Friday, July 5th, 2019
New DTLA Listings This Week
Please see our update on new DTLA listings this week. There are 15 new listings this week ranging from $377,000 to $1,975,000.
Foundation Poured At Frank Gehry Tower
Last weekend, Curbed is reporting the completion of a 15-hour foundation pour at the mixed-use development; which marks the beginning of vertical construction. Taking up a full block east of Walt Disney Hall, it will ultimately hold shops, restaurants, a movie theatre and Equinox Hotel.
New LA AIRBNB Rules In Effect
Originally passed in May 2018, Curbed reports the new AirBnb rules went into effect July 1st. Rule #1; the property must be the hosts primary place of residence. For more info, also see the city’s FAQ on the home sharing ordinance.
Library Court Condo For Sale
This two bedroom, two bath unit was re-imagined from the Los Angeles University Club in 2006. At 1330 sq. ft. the condo is spacious but the soaring ceiling makes it feel even larger!
LA Planning On Rezoning Skid Row
The Real Deal is reporting LA plans to allow for up to 100,000 market rate housing units by 2040. The draft plan will reach the LA City Council next year.
May 2019 DTLA Condo Sales
In May 2019, there were 24 condos sold in 19 buildings totaling $17,130,000.
The most sales were in South Park with six.
The highest DTLA sale was a 2-Bed/3-Bath with 1,320 Sqft. which sold for $1,185,000 on 5-28-2019 after 40 days on the market. Can you guess where ?
Historic Biscuit Company Loft For Sale
Bright and charming unit at the historic Biscuit Company Lofts. An open spaced loft with exposed brick walls, original 1925 hardwood floors and soundproofed over-sized industrial windows.
Kitchen is complete with stainless steel appliances and Caesar-stone counter tops. Spacious bathroom with over-sized tub. Mills Act building gives the new owners substantial property tax savings. Unit 406 also includes one subterranean parking spot.
The building offers a fantastic lap pool and lounge area with outdoor shower and BBQ/fire pit, high-tech fitness center, dog walk and 24-hour doorman and concierge services.
Listing provided by Gil Saraf / Compass