Open house! February 28 2-4! Elleven condo!

Open House today! Sunday, February 28 2-4!

$618,000
1bd, 1ba 1,100 sq. ft.
1111 S. Grand Ave. Unit #1003, Los Angeles, CA 90015

Spacious! High Ceilings! Luxury building!
24 hour front desk service!
Beautiful pool and spa and four bbq grills!
Amazing sundeck!

Please call

Maple Navarro

Greenstone Properties Downtown L.A. Real Estate Agent

(310) 430-1949
CALBRE # 01924421
LACONDOSEARCH.COM

MORTGAGE RATE UPDATE 01/14/2016

Mortgage rates retreated for the second week in a row, according to the latest data released Thursday by Freddie Mac.

Concern over the global economy is fueling volatility in the financial markets and pushing down rates on home loans. The 10-year Treasury yield closed at a two-month low on Wednesday. The movement of the 10-year Treasury bond is one of the best indicators whether mortgage rates will rise or fall. When yields go down, interest rates tend to go down.

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The 30-year fixed-rate average dropped to 3.92 percent with an average 0.6 point, its lowest level since early November. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 3.97 percent a week ago and 3.66 percent a year ago.

2016 CHANGE TO THE FOREIGN INVESMENT THAT WILL AFFECT CONDO SELLERS IN DOWNTOWN LOS ANGELES

CHANGE TO THE FOREIGN INVESTMENT ACT by Juliana Tu of Viva Escrow!

Here are the major changes in the Foreign Investment Act in 2016 that will affect foreign based sellers of condos and lofts in Downtown Los Angeles. Like always, we get very nervous when Congress and the government start tinkering and enacting new tax changes and we the taxpayor, consumer, or business entities get caught scrambling to adjust. This is just so in the case of the legislation that changes the FIRPTA – Foreign Investment in Real Property Act. In December the 2015 Tax Act had an inclusion that changed the withholding requirements for foreigners who invest in the U.S. Effective February 17, 2016 the FIRPTA will have the following substantial changes:
1.If you are a foreigner and the property that you sell is over $1,000,000, then your withholding amount will be 15% of the sales price.
2.If you are a foreigner and the property that you sell is less than $1,000,000 AND the Buyer intends to use this as a residence for more than 50% of the time, then the withholding can be reduced to 10%.
3.If you are a foreigner and the property you sell is $300,000 or less AND your Buyer intends to use this as a residence for more than 50% of the time, then the withholding can be fully exempt, as long as the Buyer signs the Buyer’s certification. This DID NOT change from the previous regulations.

There may be only two major changes, but these are HUGE changes for all escrow practitioners in certain areas of California where foreign investments tend to congregate. Try explaining to the foreign investor selling a million dollar home that (1) you need an IRS issued Federal Tax Identification Number when you sell, and (2) oh, by the way, we need to hold $150,000 from your proceeds. Oh man……

Concerto Lofts Real Estate Stats

Units Currently for sale

Unit #400 $929,000 2br, 2ba 1,570 sq. ft.

Pending Sales

Unit #416 $849,000 2Br, 2ba, 1,270 sq. ft.

Unit #305 $575,000 3.26.2014 1Br, 1Ba 920 sq. ft.

Pending Leases

Unit #610 $2,600 7.20.2015 1br, 1ba 920 sq. ft.

Units Currently for lease

 

Sold in last 6 months

Unit #304 $630,000 6.17.2015 1BR, 1BA 991 sq. ft.

Unit #512 $899,000 5.4.2015 2br, 2ba 1,560 sq. ft.

Unit #609 $624,000 4.23.2015 1br, 1ba 973 sq. ft.

Unit #507 $630,000 1br, 1ba 990 sq. ft.

Unit #707 $620,000 3.9.2015 1br, 1ba 990 sq. ft.

Leased in Last 6 Months

Unit #708 $2,600 8.13.2015 1br, 1ba 920 sq. ft.

Unit #707 $2,600 7.31.2015 1br, 1ba 1005 sq. ft.

Unit #702 $2,100 7.28.2015 0br, 1ba 710 sq. ft.

Unit #308 $2,300 5.29.2015 880 sq. ft.

Unit #402 $2,300 5.9.2015 1br, 1ba 800 sq. ft.

Unit #416 $3,200 4.28.2015 2br, 2ba 1,270 sq. ft.

Unit #306 $2,450 4.10.2015 1br, 1ba 920 sq. ft.

Flower Lofts Real Estate Stats!

Flower Lofts currently for sale!

Unit #304 $740,000 1BR/2BA 1,366 sq. ft. Also for lease for $3,100 a month

Sold in the Last 6 months:

Unit #416 $780,000 7.25.2015 2BR/2BA 1,648 sq. ft.

Unit #108 $650,000 5.30.2015 2BR, 2BA 1,424 sq. ft.

Unit#214 $590,000 4.17.2015 1,440 sq. ft.

Unit #101 $715,000 3.31.2015 2BR, 2BA 1,844 sq. ft.

Leased in the last 6 months!

Unit #121 $3,000 7.3.2015 2BR, 2BA 1,420 sq. ft.

Unit #306 $3,250 5.27.2015 1BR, 2BA, 1,360 sq. ft.

Unit #109 $2,950 5.12.2015 2BR, 2BA 1,427 sq. ft.

Just Listed by Greenstone Properties! Luma Loft Offered for $545,000!

Just Listed by Greenstone Properties! Luma Loft Offered for $545,000!

This beautiful one bedroom, one bath 710 sq. ft. loft is offered for $545,000.
Please call Realtor® Maple Navarro for showings! Calbre#01924421 (310) 430-1949
LACondoSearch.com

1100 S. Hope St.

Los Angeles, CA 90015

Another luxurious building by the South Group was created after Elleven. Luma towers 19 stories above ground and the architecture blends angles, height and sheer lines. The tall slender exterior is wrapped in glass giving the loft light. It was constructed by the South Group in 2007.

Lofts have floor to ceiling, wall-to-wall glass providing dramatic views of the city. These “soft lofts” have rich wood maple hardwood floors and 11 foot ceilings. They also have Frigidaire ® stainless steel appliances, sleek wood cabinetry and ribbed inserts. Kitchen and bath countertops are made of Caesarstone ® and have Kohler ® fixtures with elegant slate tile flooring. The residences range from one and two bedroom live/work soft loft and penthouse units.

The amenities are luxurious at Luma with beautiful views of the downtown L.A. skyline from the heated saline lap pool and spa. The deck on the fourth floor is designed with a modern, sleek look providing comfort and many intimate seating areas for residents to gather. For those that love to cook, there are several barbeque grills along with picnic tables to help you entertain your guests in a deck that has a peaceful ambiance with its bamboo shoots, waterfall fountain and serene garden experience. This outdoor common area is spacious and can accommodate many residents. Heat lamps are also provided near the swimming pool for residents who like to enjoy nighttime swimming. Residents can also entertain near the outdoor fireplace where there is lounge seating on the deck. The deck is shared with residents at Elleven.

Luma has a modern, cosmopolitan and sleek interior design with an elegant lobby, an attendant and package delivery. There is gated parking and on-site security. It is close to many of L.A.’s best restaurants, L.A. Live ®, FIDM (the Fashion Institute of Design and Merchandise)®, the Staples Center ®, home to the world class Nokia Theatre ® at L.A. Live ® which holds concerts, movie premieres and award shows.

If you are looking for the loft experience that is sleek, cosmopolitan and luxurious with world-class entertainment at your fingertips, Luma is the place to be.

Building Features

• 19 Stories with 236 Units

• Outdoor Terrace

• Heated Saline Lap Pool

• Outdoor Fireplace with Lounge Seating

• Sculpted Glass, Metal and Concrete Exterior

• Sustainable and Environmentally Responsible Design and Construction

• Large Elevations of Glazed Glass

• Outdoor Lounge Areas with Lush Landscaping

• Elegant Lobby with Attendant and Package Delivery

• Intimate Spaces for Gathering and Entertaining

• Barbeque Area and Outdoor Fireplace

• Street Level Retail Space

Unit Features

• Sleek Wood Cabinetry Ribbed with Glass Inserts

• Oversized Bathroom Mirrors with Integrated Vanity Light

• Designer Frigidaire Stainless Steel Appliances

• Utility Room with Washer and Vented Dryer Hookups

• Expansive Windows Featuring Operable Openings for Natural Ventilation

• Spacious Walk-in Closets (varies by plan)

• Outdoor Terraces and Juliet Balconies (varies by location)

• High-quality Cast Iron Tubs and/or Walk-in Shower with Ceramic Tile Surrounds and Glass Enclosure (per plan)

• Ice Stone Slab Kitchen Countertops ® with Matching Backsplash ®

• Modern Under Mount Sinks with Heavy Duty Disposal and European Pull-out Faucets ®

• Designer Stainless Steel Appliances Package by Electrolux ®, Thermador ®, Viking ® and

Bosch ® (Penthouse units)

• Pre-wired for Home Entertainment Systems

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Available Leases Under $2,000 in Downtown LA

Available Leases Under $2,000 in Downtown LA

Higgins lobby

1. Shy Barry Grand – 312 W. 5th St. $1,600 650 sq. ft.
2. 215 W. 7th St. $1,700 642 sq. ft.
3. 430 S. Broadway $1,750 820 sq. ft.
4. Shy Barry Grand – 312 W. 5th St. 830 sq. ft. $1,850
5. Blackstone 901 S. Broadway 750 sq. ft. $1,900
6. Avant – 1420 S. Figueroa St. $1,950 523 sq. ft.
7. Avant – 1360 S. Figueroa St. $1,950 561 sq. ft.
8. Higgins – 108 W. 2nd St. $1,995 610 sq. ft.

Just Leased by Maple Navarro! Hanover Apartment for $2,550 a month!

Hanover pic kitchen

Hanover pic balcony

Realtor® Maple Navarro has just leased a apartment for $2,550 a month at the Hanover Apartments! It’s a gorgeous 1 bed, 1ba apartment!

The Hanover apartments feature 3 resident courtyards, a resort-inspired pool, a 1,200‐sf sunset deck on the 6th floor and sprawling 6,000‐sf club room.

The Hanover is downtown L.A.’s newest apartment community full of sophistication, design and luxury. At these South Park apartments, you’ll have your choice of incredibly spacious studio, one and two bedroom homes as well as exciting work/live spaces. Each residence is fully appointed with designer finishes and thoughtful touches.

My review: The bathrooms are huge. The walk in closets are enormous. There’s no wasted space. The bedrooms are spacious. Hallways are not taking up all the space. Some of the units have great views including views of the Eastern Columbia and the Ace Hotel. The location is great because it’s close to the Ace Hotel and LALive. The lobby, pool and clubhouse area are all five star amenities.

Please call Maple Navarro at (310) 430-1949 to see and lease at the Hanover Apartments today!
Calbre#01924421 Greenstone Properties LACondoSearch.com!

Just Leased by Maple Navarro at 8th and Hope Apartments!

Maple Navarro has just leased a 2bd apartment at 8th and Hope Apartments for $5,500 a month.
8th and Hope have amazing amenities and floor to ceilings windows with amazing balcony views! This is one of the hottest places to live in Downtown LA right now! My clients absolutely love 8th and Hope! This weekend, 8th and Hope held a party for the Mayweather v. Pacquiao fight with food and drinks. There were at least 500 people there and 8th and Hope provided for them and everyone had a great time! The amenities at 8th and Hope are amazing!
They have a 24 hour rooftop with BBQ grills, lounge area, TVs and beautiful skyline views. This is a gorgeous high rise and the rooftop even has a dog run! Also, the pool level is absolutely amazing with large cabanas with TVs and a spa. Also, there is a large clubhouse next to the pool with conference rooms and TV lounge rooms. The gym has two rooms with a spin room and a cardio room. There are several cardio and yoga classes provided for free to the residents. The floor to ceiling windows are a great draw to residents and the amazing views! This is absolute luxury living in Downtown LA! Beautiful, astounding and breathtaking, 8th and Hope is a great place to live!

Please call Maple Navarro to show you the properties at 8th and Hope! Call Maple at (310) 430-1949! Calbre#01924421 Greenstone Properties LACondoSearch.comJustleased8thandhope

Just Leased EVO loft by Maple Navarro! $1,950 a month!

Please call Maple Navarro (310) 430-1949 to find your dream loft today!
Calbre#01924421 Greenstone Properties LACondoSearch.com

This is a beautiful loft at Evo. It is unit 913. It is a 1bd, 1ba 750 sq. ft. unit.
The amenities at Evo are amazing. There is an infinity pool, rooftop clubhouse with a gorgeous Downtown LA skyline view and a rooftop gym.

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