EMCEE Studios to Take Over Trophy Building in Historic Core

Gamechanging  news for 9th and Broadway:

The stunning Museum Building is getting a new owner. EMCEE Studios based in NY. If there was ever a building to buy, it's this one. Completely one-of-a-kind in scale, location and architecture, it's also situated next door to the historic Art Deco Eastern Columbia Lofts, as well as on the same block as the first DTLA Apple Store in the Tower Theater, Paul Smith, ACNE Studios, Mykita, Gentle Monster, Orpheum and within 3 blocks of Ace Hotel, Hoxton Hotel, Proper Hotel, Whole Foods, CMC, United Artists Theater, Globe Theater, Fashion District, Cooper Design Space, and a slew of other companies and buildings. 

https://about.emceestudios.com/emcee-studio

https://www.glossy.co/fashion/exclusive-creator-platform-emcee-announces-physical-metaverse-hub-in-la/

https://dot.la/emcee-downtown-la-tech-2656677337.html

Interesting Properties for Sale in DTLA Right Now

257 S. Spring #4G

2 bed, 2 bath 1 underground parking space, corner unit

Mills Act Building

Walk to Grand Central Market, The Broad, Little Tokyo, Arts District, Gallery Row, Spring Arcade

Coldwell Banker - Call for pricing (310-869-2655)

1100 Wilshire #2202

2 bed, 2 bath 2 parking spaces, corner unit with 270 degree views

Down the street from Fig & 7th, Staples Center, Restaurant Row

$1.168M

Courtesy of KW Executive - Silvia Cheung

416 S. Spring #810

1 bed, 1 bath 1 parking space, charming former residence of Charlie Chaplin

Mills Act Building

Walk to Grand Central Market, The Broad, Little Tokyo, Arts District, Gallery Row, Spring Arcade

$519K

Figure8Realty - Nicole Kilmer

530 Molino #211

1 bed, 1 bath 2 parking spaces, massive loft over 3000sf

Walk to Soho House, Arts District Shops, Bestia, Bavel, Girl & Goat

$2.1M

Iota Realty - Jonathan Yuen

738 S. Los Angeles St #203

2 bed, 1 bath 1 parking space, massive private patio

Mills Act Building

Walk to Proper and Ace Hotels, Fashion District shops, Flower Market, Whole Foods

$545K

Roxana Godinez, Loftway

1130 S. Flower #102

2 bed, 2 bath 2 parking spaces, Massive patio and split level orientation

Walk to Staples Center, The Bloc, Fashion District, Whole Foods, Financial District

$998K

Lotus - Chi Lieu

Luxury Condos Are Moving in DTLA

Barker Block #146 - PENDING - $1.599M

Keller Williams

 940 E. 2nd #1 - SOLD - $2.099M

Tempo

Biscuit Loft #712 - SOLD - $2.35M

Coldwell Banker

Eastern Columbia #311 - SOLD - $1.65M

Coldwell Banker

EVO #2301 - PENDING - $2.395M

Douglas Elliman

Luma #1315-1316 - SOLD - $3M

Compass

Ritz-Carlton #30A - SOLD - $1.7M

Keller Williams

Ritz-Carlton #50F - SOLD - $5M

Homesmart

DTLA is Bouncing Back - Recent Sales

Sales are happening, as homebuyers and investors become more confident in the market. There seems to be more owner-occupying buyers than investors for now though, no doubt due to the all the eviction moratorium activity that's in flux.

We do love owner occupied buyers in DTLA! It's these stakeholders who make the area a community, and spur on things like small businesses, artist galleries, pedestrian events, and more residents into the neighborhoods. 

Recent notable sales:

Eastern Columbia #311 - SOLD FOR $1.65M - 1740sf 

Stunning remodel of a true loft in the only Art Deco condo building in the Historic Core

Coldwell Banker

https://my.matterport.com/show/?m=dnJZvjfEBJ8

Textile Loft #906 - SOLD FOR $635K - 890sf 

Corner loft with views views views in the beloved Textile Building in the Fashion District

Coldwell Banker

https://www.themls.com/mlslistingphoto/listing/slideshow/#/21-690300

Rowan Loft #705 - SOLD FOR $835K - 1260sf 

Rare park-facing loft in the Rowan Building in the Historic Core

Compass

https://www.themls.com/mlslistingphoto/listing/slideshow/#/21-711532

Flower Street Loft #402 - SOLD FOR $1.280M - 2075sf 

Rare split level top floor loft in the heart of South Park

Compass

https://www.themls.com/mlslistingphoto/listing/slideshow/#/PW21074216MR

Elleven Loft #1101 - SOLD FOR $1.42M - 2100sf 

Rare southwest corner loft in the heart of South Park

Compass

https://www.themls.com/mlslistingphoto/listing/slideshow/#/20-672888

Eckardt Loft #201 - SOLD FOR $563K - 960sf 

Unique T-shaped floorplan in the Fashion District

Coldwell Banker

https://www.themls.com/mlslistingphoto/listing/slideshow/#/21-745308

Supporting the Small Businesses of DTLA, Especially Restaurants

While recovery is slowly happening, many small businesses all over especially DTLA, have suffered not only due to the the lockdowns but due to last year's protests. Help support by opting to dine at the smaller establishments, buy gifts from places like the Flower Mart and the Fashion District or Row DTLA.

Some of my faves:

1. Grand Central Market (Historic Core)

https://www.grandcentralmarket.com/. 

2. Flower Mart (Fashion District)

http://originallaflowermarket.com/

3. Raw Materials Art Supplies (Fashion District)

https://fashiondistrict.org/go/raw-materials-art-supplies

4. Birdies (South Park)

http://birdiesla.com/

5. Badmaash (Historic Core)

https://www.badmaashla.com/

6. Factory Kitchen (Arts District)

https://thefactorykitchen.com/

7. Throw Clay Pottery & Studio (South Park)

https://www.throwclayla.com/classes-1

8. Howlin Rays (Chinatown)

https://howlinrays.com/

9. Bohemian Crystal Beads Factory (Fashion District)

https://beadsfactory.com/bohemian-crystal-rhinestone.html

10. Maccheroni Republic (Historic Core)

https://maccheronirepublic.com/

11. Marugame Monzo (Little Tokyo)

https://marugamemonzola.com/

12. Broken Mouth (Fashion District)

https://www.eatbrokenmouth.com/

13. Le Box Blanc (South Park)

https://www.leboxblanc.com/

14. Redbird (Historic Core)

https://redbird.la/

15. Dylan Lex (@Row DTLA - Produce District)

https://rowdtla.com/collective/dylanlex

16. Frame Pizzeria (South Park)

https://www.framepizzeria.com/

17. 10e (Financial District)

http://www.10erestaurant.com/

18. Sonoratown (Fashion District)

https://www.sonoratown.com/about.html

19. Prank (South Park)

https://prankbar.com/

20. Dylan Lex (@Row DTLA - Produce District)

https://rowdtla.com/collective/dylanlex

A Good Time to Buy?

Is this a good time to buy? With lowest ever interest rates and a negotiable environment, it most definitely is. Buyers are dreaming of a 2008-2011 scenario when people owed way more on their property than it was worth and had to sell or lose everything. It's just the opposite situation right now. Homeowners are sitting on equity, so they don't need to sell, and that's why there's such a low inventory of homes right now. Low inventory plus high demand means that prices are staying stable. 

However, there are deals to be had. Look into properties that have been sitting on the market. Or properties that might need some remodeling. This is where you'll get a deal, and some built-in equity. 

Some of the best properties right now in terms of a great buy for the price:

Higgins #207 - $699k

This loft is 1250sf. The layout, however is so great that it feels like it's more like 1500sf. Plus, it has a nearly 150sf private outdoor patio that is in addition to the indoor 1250sf space. Future value for the outdoor space--there are only a few condos in the whole of DTLA with this type of outdoor space. To top it off, the building has the Mills Act status, so you save up to 70% off your property taxes each year. (Coldwell Banker DTLA)  https://reinventingdtla.com/108-w-2nd-%23207

El Dorado Loft #807 - $510k

This loft is 740sf. The loft is super bright, high up in the building, and has a balcony with views of a park. Again, think future value. Great location within blocks to everything. To top it off, the building has the Mills Act status, so you save up to 70% off your property taxes each year. See MLS photos here (KW Larchmont):  https://www.themls.com/mlslistingphoto/listing/slideshow/#/20-605828

Textile Loft #404 - $468k

This loft is 640sf. Corner loft, people. The loft is super bright, comes with a parking and in-building storage space. In the up and coming Fashion District. To top it off, the building has the Mills Act status, so you save up to 70% off your property taxes each year. With interest rates so low, the mortgage on this one will be lower than the rent. See MLS photos here (Coldwell Banker DTLA): https://www.themls.com/mlslistingphoto/listing/slideshow/#/20-585120

Cutest, Brightest, Most Charming Loft at the Douglas Building - Mills Acts too!

Douglas Loft #4D - 1 bed, 1 bath - Historic Core

Charming, super bright and airy north facing loft with hardwood floors, tall ceilings, and oversized windows that show the dramatic City Hall in the backdrop!

• Open plan layout
• Huge banks of windows that let in tons of natural light
• Spacious bathroom
• Poggenpohl kitchen cabinets and Bosch appliances
• Nest controlled central heating and AC
• The unit comes with 1 underground parking space in the building
• Washer and vented dryer in the unit
• Plus, Mills Act for huge property tax savings for homeowners
• Blocks to Grand Central Market, The Broad, Little Tokyo, Blue Bottle, Badmaash, Spring Arcade, Whole Foods, Financial District, Arts District

More Details here: http://www.257spring4d.com/

Offered at $549,000. For a tour, contact 310-869-2655

Coming Soon - Stunning Eastern Columbia Corner Loft with Tons of Upgrades

This loft is immaculate. It was remodeled over time with no details spared. The 1740 sf loft has unique features that some of the other floors don't have, which is 14' foot ceilings, a balcony, and  oversized double paned windows, making this a quiet retreat amidst amenities like the Ace Hotel, United Artists Theater, Orpheum, upcoming Apple store, Museum Building renovation and more. It also comes with a rare storage unit. Viking appliances, Miele plumbed coffee machine, crown moldings, custom storage with library ladders, high end light fixtures, and all furniture is included.


Call for details. 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!

Just Leased - Douglas Lofts #4D at 740sf - Highest Leased Price for Floorplan

Douglas Loft #4D - 740sf + 1 parking

North facing unit with views of City Hall and mountains.

Listed at $2450/mo, which was already just above market rates for the building, this studio ended up getting $2550/mo, the highest price ever paid for a rental for a studio in the building. Rentals are slowing down in general due to an influx of new construction competition, but good units are still going strong.

Apple Store Forging Ahead on Broadway

Photo: Tower Theater Group

After a long period of silence, the Apple store coming in the Tower Theater space on Broadway has made more movement. Renderings are hush at the moment, but something exciting while preserving the integrity of the historic theater. The opening might coincide with the Broadway Trade Center restoration across the street. 

Pocket Listing Alert - Beautiful Rowan Loft on the 12th Floor with 30+ Feet of Windows

Unit #1205 is just below the Penthouse level, and features 2 beds, 2 baths, and windows that span the entire length of the unit. It's also the only unit that has a fireplace! Comes with 1 parking space. Skyline views and overlooks the Spring St Park for the ideal downtown view. Within a few blocks to Grand Central Market, Grand Park, Orsa & Winston, The Continental, Kazunori, galleries, Whole Foods, and so much more. Asking $4500/mo or negotiable on a longer lease.

Pocket Lease at Eastern Columbia

Beautiful 12th floor unit facing the glorious Orpheum Theater. Off market! $4200/mo. Nearly 1500sf! Viking Kitchen, Kelly Wearstler bathroom, chic+luxe DTLA living.

Sneak peek below: