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Curbed LA PriceChopper: Downtown Loftees

No gloating. The pricechop continues to be felt everywhere, Downtown is no exception. So today we look at a few of the lofts now available on the market that have suffered the indignity of a price reduction. All featuring stainless steel appliance -- how chic.

1) What/Where: 1 bed/1 bath at Molino Street Lofts (above)
Pricechopped: Twice in 172 days
Price Reduced: 02/06/07 -- $699,900 to $679,000
Price Reduced: 03/06/07 -- $679,000 to $665,000
Days on Market: 172
The Skinny: Ah, yes. The up and coming Artist District of far east Downtown LA. This live/work loft unit offers what every artist desires: "stainless steel appliances, stained and sealed concrete floors, central air/heat, ceasarstone countertops" and exposed vent/duct work for "that authentic loft feel." Get inspired by stainless steel and caesarstone!
· 530 MOLINO ST #116, Los Angeles, CA 90013 []

2) What/Where: 2 bed/2 baths at the Grand Lofts
Pricechopped: Arghh. Below a million. On the market over a year?
Price Reduced: 09/06/06 -- $1,050,000 to $997,000
Days on the Market: 372
The Skinny: The Grand Lofts are sold out according to the loft web site, so you may have to take this beauty if you want in. Described as "like a penthouse", the unit features hardwood floors, stainless steel appliances and we're guessing granite countertops. High ceilings and decent views. Now for only six figures.
· 330 WEST 11TH STREET #501, Los Angeles, CA 90015 [ZipRealty]

3) What/Where: 0 bed/1 bath at the Barry Lofts
Pricechopped: Did someone say highly motivated seller?
Price Reduced: 01/14/07 -- $485,000 to $479,900
Price Reduced: 03/01/07 -- $479,900 to $460,000
Price Reduced: 03/19/07 -- $460,000 to $449,900
Price Reduced: 04/01/07 -- $449,900 to $435,000
Days on the Market: 151
The Skinny: And we quote: "***highly motivated seller***bring all offers!!***all offers will be responded to!!!***" The studio loft features 890 sf and full kitchen with, you guessed it, stainless steel appliances. Concrete and tile floor throughout and a private balcony. All within wi-fi stealing distance of Pershing Square.
· 312 W 5TH ST #412, Los Angeles, CA 90013 []