clock menu more-arrow no yes mobile

Filed under:

Fancy Brick Condos in Angelino Heights Will Go Rental Instead

New, 14 comments

That brick behemoth over the 101 in Angelino Heights might finally see some life one of these days--Eastsider LA reports that the long-stalled Brownstone Lofts condo project has sold to Lion Real Estate Group, which plans to switch it up and go rental. And of course all the changes come with a rebranding: the building will now be called the Bellevue Lofts LA. The 1928 building's last owners started work on an adaptive reuse back in 2009 and planned to create 55 high-priced lofts (up to $1 million!); they said in late 2011 that 14 buyers had already put down deposits. Then the project fell into bankruptcy earlier this year. Now Lion is finishing up work, putting up a 65-space garage, and planning to hustle--they want to open the building in October. No word on rents yet.
· Work resumes on failed Angeleno Heights condo project [Eastsider LA]
· Pricey Angelino Heights Lofts Hit Pre-Completion Bankruptcy [Curbed LA]

Brownstone Lofts

1168 W. Bellevue Ave., Los Angeles, CA