In Escrow – Original Unit in The Park Wellington

1131 Alta Loma Rd. #213, West Hollywood, CA 90069

One bedroom, one bathroom in 731 sq.ft

Asking Price: $365,000

Listing Remarks:

Great one bedroom in the Park Wellington in original but pristine condition!! Original owner that bought as a pied-a-terre so unit has rarely been used and is in excellent condition–ready for your Buyers to move-in and/or make their own!! Wonderful floor plan with formal entry,spacious living areas & Master Suite with the best (redone)walk-in closet of any of the floor plans w/in the complex. There are wonderful views of both the city to the south,the Hollywood Hills to the North as well as views of the beautiful pool and its inviting cabanas, the lush landscape & grounds that have made this resort style complex famous.Unit faces west and has great afternoon sun & light.Extra long terrace overlooks the entire amenities of the complex as well as southern city lights. Bldg offers pool,tennis,24 hour Security Desk,2 spas, a fitness center & even room service from the famous hotel located just across the street. Special unit with great pricing in a part of the complex rarely offered.

Real Realty LA Remarks:

The number of first time homebuyer/investor condos on the market in and around West Hollywood/Beverly Hills has significantly slowed down over the last year. As a result, condos priced well in the right buildings and neighborhoods are receiving multiple offers and going into escrow with days of hitting the market. Good news for all our hesitant sellers out there, but bad news for buyers. You need to be prepared to move fast and not look at the asking price minus a certain percentage. You have to really study the comps and understand where the value lies and if the market price is the asking price, be careful being greedy and going in under asking. You’ll be surprised how quickly you can get outbid.

Walking into this second floor unit basking in the afternoon sun, a result of its western exposure, overlooking the complexes tennis court, pool and gym, one quickly over looks the units slightly outdated deco and takes in the units positive characteristics. After receiving a quote for installing hardwood floors throughout, new stainless steel appliances and recessed lighting in the kitchen my clients were quick to pull the trigger. On my end, through constant communication and establishing a relationship with the sellers agent I managed to get my clients into escrow without dealing with multiple offers (even though there were 3 offers on the table).

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