Beacon Lofts Sales To Begin Next Month


The Arts District in downtown Los Angeles is getting another condominium complex soon. The Beacon Lofts will begin sales on Nov. 10, with the first move-ins expected by January, said Peklar Pilavjian of developer Alameda and Fourth, LLC.

The $20 million project at 825 E. Fourth St. will offer 53 condominiums from the low $200,000s to about $1 million, Pilavjian said. The long-in the-works project transformed a six-story, 1923 Arts District edifice into residences ranging from 650-2,000 square feet. A second phase of the project is in the planning stage.

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