Photo Credit: www.la.curbed.com
"Loftway" just released its 2012 annual condo/loft report regarding 30 buildings in Downtown Los Angeles. The highest priced condo sold for $4 million and the lowest priced condo sold for $120,000. There were 354 total sales and the average standard sales price was $600,056 (487.73/sq ft). The average days on the market for standard sales was 82 days, indicating a relatively healthy market. There were 293 leases at an average of $1.99/sq ft. The 1100 Wilshire and the Luma had the most leases.
The top 5 most expensive buildings based on price/sq ft:
- The Ritz Carlton Residences - $858.33/sq ft
- The Evo - $542.90/sq ft
- The Luma - $471.17/sq ft
- The El Dorado - $463.82
- 1100 Wilshire - $449.51
The cheapest 5 buildings based on price/sq ft:
- The Little Tokyo Lofts - $200.29/sq ft
- The Alta Lofts - $209.68/sq ft
- The Tomahawk Lofts - $214.19/sq ft
- SB Grand - $215.86/sq ft
- Molino Street Lofts - $231.70
Find more details below:Photo Credit: www.la.curbed.com
There are many great condos currently on the market in Downtown LA! Downtown LA condos/lofts can be great investment properties because of their central location to schools (USC, Loyola Law School, Southwestern Law School, FIDM, etc), financial offices, the Staples Center, and more!
I would be happy to assist you in purchasing or selling a property in the downtown Los Angeles or greater Los Angeles and Orange County areas! Please allow me to provide you with an up to date list of available properties that fit your criteria or provide a professional estimate of your home value at no cost!
Feel free to contact me anytime at (310) 717-1321 or JamieTian@RodeoRE.com with any questions or concerns.
Please visit my website atÂ www.JamieTian.com
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