940 E. 2nd Street Nears a Sell-Out in Downtown Los Angeles

Only two units available within 38-unit beet sugar warehouse turned loft project

LOS ANGELES--()--The clock is ticking for prospective buyers at 940 E. 2nd Street, with 36 out of a total 38 condominium already sold or under contract at the boutique live-work building in Downtown Los Angeles’ Arts District, and the final two expected to be sold soon.

“Not many projects can match 940 E. 2nd Street in its architectural integrity, quality finishes and its outstanding location in the heart of the burgeoning Arts District”

The remaining two townhomes are 2,146 and 2,270 square foot penthouses that afford maximum privacy with no units above or below and living space spread across several levels. The open floor plans feature oak hardwood floors, custom designed baths, generous walk-in closets, oak kitchen cabinetry, quartz countertops, oversized ceramic farm-style sinks and energy efficient stainless steel appliances.

Originally built in 1906, the former warehouse for the Spreckles Sugar Company was transformed over the past several years into a collection of 38 multilevel units. The century old façade was preserved and restored, and the interior was completely reimagined with exposed steel beams, vaulted ceilings, and floor-to-ceiling windows and skylights that saturate the units with natural light. The units feature open floor plans, patios and the ability to park your car inside and directly at your front door.

With a limited inventory of new loft-style homes and the project’s unique amenities, residential brokerage firm deasy/penner&partners has seen robust sales activity at 940 E. 2nd Street over the past year. The development has also garnered significant attention, winning a 2011 AIA Honor Award, the Los Angeles Downtown News “Los Angeles Project of the Year,” and the Los Angeles Business Journal’s “2012 Redevelopment Project of the Year.”

“Not many projects can match 940 E. 2nd Street in its architectural integrity, quality finishes and its outstanding location in the heart of the burgeoning Arts District,” say Mike Deasy, Chairman and CEO of deasy/penner&partners. “We are generating interest from an eclectic group of buyers, including current downtown residents, Westside buyers, and even a few celebrities who are all drawn to the unique qualities of the project.”

Jeff Walker, an Associate at renowned architecture firm Gensler, and the first homeowner to move into 940 E. 2nd Street said, “From the moment I walked in to the building, I could see it is an extremely well-thought through redevelopment. From the layout of the units, to the building’s security measures, to the interior set-up, the architect and developers did a great job creating exceptional homes close to everything Downtown.”

Located in the Downtown Arts District, and within walking distance to many of the city’s nightlife and cultural amenities, 940 E. 2nd is seen by many as being at the epicenter of the growing, vibrant downtown Los Angeles community. The highly acclaimed Bestia restaurant recently opened down the street, and Beau Laughlin - owner of The Hudson and The Churchill - is preparing to open a new restaurant next door. In addition, the nearby One Santa Fe development is expected to bring a new grocery store, retailers, theaters and an art gallery to the neighborhood within a few years.

For more information on 940 E. 2nd Street, please contact the deasy/penner sales staff: 213.748.7040.

Contacts

for 940 E. 2nd Street
Emily Heidt, 310-974-6682

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