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

DTLA Open Houses This Sunday 4/5

South Park
1111 S. Grand #510 - 1-4pm
1111 S. Grand #708 - 2-5pm

City West
1234 Wilshire Bl. #511 - 2-4pm

Arts District

530 S. Hewitt #450 - 11-2pm

Little Tokyo
420 S. San Pedro #515 - 2-4pm

SOLD - Back on the market for under 300k! Little Tokyo Loft #407

Little Tokyo Lofts are a wonderful warehouse loft community, which also happens to border skid row. This is the main reason for the lower than average price per sf that this building consistently maintains. Regardless, values have steadily gone up in the building since 2009. The area, like many other areas of downtown, are getting cleaned up. The women's shelter nearby just opened a coffee shop/vintage shop/handcrafted goods shop, and this is only the beginning. Loft #407 which went into escrow fairly quickly, is now back on the market. Price has been lowered to $279k. 610sf of space, huge original casement window with views of mountains to the north and the skyline to the west, 1 assigned gated parking space, and amenities include a courtyard lounge, swimming pool, BBQ, dog run and gym. Plus you're a 5-min walk to Grand Central Market, Grand Park, Little Tokyo.