Our buyer knew from the beginning that he wanted a condominium in Downtown that would provide investment potential. After exploring the available options, we determined it was worth the wait to secure a unit in South Park’s new Ten50 building on pre-sale. As discussed in one of our recent blog posts, the area is receiving a major face lift with several new developments, including restaurants, retail space, and an outdoor mall. After opening escrow in June of 2016, patience was the name of the game. Over the next nine months, the builders were able to complete the project, and our buyer was able to close escrow on this beautiful eighth floor unit with one bedroom, one bathroom, and a bonus “den” area that our client intends to use as a music studio. The building is complete with an office/meeting room, a theater/movie room that residents can reserve for private events, a gravity pool with views of Downtown’s skyline, a large gym, and an outdoor bar/barbeque area. Its proximity to the Staples Center, L.A. Live, and the upcoming outdoor mall and shopping areas make this buy not only a comfortable fit for our client, but also an excellent investment opportunity.
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