Wilshire Corridor Rentals | Answers to Common Questions

Wilshire Corridor rentals Q & A

I field many requests from people looking for Wilshire Corridor rentals, so I would like to answer some common questions I receive. The Wilshire Corridor consists for the most part of high-rise condominium buildings, each unit being owned by a private party.  There are a few apartment complexes, but when people think Wilshire Corridor they think of the luxury full-amenity condo buildings. Below are answers to some of the questions I often get from people wishing to rent on the … [Read more...]

The Carlyle on Wilshire | Fendi Casa Model for Sale

Wilshire Corridor Condos, The Carlyle, Wilshire Westwood Condos

The Carlyle on Wilshire is finally releasing its Fendi Casa model unit for sale.  The Carlyle at 10776 Wilshire Blvd., is one of the newest condominium buildings on the famed Wilshire Corridor.  There are 78 units on 23 floors with every amenity imaginable:  24/7 concierge and valet, swimming pool, spa, fitness center, conference room, private dining room with outdoor entertainment areas.  The concierge offers a full concierge service. The common areas are decorated by Fendi Casa and the … [Read more...]

Wilshire Corridor Condos | Half Yearly Market Report 2012

Wilshire Corridor Condos 2012 Market Report

Time to check in on the Wilshire Corridor condo market and see how it did over the first half of 2012. Building Sold Over 2011 2nd Over 1st Qtr Median Price Over 2011 Avg. Price per Sq. Ft. Active Pending Market Beverly West* 1  N/A  N/A $5,000,000  N/A $1,202.50 ? 0 Blair House 2 +1  +2 $2,277,500 N/A $879.17 5 0 Crown Towers 3  +1 +1 $375,000 -19.35%  $354.38 5 0 La Tour 0  -3  = N/A  N/A N/A 5 0 Marie … [Read more...]

Luxury Condos for Sale Under $1 Million on the Wilshire Corridor

Wilshire Corridor Condos for Sale under $1 Million

Let's see what the Wilshire Corridor has to offer right now for sale under $1 million. Wilshire Comstock - 3 units The Westholme - 4 units Park Wilshire - 5 units Blair House - 1 unit Wilshire Terrace - 4 units Wilshire Manning - 1 unit Wilshire Regent - 7 units Crown Towers - 3 units Ten Five Sixty - 2 units The Dorchester - 1 unit The Mirabella - 1 unit Wilshire Holmby - 1 unit Wilshire Thayer - 1 unit These are condos for sale on the Wilshire Corridor right now.  But the links … [Read more...]

Wilshire Corridor Condos Under $1 Million

Buying a Condo on The Wilshire Corridor, 3-Bedroom Condo Available on The Wilshire Corridor

You want to live in a high-rise luxury building and are looking for Wilshire Corridor Condos under $1 million.   Yes they do exist.  You can still get luxury living with full amenities, 24/7 concierge and valet services, gym, pool, spa, and more without having to pay millions. Let's see what we can find , 2 bedrooms and up in full amenity buildings on the Wilshire Corridor for under $1 million. Wilshire Comstock - 865-875 Comstock 5 units for sale Low:  $570,000  High: … [Read more...]

Wilshire Corridor Condo Market Report 2012, Through May

Wilshire Corridor Condos for Sale under $1 Million

Let's take a look at the Wilshire Corridor Condo activity for May 2012. Building Sold YTD Sold in May Avg. Price Per S.F.+ Median Price Active Pending Market Beverly West* 1  0 $1,202.50 $5,000,000 Blair House 2 +1 $879.17 $3,777,500 5 0 Crown Towers 1  0 $341.22 $375,000  4 2 La Tour 0 0 N/A 5  0 Marie Antoinette 2 0 $301.58  $440,000 0 1 Park Wilshire 4 1 $360.57 $616,000 8 0 Ten Five … [Read more...]

Wilshire Corridor Condo Market Report First Third of 2012

Buying a Condo on The Wilshire Corridor, 3-Bedroom Condo Available on The Wilshire Corridor

Let's see how the Wilshire Corridor Condo Market for the 1st Third of 2012 compares with the same period last year. Building Sold Over 2011 Low Price High Price Median Price % of 2011 Active Pending Market Beverly West* 1 $5,000,000 Blair House  1 = $3,700,000 N/A 4 1 Crown Towers 1  -1 $375,000 N/A  4 1 La Tour 0  -1 N/A  N/A 5  0 Marie … [Read more...]

Wilshire Corridor Condo Market Report February 2012

Wilshire Corridor 3rd Qtr 2012 market report

Wilshire Corridor condo market report for February 2012. There are presently 93 listed condos for sale on the Wilshire Corridor. 5 units have been on the market for over two years or close to two years:  two at La Tour, one at the Marie Antoinette, one at The Remington and one at The Californian. Five units have been on the market for over one year:  one at The Californian,  one at La Tour, one at The Westholme, and one at 10560 Wilshire, and two at The Carlyle. 12 units have been on … [Read more...]

10560 Wilshire Blvd #405 a Wilshire Corridor Condo to Watch

Great deal on the Wilshire Corridor | 10560 Wilshire #405

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 … [Read more...]

Wilshire Corridor Condos | A Market Overview

Buying a Condo on The Wilshire Corridor, 3-Bedroom Condo Available on The Wilshire Corridor

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 10560 … [Read more...]

Wilshire Corridor Condo Market Report 2011

Wilshire Corridor Condos, For Sale on the Wilshire Corridor

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.  Under 6 … [Read more...]

Renting on the Wilshire Corridor – Let’s See What’s Available

Wilshire Corridor Market Report October 2012

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 the … [Read more...]

Checking in on How Sales are Going on the Wilshire Corridor

Wilshire Corridor Condos, For Sale on the Wilshire Corridor

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 the Newest Luxury Condominium Building on the Wilshire Corridor

Beverly West, Wilshire Corridor Condos

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, spa, … [Read more...]

Buying a Home in Los Angeles by Neighborhood – Westwood and Century City

Westwood Real Estate Market

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,  a … [Read more...]

Renting on the Wilshire Corridor

Wilshire Corridor Condos for Rent, Renting a Condo on the Wilshire Corridor

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...]

Looking for a 3 Bedroom Condo on The Wilshire Corridor for an Exceptional Price?

Buying a Condo on The Wilshire Corridor, 3-Bedroom Condo Available on The Wilshire Corridor

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 Corridor … [Read more...]

What’s for Sale on the Wilshire Corridor, By Price?

Wilshire Corridor Condos 2012 Market Report

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...]

Downsizing Your Los Angeles Home – Consider the Lifestyle of Living on the Wilshire Corridor

Wilshire Corridor condo sales for first half of 2012

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 and … [Read more...]

The Regency Wilshire 10551 Wilshire Blvd

Wilshire Corridor Condos, The Wilshire Regency

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 2013 Market Report Number Sold:  1 = same as 2012 except in 2012 the sale was a penthouse Sold Price:  $1,000,000 Avg. Price per Sq. Ft:  $476.87 Homeowners Dues:  $1,425 Other Wilshire Corridor condo market … [Read more...]