Monterey Hills Condos and Townhomes For Sale at Temple Terrace 3.18.15
This is a recap of market activity for the Temple Terrace complex in the planned community of Monterey Hills within the city of Los Angeles(zip code 90042).
The complex consists of both single level condos as well as multi-level townhomes. Statistical information in this report has been gathered from our local multiple listing service(mls) as of March 17, 2015 and may not include all transactions in the complex.
Monterey Hills is a hilltop community of approximately 1800 condos and townhomes in various complexes. Located just east of the Arroyo Seco Parkway(110) the area is highly convenient to Downtown Los Angeles, USC Health Science Campus as well as both the San Gabriel and San Fernando valleys. It is easily accessible to multiple freeways and two Gold Line light rail stations. Despite this convenience, the area remains a bit under the radar due to its secluded setting which has allowed it to be the best and most affordable real estate value in Los Angeles.
Temple Terrace was built in 1980 and is unique within the Monterey Hills community as it is the only complex which consists of both condominiums and townhomes. There is a total of 122 residences at the professionally managed Temple Terrace and they share a common area pool, spa and lounge area on beautiful resort-like grounds.
There are a total of 75 single level condominiums in two buildings(805 Temple Terrace and 898 Temple Terrace) in a variety of floor plans with up to two bedrooms/two baths. The 47 multi-level townhomes with attached garages have two or three bedrooms. The condos have subterranean parking.
There is currently just one unit available at Temple Terrace. It is a townhome with two bedrooms/two baths and a bonus room with approximately 1135 square feet priced at $445,000.
For full year 2014, there was just one mls-reported close transaction. It was a two bedroom floor plan with approximately 1416 square feet which sold for $425,000(list price $449,000) in February of that year. There was one sale in 2013 as well and it was a three bedroom plan with about 1416 square feet which closed for $401,000(list price $395,000) in May.
For full year 2014, there were three mls-reported sales of condos in Temple Terrace. They ranged from $248,000 to $315,000 with an average sales price of $277,000(median sales price $268,000). They sold at 99.16% of last list price and for $297.26 per square foot on average. During 2013, there were seven transactions ranging from $215,000 to $303,000 with an average sales price of $264,843(median $270,000). They sold at 100.11% of list price and for $280.55 per square foot on average.
If you would like to know more about Temple Terrace or any Monterey Hills real estate contact me at 818.516.4393 talk | text. Whether you are a prospective buyer or a homeowner thinking of selling, let’s discuss what is important to you. I look forward to assisting you.
Published: March 17, 2015
Monterey Hills Condos and Townhomes For Sale at Temple Terrace 3.18.15
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