?
It's starting to make sense for investors, as well as buyers from the east coast, SF, etc who want a second home base in LA. It's also making sense for buyers who want to diversify and put their funds in other assets that have a tax benefit as well as income generating potential.
Some amazing PRICE/SF deals:
