Five of the Best Investment Properties in Downtown Los Angeles
June 21, 2017 By Emily Manthei
With more than 9,000 units added in the last 10 years and thousands more on the way, Downtown Los Angeles is experiencing an unprecedented condominium boom. The Loft Exchange realtor Bill Cooper says that the city is in the middle of a five-year growth cycle, “In another three years, most of the condos under construction will be coming on the market, and things will change again.” For now, those on the lookout for investment properties have an opportunity to snag a great deal. Pick your favourite from the following five recommendations, each guaranteed to be worth your while.
The newest building to open its doors in Downtown is South Park’s Ten50. It’s 25 storeys of boutique residences, looking down at trendy neighbourhood additions Whole Foods and the Ace Hotel. The largest penthouses span more than 3,500sqft across two storeys and command a $4 million (S$5.58 million) price tag. With 60 per cent of units already sold, the first owners are taking advantage of the 13,000-sqft indoor-cum-outdoor lounge. Called The Fifty, it comes complete with plunge pool and yoga garden. The cherry on top is a drone landing pad, allowing residents to coordinate drone deliveries to the rooftop via smartphone.
1050 South Grand Avenue