MJW Investments

Strong Opening for Historic Santee Village Project

The initial response to the opening of MJW Investments’ historic lofts at Santee Village has been strong, with buyers locking up reservations for 20 units within the first week the property was being marketed. Located between seventh and Eighth Avenues in downtown LA’s Fashion District, the development drew over 1,500 visitors during the first few days. The project offers 200 units in three converted historic garment industry buildings, from the 1920s, which provide reduced property taxes for the buyers.

“Visitors told us Santee Village was true urban living and that the oversized windows, dramatic LA vistas, and stylish interiors in a courtyard setting showed we knew how to do it right,” said Mark Weinstein, President of MJW Investments. “Buyers are coming from Burbank, the Valley and Orange County because they are looking for a place with an urban vibe close to the major job centers in LA. Their occupations run the gamut from engineer to hair stylist,” he added.

The project offers a range of floor plans from 700 sf studios to two-bedroom/two-bath lofts up to a 2k sf penthouse. “Each is artfully renovated to satisfy the modern needs or our residents while preserving vintage details. We provide the rare opportunity for buyers to create their own space in an area surrounded by art galleries, restaurants and nightclubs that are remaking downtown Los Angeles,” explained Weinstein. Prices range from the low $300,000s to over $1 mil with amenities that include a rooftop swimming pool and spas, a basketball court, putting green, and barbecue areas.

West Hollywood’s Destini Café also signed a 1.1k sf retail space on the Santee Village courtyard with plans to open the coffee shop/cafe’s first downtown LA location.

Santee Village is a joint venture between MJW Investments and Phoenix Realty Group to provide housing affordable to middle-income households that want to five in the urban core close to jobs, mass transit and cultural sites.