Located in the Historic Core of Downtown Los Angeles, the Old Bank District provides an ever-expanding assortment of dining, pubs, art venues, shops and entertainment for Downtown residents. The Historic District has evolved during Downtown’s renaissance with revitalization of old buildings and new construction in the neighborhood. In 2004, the City of Los Angeles officially recognized the community-building efforts of the Old Bank District and certified it a city district with the following demarcations: Spring and Main Streets, connected by 3rd and 6th Streets. Originally named after a residential conversion project, the Old Bank District is considered by some developers and realtors to encompass a larger area by one or two blocks in each direction. Surrounding neighborhoods include the Financial District,
The neighborhood started as the financial district in the early 1900s with some of the tallest buildings at that time hovering around 12 stories. As 30-story skyscrapers started being built in the 1960s to 1990s, the new financial district replaced the Old Bank district as the central hub of finance on the West Coast. Some of these skyscrapers have been converted into residential lofts such as the Douglas Building, Pan American Lofts, and the Higgins Building.
The district resembles the metropolitan life of New York City, with the new vibe of Downtown’s renewal. The Old Bank District’s original character has been re-captured and has blossomed into a modern neighborhood where creative productivity, home life, entertainment and relaxation all combine with imagination and class. Urbanites of all persuasions and lifestyles are drawn to the area for its powerful combination of creativity and entertainment, along with the flavor of genuine Los Angeles flair, where many have set up their businesses and lives.
Lofts in the district are among the most authentic, raw and economical. With large open spaces, walls of windows and high ceilings, Old Bank lofts are not always available, not always advertised, and often available only to those “in the know.” Buyers can save thousands of dollars by getting privileged access to hidden loft bargains in the Old Bank District. Many of the rentals in the Old Bank District are not listed on the internet, and not on the real estate agent’s MLS. These listings can best be found along with other unadvertised bargains on the L.A. Loft Blog 3-Hour Tour at LAloftTour.com.
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Copyright © This free information provided courtesy SoCal Home Blog with information provided by Corey Chambers, Realty Source Inc, BRE#01889449. We are not necessarily associated with the seller or developer. For more information, contact (213) 880-9910. Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.