Wilshire Corridor (Los Angeles, CA)
By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
How did Wilshire Corridor condo sales fare in 2021? Let's take a look. As you know, each building on the Corridor is unique, but overall there were 58 units sold over 2021, almost half of which went under contract within 30 days of listing. The average sales prices was $1,512,520, with an average price per sq. ft. of $769.Compared with 2020 the number of units sold dropped by almost a half  but the average sales price rose by 12%. Also, the time on the market decreased due to low inventory levels. Below are statistics for each building.The Wilshire Corridor continues to be one of the more desirable addresses in Los Angeles. Who can resist the amenities and those views! 1200 Club View Drive - Beverly West 865-875 Comstock Ave. - The Comstock 10350 Wilshire Blvd. - The Diplomat 10375 Wils...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
The Wilshire Corridor is an approximately one-mile stretch of luxury high-rises in the Westwood area of Los Angeles. The Carlyle at 10776 Wilshire Blvd. was built in 2010 and has 78 units on 24 floors.  Each unit is accessed directly from the private elevator. There is a combination of 2 bedroom  2.5 bath units averaging 2,837 sq. ft and 3-bedroom 4.5 bath units averaging 3,535 sq. ft, with 11 foot ceilings. They feature large center islands with Viking refrigeration drawers, Miele appliances, Kohler double sinks with either classic or contemporary kitchen design with Poggenpohl cabinetry. The bathrooms feature polished Breccia Oniciata marble vanity, tub deck, shower walls and floors, 5 1/2 foot Kallista jetted tub, Kohler San Tropez bidet and fixtures.Amenities include 24 hour white-g...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Commercial Landlords Disposal of Tenant's Personal Property... The current Law in California provides an alternative procedure for disposal of a commercial tenant's personal property, left behind after a tenant vacates the premises. The existing law requires a landlord to give written notice to the tenant if personal property remains after the end of a tenancy and it directs the landlord to sell the  property at a public sale. However, if the landlord reasonably believes that the total resale value of the personal property is less than $750 or $1 per square foot of the premises occupied by the tenant, then the landlord is authorized to retain the property for his or her use or dispose of it in any manner fit.Now let us look at the New Law:   This new law increases the threshold calculat...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Commercial Landlords & Commercial Tenants in California need to read and comply!Assembly Bill 2847 quietly went into effect on January 1st 2019, many Commercial Landlords  & Tenants were not even aware.The existing law provides, that real property will be deemed 'abandoned by a lessee' and the lease shall terminate if the lessor gives 'notice of belief of abandonment'. 'The notice of belief of abandonment' can be given only where a rent not the property has been due and unpaid for at least 14 consecutive days and the lessor reasonably believes that the lessee has abandoned the property. Existing law authorized a 'notice of belief of abandonment' to be served personally or mailed.The new law creates a different set of rules for Commercial Real Property by authorizing the Notice of Belief...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
How is the Wilshire Corridor condo market doing? Let's compare 2018 to 2017.Numbers in red are the comparison with 2017.1200 Club View Drive – Beverly West(Not all sales are reported through the MLS)Number sold: 2Average price: $9,375,000Average price per sq. ft: $2,363.50Average price change: +93%865-875 Comstock Ave. – The ComstockNumber Sold: 11Average price: $938,864Average price per sq. ft: $687.28Average price change: -12.7%10350 Wilshire Blvd. – The DiplomatNumber sold: 2Average price: $1,149,750Average price per sq. ft: $594Average price change: -27.7%10375 Wilshire Blvd. – Wilshire TerraceNumber sold: 2Average price: $1,035,000Average price per sq. ft: $461Average price change: -5.2%10380 Wilshire Blvd. – La TourNumber sold: 1Price: $2,200,000Price per sq. ft: $700Average price...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
The bulk of the luxury condo market in Los Angeles resides in Westwood, on the Wilshire Corridor and in Century City. The Wilshire Corridor comprises approximately 26 full-service buildings the majority of which are high rises with all the amenities associated with luxury living: 24/7 concierge and valet, fitness centers, conference facitlities, pool, spa, and a few even have tennis courts. The service is second to none and the views can be spectacular. Square footage ranges anywhere from 600 at the Wilshire Regent where the lowest sale was $449,000, to 6,700 penthouse at the Wilshire House, where the highest sale was $10,600,000.The number of sales in 2018 was 160, basically the same as for 2017. The median price for sales was $1.267, up 15% over 2017.There are currently 59 units liste...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
Let's take a look at how the Wilshire Corridor condo market did in 2017.158 units were sold at a median price of $1.105 million. The highest sale was a 3-bedroom unit at The Californian for $7.714 million and the lowest for a studio at the Wilshire Regent for $470K.The average days on the market was 70 and if sold within 30 days the average sales to list price was almost 100%. The average dropped to 95% if on the market over 120 days.There are currently 51 units for sale at a median price of $2.295 million. The highest is a penthouse unit at The Remington for $17 million and the lowest is a 1 bedroom  unit at the Wilshire Regent for $589K.15 units are under contract.With 77 sold over the past six months and with 51 units currently on the market there is currently just under 4 months of ...
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