Wilshire Corridor Homes Report – What Happened in 2010

Wilshire Corridor Condo Market Update, Wilshire Corridor Condo 2010 SalesThe Wilshire Corridor, the heart of Westwood Los Angeles real estate, is also known as The Golden Mile.  The Wilshire Corridor is approximately 2-mile stretch of luxury condominium buildings which runs from just east of Westwood Village to the west side of the Los Angeles Country Club.

If you are looking for the ultimate in luxury then consider a condominium on The Wilshire Corridor and prepare to be pampered beyond your wildest dreams.  Many of the Wilshire Corridor buildings have full amenities, including 24-hour valet and concierge service, swimming pool, spa, fitness center, conference rooms, entertainment lounge, and a few even have a tennis facilities.  Maids units can also be purchased in some of the buildings.

A significant part of Westwood Los Angeles real estate, the Wilshire Corridor is bordered by the wealthy communities of Beverly Hills to the east, and Holmby Hills and Bel Air to the north.  Westwood itself is the home of U.C.L.A. and has a mixture of high and medium-priced single family homes, condominiums and rental units.

Prices on the Wilshire Corridor run from the low $300,000s for a one bedroom in a basic building to, $8.5 million in a Class A Building, usually for a penthouse.  There is presently a 6 bed 9 bath, 11,179 sq. ft. unit listed at The Remington for $19 million.  This is two penthouses combined.  Homeowners dues  can average from the mid to high $1000s and can go up to $3,500 per month or more.

Often these condominiums are leased, a wonderful way to find out if this kind of living is for you.

But you cannot beat the Wilshire Corridor condominium life.  Views are spectacular, the service exceptional, and the security unbeatable.

Wilshire Corridor 2010 Sales Report

Condo Building
Sales Low Median High Avg DOM % Sold vs List Price
Beverly West,* 1200 Club View 0
The Carlyle,** 10776 Wilshire 1 $7,267,500 $7,267,500 $7,267,500 0 63.20%
Blair House, 10490 Wilshire 3 $1,190,000 $1,375,000 $4,000,000 87 95.35
The Californian, 10800 Wilshire 3 $1,437,900 $1,750,000 $2,050,000 5 90.47
The Remington, 10727 Wilshire 6 $890,000 $1,855,750 $3,350,000 195 91.66
La Tour, 10380 Wilshire 1 $3,300,000 $3,300,000 $3,300,000 200 88
The Longford, 10790 Wilshire 1 $557,000 $557,000 $557,000 72 93.61
The Wilshire, 10580 Wilshire 2 $1,090,000 $1,495,000 $1,900,000 70 94.92
Wilshire House, 10601 Wilshire 2 $1,320,000 $1,397,500 $1,475,000 575 87.34
Park Wilshire, 10724 Wilshire 7 $472,000 $998,000 $1,400,000 200 87.27
The Grand, 10445 Wilshire 3 $765,000 $775,000 $945,000 53 94.74
The Mirabella, 10430 Wilshire 3 $1,085,000 $1,200,000 $1,415,000 97 90.58
The Venezia, 10795 Wilshire 0
Ten Five Sixty, 10560 Wilshire 2 $905,000 $932,500 $960,000 5 95.61
Wilshire Manning,10660 Wilshire 1 $1,285,000 $1,285,000 $1,285,000 107 91.85
The Churchill, 10450 Wilshire 5 $415,000 $450,000 $750,000 76 94.34
The Wilshire Comstock 9 $377,726 $590,000 $826,000 133 89.79
Wilshire Terrace, 10375 Wilshire 7 $410,000 $650,000 $1,000,000 310 85.70
Crown Towers, 10701 Wilshire 3 $525,000 $578,000 $650,000 50 94.40
Marie Antoinette, 10787 Wilshire 2 $350,000 $464,000 $525,000 68 90.78
The Diplomat, 10350 Wilshire 2 $825,000 $962,500 $1,100,000 106 104.34
The Dorchester, 10520 Wilshire 8 $605,000 $752,500 $3,950,000 68 89.25
The Westford, 10750 Wilshire 2 $580,000 $590,000 $600,000 174 96.88
The Westholme, 10590 Wilshire 4 $360,000 $405,000 $410,000 133 91.42
Wilshire Holmby, 10433 Wilshire 3 $390,000 $605,000 $730,000 62 95
Wilshire Regent, 10501 Wilshire 10 $363,000 $463,000 $675,000 41 96.42
Wilshire Selby E. 10747 Wilshire 6 $352,900 $410,548 $438,000 73 98.42
Wilshire Selby W. 10751 Wilshire 5 $309,000 $340,000 $395,000 82 94.04
Wilshire Thayer, 10550 Wilshire 3 $645,000 $745,000 $1,010,000 158 90.81
Wilshire Marquis, 10535 Wilshire 7 $437,000 $495,000 $534,000 107 92.50

All information from the CLAW MLS is deemed accurate but is not guaranteed.

* The Beverly West was due to open at the end of 2010.  So far this does not seem to have happened and there are no recorded pre-sales

** The Carlyle is selling in-house as well as through the MLS so there is no clear record of sold units available.

Map of the Wilshire Corridor


View Wilshire Corridor in a larger map

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you cant be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

For more information on how I can best serve your Los Angeles real estate needs, please fill out the online contact form or give me a call at 310-473-6919.

Jane Peters knows L.A. Real Estate. Let me do the Work for You!

Jane Peters

Jane Peters is a Los Angeles Realtor®, specializing in absentee owners, out-of-town-buyers and those needing that extra personal touch to make the buying and selling of Los Angeles real estate a smooth and, believe it or not, fun process.

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Comments

  1. I am loving your newly redesigned site Jane! WOW!

  2. Thank you very much, Renee. Pretty spiffy isn’t it.

  3. Jane – Love the Map!!! Great information about the Wilshire Corridor.

  4. Thank you kindly.

  5. Jane – Your site looks great, and this is terrific information for both buyers and sellers considering the Wilshire Corridor.

  6. Thank you Christine.

  7. Jane, I have to agree with everyone else about your site–it is gorgeous AND easily navigable too! Not to mention that you are the real estate agent of choice for Wilshire Corridor! You’ve got it going on lady!

  8. Well thank you kindly. That is praise indeed coming from you.

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