Roosevelt Lofts vs. 1100 Wilshire: Which Downtown Los Angeles Loft To Buy?

Comparing and contrasting Roosevelt Lofts to 1100 Wilshire condos. Prices and square footage being equal, I'd choose Roosevelt. But the market reality is that 1100 Wilshire is about $150,000 cheaper for a similar sized unit, now what? Which is better now?

1100 Wilshire with a view and $150,000 cheaper? I'd take 1100 Wilshire in a heartbeat. As good as Roosevelt is, I believe, a skyline view is still desirable and worth something. Unfortunately, the market forces are such that 1100 Wilshire is currently selling at a pretty good discount. What are those forces? First, 1100 Wilshire units were on sale a few years ago, which means current sellers paid less for their units relative to construction costs. Second, Roosevelt lofts are currently being sold direct by the developer, and as a result, the prices have to be held steady in order to maintain market values for the units that have already been purchased. Whether Roosevelt will remain $150,000 more expensive 2 years from now when these units go back on the market remains to be seen. But as an investment today, a unit with a view at 1100 Wilshire that is over $150,000 cheaper has more upside than the same sized unit at Roosevelt. Of course, what good is an investment if you can't stand to live in it? As long as you ENJOY living in the building, then the investment aspect is secondary. A home's value to its owner is more than just dollars and cents sometimes.

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