DTLA - The Only Place That's a Buyer's Market

One thing the shake up of city centers did during COVID was offer unique, first-time-on-market, and sometime bargains for prime properties. A colleague of mine nabbed two properties in the West Village of NYC, and got them for about 25% below pre-COVID prices. A few lucky buyers recently got some of the best units at Eastern Columbia, some that had hit the market for the first time. 

Collectors seem to be buying up unique units that they'd never otherwise see on the market, including rare penthouses that have been significantly upgraded. One person's loss is another one's gain, I guess.

Some of the best units on the market right now:

Eastern Columbia #202
1+1+1pkg - 1150sf - Mills Act Building! - $885k

Coldwell Banker

Elleven #408

2+2+2pkg - 1650sf - Comes with a storage unit! - $1.1M

Compass

Biscuit Lofts #412

1+1+1pkg - Faces the DTLA Skyline! - $1.199M

Douglas Elliman

Eckardt #505

1+1+1pkg - Mills Acts Building! - $545k

Guadalupe Flores

Textile Lofts - #506

1+1+1pkg - 890sf - $635k - Mill Act!

Keller Williams

More Activity in the Arts District - Barker Block & Biscuit Lofts

DTLA Arts District has become one of the most valuable areas in which to invest. Prices have been steadily rising, and it's no wonder with developments of theaters, galleries, shops, restaurants, GROW market, upcoming SOHO House, Garey Lofts, @Mateo, revitalization of the Coca Cola Building, etc.

Three new lofts available for sale:

Barker Block #542 - 1110sf - 849k

Russell Roney, KW

Barker Block #424 - 1070sf - 750k

Ted Trentman, Realty Source

Biscuit Lofts #114 - 980sf - $748k

Gil Saraf, KW

Historic Lofts for Sale - Biscuit Lofts, Toy Factory Lofts and Textile Lofts

Inventory is super low in DTLA, what's new? About 80 properties for sale in the whole of the downtown. Below are recently available properties in great buildings. Check them out at their open houses on Sunday 3/22. UPDATE: All of the properties below have accepted offers.

2-Story Penthouse Biscuit Loft in the Arts District #714

1 bed, 2 baths, 2 parking, 2031sf, private terrace. 

Asking $419k *Mills Act Building*

PLG Estates

Toy Factory Loft in the Fashion District #603

1 bed, 1 baths, 1 parking, 976sf.

Asking $599k 

 Berkshire Hathaway

Textile Loft in the Fashion District #206

1 bed, 1 baths, 1 parking, 890sf, private terrace. 

Asking $495k *Mills Act Building*

Benjamin Hill

DTLA Lofts Selling Quickly

Two lofts I mentioned previously, Textile #505 and Biscuit #608 are now in escrow. The reasons these went pretty quickly: They are priced really well, Biscuit & Textile are Mills Act buildings, and are located in very hot pockets of downtown.

Great Opportunities Under $500k from Historic Core to Arts District

Textile Loft in the Fashion District - 1 bed, 1 bath, 670sf

Asking $419k *Mills Act Building*

Biscuit Co Loft in the Arts District - 1 bed, 1 bath, 630sf

Asking $498k *Mills Act Building*

Pan American Loft in the Historic Core - 1 bed, 1 bath, 1040sf

Asking $485k 

SOLD - Beautiful Artist Loft in Esteemed Mills Act Building - Biscuit Lofts #305

The jewel of the Arts District is Biscuit Company Lofts. This unique loft features 1112 square feet of open plan space. Stainless, modern kitchen, 16 foot ceilings, original windows and brick details are just some of the features in this historic loft. Once the famed Nabisco building, it also has the coveted Mills Act distinction and amenities include a fitness center, lap pool with outdoor deck area, 24-hour concierge and security. Walkable to Urban Radish local grocer, Church and State bistro, Pour Haus wine bar, Daily Dose coffee, Stumptown Coffee, Blue Bottle Coffee, Bestia, Little Bear, Urth Cafe, Bread Lounge and more. 1 bed, 1 bath, 1112sf. No parking included. Offered at $679k.

SOLD ABOVE ASKING - Beautiful West-Facing Mills Act Loft - Biscuit Company Lofts #413

The jewel of the Arts District is Biscuit Company Lofts. This unique loft features 1070 square feet of open plan space. Stainless, modern kitchen, original windows and brick details are just some of the features in this historic loft. Once the famed Nabisco building, it also has the coveted Mills Act distinction and amenities include a fitness center, lap pool with outdoor deck area, 24-hour concierge and security. Walkable businesses include Urban Radish local grocer, Church and State bistro, Pour Haus wine bar, Daily Dose coffee, Handsome Coffee, Little Bear, Urth Cafe, Bread Lounge and more. 1 bed, 1 bath, 1070sf. No parking included. Offered at $649k.

SOLD - Airy Artists District Loft with City Views for Sale - Biscuit Co. #410

Original exposed brick and blond wood floors about in this fabulous home at the Biscuit Company Lofts. Features 975sf of open space, but the unique layout makes it feel larger. Views for miles through the huge banks of windows and an airy feel throughout from the 16' ceilings. The unique comes with a parking space as well as a deeded storage unit. The historic building has the coveted Mills Act distinction for significant property tax savings and has a fitness center, amazing infinity pool with outdoor deck area, 24-hour front desk security and covered in-building parking. Walkable amenities include Urban Radish local grocer, Toy Factory Grocer, Church and State bistro, Pour Haus wine bar, Daily Dose coffee, Handsome Coffee, Little Bear, Urth Cafe, Stumptown coffee, and more. 1 bed, 1 bath, 975sf. Offered at $549k.

SOLD - Arts District Warehouse with a View for Sale - Biscuit Co. Lofts #414

Tastefully remodeled with original exposed brick and maple flooring in the fabulous Biscuit Company Lofts. This unique loft boasts nearly 1200 square feet of both open and "soft walled" space. Features include custom-built shelving, modern stainless steel kitchen, and exceptional city views. The historic building has the coveted Mills Act distinction for property tax savings, a fitness center, amazing infinity pool with outdoor deck area, 24-hour concierge and security and covered in-building parking. Walkable businesses include Urban Radish organic grocer, Church and State bistro, Bestia, Pour Haus wine bar, Daily Dose coffee, Handsome Coffee, Little Bear, Urth Cafe and more. 1 beds, 1 bath, 1178sf. Offered at $699k.

SOLD - Artist Pad with Private Patio for Sale - Biscuit Lofts #214

Tastefully remodeled with original exposed brick and maple in the fabulous Biscuit Company Lofts. This unique loft boasts nearly 1200 square feet of open plan space. Features include built-in shelving, modern kitchen and private patio make it ideal for entertaining. The historic building has the coveted Mills Act distinction and has a fitness center, amazing infinity pool with outdoor deck area, 24-hour concierge and security and covered in-building parking. Walkable businesses include Urban Radish local grocer, Church and State bistro, Pour Haus wine bar, Daily Dose coffee, Handsome Coffee, Little Bear, Urth Cafe and more. 1 beds, 1 bath, 1178sf. Offered at $589k.

LEASED - Rare Luxe Industrial for Lease - Biscuit Co. #710

Think Meatpacking District in NY. Just south of Barker Block, Molino, and next door to Toy Factory, the Biscuit Company Lofts are nestled in their own microcosm. The building itself has been beautifully adapted for live/work lofts and at its doorstep is Church and State, Little Bear, Pour Haus, and a convenient grocer called Joe's. Rarely do units come on sale here, let alone for lease, but there's currently a 2-story penthouse that has 2 beds, 1 bath, balcony, and over 1700sf of space. The building has a pool and gym. Offered at $4995/mo.