Downtown

Most expensive downtown condo in 2012: $4 million

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There were 354 sales of lofts and condos in greater Downtown LA's top 30 buildings last year, says a new tabulation from the Loftway Report, per Curbed LA. The top price was $4 million, the lowest $120,000. The report doesn't identify where those specific units were, but the highest value per square foot was in the Ritz-Carlton Residences high above LA Live (between the 27th and 52nd floors.) The lowest price per square foot was in the Little Tokyo Lofts. The average price for a normal sale was about $600,000, or half of that for units moved on a short sale. The Eastern Columbia Lofts at 9th and Broadway had the most most short sales — 10.

Aside from the sales, there were 199 units leased during the year at an average price of $1.99 per square foot. The report includes the 1100 Wilshire Building and probably some others that are west of the Harbor Freeway.


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