The Hollywood real estate forecast for 2020 looks like it will bring some good news for buyers (and for homeowners alike) but, not as much for sellers. Located right alongside LA, Hollywood is one of the best-known neighborhoods in the area. Famous as the entertainment capital of the world, Hollywood real estate is some of the most sought after in the Golden State. Read on to learn more about the real estate forecast for Hollywood for 2020 and just beyond.
The Hollywood residential real estate forecast for 2020 will probably continue its current trend. At this time, Hollywood is in a buyers’ market, meaning the inventory is quite low, while there are many times more buyers in the market. That causes home values to decrease since the supply isn’t high enough.
Currently, the median home value in the neighborhood of Hollywood is $951,564. This represents a decline of 3.8 percent compared to this time last year. Real estate industry experts and economists alike believe that will continue but at a more moderate pace of a 1 percent decrease. This will happen over the course of the year.
Meanwhile, the median listing price per square foot in Hollywood stands at $687. That’s higher than the surrounding metropolitan area, which is at an average of $551. Presently, the median listing price or asking price in the community is $1 million, although the median selling price is $847,000.
At this time, by comparison, the median rental price is $3,632 per month. That too is more than the wider metro area of $3,500 per month.
As for distressed properties, which include both foreclosed properties and short sales, these are statistically immeasurable right now. Essentially, the number of distressed properties available on the market in Hollywood is effectively zero. This is markedly lower than the national average of 1.2 percent.
This also represents good news for buyers and sellers alike. For sellers, the presence of substantial distressed property sales depresses their home values. It also encourages investors to jump in but they don’t homestead.
As you can see, the residential real estate market in Hollywood is a cool one, with no present sign of it picking up. However, this helps buyers to get into the market because prices aren’t rising quickly. Meanwhile, it helps homeowners, since it doesn’t involve artificial pressures on the local market.
Benefits of living in downtown LA come in many shapes and sizes. So much so, there are a plethora of benefits that most people would happily list. But, let’s stick with the most popular ones. It’s not just about being in the heart of the action, in one of the most creative communities in the world, and the terrific weather, there’s just something about living in downtown Los Angeles and we’ll take a look at the most compelling advantages.
The benefits of living in downtown LA start with the fact it’s arguably the biggest entertainment mecca on the globe. But, that’s certainly not all to love about living in downtown LA. Here are the most compelling reasons to call downtown Los Angeles home:
All this, not to mention the fact that there are some of the best restaurants on the west coast, along with so many kinds of retail shops. Moreover, healthy lifestyles are all the rage here. So, you can eat healthily and stay fit, no problem at all.
As you can plainly see, living in downtown Los Angeles has many advantages and it’s why so many people chose to call it home.
The Culver City California residential real estate market forecast for 2020 looks fairly bright and brings good news for both buyers and sellers, alike. In fact, it ought to help in a big way for those who have previously been unable or resistant to entering the market or selling to relocate or merely move across the block. The bottom line is that the residential real estate in Culver City should bring good things. Read on to learn more about the Culver City residential real estate market for 2020.
The Culver City California residential real estate market forecast for 2020 is estimated to experience a more modest upward trend. For instance, over the past twelve months, home values in Brevard County have risen by an impressive 5.8 percent. That brings the median home value in the community to $1,236,277. However, economists and real estate industry experts believe that this rate will decrease to 1.2 percent over the course of 2020 and perhaps a bit into the coming year.
If this does materialize, it will essentially freeze home prices. That’s certainly good news for active and potential buyers, who can take advantage of the slow down to get into homes. (It’s also good news for sellers because this indicates there’s not a bubble forming.)
The median list price per square foot in Culver City is now at $672, which is markedly higher than the greater Los Angeles metropolitan area of $447 per square foot. Meanwhile, the median listing price in the area stands at $1,097,000, with the median monthly rental rate being $4,200 (also higher than the greater metro area of $3,200).
Right now, distressed properties, which consist of foreclosed properties and short sale homes, are a very small percentage of the market. Mortgage delinquency in Culver City is only at 0.6 percent, lower than the national average of 1.1 percent. Additionally, the number of homeowners underwater in their properties is only 2.1 percent or about half of the greater metropolitan area of 4.1 percent.
Since there are so few distressed properties available and so little coming into the market in the coming months, this too helps to make the local real estate market all that more stable.
As you can see, there’s quite a lot of good news for the Culver City residential real estate market now and into the foreseeable future.
The Long Beach California residential real estate market forecast for 2020 will likely continue along with its current trends, which is a very active seller's market. At this time, available data points to no significant change for the rest of the year, even into the first part of 2021. However, since the future is uncertain, any significant event could substantially alter the market at any time, either short-term or long-term, depending on the circumstances. Read on to learn more about the residential real estate market for Long Beach California and what you should know.
The Long Beach California residential real estate market forecast for 2020 looks as though its trajectory will remain the same through most of this year. At this time, the market seriously favors sellers over buyers. Currently, the median list price stands at $599,000, with a median sales price of $558,400.
This represents 93 percent or just 7 percent below the median list price in the area. Such a figure helps to explain why this is a seller's market. Additionally, only about 11 percent of homes listed for sale have had to drop their asking price, another indicator of a hot market. What's more, the average days on the market is just 74, also signifying an active market.
At this time, households with negative equity, or underwater mortgages, stand at about 5.1 percent, which is below the national figure of 8.2 percent. Also, just 0.6 percent of all households in the Long Beach area is delinquent or behind in their mortgages, about half of the national number of 1.1 percent.
Presently, there is not enough statistical data to represent the number of distressed properties, which consists of short sales and foreclosures. This additionally helps to propel the market, as the absence of short sale and foreclosure units makes for a more healthy market, mostly free of non-traditional listings that would otherwise depress traditional homes for sale.
The Long Beach California residential real estate market has experienced a long-running seller's market environment, and that will likely not change in the near or even distant future. Due to the high demand for inventory, along with historically low-interest rates, and historically high rates of employment and new job availability, all but guarantees the trend to stay the same through the remainder of the year. Unless there is a substantial shift in market dynamics, the real estate landscape will remain the same.
The Pasadena California residential real estate forecast for 2020 will likely bring a change that’s good news for sellers. It will also benefit homeowners and will even help out buyers in at least one way.
The Pasadena California residential real estate landscape is a very good one at the moment. In fact, right now it is considered a balanced market between buyers and sellers
At this time, the median home value in Pasadena is $837,078. Over the course of the past year, prices have risen by 0.5 percent and economists and industry experts both predict that home values will increase by 3.8 percent over the 2020 year.
Presently, the median list price per square foot is $582 in the Pasadena area residential real estate market, which is higher than the Los Angeles-Long Beach-Anaheim Metro average of $444 per square foot.
Right now, the current list price is $899,000 for residential properties in the Pasadena community, while the median sales price is $825,200. This means that homes in the Pasadena residential real estate market are ultimately selling for approximately 92 percent of their listing price.
Meanwhile, the median rental rate is $2,850 in Pasadena, while the median rental amount is $3,200 in the Los Angeles-Long Beach-Anaheim Metro area at-large.
About 0.5 percent of Pasadena homeowners are delinquent in their mortgages, less than the national figure of 1.1 percent.
The number of underwater mortgages in Pasadena currently stands at 3.6 percent, while the national number is 4.1 percent.
All of this data points to a strong and healthy residential real estate market for the city of Pasadena over the next 12 months, perhaps a bit longer. This is very good news for sellers, as home values are expected to incrementally rise but not at too rapid a rate.
It is also fairly good news for buyers who are entering the real estate market in Pasadena, as home prices will not immediately skyrocket in the near future. Meanwhile, homeowners will continue to enjoy strong property appreciation that is not unrealistic, helping them to avoid underwater mortgage situations for those with good home loan terms.
Since there are statistically very few homeowners underwater or delinquent, the distressed property market should not have an adverse impact on non-distressed homes in the area. This will help properties to retain their value without any artificial pressure from distressed properties or investors looking for quick flip opportunities.
Marina Del Rey Market Forecast 2020
The Marina del Rey California residential real estate market is among one the most highly desired and expensive in the entire country. The community is well-known for its safe neighborhoods, fantastic weather, good school system, and it's relative seclusion.
The Marina del Rey residential real estate market forecast for 2020 has very little surprises in store for buyers and sellers alike. In fact, not much is expected to change over the course of the next twelve months. Read on to learn a little more about the Marina del Rey California residential real estate market for 2020.
The Marina del Rey residential real estate market forecast for 2020 won't necessarily change much as the year unfolds. Basically, what has been occurring over the past year will more than likely continue, except in the event of an exceptional turn in the regional or national economy.
Known for its super-sized Marina, the community of Marina del Rey is located in the greater Los Angeles area of the Golden State. It is best known to residents and visitors alike for its water recreation, arts and culture, dining and shopping, and other amenities. It is also one of the most prestigious places to live in the state, and in the nation.
Presently, the median home value in the Marina del Rey community stands at $1,735,562, far above many other locations in the state and also in some of the more notable places in the country.
Over the course of the past 12 months, the average home value in the community of Marina del Rey California has dropped by a margin of 7.9 percent. This trend is largely expected to continue, albeit at a more modest rate of 7.2 percent over the course of the year 2020.
At this time, there is very little sophistical data on the present or upcoming health of the residential real estate market in Marina del Rey. This is due to the fact that sales are much more infrequent in this area than they are through the greater Los Angeles community. Therefore, it is very difficult to accurately assess or even generally estimate how the Marina del Rey residential real estate market will perform throughout the year, or even in the next quarter.
However, with home prices only set to slightly decrease by 0.7 percent, it is highly unlikely that anything will substantially change for the Marina del Rey residential real estate market as the year 2020 unfolds.
The downtown Los Angeles residential real estate forecast for 2020 is one that should experience a continued balance between buyers and sellers. One of the single hottest residential real estate markets in the United States, LA has experienced a bit of growth but some factors are marginally pulling it back. Read on to learn more about the downtown LA real estate forecast for 2020.
The downtown Los Angeles residential real estate forecast for 2020 should see a bit of cooling in the way of prices but continued heavy activity. Because of its terrific weather and booming economy, downtown LA is a wonderful place to live, work, and play.
Here, residents and visitors alike enjoy the Griffin Observatory, Disneyland Park, Hollywood, Universal Studios, and countless bars, restaurants, retailers, entertainment venues, and a lot more. Known for its delightful weather and proximity to the west coast and the Pacific Ocean, LA is a city with a population of over 4 million residents.
Downtown is a particularly popular location because it’s in the heart of the actions. There’s quite a bit of activity here, including the development of new housing, which also includes lofts and more types of residential housing.
Right now, the median home value in LA is $713,600, having risen by 4.6 percent over the course of the past year. The median list price per square foot in the Los Angeles area is now at $550. This is above the greater metro area, which has a median list price per square foot of $443.
Meanwhile, the median list price in the greater LA area stands at $859,000. However, the median selling price in the area is $722,800. Additionally, the median rent price in Los Angeles is $3,600, which is higher than the overall metro cost of $3,200.
At this time, the number of loan delinquencies is 0.7 percent. And, 0.4 percent of homes are foreclosures currently. Meanwhile, the number of homeowners who are underwater in their mortgages (those who owe more on their home loans than their properties are worth) is at 4.3 percent. This is slightly above the overall metro figure of 4.1 percent.
Presently, the balance between buyers and sellers is near parity. That helps to keep home values from rising too much over the course of the coming year. If this continues, housing prices might slightly drop over the next several months.
West Hollywood weather is most definitely some of the finest on the planet. In fact, it’s quite enviable because of its welcoming climate. Located less than ten miles to the west of the city of Los Angeles and spanning just under two square miles in size, the city of West Hollywood formally incorporated in late November of 1984. Today, it has a population of more than 36,800 residents and they and visitors alike enjoy West Hollywood weather.
West Hollywood weather is definitely something that needs to be experienced firsthand in order to be truly appreciated.
Known most famously for being the home of the Sunset Strip and its many nightclubs, bars, restaurants, West Hollywood is a favorite destination for residents of the Golden State and those in and around LA, as well.
But, it’s also situated in a subtropical-semi-arid climate with year-round warm weather. Here, it rarely snows and also receives very little rain on an annual basis. Here’s what you need to know about West Hollywood weather:
Things to do in West Hollywood are notoriously famous (or infamous, depending on your point of view) for being centered around nightlife. Spanning under two square miles in size and home to the Sunset Strip, West Hollywood is also home to a number of clubs, restaurants, bars, and other popular attractions.
Located less than ten miles away from Los Angeles, West Hollywood was first settled by Europeans in the 1700s. It grew in different ways since that time, including becoming a connection point for ranches to the west. Today, it’s a popular place for visitors, and for good reason. Read on to learn more about the best things to do in West Hollywood.
Things to do in West Hollywood range from retail therapy to vibrant nightlife. While most visitors tour the Sunset Strip, there’s more to see and do in and around West Hollywood, like the following:
West Hollywood is a city that’s found within the confines of Los Angeles and is most famously known as being the home of the Sunset Strip. It’s a relatively small community, spanning just under two square miles in size, at just 1.89 square miles total. Read on to learn a little more about West Hollywood.
West Hollywood stood as an unincorporated community for many, many years. This lasted for several decades and was even once partially known as “Sherman.” That is, until late November of 1984 when it formally incorporated as a city.
The modern community of West Hollywood was first settled sometime in the late 18th century by Europeans. Until that time, it was inhabited by indigenous people. In the 1780s, what’s now Sunset Strip became a major connection point.
During the 1920s, when the proliferation of casinos began in and around the area, the community really began to take its current form. With the casinos, nightclubs, and many other types of businesses. Then, movie-making elements started to appear in and around the community.
It was in the 1960s West Hollywood became home to the so-called hippie movement. Today, it’s home to more than 36,800 residents and is still best well known for its nightclubs, restaurants, bars, and of course, Sunset Strip.
Another big element of West Hollywood is its wonderful weather, which boasts some of the mildest winters in the nation, warm and pleasant summers, and spectacular spring and fall seasons.
Today, West Hollywood is a place unto its own, with a number of attractions for visitors and residents alike.
The West Hollywood cost of living is one that’s a bit more expensive than other major metropolitan areas. But, it isn’t beyond affordability. Housing is obviously the single most costly expense in West Hollywood, but the day to day living expenses aren’t too bad at all. Read on to learn more about the West Hollywood cost of living.
Located to the west (no kidding) of Hollywood, West Hollywood is less than ten miles away from Los Angeles. Incorporated in 1984, it’s often referred to as WeHo, spanning just 1.89 square miles in size, with a population of about 36,800+ residents.
Now, let’s take a quick look at the West Hollywood cost of living. We’ll use a baseline score of 100 as the national average. Here’s how the cost of living in West Hollywood breaks down by category:
Obviously, housing is the biggest expense, scoring 359 with 100 at the national average.
The West Hollywood real estate market forecast for 2020 is one that should benefit both buyers and sellers. In fact, it ought to provide enough to bring about stabilization (which has already been occurring over the past several months). Based on previous trends in the twelve months prior, combined with what typically happens in the new year should help the West Hollywood real estate market. Read on to learn more about what to expect with the West Hollywood real estate market.
The West Hollywood real estate market forecast for 2020 looks pretty good. Being in an otherwise hot and somewhat unpredictable market that’s right around the corner, West Hollywood is a great place to call home.
First settled in the 1770s and developing in the years thereafter, it wasn’t until around the first decade or two of the twentieth century it really got its start. Incorporated much later on in November of 1984, West Hollywood is just 1.89 square miles in size, with a population of approximately 37,000 residents.
Boasting warm and welcoming summer months, with an ultra-mild winter, and delightful spring and fall seasons, West Hollywood has some of the best weather in the nation. That alone makes it a wonderful place to call home.
Right now, the median home value in the community of West Hollywood stands at $821,600. Over the course of the past year, property values have risen by 0.8 percent. Industry experts predict house values will continue to increase by about 1.3 percent over the course of the next year.
The median list price per square foot in West Hollywood is now $868, which is substantially higher than the LA metro area average of $400 per square foot. Meanwhile, the median list price of residential homes in West Hollywood is $1.157 million.
Also, the median rental price per month in West Hollywood stands at $4,500, compared to $3,200 per month in the LA metro median.
Currently, the rate of delinquent mortgages in the community of West Hollywood is 0.4 percent, lower than the national figure of 1.1 percent. At this time, the number of homeowners underwater in their mortgages is 5.8 percent, compared to the metro number of 4.1 percent.
At this time, the market is considered to slightly favor buyers over sellers, although it does not fit the description of a true buyers’ market.
The Marina Del Rey real estate market forecast for 2019 through 2020 is a peculiar one. Although it’s a highly desirable place to live, the market at this time is considered cool, favoring buyers over sellers.
But, there’s plenty of good news when it comes to the Marina Del Rey residential real estate market, too. This includes steadily rising home values, and a virtually non-existent distressed property market (or almost no short sales and foreclosures). Read on to learn more about the Marina Del Rey real estate market for 2019 and 2020.
The Marina Del Rey real estate market forecast for 2019 through 2020 is one that should continue on its current path. That is to say, that home values are on the rise and with almost no distressed properties, will most likely remain that way into the foreseeable future.
Located on the west coast to the southwest of Los Angeles, Marina Del Rey runs along the Pacific Ocean. It’s an unincorporated community, home to the largest man-made small marine vessel harbor in all of North America. Marina Del Rey has a relatively small population, of nearly 8,900 residents and is also home to the Venice Canals, Marine Beach, the Venice Boardwalk, and more.
The median home value in the community of Marina Del Rey currently stands at $1.1 million, with an increase in property values of about 2 percent over the course of the past year.
Right now, economists and real estate professionals both predict that home values in the Marina Del Rey area will increase by 2.8 percent over the next year.
Currently, the median listing price per square foot for homes in Marina Del Rey stands at $781. Additionally, the median selling price in Marina Del Rey is nearly $1.2 million, while the median rental rate in the community is $5,500 per month.
At this time, the distressed property rate in Marina Del Rey is nearly zero or statistically immeasurable. This, compared to the national figure of 1.1 percent. However, the number of homeowners underwater in their mortgages or owing more on their homes than their properties are worth is about 4.3 percent.
All of this clearly shows the residential real estate market in Marina Del Rey is one of the most solid in southern California. With such numbers, Marina Del Rey makes a great place to call home.
The Santa Monica real estate forecast 2019 is currently on the cooler side of the action. Meaning, it’s more favoring buyers than sellers, which is quite different from other areas in and around the larger LA market. But, that’s okay because it means Santa Monica offers some great benefits for buyers -- and even sellers alike. Read on to learn more about Santa Monica real estate market forecast for 2019 and what’s likely to unfold in the next several months.
The Santa Monica real estate market forecast is one that’s presently undergoing a much-needed correction. While some surrounding neighborhoods and communities continue to experience increases in housing prices, Santa Monica is on the opposite trend.
Located on the coast of the Pacific Ocean, west of downtown Los Angeles, Santa Monica is home to the Santa Monica Pier, the Pacific amusement park, Looff Hippodrome Carousel, and the Santa Monica Pier Aquarium. It’s also the home to the famous Muscle Beach and a number of art galleries.
Right now the Santa Monica real estate market typically favors buyers over sellers. This is due to the fact there’s plenty of inventory available, but fewer active buyers in the area. In other words, Santa Monica is experiencing a disparity between buyers and sellers and is not a balanced market.
During the course of the past year, housing prices have actually fallen in Santa Monica by about 4.7 percent. Although, the median home value in Santa Monica stands at $1.68 million.
Nevertheless, economists and industry experts believe home values in Santa Monica will shrink by approximately 3.6 percent over the course of the coming year.
At this time, the median list price per square foot in the Santa Monica market is $1,122, which is above the LA metro area average of just $439. Meanwhile, the median price of homes for sale in Santa Monica is $1,799,500.
Presently, the median rent price per month in Santa Monica stands at $5,300, which is also higher than the LA metro figure of $3,200 per month.
Distressed properties constitute a very small portion of the Santa Monica residential real estate market. Right now, just 0.2 percent of homeowners in the community are delinquent on their mortgages. While underwater properties account for a mere 2.8 percent.
As you can see, the entire Santa Monica real estate market presents prime opportunities for buyers. And should do so for the foreseeable future.
The San Fernando Valley real estate forecast is one that’s showing no real signs of slumping. But, it does have factors that do indicate a bit of a needed cooling off. Just last month, home prices in San Fernando Valley hit an all-time high, according to Curbed.com. However, what goes up must come down and over the course of the next year, the local market will probably experience a mild pullback. Read on to learn more about the San Fernando Valley real estate market.
The San Fernando Valley real estate forecast predicts a bit of ease in the ongoing activity of recent months. During the course of the past year, there’s been substantial growth. But, over the next twelve to eighteen months, trends are forecast to change to bring more balance to the region. Here’s what to know about The San Fernando Valley real estate forecast:
There’s a hint of a shift toward a more balanced market between buyers and sellers in San Fernando Valley. For the past several months, home prices have steadily increased due to a number of factors. One such component is limited availability. That puts buyers at a disadvantage while benefiting sellers. However, this will probably change over the coming months, bringing the San Fernando Valley back into more of a balance.
Additionally, there are some elements that will play into the San Fernando Valley real estate market, such as distressed properties coming into the picture. Right now, 4.7 percent of all homeowners are underwater and the mortgage delinquency rate is 0.3 percent.
The Silver Lake California real estate forecast for 2019 is a good one. And, if predictions come to fruition based on current and previous trends, one that will benefit both sellers and buyers. So, let’s take a look at the Silver Lake California real estate forecast for 2019 and what buyers and sellers might expect in the near and not too distant future.
The Silver Lake California real estate forecast for 2019 will likely record a decrease in the rate of housing prices increases and very few distressed properties, or foreclosures and short sales, coming onto the market.
Silver Lake is a residential neighborhood in Los Angeles, California. It’s mostly known for street art, boutique coffee shops, diverse eateries and fare, vegan cafes, and indie music spots. Silver Lake is likewise home to a popular walking trail and it boasts its own dog park and greenspaces.
But, Silver Lake is also well-known for its great neighborhood at-large. This leads us straight into the Silver Lake real estate forecast for 2019.
Right now, the housing market in Silver Lake is hot. It greatly favors sellers at this time, with home values have risen by 6.3 percent over the course of a year. That trend will continue, only at a more subdued, moderate pace of 2.4 percent over the course of the coming year.
The median list price per square foot in the community of Silver Lake is now at $730, which is above the LA metro area figure of $536 per square foot.
At this time, the median list price of homes in the Silver Lake neighborhood is $1,199,000. Although, the median sales price in the community is lower, coming in at $1,159,800, about a difference of 3 percent less.
Meanwhile, the median cost of rent in Silver Lake is currently at $3,800 per month, which is also higher than the LA metro area number of $3,495 per month.
Along with a slowing in the rate of increase in home values in Silver Lake, there are few to no distressed properties, which include foreclosures and short sales. This means there are no obligatorily discounted houses in the area, which would help to reduce the prices of neighboring homes.
This likewise means a transition away from a sellers’ market to a more balanced market, putting buyers and sellers at or near parity. With such dynamics going on, now is the time to buy or sell in Silver Lake.
The advantages of living in downtown Los Angeles are too numerous to list. But, it’s worthwhile to know some of the better reasons to live in downtown LA. Obviously, with the population of the city being one of the largest in the country, there are definitely reasons people choose to live in downtown LA. So, let’s get into the most compelling reasons to live in downtown LA and its biggest advantages.
The advantages of living in downtown Los Angeles are nothing short of awesome. Located on the west coast, not too far away from the coastline and beaches, Los Angeles is best known as an entertainment mecca. Sure, movies, television, music, and more are all here in a big way, but that’s not all which attracts people to move to downtown Los Angeles. Here are the biggest benefits to living in downtown LA you should know about:
As you can see, living in downtown LA offers many benefits.
What is a loft apartment and how does it differ from a traditional apartment or condo? The answers are not very complicated. But, at first, it might seem just a bit confusing. So, let’s take a quick look at what a loft apartment is and isn’t.
What is a Loft Apartment?
A loft apartment is a type of residential living space. Usually, loft apartments are wide open, with an undivided floor plan. Meaning a typical loft apartment does not have any or few walls. Instead of having a distinct bedroom, living, and kitchen spaces, segmented by interior walls, a loft apartment is an open concept, mostly throughout the entire space. (Except for the bathroom(s), that is.)
Conversely, a traditional apartment features one or more distinct bedroom spaces, made functional by walls, a door, and closet(s). Now, the difference between an apartment and a condo, generally speaking, is the former is normally rented and the latter is owned by its residents. (Contrary to popular belief, a condo isn’t a type of structure or home, rather, it’s a type of legal ownership.)
Typical Loft Apartment CharacteristicsWhat perplexes people about loft apartments is the fact they are open. Which causes the question, why to build a residential living space with no to very few interior walls. The answer lies in the structure itself. Loft apartments are usually converted spaces. Meaning, the building itself once served as a commercial or as industrial space. The commercial or industrial space was simply converted from either one large or several separate spaces into a set of residential spaces. This means typical loft apartment characteristics include the following:
Also, most loft apartments have a relatively undefined kitchen space (save the actual countertops and appliances), as well as an undefined dining area.
Loft Apartment Living Benefits
Why choose a loft apartment to live in over a traditional apartment? What're the real differences and what are the advantages? Here’s what you need to know:
What is a Loft, Anyway?
There are several benefits of living in a loft. It’s a wonderful place to call home and for a number of reasons. The big picture about loft living is that it’s in a great location, offers extensive customization, and is usually less expensive than other types of traditional living spaces.
What is a Loft, Anyway?
So, what’s the difference between a loft and a condo or an apartment? Well, it’s really about style. Lofts are typically converted living spaces. Meaning, a developer transforms a commercial space, such as an office building or a manufacturing building into several residential units. But, instead of going for an all-out conversion, like those found in condo units, lofts are open-concept spaces. Meaning, there are few walls and therefore, no dedicated rooms, such as a defined living room, separate bedrooms, and other partitioned spaces.
How Much does it Cost to Live in a Loft?
Living in a residential loft is generally less expensive than living in a condo. This is due to the fact lofts aren’t finished out. So, they are usually less costly to purchase or rent. (However, one caveat is utilities are generally a tad more expensive, due to the very nature of lofts, which are open and a little less energy efficient. Although, this does not truly apply to all lofts.)
Benefits of Living in a Loft
With this information about lofts, let’s take a look at the biggest benefits of living in a loft:
There are about a zillion things to do in Los Angeles, California. This wide-sprawling city is known for its many destinations and distractions. But, if you only have a day, weekend, or a few days to explore, you should see some of the best LA has to offer. Sure, there’s always the Hollywood Walk of Fame (and of course, the iconic sign) but for a little more excitement and tantalization, there are other opportunities of things to see and do in Los Angeles.
Downtown Los Angeles: Things to Do
When people think about things to do in LA, they automatically conjure images of celebrity names on the sidewalk. Even budding musicians hear the siren call of the local music scene. But, there are some great places to visit in LA that really showcase its diversity. Here are the top things to do in Los Angeles, California:
There are a plethora of educational opportunities in Southern California, From big-name universities to independent colleges, to adult learning programs, community colleges, and plenty more. In fact, there are literally dozens of colleges and universities in Los Angeles. And, you can find all sorts of disciplines. From medicine to religious, to engineering, and the arts, and education fields. The sky is the limit, whatever appeals to you, you’ll find it in the LA area.
Educational Opportunities in the LA Area
So, let’s begin with some of the most recognizable names in education in Los Angeles: the California Institute of Technology, University of California, LA, University of Southern California, Pepperdine, Biola, La Verne University, and Azusa Pacific. But, the list certainly doesn’t end there.
Right within LA, there is also: California State Polytechnic University, the Charles R. Drew University of Medicine and Science, the Claremont School of Theology, Los Angeles Film School, the Southern California Institute of Architecture, The Chicago School of Professional Psychology, the Western University of Health Sciences, and plenty, plenty, more. Some of these institutions offer 2-year and 4-year degrees in arts and sciences. Others offer graduate-level courses and masters’ degrees. Plus, there are also a number of private colleges to add to the mix. What’s more, you’ll also find a good selection of trade schools. So, you can learn skills like culinary, audio production, interior design, video production, animation, automotive work, medical assisting, criminal justice, business office administration,
HVAC, plumbing, electrical, the list goes on and on. Or, you might just go in a different direction, like healthcare management, hospitality management, information technology, industrial design, maybe even counseling.
The point is, Los Angeles is home to literally dozens upon dozens of places to learn. You can opt to just go for a two-year Associate of Arts or Associate of Science degree. For those so inclined to learn a particular skill set in a short amount of time, you can opt to attend a few months for a certificate. Or, go for a four-year degree to pursue sports medicine, physical therapy, education, engineering, programming, or perhaps pre-law or pre-medicine.
The good news is, you can find easy to earn certificates, to two-year coursework for an AA or AS, a full four-year degree, or even a master’s or doctoral degree. It’s really all up to you. Whatever you want to learn to start a career or to change careers, you’ll find it all and more, right here in Los Angeles. For help finding Downtown LA Real Estate for sale including Lofts- Sales contact us.
Venice California is full of tourist traps, tee-shirt shops, and a wide variety of street performers. And, that’s the things you’ll encounter when you visit Venice. But, that’s not all Venice has to offer. You can discover more to do in the area and some are downright surprising. It’s more than the typical LA scene and you’ll find things like idyllic canals, peaceful places, and of course, great beaches.
Things to Do in Venice California
Whether you’re visiting from across the country, out of town, or just a nearby state, you’ll need to put some great destinations on your list of must-see places. These will make your visit worthwhile and you’ll come away with some wonderful memories. Here are some of the top things to do in Venice, California: