Go Ahead, Raise the Rent

Landlords out there, you know that many of the buildings in DTLA are free of rent control, right? Just wanted to make sure. Buildings that were converted into condominiums are not subject to rent control laws. This is one of the reasons why those who are looking to buy an investment property love downtown. For in-depth information on rent control: http://lahd.lacity.org/lahdinternet/rentstabilization/tabid/247/default.aspx

Rents in So Cal Going Up and Up

According to USC's Lusk Center, rents in So Cal will steadily climb for the next two years. Expected rises will be around 8%--this is usually means metro areas of LA, the OC and San Diego will go up even higher than 8%. If you're in a rent control area, you can either stay put or buy an investment. If you're planning on renting, get locked in now before things go up. If you're planning on renting out your home, you're in luck!

LEASED - 2-Story Live/Work Space in the Arts District - Toy Warehouse #5

More than 2500sf of usable space in this beautiful, historic, character live/work loft in a former Toy Warehouse in the heart of the Arts District, with a stone's throw from Little Tokyo. The unique two-story loft features exposed wood beams, brick, gorgeous hardwood floors throughout, oversized bathrooms, huge open spaces that is a dream for those with a vision for the blank canvas. Walking distance to Urth Cafe, Handsome Coffee, Wurstkuche, Piehole, Umami, Villians Tavern, and more. Offered at $5499/mo.

LEASED - Chic Brick Courtyard Facing Penthouse for Lease - Rowan PH8

Beautiful loft in the historic Old Bank District for lease. This unique L-shaped loft faces South-West and towards the courtyard, which makes it a much quieter retreat. Huge banks of windows all around the perimeter bring in lots of light during the day and city views at night. Includes original exposed brick walls, 14-ft ceilings, and genuine hardwood flooring. Building amenities include a spa, outdoor deck, lounge, and Spring Street Park is just next door. 1170sf, and 1 parking space is included. Offered at $2800/mo.

LEASED - Divine Loft with Mezzanine for Lease - Rowan #101

Beautiful loft in the historic Old Bank District. This unique and airy loft boasts 16-ft ceilings and a mezzanine level perfect for a bedroom or office. Features beautiful crown moldings and polished Carrera marble floors. Building amenities include a spa, outdoor deck, lounge, and Spring Street Park is just next door. Enjoy 1580sf of space and 2 bathrooms. Includes 2 parking spaces. Offered at $3800/mo.

LEASED ABOVE ASKING - Sleek & Modern with a Huge Balcony for Lease - EVO #810

Sleek airy loft in the ultra modern, LEED certified EVO building. Located in the heart of South Park, EVO is just blocks to LA Live, the historic core, and restaurant row. This west-facing unit is located on the 8th floor and features amazing views, an oversized balcony that spans the width of the unit, a partitioned galley kitchen with stainless steel appliances, separated bedroom area, and a separate laundry room with ample storage. The building features a rooftop fitness center, amazing infinity pool with outdoor deck area, 24-hour concierge and security and covered in-building parking. 1 beds, 1 bath, 810sf. Offered for lease at $2500/mo. Email me to schedule a viewing.

Courtesy of Yuri Huxley, Keller Williams Pasadena

LEASED ABOVE ASKING - Art Deco Gem for Lease - Eastern Columbia, #512

The Eastern Columbia building is one of the most adored buildings in downtown. The stunning 1930s art deco masterpiece features the iconic clock tower and bluish patina on the exterior, with a beautifully rehabbed interior by The KOR Group. Being one of the few, Mills Act-approved buildings, you'll also save on property taxes. Currently there's a 2-bed, 2 bath, 1770sf property available at $3000/mo on a month-to-month lease.

Courtesy of Ted Trentman, Keller Williams Pasadena