Buyer's Market is Bringing Investors Back to DTLA

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:

746 S. Los Angeles St #403 - Mills Act loft at the Cornell Building

849 S. Broadway #603/#602 - Mills Act loft at the Eastern Columbia Building (Foreclosure)

315 E. 8th St #401 - Mills Act loft at the Textile Building

1111 S. Grand #1102 - Luxury condo at the Elleven Building

1155 S. Grand #516 - Luxury condo at the EVO Building

889 Francisco #1206 - Luxury corner condo at Metropolis

DTLA Deals of the Month

Santee Village - Cornell Loft #201

Mills Act for up to 70% off property taxes

1130sf - 1 bed 1 bath 1 parking space

Corner unit

$525K

https://www.themls.com/mlslistingphoto/listing/slideshow/#/23-314105

Eastern Columbia Loft #403

Mills Act for up to 70% off property taxes

940sf - 1 bed 1 bath 1 parking space

East facing unit

$499K

https://www.themls.com/mlslistingphoto/listing/slideshow/#/23-336555

Flower Street Loft #302

1188sf - 1 bed 2 bath 2 parking spaces

$624,999

East facing unit

https://www.themls.com/mlslistingphoto/listing/slideshow/#/23-339649

Rare Opps + Deals in DTLA

1100 Wilshire #2610

680sf - $559K

5 Parking spaces, yes, 5 reserved spaces come with this 1 bed/1 bath loft-style condo with spectacular city views. Building has it all: rooftop deck, pool, panoramic views, hot tub, outdoor dining, gym, media room 24/7 front desk security, dog run, etc. 

849 S. Broadway #307

Eastern Columbia Lofts

1110sf - $849K

Rare balcony unit and 14'+ ceilings. This spectacular Art Deco building has it all. Rooftop pool, 24/7 security, Gym, lobby, courtyard, and Mills Act tax savings. 1 parking space w/ EV Charger

1111 S. Grand #613

Elleven Lofts

930sf - $595K

Beautifully maintained east-facing loft with dedicated parking space w/ EV Charger, rare valuable deeded storage unit.

Amazing Deals in DTLA Right Now

SOUTH PARK

Flower Street Lofts #123

A double-story, 1423sf loft with 2 bathrooms and 2 parking spaces for $439/SF. 

Unreal, this is like 2012 prices. Asking $626K.

KW, Joseph Iulucci

ARTS DISTRICT

Barker Block Lofts #131

Double story 2+3, 2830 super loft with 2 parking spaces. Priced at $521/SF.

Asking $1.475M

Compass, Thomas Atamian

SOUTH PARK

Market Lofts #412

2+2+Den, 2 parking spaces, 1460SF

Within 2 blocks of The Bloc, Whole Foods, 10 min walk to Crypto.com Arena, etc.

Asking $799K

ReMax, Art Avaness

FASHION DISTRICT

Cornell Lofts #602

1+1, 740sf, 1 parking space, Mills Act

Calstar, Jasmen Vartanian

FASHION DISTRICT

Textile Lofts #901

2+2, 1 parking space, 1 private storage unit, 1370SF, Mill Act

Stunning corner unit with massive factory pane windows

KW, Pete Buonocore

Fantastic Deals in DTLA Right Now

Price/sf wise, you can't get better when the surrounding areas are easily over $1000/sf. You can get built-in equity with these prices. Investors, you especially should be looking into these move-in ready places that are beckoning renters!

Elleven #614 - SOUTH PARK
1+1+1pkg - 960SF
$565K or $588/SF
Immaculate 1 bedroom condo with a huge in-unit storage room with laundry. Features east-facing views and overlooks Grand Ave and the South Park Commons Park. LEED Certified Building. 
Coldwell Banker

Flower Street Loft #202 - SOUTH PARK

1+2+2pkg - 1188SF

$639K or $537/SF

Fantastic north-facing, private unit with no neighbors in front. Has 2 parking spaces! Located just a couple blocks from Crypto.com Arena, Whole Foods, The Bloc, Hoxton, Proper, and more.

Douglas Elliman

Cornell Loft #304 - FASHION DISTRICT

1+1+1pkg - 960SF

$525K or $546/SF

Massive windows, concrete flooring and walls for sound insulation, and Mills Act status for up to 70% off property taxes! Steps to Sonoratown, Rossoblu, Cognoscenti, Whole Foods, Holy Basil, Wood Spoon, Lala's, Verve Coffee and more.

Keller Williams

Vero #412 - CITY WEST

3+3+2pkg - 1470SF

$879K or $597/SF

Immaculate and rare 3 bed 3 bath condo with a balcony! Includes 2 parking spaces and stunning amenities. Steps to Fig &7th, Target, Restaurant Row, Financial District, etc.

Wilshire Metro