Bring back the condo conversions: Los Angeles apartment to condo - TopicsExpress



          

Bring back the condo conversions: Los Angeles apartment to condo conversions pick-up steam, just like it did in the last housing run. “(LA Times) If someone can start selling condos in the city successfully, I think others will start to follow suit,” Ronin said. The gated complex lined with brick roadways features 67 units with one-, two- or three-bedroom lofts. The rent starts at $4,000 a month and can go up to $5,500, said Amir Haber, who co-owns and manages the property. Universal Lofts is a certified live-work property, which means that residents need a business license to live there, Ronin said. The lofts can be used entirely as office space or can double as a residence and a home office. About 95% of the complex is occupied, and Haber said the vacant lofts are for sale. The asking prices range from $900,000 to $1.3 million.”
Posted on: Wed, 21 Aug 2013 19:46:08 +0000

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