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Downtown : Real Estate Advice

  • All50
  • Local Info8
  • Home Buying17
  • Home Selling0
  • Market Conditions5

Activity 20
Mon Jan 6, 2014
Richard "RJ" Kas answered:
They are cleaning it up, but often they are doing it by providing housing and services to these unfortunates. It is not gentrifying in the traditional way most people might think, but it is improving the lives of those who depend on the services in the area.

The Little Tokyo Lofts however, border here is a great complex once you get past the security gate. The units are nice. Lots of amenities, and generally inexpensive compared to other parts of Los Angeles.

I would be happy to assist you. Thank you.
Richard "RJ" Kas (SFR, SRES)
"Representing the finest properties from Los Angeles worldwide"
KAS Properties - Coldwell Banker Previews International - Beverly Hills South
166 N. Canon Dr, Beverly Hills, CA 90210
310.859-5334 office - 310.488.9826 mobile - 310-278-4934 fax ATT: RJ - - DRE: 01352771
Sellers Buyers Investors Leasing Consulting
... more
0 votes 3 answers Share Flag
Sun Jan 5, 2014
Charles Irving 323 239-4273 answered:
Hello, Billy

Thank you for the question and allowing me the opportunity to provide you with service . I have several clients currently looking to buy in Downtown Los Angeles . I provide them with information on short sales , Bank foreclosure, and most importantly pocket listings . I provide them with a free daily and weekly report on available properties currently on the market.

Billy , if you like i would be happy to provide you with similar information ..

It is very possible to buy DTLA for under 250k but you must be pre-approved and ready to move quickly when it hits the market. Recently a beautiful loft hit the market for 180k and it went into pending in a very short time period.
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0 votes 11 answers Share Flag
Sun Oct 7, 2012
Janey Bishop answered:
A HECM requires a property to be maintained plus insurance and fees up to date. Since the owner has died notify the lender who has the resources and interest in getting this taken care of. ... more
0 votes 4 answers Share Flag
Tue Feb 5, 2013
William Tong answered:
You did not specify an address. Please add it to your question.

It's very rare for wifi to be included with a unit.

Please feel free to pick my answer as the best ;D

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0 votes 3 answers Share Flag
Sun Jan 5, 2014
Christian Y answered:
reply with your email address.
thanks. I have properties. Ruth
0 votes 6 answers Share Flag
Sun Jan 5, 2014
Richard "RJ" Kas answered:
These are ongoing builder defect suits that have been going on for 5 years. No end in sight. Same in Higgins. I have a copy of the complaint, as I sell lots of units in downtown. If you need some assistance... buying, selling or leasing... please contact me directly as I am the highest producing agent in downtown since 2002. No other agent has sold more than I... period.
Richard "RJ" Kas (SFR, SRES)
"Representing the finest properties from Los Angeles worldwide"
KAS Properties - Coldwell Banker Previews International - Beverly Hills East
9388 Santa Monica Blvd, Beverly Hills, CA 90210
310.859-5334 office - 310.488.9826 mobile - 310-273-0670 fax ATT: RJ - - DRE: 01352771
Sellers Buyers Investors Leasing Consulting
... more
0 votes 5 answers Share Flag
Sun Jan 5, 2014
Kenya Reeves Costa answered:
Hey DTLAlover!
I too am a lover of DTLA! You are correct in asking the trulia community about their experiences DTLA. It can be complicated and slightly difficult to navigate. How much buck are we talking for this bang you're after? :) What part of DTLA are you into? I have a feeling its south park. Are you a classic or shiny penny kind of loft lover?The kind of financing you plan on obtaining is also very important when purchasing DTLA (some buildings can not be financed for various reasons).
If you have questions or want to chat feel free to contact me anytime.
Happy Hunting!
Kenya Costa
Keller Williams Realty Los Feliz
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0 votes 10 answers Share Flag
Sun Jan 5, 2014
Jeannette Alamilla answered:
I found two C/C listings that are active in Santee Village. one 1bed/1bath for $310,000 and one REO 0/1bath for $ 159,900. send me an e-mail if you want a copy of the client detail e-mailed to you. later.

Jeannette Alamilla
Keller Williams-Los Feliz
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0 votes 9 answers Share Flag
Sat Jan 4, 2014
Shawn Pourebrahim answered:
Yes there are, I work downtown LA also, please call me so I can find out what exactly you are looking for, there are great deals out there, I'll be happy to help you.
Shawn Pourebrahim
Keller Williams Realty
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0 votes 8 answers Share Flag
Mon Sep 27, 2010
Ray Fernandez-Silva answered:
Most important item for you is : Points:

Second: You need a breakout of all the fees....ask for a complete gfe and than we can a wise consumer and shop around with proof on your hands..the gfe is your proof! ... more
0 votes 10 answers Share Flag
Mon Jan 6, 2014
Scott Godzyk answered:
I dont know if being on a lower or higher floor will help you in an earthquake, if teh big one comes in the building goes over, no matter what floor you are on, probabi;y wont help.

As far as value, if being on a higher floor has a better view and more value than that is where you should be. First for your own useage and enjoyment and second for future resale value. If you buy down low, it maybe cheaper, but in teh future will still be cheaper than those above you. ... more
0 votes 13 answers Share Flag
Sun Jan 5, 2014
Anna M Brocco answered:
Since no local answers yet--keep in mind that any local agent can help you with information, showings, etc., contact any realty office, and inquire or contact any local Trulia contributor(s) directly and ask. ... more
0 votes 7 answers Share Flag
Wed May 21, 2014
Monique & Joe Carrabba answered:
Hello Tanya,

You didn't reference a property. If you are looking in Downtown Only, I could email you all properties available but I can't post them directly on Trulia.


Monique Carrabba
The Carrabba Group
Keller Williams Hollywood Hills
(323) 899-2900
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0 votes 7 answers Share Flag
Thu Feb 7, 2013
Paula Samuel answered:
Any of the Southpark group buildings, Luma, Evo, Elleven or the Flower St. Lofts.
0 votes 4 answers Share Flag
Sun Jan 5, 2014
Jeffrey White answered:
Hi there, thanks for your question. The quick answer is yes. I am an expert in downtown development and would definitely think of the Tokyo Lofts and the Barker Block as the two best offerings in that price range. There are units that size for your range that I would be excited to show you.

Please give me a call anytime and I can setup an appointment for you!
- Jeffrey White
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0 votes 14 answers Share Flag
Sat Jan 4, 2014
Shel-lee Davis answered:

Downtown LA is have billions of dollars invested in bringing it into this Century and making a destination location again. Of course my crystal ball is broken, however I believe that those who find great deals in Downtown real estate in the coming year(s) will probably be happy they did.

KFWB produced an exclusive on the Downtown LA marketplace just this week. I have provided the link below. It has some very interesting information which some would view as bad and others would view as opportunity. Listen and decide what you hear. And Dare to Dream.

Shel-lee Davis
Real Estate Consultant
RE/MAX Palos Verdes Realty
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0 votes 5 answers Share Flag
Sun Jan 5, 2014
Interrupted Hour answered:
I think you just answered your own question. Prices still high. HOAs=crazy high.

Plus, downtown is a ghost town. Unless you intend to make a career of drinking at the Golden Gopher, there's nothing to do there at night. ... more
0 votes 7 answers Share Flag
Sun Jan 5, 2014
Stephen May answered:
The best investments are the low-priced properties, which are low-priced because there is litigation, pending or active, in most cases between the homeowners' association and the developer. This scares some buyers away, shrinking the pool of prospective buyers. The smart investors know the lawsuits will eventually be settled, and they will come up smelling like a rich rose in the end, when the market cycles back to the upturn. The "problem" properties at this time, coincidentally all well-located, are Barry Lofts, 5th & Broadway, Bartlett Building, 7th & Spring, Little Tokyo Lofts, 4th & San Pedro, and possible The Savoy, 1st & Alameda. These are all fine buildings, with different features and personalities. All are well worth having a look at. They are in different Downtown neighborhoods, all convenient to public transit, and there are at least a dozen condos currently for sale in each of these buildings, some short sale or REO, some resale, so the selection is terrific for the investor buyer. Or for the buyer looking for a great place to live. Make it your crash pad or lease out and hold for appreciation (increase in value), which WILL happen...eventually! ... more
0 votes 3 answers Share Flag
Sat Jan 11, 2014
California Homes & Mortgages answered:
Hello Lotter,

The best time to buy is when you are willing, ready and able ! When you see "the one" you like, it is the time to buy.
0 votes 12 answers Share Flag
Sat Jan 4, 2014
Jaira (Ventura County Realtor) answered:
Most of Los Angeles County currently is a buyers market. Existing homes are staying on the market longer, and sellers are much more negotiable when in comes to terms. Most listings will except below asking price. So first find a good reputable agent and have them run comparble home sales in the area you are considering before submitting your offer and then depending upon how long the property has been on the market determine how much below list price you are going to offer, the longer the home has been on the market, generally the lower offer, your offer can be because the seller will be in a position to accept lower offers the longer he has been on the market and he feels the urgency to sell.
I hope this helps.
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