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There are presently 96 listed condos for sale on the Wilshire Corridor. Three units have been on the market for over two years: two at La Tour, and one at the Marie Antoinette. Four units have been on the market for over one year: one at The Californian, one at La Tour, one at The Remington, and one at 10560 Wilshire. 12 units have been on the market for over 6 months. 7 units are listed as Short Pay (I am relying on the MLS here): two at the Marie Antoinette, one at … [Read more...]
The Wilshire Corridor Condo Market report for 2011 is based on units of 2 bedrooms and up, not including penthouses. This will provide a more realistic picture. For sales by numbers of bedrooms check out each individual Wilshire Corridor building page. What is Market Absorption? Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market. 6 months worth of inventory is a balanced market. … [Read more...]
I often get calls from people wanting to rent on the Wilshire Corridor. Unfortunately, they don't realize how much it, in fact costs to rent there. There are apartments available but when you think of the Wilshire Corridor you are basically thinking of the condo buildings where the units are privately owned. Remember that the owners of these condos are paying high home owners dues which needs to be factored into the rent. These dues, which they are paying for their renter, cover all … [Read more...]
It has been a while since we looked at what is for sale on the Wilshire Corridor. Let's see how sales are going so far this year. Condo Building Sold Median Price Active Median Price Absorption Beverly West * 0 7 $5,304,450 N/A Blair House 2 $1,254,500 2 $2,025,000 10 Crown Towers 3 $405,000 3 $675,000 10 La … [Read more...]
Beverly West on the Wilshire Corridor, is finally ready for occupancy. And what a spectatular property it is. No expense would seem to have been spared in the finished. African wood wall panels and some unique art decorate the lobby of the building with its welcoming fireplace. With approximately 35 residences, this is a boutique building that offers the finest in luxury. Beverly West is a full service building with 24 hour full concierge service, valet parking, gym, pool, … [Read more...]
You are new to Los Angeles, thinking of buying a home in Los Angeles, but have no idea where to start. We could use West Los Angeles as an area, but this is such a loose term and there arguments as to what really constitutes West Los Angeles. In my mind West Los Angeles is an area that stretches from Westwood south to Rancho Park and Palms, west to Beverly Hills, and east to Brentwood and Santa Monica, and for the purposes of this post it will be included together with Century City, … [Read more...]
I get a lot of inquiries from people looking to rent on the Wilshire Corridor. Many are not aware of the price range of available units and are surprised at the rents that being asked. If you are going to rent on the Wilshire Corridor you will be doing so from an owner. These are condos not apartments, and you are not going to be able to get information by calling the front desk at these buildings. Each unit is individually owned and chances are that the owner is going through a Los … [Read more...]
If you are looking for a 3-bedroom condo on The Wilshire Corridor there is one available at an incredible price. I have a pocket listing - a 3-bedroom condo at one of the most prestigious buildings on The Wilshire Corridor. This is a 2,757 sq. ft. south-facing unit on the 8th floor. In addition to the 3 bedrooms and 2.5 bathrooms, there is a full dining room and three patios. The views are spectacular and the price is $1,600,000, which is the lowest you will find on The Wilshire … [Read more...]
If you are thinking of buying on the Wilshire Corridor, depending on your price level, you have a lot of choice. Right now Wilshire Corridor condo prices run from $299,000 for a 2 bed, 2 bath 1,088 sq. ft. unit at The Wilshire Marquis, to $13,795,000 for 3 bed, 3.5 bath 5,519 sq. ft. unit at The Carlyle. Here is a breakdown of Wilshire Corridor condos for sale by price: Under $500,000 - Homeowners Dues Under $1,000 The Wilshire Marquis, 10535 Wilshire Blvd. - 3 units The Wilshire … [Read more...]
Your kids have flown the nest and you have no need for the large Los Angeles home in which you spent so many happy years bringing up your family. It is a hard decision, but you have the chance to make a lifestyle change. Downsizing your Los Angeles home and moving into a full service condo building offer freedom: When you go away you can lock up and leave. You don't have to worry about the lawn being watered, the mail piling up, a pipe bursting..... Just drive up to the front door … [Read more...]
The Regency Wilshire, 10551 Wilshire Blvd. in Westwood is a full service building on The Wilshire Corridor. Built in 1982 The Regency Wilshire offers many amenities, including: concierge, valet, pool, spa, banquet facilities, fitness center and more. The Regency Wilshire 2011 Market Report (Based on 2+ bedrooms not including penthouses) Number Sold: 1 Median Price: $950,000 Avg. Price per Sq. Ft: $396.99 Avg. No. Days on the Market: 99 Homeowners Dues: $1,400 Condos for … [Read more...]
If you are looking for a three bedroom lease on the Wilshire Corridor there is a new one available a the fabulous Wilshire Three bedroom leases are rare on The Wilshire Corridor, and even rarer at The Wilshire, the Grand Dame of the Corridor. At at this price, $8,750, you are not going to find anything close to the value. This is a wonderfully bright, south facing unit with sweeping views from Downtown to the ocean. There is an additional room that can function as a 4th bedroom or a full … [Read more...]
Three bedroom leases on the Wilshire Corridor are hard to find. Finding one at The Wilshire, 10580 Wilshire Blvd., one of the premiere buildings on The Corridor is even harder. Coming soon is a 3 bedroom plus den/dining room, 2.5 bath, 2,757 sq. ft. condo on the 8th floor with spectacular south-facing views. Entry is directly to your own hallway from the elevator. The unit is an empty canvas ready for your touch. Amenities at The Wilshire include 24/7 concierge and valet, exercise … [Read more...]
If you are thinking of renovating a Wilshire Corridor condo, make sure you are ready. Check the Homeowners Association rules and regulations before identifying your contractors. In the course of preparing a condo in The Wilshire ready for renting, I learned the value of having a Homeowners Association to protect the residents interests. These are some of the requirements which contractors must meet: Contractor must carry $1 million in liability insurance. Contractor must have … [Read more...]
As always, for those of you thinking of buying a Wilshire Corridor condo I endeavor to keep you informed on a monthly basis about condos sold and available units. The statistics below are for Wilshire Corridor condo sales for the month of March. Wilshire Corridor Sales Report March 2011 Condo Building Sold Avg. Sold Price Avg. Price Per SF Avg. DOM Active Avg. Price Avg. Price Per SF Absorption Rate Beverly West* 0 1 $7,767,100 $1,867.99 3 The … [Read more...]
You are downsizing from a large Los Angeles home and are not quite ready to buy. You want to get the feel of living in a condominium before you jump in to buy one. After all, it is a completely different lifestyle. Downsizing your Los Angeles home doesn't mean you have to cramp your lifestyle. Depending on your price range there are quite a few 2 and 3 bedroom condominiums and houses to choose from with a minimum of 2,500 sq. ft. of living space. If you truly want to spoil yourself, … [Read more...]
If you are looking for a lease on the Wilshire Corridor find out what is available in different price brackets. Information from MLS/CLAW deemed reliable, but not guaranteed. There are 15 Wilshire Corridor condos under $3,000 per month available. With 30 having been leased over the past year, that leaves about 6 months of inventory. Somewhat of a balanced market. From $3,000 to $5,000 there are 16 units available. 38 were leased over the past year. Again this is 6 months of inventory … [Read more...]
Looking for a condo on the Wilshire Corridor? Don't miss one of the best deals on the Wilshire Corridor. La Tour at 10380 Wilshire Blvd. presently has 7 units for sale ranging from $1.5 million to $2.8 million. They are all pretty much the same square footage, and a couple have been upgraded, but nothing accounts for the vast differences in price. There is a unit on the 4th floor 3 beds, 3.5 baths, 3,190 sq. ft., listed at $1.499 million. For the Wilshire Corridor that is an excellent … [Read more...]
If you are thinking of buying a condo on the Wilshire Corridor then you might want to check out what is available right now, the differences in the buildings, and the average price in each of the Wilshire Corridor buildings over the past year. The chart below shows the number of listings in each building, the low, high, and average price of those units, and the number of days they have been sitting on the market. The last column shows the number of Wilshire Corridor condos sold over the past … [Read more...]
If you are looking to buy a condo on the Wilshire Corridor in the Westwood area of Los Angeles, then you must take a look at a wonderful unit at the Wilshire Regent, 10501 Wilshire Blvd. The Wilshire Regent is a 23 story, 208 unit building which has been newly renovated. It has one of the nicer pool areas on the Wilshire Corridor and the gym is also larger than many of the more expensive buildings. And the full service Wilshire Regent is unique in that it offers, 6 guest rooms for your … [Read more...]
