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Hot Prop of the Day - Hancock Lofts/WeHo - $895,000-$1,424,000

By
Real Estate Agent with Rich Kids Real Estate: The Brokerage

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For those of you who work, live, or hang out on Santa Monica Blvd in the center of West Hollywood, you have probably noticed the slow progressing construction of condos on the corner of Hancock and Santa Monica Blvd (adjacent to Coffee Bean and Rent-A-Boy for the night hot spot, "Numbers"). The exterior, project buzz, and location have been intriguing me since the initial conception  began. I am happy to say that the project is just about finished and I had the opportunity to preview some on the model units on caravan yesterday. What's cool about these units is that they do have the open feeling of a loft, but with separate sleep areas giving you the best of both worlds. Another aspect that I thought was unique is that the units have these balconies facing out to the street, but are covered by the exterior wood skins of the building offering you privacy but still bringing in light and street views. From what the building rep was telling me, polished concrete floors are standard features, but you can upgrade to hardwood (which also look stunning) for a fee. Some of the standard features within the units include: anodized aluminum windows, internal wiring for plasma/cable/dsl, slab countertops, Miele appliances, Jenn Air stainless fridge, glass tile bathrooms (these tiles are super chic with this iridescent patterns), huge master walk in, and pre wired ventless laundry hook ups. On top of all these uber lux tangibles,  the ability to stumble home on any given night from Here Bar and then wake up for hair of the dog mimosas at East West is almost worth the price of admission...almost.

There are 31 units within the building, with many still under construction. I've heard through the grapevine that there could be between 2-5 units already in escrow, but it could be agent gossip. I don't have an exact time as to when the building will be complete and  will receive white slips for occupancy. At this point they are still doing major work on the pool and common areas, as well as the majority of the units. The only downside to this very solid project is pricing. The general consensus is that they are  quite a bit overpriced. On the least expensive unit, you are still looking at a price per square foot of $875.00. This is extremely high for the neighborhood. Since the project has just hit the market, time will tell how as to flexible the developers will ultimately be and how quickly these units will move!

901 Hancock Avenue, West Hollywood, CA 90069 - Phase I Pricing

  • #202 - 1037 sq ft - 1+1 - $895,000
  • #203 - 1170 sq ft - 1+1 - $1,024,000
  • #208 - 1188 sq ft - 2+2 - $1,090,000
  • #301 - 1093 sq ft - 1+1 -$935,000
  • #304 - 999 sq ft - 1+1 - $899,000
  • #305 - 1070 sq ft -1+1 - $938,000
  • #307 - 1109 sq ft - 1+1 -$989,000
  • #310 - 1532 sq ft - 2+2.5 - $1,350,000
  • #401 - 1459 sq ft - 2+2 - $1,425,000
  • #406 - 1070 sq ft - 1+1 - $950,000

Listed by Lee Homes

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