How Much Are Wilshire Corridor Homeowners Dues?

Originally posted on February 12, 2014

The Wilshire Corridor also known as the Golden Mile, is a stretch of Wilshire Blvd. from roughly Westwood Blvd on the West to Comstock Ave. on the East. It is located in Westwood  and houses some of the most exclusive and expensive condo buildings in Los Angeles.

When buying a condo on the Wilshire Corridor, or in fact in any condo  building, you need to take into consideration the homeowners dues as they are going to be part of your monthly payment.  If you are getting a loan, your lender certainly will. So let’s take a look at price ranges and see what the homeowners dues are for each building:

Wilshire Corridor Condos, Wilshire Corridor Real Estate, Wilshire Corridor Sales Report

Presently condo prices on the Wilshire Corridor range from the low $300s for a unit in The Longford to a $6,170,000 unit at the Beverly West, the newest development on the strip.

The highest sale recorded on the MLS was $11,000,000 at Wilshire House in October, 2013.

The median price for sold properties in 2013 was $800,000.

How much are Wilshire Corridor Condo homeowners dues?

Below are the current homeowners dues for each building excluding penthouses.

Before buying a Wilshire Corridor condo make sure there are no special assessments in effect or upcoming, a fact that should be disclosed during the escrow process.

What do Wilshire Corridor homeowners dues include?

Wilshire Corridor homeowners dues generally include a multitude of services including:  24/7 valet and concierge, pool, spa, fitness center, and meeting rooms.  Some buildings have private wine cellars, rooftop decks and a few, tennis facilities.  A good question to ask is what the homeowner dues cover.  Water is part of the dues, but check to see what else.  Maybe earthquake insurance, cable or satellite hook-ups?

Map of the Wilshire Corridor

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