They Come From Paris, London, Buenos Aires – International Investors Buy Up LA Beach Real Estate in Venice

Venice, Calif., Jan. 14, 2010 – Compared to most international cities, Los Angeles is inexpensive. In Paris, a condo in a desirable arrondissement will cost on average about $3,000 per square foot, and a flat on a smart London street will cost upwards of $5,000. Certain neighborhoods in Asian and South American cities command equally whopping real estate prices. Add the current currency exchange rate, and US property is attracting international investors en masse. They come to LA for business and for pleasure, and they want beach property. More specifically, they want Venice Beach property. This small, eclectic neighborhood next to Santa Monica has quickly become a world renowned hot spot, known for its bohemian chic and celebrity sightings.

At Dogtown Station, new modern lofts located at the heart of Venice, between Abbot Kinney and Main street, spaces go for $850,000 to $1,200 000 or an average $575 – $600 per foot. On any one open house weekend, Dogtown Station sees potential buyers and brokers representing clients from all over the world. Dogtown Station lofts have sold to an Argentinean director, a British publisher and an Asian investor, with additional international offers arriving daily. Zoned as Live/Work spaces, the lofts attract independent entertainment businesses looking for an LA office and a place for their executives to stay, whether for a month or a year. Actor Bradley Cooper uses his Dogtown Station Lofted Townhome as the headquarters for his production company, Indiana and 22nd.

Each unit is architecturally unique. The lofts have creative, dynamic open floor plans, polished concrete and hardwood plank flooring, atrium style high ceilings, gas fireplaces, glass walls which flood the interiors with natural light, and private rooftop decks with panoramic views of the LA skyline and the Pacific Ocean. The Dogtown staff works with each client to customize their loft with design consulting, and interior design services. Dogtown Station has an unparalleled reputation for creating the best lofts in LA.
http://www.dogtownstation.com/