200 N. San Fernando – 3 Remaining Lincoln Heights Condos

200 N. San Fernando – 3 Remaining Lincoln Heights Condos

There are only 3 condo units left for the Lincoln Heights adaptive reuse development known as Alta Lofts.

The historical building, designed by architects Morgan, Walls & Clements — the firm responsible for classic Los Angeles 1920’s showcases El Capitan, Music Box, and Mayan Theaters — created the space in 1925 as a warehouse for W.P. Fuller Paint Company.

While Spanish Colonial Revivalism and Mayan vignettes remain on the 4-story building’s facade and the main lobby, architectural firm Brooks + Scarpa (formerly Pugh + Scarpa) re-envisioned the space by adding 2 penthouse levels in 2009, along with 2 roof-top gardens and a parking structure.  The project, novel for its time, centered around revitalizing Lincoln Heights with moderate income residential units in a commercial space.

For first-time Buyers whose incomes range between $39,000 to $54,450 per year, 3 amazing units remain: #202, priced at $201,881; #211, the model priced at $199,900; and #413, a 2-bedroom at $252,586.  Monthly HOA dues range from $315 to $388 per month.

20% down payment will be supplied during escrow from the City of LA, with the Buyer requiring only 3% of their own funds for the purchase.

If you love the look of loft-living — clerestory windows, a linear kitchen, and exposed pipes and vents —  for the price of rent, this may be ideal for you.

Whirlpool appliances, gated entry, dedicated 1-car parking, and shared amenities — a gym, rec room, a BBQ area — complete the package.

Nearby: The Brewery Arts District, the Metro Gold Line, and the “Cornfield” to locals, or the Los Angeles State Historic Park, with 32 acres of greenery set against the backdrop of Downtown.

For additional information on the program and your ability to qualify, please contact Jovelle Narcise at (213) 718-1110.

Marisol Almonte has the listing and represents the Seller.

Comments

  1. sirin says:

    that place looks awesome!

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