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So, I got some Downtown LA housing prices....

Ns1

Ns1

No Lifer
these are ALL 2br/2ba

sale price / sqft / HOA (per month)

636k / 1137 / 350
1,375k / 1765 / 850
800k / 1,268 / 565
750k / 1531 / 700
600k / 1226 / 700
550k / 1000 / 450
700k / 1000 / 370
 
Originally posted by: Ns1
these are ALL 2br/2ba

sale price / sqft / HOA (per month)

636k / 1137 / 350
1,375k / 1765 / 850
800k / 1,268 / 565
750k / 1531 / 700
600k / 1226 / 700
550k / 1000 / 450
700k / 1000 / 370
Click to expand...

not surprising. Downtown LA is really on the come up.
 
Originally posted by: Corporate Thug
Originally posted by: Ns1
these are ALL 2br/2ba

sale price / sqft / HOA (per month)

636k / 1137 / 350
1,375k / 1765 / 850
800k / 1,268 / 565
750k / 1531 / 700
600k / 1226 / 700
550k / 1000 / 450
700k / 1000 / 370
Click to expand...

not surprising. Downtown LA is really on the come up.
Click to expand...

Unsustainable. Too many new housing developments + prices that are way too high.
 
Originally posted by: torpid
Which areas of downtown LA?
Click to expand...

That's downtown LA, including little tokyo

no farther west than St Paul.

I would say 5 square miles from the "center" of DTLA


Might I also add, by glancing at the rest of the numbers, that it's a fairly representative sample
 
Originally posted by: pyonir
HOA is $850 a MONTH for that one? :shocked:
Click to expand...

Yup, 400 MIN, I'd say the average on the sheet is somewhere in the 550-650 range.

That IS a penthouse though (the 850), so I'm not too shocked on that.
 
Originally posted by: Ns1
That IS a penthouse though (the 850), so I'm not too shocked on that.
Click to expand...

Yeah...with relation to the purchase price...it isn't that surprising either i guess.
 
Originally posted by: pyonir
Originally posted by: Ns1
That IS a penthouse though (the 850), so I'm not too shocked on that.
Click to expand...

Yeah...with relation to the purchase price...it isn't that surprising either i guess.
Click to expand...

Here's the shocker on the sheet:


3,850k / 3 br / 3.5 ba / 2185 sqft / 1,000 HOA
 
I've been renting here since December of 06. There are tons of developments all over - South Park, Historic Core, Little Tokyo. Curbed LA is a good real estate blog that talks about real estate in so cal and lots of it in downtown.

There will be alot of supply coming this year, so there should be somewhat of drop. How much, no one knows.

And while it's true that downtown is getting better, it still smells like piss everywhere, there are virtually no pedestrians at night, and there are just simply alot of old, rundown buildings that need to be improved.

MAYBE in 10 years, when LA Live is finished, Grand Avenue project is done, the train stations are all complete it'll be a vibrant, pedestrian-friendly part of Los Angeles, BUT the prices now seem to reflect what downtown will possibly become, instead of what it currently is now.

Go into any new development sales office and the agent will be more than happy to tell you about everything that's coming - Right, thanks. But none of that is here yet, so why are you charging like if it was?

That said, I love living here, and I am waiting for prices to drop a little more because I'd love to buy. There are some gorgeous places being built.

 
Originally posted by: abaez
I've been renting here since December of 06. There are tons of developments all over - South Park, Historic Core, Little Tokyo. Curbed LA is a good real estate blog that talks about real estate in so cal and lots of it in downtown.

There will be alot of supply coming this year, so there should be somewhat of drop. How much, no one knows.

And while it's true that downtown is getting better, it still smells like piss everywhere, there are virtually no pedestrians at night, and there are just simply alot of old, rundown buildings that need to be improved.

MAYBE in 10 years, when LA Live is finished, Grand Avenue project is done, the train stations are all complete it'll be a vibrant, pedestrian-friendly part of Los Angeles, BUT the prices now seem to reflect what downtown will possibly become, instead of what it currently is now.

Go into any new development sales office and the agent will be more than happy to tell you about everything that's coming - Right, thanks. But none of that is here yet, so why are you charging like if it was?

That said, I love living here, and I am waiting for prices to drop a little more because I'd love to buy. There are some gorgeous places being built.
Click to expand...

YGPM
 
Originally posted by: JS80
sale dates? i heard DT condo projects selling for losses
Click to expand...

PM me if you have anything specific as I know you're in LA

Those are current asking prices. Most I believe are inhouse sales teams only.


Talking to a few knowledgeable people, the prices MIGHT come down ~15% depending on how hot the property is. Most are trying to offer more concessions (promo's or whatever) vs lowering the asking price
 
Originally posted by: bobsmith1492
HOA is... what??
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Besides a flipping racket?

It's Home Owners Association fees. In some places it's a pretty modest fee (like $40-$100) that covers things like trash removal, snow removal, lawn mowing around the place, and outside repairs to the condo.

I would hope that $850 A FREAKING MONTH includes a pool with a swim up bar that has model quality topless women serving you free unlimited drinks and complimentary suntan lotion application by said topless women.
 
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