The Wilshire Corridor condo market is slow at best, especially in the higher end range.
10560 Wilshire Blvd. is no exception. There are 7 units on the market with a 15.15 months absorption rate. This means that, based on the past six months of sales in the building, it will take 15 months to sell the existing inventory.
Unit #405 is a great deal right now. Originally priced at $1,429,000 it did not sell and was put back on the market in September 2011 at $1,129,000. It was recently lowered to $1,045,000.
This is a beautifully upgraded 2 bedroom, 2.5 bath, 2,152 square foot northwest facing unit. Even though it is on the fourth floor, it has an open feeling with good views.
At this price this condo is going to go quickly. So don’t wait.
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