APRIL FOCUS--LITTLE TOKYO LOFTS

In early March, I bought a unit at Little Tokyo Lofts, which now serves as the office of Downtown Residential Real Estate and as my second home. I like the place very much, both as a place to live/work and as a long-term investment. The Sales Office of the developer, Hammer Ventures, informs me that there are around 40-45 units out of 161 still available at this time, going fast. They are for sale at a variety of prices, mostly lower floors, various floor plans, three remaining exposures (northern is pretty much sold out). I can represent a buyer of these units, negotiate concessions/amenities on my client's behalf, and get paid a commission by the Seller/Developer. There is, in addition, what I consider to be an especially good opportunity to buy upgraded units from a reseller. These are the only two units published for sale on the MLS other than those being sold by developer Hammer. They are both approximately 800 square feet with city views. These properties are listed with another agent, who represents the seller and offers to "cooperate" with a buyer's agent. Seller pays all commission. For sake of ease, I will simply reprint here the MLS-published remarks of the List Agent. Call me, Stephen May, at 213-221-4514, who will represent you the Buyer exclusively, for more information or to arrange a showing. Unit 522, Asking $455,000--List Agent's REMARKS: "Come Now! Model unit priced for immediate sale! Slashed over $50k! Designer upgrades include additional cabinetry, lighting, window treatments, niches, all stainless appliances, lush paints & so much more. Plus an unbelievable 2 car parking that you own & an unheard of 1 year paid HOA at $429 per month. Dont miss this once in a lifetime chance to own a gorgeous live/work loft in the heart of downtown LA." Unit 402, Asking $457,000--List Agent's REMARKS: "Huge reduction.. over $50k! Model unit priced to sell quickly. Your gain on an a move in ready designer unit.. ready to go! Plus, you own 2 car parking and get a FREE year of HOA at $419 per month. For a live/work loft of this quality and calibur at this price simply does not exist anywhere in downtown LA. Do not miss this golden opportunity. Come now!" The language the Seller's Agent uses in his property description is a little different from the language I use...but you get the picture. Again, call Stephen May, REALTOR at 213-221-4514 for more information or to arrange a showing of these two units (any day, any time), or other units being sold through the Sales Office (Monday-Saturday, 10-5). I especially like Little Tokyo Lofts. I bought here myself. And I know Downtown condos!