1) Location, Location, Location: There are several condo projects located in the most desirable areas of Los Angeles, whether it be by Staples Center, on Sunset Blvd, or by the beach. Many Los Angeles condos are in prime locations that houses cannot be because of zoning.

2) Less Maintenance Work: Since most condominiums have maintenance crews in their building, you are relieved of much the headaches associated with house repairs.

3) More affordable: You can live in the most desirable places in Los Angeles without paying outrageous sums of money that you must pay when you buy a house in these areas.

4) Security: Condominiums are known to be safer than houses because of the security guards that protect the building.

5) Community: Condo owners get to know each other by running into each other in elevators, parties and “building” events.

6) Breathtaking views: Many high rise buildings have breathtaking city and ocean views.

There is a hot lease deal available in downtown Los Angeles at the Flower Lofts that is well below market.    Note: This Property has been Leased Out

You can lease there for 6 months to one year for $1900 a month. It is fully furnished, one block away from Staple Center, and needs to rent today because it’s vacant.

It is just under 1400 square feet. It has a huge walk in closet, master bedroom, 1 1/2 bathrooms, and can be used as 2 bedroom. It also includes parking.

For a review about Flower Street Lofts, read this.

To make an appointment to view the unit, call: (213) 973-8528, or contact us using this form

Property Photos:

Property Address: 1130 Flower St, Los Angeles, CA 90015

Everybody knows that the Real Estate Market is not booming right now.

Yet, when we compare Los Angeles Condos to common investments such as stocks, bonds, and gold, it becomes clear that Los Angeles Condos is the way to go, going into the next decade. And this is why:

1) Los Angeles Condos provides a clear utility that stocks, bond, and gold doesn’t have. You can live in it. Living in Los Angeles with all its economic opportunity, great weather, and entertainment gives it a clear edge over stocks and bonds, or gold, which does not have any real functionality. This mean that no matter if your asset goes up or down in value, you will be getting value from your Los Angeles Condo.

2) The leverage you can get with Los Angeles Condos makes it more worthwhile than other investments. The most leverage you can get with stocks is 2:1. With bonds, it doesn’t pay to get leverage because it eats away at your interest. With gold you can get 4:1, but you can easily be margined out and lose your entire investment if the value of gold drops. With Los Angeles Condos, you can get up to 9:1 leverage, and stay in your investment if the value of your real estate drops, until it comes back and appreciates again.

This sort of leverage means that if you buy your condo for $500,000, it appreciates to $550,000, and you put $50,000 down, and you lease it out for the same amount as your PITI (principal, interest, tax, insurance), you have made $50,000, or a 100% return on your investment.

3) Population statistics are in favor of more housing demand in Los Angeles. With such a strong desire for people to want to live in this city, most of the evidence points to a bright future for Los Angeles Condos. Yes there are some foreclosure and HOA problem that are keeping prices down and giving people the opportunity to buy low, but once this excess inventory clears, the next boom in Los Angeles will be on its way.

Utility, leverage, and population growth are three clear reason why Los Angeles Condos stands out as a solid investment for years to come.