Cutest 1 Bedroom Loft in the Fashion District! - Cornell Loft #302 - Asking $459K

 

Can we say adorable? 740sf loft, a true 1 bedroom 1 bath with massive closet. The unit features all Bosch appliances throughout the kitchen, plus a Bosch W/D in the bathroom. 1 Parking space include. And Mills Act too. Asking $459K

OPEN HOUSES:

3/25 & 3/26 from 12-3pm

Cornell Loft

746 S. Los Angeles St #302, 90014

Rare Corner Loft with 14' Ceilings + All Double Paned Windows + Balcony + Storage Unit

Eastern Columbia Lofts #311 - Historic Core

Rarely does a loft that has it all come on the market. This Eastern Columbia Loft has so much going for it, and here are just a few of the highlights:

• Mills Act - Huge annual property tax savings for homeowners
• Corner orientation
• Oversized windows
• Soaring ceilings (14-foot!)
• Rare storage unit inside the building
• Balcony
• Double paned windows
• Two bathrooms
• Open plan layout for flexibility
• Tons of storage and closet space
• Impeccable renovation with functional built-ins
• Located in an established area within steps from Whole Foods, Ace Hotel, Hoxton, upcoming Apple Flagship, Museum Building, Grand Central Market, Spring Arcade, The Bloc, Paul Smith, Acne, Theory, Mykita, Ganni, Terroni, Dopalavoro, Soul Cycle, Orpheum, Cliftons, Kazunori, Regent Theater, United Artists Theater, and more

https://www.homecb.com/849SouthBroadway311-LosAngeles

Offered at $1,898,000. For a tour, contact 310-869-2655

Zen Retreat in the heart of DTLA - Higgins Loft #207

Higgins Loft - 1250SF - Offered at $749,000!
108 W. 2nd St, #207
Los Angeles, 90012

This gorgeous loft in the Beaux-Arts Higgins building is a unique gem. With an amazing layout that allows for multiple bedroom and office areas, this open and airy loft even features a huge 150sf (approx) private patio. Best of all the loft has the advantage of the Mills Act, which allows for a significant annual property tax savings.

Eastern Columbia Live/Work Lofts for Rent Right Now!

The first one: Spacious open plan loft with concrete floors and 14-foot ceilings! Two generous built-in closets. Has a balcony too. Faces west for lovely sunsets. 1 parking space included. $3300/mo. Call or text 310-869-2655 for more info.

The second one: Open plan with gleaming concrete floors and southfacing views, and an unusual closed off bonus room that's perfect for a small guest room or office or art studio! Also includes a storage unit in the building. 1 parking space included. $3500/mo. Call or text 310-869-2655 for more info.

Pocket Listing Alert - Eastern Columbia Lofts

Beautiful corner unit, 2 beds, 2 baths, plus a balcony! 1740sf. Contact me for details.

Two Chic Historic Rentals on the Market

Eastern Columbia Lofts

1110sf - $3600/mo

Live in one of DTLA's most iconic Art Deco buildings, the Eastern Columbia. This chic southfacing 1110sf live/work loft is one of the few residences in the building with soaring 14-foot ceilings and oversized vintage windows that bring in tons of natural light. The open plan kitchen flows into the bright living area, and a nicely separated bedroom nook has added built-in storage. Concrete floors and exposed ceilings create a true loft living experience. Upgrades include a brand new refrigerator and dishwasher, and additional closets. Designer bath features a huge soaking tub. 1 covered parking space is included! Kelly Wearstler-designed building amenities include a rooftop pool, hot tub, sundeck, plus 24/7 front desk security, gym, drycleaning service, grand lobby lounge and dog run. Located in the Historic Core, you're within blocks from hotspots such as the Ace Hotel, Nomad, Fashion District, Whole Foods, Metro, as Acne, Theory, Mykita, West Elm, upcoming Apple Flagship store & more!

Rowan Lofts

600sf - $2050/mo

Chic character studio at the gorgeous NY-style Rowan Lofts in the heart of the Historic Core. Enjoy the most amazing easterly views from this 9th floor downtown pad that features exposed brick walls, oversized windows, and light hardwood floors. The 600sf unit features an airy open plan layout with tall ceilings that give it a bright and airy feel, and comes with Bosch stainless kitchen appliances, Scavolini kitchen cabinets, and spacious bathroom. There is ample closet space in the bedroom area and a Bosch washer/dryer in the unit. The historic building features amazing details such as restored Carrara marble hallways and amenities such as 24 hour front desk security, outdoor BBQ entertaining area, plunge pools, and an indoor lounge and event space. Within blocks to Whole Foods, Sunday Farmers Market, Grand Central Market, Metro, Pershing Square, Corporation Food Hall, Kazunori, Spring Arcade, Baco Mercat, Continental, Perch, Regent Theater, Blue Bottle and more!

Warm and Inviting Brooklyn Brownstone Style Loft at the Eastern Columbia

Eastern Columbia #202

Enjoy downtown living at its best in this warm, inviting, and charming loft at the famed Eastern Columbia building. Mills Act also gives home owners up o 70% off property taxes. Acne, IL Cafe, Mykita and Om Nom in the building, as well as Ace Hotel, Whole Foods, APC, Umami, Wood Spoon, Stocking Frame, Cooper Building, etc just a couple blocks away. Asking 799k.

Open House 3/14 between 11am-2pm or call 310-869-2655 for showings. 

An Impressive Eastern Columbia Penthouse Coming on the Market Soon

Johnny Depp may have had 5 penthouse units at the marvelous Eastern Columbia, but there's another coming on the market that is larger, has better views, and more outdoor space. The 4-story Penthouse is over 3000sf, making it the largest one at Eastern Columbia.

Beautifully maintained and situated on the Northwest corner of the building, with its own skylight, it is the best Penthouse ever to hit the market in a historic Mills Act building! Will be asking 3.9MM.

Want Over 1300sf of Space? There are Currently A Few Gems Available.

I keep reiterating that things are getting smaller in DTLA. It's a fact that nearly all the new residential development will have studios and "1-bedrooms" starting around 550sf. That sounds small--because it is. Even the converted historic spaces are getting smaller as land and construction costs are going up, so developers are chopping up the units. Their bottom line is to get as many livable units onto a floor as building codes will allow.

That said, things that are close to 1000sf will become more desirable. An 800sf 1-bedroom is being considered ample now. And anything over 1200+sf is considered spacious. Currently available "oversized" lofts in unique buildings:

Douglas Penthouse #MN

Corner unit, Skylight, rare 2 parking spaces, Mills Act

2100sf, Asking $2.1MM

Little Tokyo Loft #106

End unit, Skylight, 2 parking spaces, Private Outdoor Space, 2 Levels

1800sf, Asking $1.058MM 

Tomahawk Loft #6

Entire Floor Unit (Street to Street), Private Elevator Stop

1640sf, Asking $1.049MM 

Barker Block #443

City Views, Original Rafter Ceilings

1510sf, Asking $995k

Flower Street Lofts #118

2 Levels, 2 Parking Spaces

1420sf, Asking $699k

940 E. 2nd #8

3 Levels, Private Rooftop Deck, Skylight

1330sf, Asking $879k

Why DTLA is So Hot

The real estate situation in downtown these days can be summed up in two ways: Homeowners are thrilled at the rising prices and buyers are frustrated at the rising prices. Many are wondering when the prices will go down. In my opinion, prices won't go down because prices are similar to the prices in 2007. The same condo bought in 2007 is still around the same price now, if not a bit higher. It's as if prices have stood still for nearly a decade. Now, if you bought in the golden window of 2010-2012 like I advised most of my buyer clients to do (as well as myself), and you still own that property (myself included), then you killed it.

So why is DTLA showing signs of bigger increases than other parts of LA? A few reasons:

1. DTLA is still way more affordable than the Westside. $2500 per month in downtown will get you a highrise condo with a pool, spa, front desk security, parking, and dog run. In the Westside, the same price will get you a 3-story late 60s walkup with carpets and a 90s kitchen.

2. DTLA condos have character. You get a lot more character in a historic former bank building that is designated with the Mills Act than with a 70s aluminum-windowed box. Where else in L.A. can you find such a high concentration of historic buildings?

3. DTLA walkability & transportation. With markets (including Whole Foods), bars, restaurants and shopping centers springing up all around, it's getting easier and taking less time to stroll over to run errands and just enjoy nightlife without thinking of the drive home. Uber and Lyft is highly concentrated in DTLA, and costs about $6 to get from any point within downtown. Plus the Metro will take you straight to Santa Monica soon--it already goes to Culver City and Hollywood!

4. DTLA is just beginning. You know when investors from New York and San Francisco start to snatch things up, things are happening. Savvy investors have seen areas like SoHo, Brooklyn, SoMa go from blight to some of the most expensive real estate in the world. And they are buying up trophy buildings and attracting a new type of retail and commercial clientele. The Ace Hotel is a prime example. Soon after you had Acne, APC, Oak, Aesop and Tanner Goods follow.

5. DTLA and rent control. Investors, this is for you. The fact that so many people spend their hard earned money on a duplex that generates what's essentially 1980s income is beyond me. Because nearly all residential property in DTLA was developed into residential housing well after 1978, rent control rules don't apply. This makes downtown a very nice place to invest.

Great DTLA Historic Lofts on the Market Now - All with Mills Act Designations

What's so great about having property in a Mills Act building? Savings on property taxes. As you know, property taxes in Los Angeles are high. The Mills Act designation helps offset some of this tax burden. This could end up saving you thousands per year in taxes. The Mills Act only applies to select historic buildings.

Eckardt Building

Former warehouse in the Fashion District

Penthouse #1201

1760sf, 3 bed, 2 bath

Private patio, split level, Mills Act

$1.399MM

El Dorado Building

Former Historic Stowell Hotel

#305

1090sf, 2 bed, 2 bath

2 balconies, Mills Act

$749K

Eckardt Building

Former warehouse in the Fashion District

#203

880sf, 2 bed, 1 bath

Private patio, Mills Act

$519,995 

Rowan Building

Former office building in the Historic Core

#617

830sf, 1 bed, 1 bath

Mills Act

$588K

Eckardt Building

Former warehouse in the Fashion District

#208

810sf, 1 bed, 1 bath

Skyline views, Mills Act

$429K

Biscuit Co. Lofts

Former warehouse in the Arts District

#402

617sf, 1 bed, 1 bath

Skyline views, Mills Act

$535K

 

Eastern Columbia Lofts

Former department store in the Arts District

#410, 1200sf, $749k

#707, 1130sf, $749k

#202, 1150sf, $749k

#1009, 1190sf, $899k

Mills Act

Get an Art Deco Pied a Terre Before The May Co. Building is Completed - Eastern Columbia #202

The jewel of downtown, Eastern Columbia, has a new unit available for sale. #202 offers concrete floors, stainless steel kitchen appliances, bathroom designed by Kelly Wearstler. The building features a rooftop pool, front desk security, courtyard, gym. Price have been consistently rising with the recent addition of the Ace Hotel, Acne, Tanner Goods, Oak, Aesop, Om Nom Organics, Il Cafe, Urban Outfitters, APC, and soon to arrive just steps away is the revamped May Company Building (to be creative office space, retail, etc.), Clifton's, Big Gay Ice Cream, Case Hotel,  Empire Hotel, and more. 1150sf, 1 parking space. Faces historic Broadway. Asking $790k.

Historic DTLA Loft Living at its Best - Eastern Columbia and The Rowan

Lofts for sale at the two of the most desirable Art Deco and Beaux-Arts buildings in DTLA. Both are Mills Act buildings (prop tax savings!) and have front desk security and are located in the most walkable areas of downtown.

Eastern Columbia loft with a balcony! West facing loft, concrete floors, stainless steel appliances, Italian cabinetry, Kelly Wearstler designed bathroom, 1 parking space. Building has a rooftop pool, gym, courtyard. 1080 sf, $749k. Unit 909.

Rowan Loft with hardwood floors, original double hung windows, exposed brick, Italian kitchen cabinetry. Parking spaces available for a fee. 820sf, 649k. Unit 909.

Two-story Penthouse with Private Rooftop Deck - Higgins Lofts #1004

Rare penthouse pad in DTLA. The top floor loft in the historic Higgins building has a mezzanine that is perfect for an office, guest bedroom or master bedroom as it leads straight up to a private rooftop deck with views of the downtown skyline. There is a skylight that lets in amazing light and 22' tall ceilings. Features 980sf of indoor space, and approx 200sf of outdoor space. Has 1 bathroom. The Higgins Building holds the Mills Act distinction which helps reduce property taxes.

Historic Mills Act Pied a Terre in the $300s

It's still possible to get a historic loft in a wonderful walkable neighborhood in the 300s, in a Mills Act Building. This loft in the lovely Rowan building faces the Spring Street Park and features large double hung windows, exposed brick, Scavolini kitchen, Bosch washer/dryer in the unit, and an open plan layout. The Rowan has a doorman, BBQ patio, hot tubs, and a resident lounge. Walk to  the Farmers Market, Buzz Wine, Bar Ama, Orsa and Winston, Spring for Coffee, The Continental, Spring Street Arcade, Ace Hotel, Terroni, Nickel Diner, Verve Coffee and more. 460sf, 1 parking space with option to lease another. Asking $378k.

Historic Corner Loft for Sale - Rowan Loft #1016

Beautiful, restored *corner!* loft in the heart of the historic core and Spring Street bustle with views of the park and Spring St. This 10th floor loft in the historic Rowan building boasts original oversized windows, hard wood floors, original brick walls, and separated bedroom area. 1 bathroom and access to 1 parking space. The loft is 720sf and the asking price is $515k. The Rowan is a Mills Act designated building.

Art Deco Stunner with Balcony - Eastern Columbia #710

West facing unit in the iconic Art Deco Eastern Columbia building, known as the jewel of DTLA and developed by The Kor Group. The unit features beautiful banks of windows, polished concrete floors and lots of sunlight. Best of all, your own private balcony with plenty of sunlight and sunset views. Comes with 1 parking space, and building amenities include a 24-hour concierge, gym and fabulous rooftop pool. Walkable to Spring Street, Ace Hotel, Acne, Wood Spoon, Oak, Umami, Alma, Pellicola, Sparkle Factory, Grand Central Market, and more. Listed for $739k with 1200sf of space. This building is also Mills Act approved.

Historic Lofts for Sale with Good Resale Potential

It's one thing to get a deal on a property; it's also another thing to make sure the property has good resale value for when you decide to one day sell. Size, orientation and location are things that are often uncompromisable when it comes to resale.

Some interesting props below with good resale potential:

Toy Factory Loft in the Arts District #515

1428sf

Asking $819k

Stamie Karakasidis, Rodeo Realty

  Barker Block Lofts in the Arts District #450

1120sf

Asking $649k

Neil McDermott, Hilton & Hyland

Rowan Lofts in the Historic Core #712

2 beds, 2 baths 998sf

Asking $649k *Mills Act Building*

Anh Tran, KW

Rowan Lofts in the Historic Core #915

1 bed, 1 baths 820sf

Asking $620k *Mills Act Building*

Agnes Ferreyra, JAG

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

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