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In L.A.You Don't Have to Pay $1 Million for a Million Dollar View

By
Real Estate Broker/Owner with Home Jane Realty BRE# 01439865

When you think of Los Angeles real estate you think of getting what you pay for, right?  To a certain extent that is true.  Paying less than $1 Million is not going to get you much of a house on the Westside of L.A. especially one that is upgraded with a pool and other amenities, and not with a spectacular view.

Wilshire Corridor Million Dollar Views

Sometimes you can get the wow factor, the hidden gem, just where you thought it might be out of reach.

If you are O.K. with high rise, full service condo living, I for one would be, then you are in luck. The Wilshire Corridor has a large concentration of those kinds of buildings in all price ranges.

The affordable unit which will knock your socks off may not be in a building you are attracted to from the outside, or the lobby may not be that great, or it may not come with inside laundry.  Maybe it is a little smaller than you would like, but when you walk in and see that view you will forget everything else.

There is one building which I keep in mind for budget-concious buyers for whom the view makes up for everything. And it is one of those buildings where you don't have to compromise much.

The Wilshire Regent at 10501 Wilshire Blvd is truly a hidden gem. The outside does not do justice to the interior.  This is a full-service building complete with 24/7 concierge and valet. It has a very nice lobby and pool area. Amenities include a conference center and gym, and what is unique about this building is that you can rent office space, and for out-of-town guests they have a handful of rooms for rent which last I heard were under $80 a night. Each floor above the 10th has laundry facilities, but there is a large community laundry on the 3rd floor.

The majority of units at the Wilshire Regent are one-bedrooms which run around $390,000 to $680,000, the square footage from 600 to 1,367. 2 bedrooms rarely come up with one in escrow at present listed at $711,000. There are studios also which can be larger than the one-bedrooms running from around $360,000.

Another unique feature of this building is the homeowners dues. They are very low for the Wilshire Corridor and include ALL amenities, cable too. They run from around $539 to $770 a month and some of those will drop after an assessment is paid off.

But back to the point of the post. The views in this building are truly spectacular from the upper floors. At the Wilshire Regent you don't have to pay $1 Million for a $1 Million view.

 

Comments (15)

Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

I'd expect you to know all of the hidden gems in the area.  The Wilshire Regent sounds like a nice place for buyers to check out.

Feb 12, 2014 08:58 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Cindy, it's one of my favorites for the value.  Thank you.

Feb 12, 2014 10:32 AM
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

You are a not so hidden gem!!  Buyers would be well served to work with a professional like yourself who knows where to find the hidden gems.

Feb 12, 2014 12:13 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Jane

You sure have the scoop on the buildings to buy in around LA. I think I would pay for the view and be willing to give up some of the other amenities rather than the premium for those sorts of things. I have seen some killer views in LA and I get why people will pay for them

So they should be calling you to help them find that perfect view home

Jeff

Feb 12, 2014 12:46 PM
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker Realty, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Jane - There are so many great real estate options and opportunities for Los Angeles buyers to consider like the Wilshire Corridor and working with an experienced real estate professional like yourself is how they are going to find a great deal in the area!

Feb 12, 2014 04:32 PM
Beth and Richard Witt
New York, NY
The best Retired Brokers !!!!

Great Challenge... I not only got to think about why I enjoyed so many of the things in our home but got very clear on the value. I learned a lot from this challenge and will be sure to give our agents a heads up on all these "Gems"... "Hidden Value When Purchasing A Home"

Feb 12, 2014 07:56 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Joan, thank you kindly.

Jeff, at The Regent you don't have to give up too much.

Laura, thank you, as always.

Feb 13, 2014 02:55 AM
Broker Patty Da Silva Da Silva
Green Realty Properties® - 954-667-7253 - Cooper City, FL
Top Listing Broker

What a beautiful view. This blog has a really catchy title and thanks for sharing Jane!

Feb 13, 2014 02:55 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Patty, thank you for dropping by.

Feb 13, 2014 03:00 AM
Margaret Goss
@Properties - Winnetka, IL
Chicago's North Shore & Winnetka Real Estate

Wow!  Great prices for a very desirable location.   Views like that make the whole condo feel larger.

Feb 13, 2014 08:07 AM
Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

Does any know the Wilshire corridor better than Jane Peters? I don't think so.

Feb 13, 2014 12:00 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Margaret, the views take you out of the condo :)

Wayne, thank you :)

Feb 14, 2014 05:36 AM
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

The Wilshire Regent looks like a true hidden gem.  I like the concept of guest rooms for rent by the night!

Feb 16, 2014 07:32 AM
Norma Toering Broker for Palos Verdes and Beach Cities
Charlemagne International Properties - Rancho Palos Verdes, CA
Palos Verdes Luxury Homes in L.A.

Condos and townhouses offer some of the best buys (and views) in the Palos Verdes area too.  It's rare to find a single family home with a view under $1,000,000 here, but many condos offer that option.  Buyers often overlook the amenities and value offered by the condo lifestyle.

Feb 17, 2014 01:11 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Georgie, I really do like the Regent

Norma, condos are definitely some of the best values here.

Feb 17, 2014 10:31 AM