putting down a larger down payment of 20 percent or more in
most cases.
One special note about the historic core of Downtown LA is
the “Mills Act” which is a special property tax discount that has
been applied to those buildings in the area that have received
the designation of a historic landmark. Think Eastern Columbia
on 9th and Broadway or the El Dorado and Rowan on Spring
Street. Homeowners there have been saving up to 85% in
Property taxes!
When making choices in buying your first home talk to your
friends, family and your local realtor who can help to point out
the pros and cons the advantages and drawbacks and really
shed light on this daunting question!
For more information or a private tour of available condos and
homes, feel free to call or email me directly. Happy Home Hunting!
10
Tiffany Gatto
[email protected]
www.dwellhomes.com