FairEconomist_IHB
New member
My partner and I dropped by Stadium Lofts to take a look after our next door neighbor raved about them. Like many developments, they were good designs for somebody who wanted a certain kind of lifestyle but they were ridiculously overpriced.
The complex feels like an ultra-deluxe apartment complex. The units are small for families, with the largest being a 2/2 at 1082 sq. ft. This is partially made up for by a lot of public space - multiple courtyards, party areas, a conference room, a nice pool, a gym, and a game room. If you're the sociable sort, the public space is about equivalent to a patio and living room although with more variety. For a single or small family it would be quite nice. The location on Katella and State College has a lot of street noise but they cleverly cover that up with fountains in all the courtyards and so you don't hear it at all. The "loft" name is not really accurate - there are very few loft units, and they carry a huge premium. Apart from the lofts, all the units are single floor.
The complex is currently mixed-use but the Subway, Kelly's coffee, and Jamba Juice were DEAD. Dead, dead dead. It would be really difficult for the 400 units to support that retail IMO so although I would really like having such business in a complex I lived in I doubt they will live to be enjoyed. There's another complex going up next door and perhaps that will provide enough of a customer base to keep the retail going.
Parking is well-thought out with the resident parking separated from visitor/retail parking by a gate and reserved spots for the residents. You park on the same level as your condo so no stairs (Yeah!) The area is walking distance to Anaheim Stadium and a train station so residents aren't constantly dependent on cars. You'd have to drive for groceries though. There is supposed to be a highrise/park complex across the street which would make for a very functional neighborhood but the current housing market has put the kibosh on that and who knows when or even if it will be built.
The prices, however, are ludicrous, even after the 20% price cut. The units are $350-$450/sq. ft., plus a $230-255 association fee and a 0.5% special tax assessment (total 1.6%). Owner-occupied rental equivalence for the 2 bedrooms is about $3,000/month! Sorry, this ain't Manhattan.
Marketing is mixed. The models were nicely decorated, some even in the latest blue-and-brown fashion. The salesguy was nice and not too pushy but didn't know a lot of things he should have, like price ranges, square footages, and which units were available. He also spent a depressing amount of time talking about how some options like an extra storage unit would help you make more money when you sold the place and how those highrises across the street will increase the property values once they get built. Are there really so many clueless knifecatchers or has the marketing not yet caught up?
So, another nice place to live - once they cut the price in half.
The complex feels like an ultra-deluxe apartment complex. The units are small for families, with the largest being a 2/2 at 1082 sq. ft. This is partially made up for by a lot of public space - multiple courtyards, party areas, a conference room, a nice pool, a gym, and a game room. If you're the sociable sort, the public space is about equivalent to a patio and living room although with more variety. For a single or small family it would be quite nice. The location on Katella and State College has a lot of street noise but they cleverly cover that up with fountains in all the courtyards and so you don't hear it at all. The "loft" name is not really accurate - there are very few loft units, and they carry a huge premium. Apart from the lofts, all the units are single floor.
The complex is currently mixed-use but the Subway, Kelly's coffee, and Jamba Juice were DEAD. Dead, dead dead. It would be really difficult for the 400 units to support that retail IMO so although I would really like having such business in a complex I lived in I doubt they will live to be enjoyed. There's another complex going up next door and perhaps that will provide enough of a customer base to keep the retail going.
Parking is well-thought out with the resident parking separated from visitor/retail parking by a gate and reserved spots for the residents. You park on the same level as your condo so no stairs (Yeah!) The area is walking distance to Anaheim Stadium and a train station so residents aren't constantly dependent on cars. You'd have to drive for groceries though. There is supposed to be a highrise/park complex across the street which would make for a very functional neighborhood but the current housing market has put the kibosh on that and who knows when or even if it will be built.
The prices, however, are ludicrous, even after the 20% price cut. The units are $350-$450/sq. ft., plus a $230-255 association fee and a 0.5% special tax assessment (total 1.6%). Owner-occupied rental equivalence for the 2 bedrooms is about $3,000/month! Sorry, this ain't Manhattan.
Marketing is mixed. The models were nicely decorated, some even in the latest blue-and-brown fashion. The salesguy was nice and not too pushy but didn't know a lot of things he should have, like price ranges, square footages, and which units were available. He also spent a depressing amount of time talking about how some options like an extra storage unit would help you make more money when you sold the place and how those highrises across the street will increase the property values once they get built. Are there really so many clueless knifecatchers or has the marketing not yet caught up?
So, another nice place to live - once they cut the price in half.
