Real Estate Blog - 10800 Wilshire Blvd, Los Angeles - What's happening at "The Californian"?

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10800 Wilshire Blvd, Los Angeles - What's happening at "The Californian"?

10800 Wilshire Blvd, Los Angles - What's happening at "The Californian"?

The Californian is one of the newer high-rise condo buildings on the prestigious Wilshire Corridor in Los Angeles. Completed in 2005, the 23-story tower has 80 condominiums. The full-service building features concierge service, valet parking, resort-like pool, spa and fitness center with sauna and locker-rooms.

Since January 2008, 4 units have sold at prices ranging between $2,120,000 - $3,750,000.

There are also currently 10 units for sale in the building at List Prices between $1,450,000 - $5,395,000 with an additional unit currently in escrow. Monthly HOA Dues are close to $3000 (yes, three thousand dollars).

Almost 20% of the building has, or is changing hands since the begining of last year.

This percentage sounds high and makes me wonder "What's happening at The Californian?"

Posted by Stewart Penn - Los Angeles Condo Specialist on 08/24/2009 12:53 AM

Comments (5)

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Originally posted at: LA Connection Property Blog: 10800 Wilshire Blvd, Los Angeles - What's happening at "The Californian"?

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5 Comments on 10800 Wilshire Blvd, Los Angeles - What's happening at "The Californian"?

AUG

Hi Stewart,

Hmm..Very interesting! The photos of the Californian are gorgeous!

I hope you'll remember me if you learn of anyone moving to "The OC" and I will do the same!

Best regards.

Michael Caruso, Broker ABR ABRM CRB CRS GREEN GRI

2007 President, Orange County Association of Realtors

www.MichaelCarusoRealEstate.com

Stewart, I hope the one is escrow is your transaction! Are the other 10 available listings yours? The best to you!

Stewart,

This looks like a fabulous building and it goes to show there are still buyers out there willing to pay for quality and location.

I too hope the one in escrow is yours :)

Sharon

Hi Steward

The building looks outstanding.

Good luck and success.

Lou Ludwig

AUG

I'm not selling at The Californian .... but I am curious as to why so many units are For Sale at the same time?

I'm certain the high monthly HOA Dues of around $3000 per month is a factor. (This seems like a high number for concierge & valet services).

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