Westwood Little Holmby Real Estate October 2017
Local News and Industry Updates from Caron Schwartz at Gibson International Real Esta
Secondly a wonderful large 2 unit combination condo with 3407 sq feet , 3 bedrooms,5 bath, and a den sold. It is on a lower floor in 10551 Wilshire. It sold for $$4,895,000. The views faced Bel Air and the interiors are beautiful. Amenities include pool, gym, concierge, valet etc. The homeowner dues for this unit are double due to the combination of two units. This is is an added expense .For a homeowner leaving a large home, finding a large contemporary condo is a premium.
In additon there is a 3 bedroom 3 bath condo that sold at 10787 Wilshire . It has 1459 sq ft and sold for $995,000.00 .This condo has higher and no pool or gym. It is close walking distance to Westwood Village and UCLA. Additionally a 3 bedroom ,4 bath at 10490 Wilshire sold for $4,863,000.00. Furthermore,a $5,289,500.00 3 bedroom 4 bath condo on a high floor in The Wilshire . It has 3407 sq feet, amazing walk in closets, and decked out in luxury sold. Wilshire Corridor condominium sales March 2018 had some nice luxury condos for sale.
Lastly buying a condo on the Wilshire corridor has all the rewards of luxury living. Most buildings have a gym and pool. A few have tennis courts. Most buildings on the Wilshire Corridor have a concierge . They are conveniently located close to UCLA, Century City, Beverly Hills, Westwood Village, freeways,.etc. I am very knowledgeable about all the buildings .(see my youtube of each building.)https://www.youtube.com/channel/UCGHB90Fe3QTDfN64SFxTotw
In conclusion if you are thinking of selling a condo on the Wilshire Corridor, contact me for my expertise. Leasing ,buying, or selling a condo, I am sure I can help you with exactly what you need. http://www.caronschwartz.com 310-383-0831 http://www.centurycitycondostoday.com http://www.housesinwestwood.com http://www.thewilshirecorridorcondos.com
Most Important, the condos vary in price, size, location, location within building, updates, homeowner dues, amenities, etc. Living on the Wilshire Corridor is a perfect location to live in Los Angeles due to the close proximity to surrounding communities. You can be to Beverly Hills within 5 minutes, Century City, UCLA etc. The many amenities most buildings offer are an added bonus. Homeowner dues can vary from building to building.
Firstly , the two bedroom condos sold are in buildings like the Carlyle,The Regent Wilshire, The Wilshire House, Crown Towers, Wilshire Marquis, The Grand, Wilshire Thayer,La Tour etc. For example a 2 bedroom /2bath with 1182 square feet at 10501 Wilshire and located on a mid level floor sold for $1,033.00 in one day. This building has utilities that are included views and upgrades. A 2 bedroom with 1649 sq feet in 10701 Wilshire sold for 1,049,000.00. Similarly, a two bedroom with 1649 sq feet at 10445 Wilshire on an upper floor sold for $1,295,000. Located at 10535 Wilshire Blvd a 2 bedroom condo with 1646 square feet sold for $1,070,000.00. 10480 Wilshire, 2 bedroom/3 bath sold for $1,275,000.99 with 1682 square feet. As you can see , prices vary with similar square footage due to factors listed above.
Secondly , 3 bedroom condominiums vary in price. Some of the ones that sold include 10776 Wilshire for $3,391,112.00 or 10787 Wilshire with 1459 square feet
feet for $3,669,000.00. Similarly 10380 Wilshire condo with 3 bedrooms/4 baths and 2143 square feet sold for $3,900,000.. A double unit in 875 Comstock with 3 bedrooms/4 bath and 2900 square feet sold for $2,547,000.00.
Conclusively, size, location, building, amenities, homeowner dues, upgrades and location within building views all affect value. If you’re looking for expertise to assist you sell, buy or lease a condominium, contact http://www.caronschwartz.com for all your real estate needs. Call 310-383-0831 http://www.thewilshirecorridorcondos.com
Holmby Hills proposed HPOZ terminated on Sept 30, 2016 .
In a letter from Paul Koretz , Council Member to the 5th District for the Holmby Westwood Community, Mr. Koretz announced his reasoning in making this decision .Mr Koretz stated in the letter ,”I have listened and met with all sides and points of view and my office has attended numerous community meetings regarding this issue. The common theme with the Holmby Westwood Community is a strong desire to protect the neighborhood. It is also clear, however, that the proposed HPOZ is not the type of protection a majority of the community is seeking. “ The letter goes on to elaborate this decision further.
At a time when people feel their voice is often unheard by their politicians ,many Holmby Westwood residents feel the voice the majority expressed was heard!. Paul Koretz took a bold move and reversed a proposed HPOZ when he determined the majority of homeowners did not want a HPOZ in this neighborhood. Discussions within the community continue. The entire HPOZ proposal can be viewed online.
Paul Koretz office had to give great consideration to the many voices and differing opinions in the neighborhood. After much thought and communication within the community the office decided it had to redirect their efforts within the community.
What does this all mean for the neighborhood? Holmby Hills proposed HPOZ terminated will pave the way to new discussion about how to maintain the character and quality of a neighborhood as developers seek to maximize square footage and remodel and build within the community. Many believe it will help property values continue to rise in keeping with the economy as potential to remodel homes that come on the market is now less restricted.
This 5 bedroom home in Holmby Hills is currently for sale for $6,100,000. potential buyers are relieved to hear they can make changes to the home on this large lot,(22000+ sq ft) with 5110 sq ft. This home is within minutes of Holmby Park. The grand homes on large lots are highly desirable luxury properties in Los Angeles. Now that the Holmby Hills proposed HPOZ terminated many in the neighborhood believe that homes will be remodeled with design and sensitivity
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Westwood Real Estate Changing
There are several sub neighborhoods within Westwood. There is Little Holmby, Holmby Hills, West Hills, (Warner Ave Elementary)Comstock Hills which is East of Beverly Glen. The area South of Wilshire between Beverly Glen and Veteran bordered by Santa Monica Blvd (Fairburn Elementary School). You have the neighborhood to the East of Westwood Blvd and Sepulveda. There are the homes South of Santa Monica Blvd to Pico which span E of Beverly Glen to Sepulveda. There are great schools that are the foundation of the community along with parks, restaurants, theaters, places of worship, shops etc. Westwood real estate is changing around Westood Charter Elementary and the homes that surround it are also where new home construction and remodeling are occuring.
With interest rates low there is a lot of new construction. To the North of Wilshire there is an ICO and Possible HPOZ (see previous articles I have written) To the South of Wilshire all around the Fairburn School district there are many new homes being built. There is no restriction to build new homes and remodel.Prices of tear down houses are around $1, 400,000.00 and they are being replaced or renovated with homes that are anywhere from 2 million to 5 million. Because the neighborhood is so central to all Los Angeles has to offer and the great schools there are families looking to move into the neighborhood embracing construction with all the latest finishes. Cesar stone counters, wide wood plank floors, walk in closets, kitchens with family rooms integrated and open floor plans opening to backyards for outdoor living are just a few of the features you will see in the newer homes. New homes often include screening rooms, large garages, top of the line materials, maximum use of space.
Westwood real estate is changing. There will continue to be more remodeling and construction . Demand is high in the area, interest rates are currently low for builders to get money to remodel and build new homes as the area to continues to meet demand.
Contact me for all your real estate needs. www.caronschwartz.com at 310 383-0831
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Holmby Hills HPOZ Update gives an overview of what has happened in the area regarding new construction and remodeling. There were several meetings taking place throughout July and August 2016 for discussion about the HPOZ for Holmby Hills Westwood neighborhood. HPOZ ? “Historic Preservation Overlay Zone”.(What is ICO and HPOZ ?)
Proponents for a HPOZ and Anti HPOZ residents met a few times at St. Aidan’s Church in Westwood to discuss their views. (July 14, and July 21 2016) The proponents for HPOZ have been preparing the HPOZ for this area for several years .Many residents formed a large STOP HPOZ committee. Residents expressed they had not been informed or felt misinformed about the proposed HPOZ. Over 500 residents expressed their opposition to a HPOZ. A large amount of written comments, comment cards, and verbal comments were collected and expressed at the meetings .Some homeowners created a petition and contacted their City Council. Some residents felt the restrictions violated their Civil Rights. Some residents didn’t want colors restricted. landscaping, and materials for windows to name a few objections. Furthermore other homeowners didn’t want any restrictions. Other residents felt the only way to protect the character and preserve the community would be through a HPOZ. This community came forward to take action that affects their neighborhood and its future. Value and freedom of choice is very important to the homeowners. Additionally, maintaining the character of the neighborhood and how residents will to do that must be decided.
As a result of the meetings and comments, the proposed Holmby Westwood HPOZ will not be put on agenda for the August 18, 2016 Cultural Heritage Commission hearing. In addition, it will not be put on agenda for the September 22, 2016 City Planning Commission hearing . All the input is now being analyzed .Postponing these meetings will give the Council more time to review.The current HPOZ draft (http://preservation.lacity.org/sites/default/files/Presentation_Public%20Hearing%207-28-16%20FINAL.pdf ) is a proposed guideline.
Similarly, many residents stated they do not want their rights regarding their homes determined by a committee. Furthermore, they do not want a more bureaucratic process , more fee’s, restrictions, and increased length of time for permits. Some residents felt homeowners who have already remodeled would be more fortunate than those who contemplate remodeling and renovations in the future under the current HPOZ proposition .The HPOZ proponents feel that the guidelines can be developed to please residents.
In Conclusion, The City of Los Angeles will be reviewing the matter in the coming months. Open the above links to understand more about the various issues, history of the neighborhood, architects of Holmby Hills, and styles of homes, What do you think? Your opinion matters. Be aware, be involved! Stay informed, Share your comments. Holmby Hills HPOZ Update
Contact https://www.caronschwartz.com for all your real estate needs. 310-383-0831
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Holmby Hills Westwood things to do, will focus on the Fowler Museum This free museum in Los Angeles is right in our community but many people don’t know about this wonderful treasure filled space. Pass the UCLA sculpture gardens or the botanical gardens on your way to this exciting day trip.
Holmby Hills Westwood things to do includes places to dine like Tender Greens which will be coming to Westwood soon, or take a picnic from the delicious Sushi Bar that has just been installed in Ralphs. Pick up teriyaki chicken and rice combo with salad from Gushi Westwood fast food. Stop into Whole foods and eat what you choose from their deli, try the brownies at Didi Reese. There are so many choices. See my restaurants in Westwood list on website https://www.caronschwartz.com
The Fowler museum is currently showing” Making Strange” by artist Vivan Sundaram .
This Dehli based artist uses recycled materials in Fashion to create art. As part of the” Sahmat Collective Art and Activism Exhibit” you will see many interesting works of art. There is also the exhibit “The Art of Hair in Africa”,”and Singular Spaces-the eccentric to the extraordinary. Spanish Art Environments” .There are many other exhibits including” Reflecting Culture”,251 Objects.The Fowler museum is located on UCLA campus . http://www.fowler.ucla.edu/
Contact me for more information about Westwood. http://www.thewilshirecorridorcondos.com Westwood is a wonderful place to live in Los Angeles with great public schools, close access to all private schools and some of the greatest homes in Los Angeles. To learn more about Westwood Real Estate and Holmby Hills real estate give me a call. I would love to help you find the home of your dreams. There is so much to do in Westwood There are several parks close by with a Westwood Recreation Center( http://www.laparks.org/dos/reccenter/facility/westwoodRC.htm ) offering activities like yoga, racketball, basketball, ceramics,Olympic pool, tennis ,Aidan’s Park,etc.
Holmby Hills in Westwood is a wonderful community that continues to appreciate in value. Holmby Hills and Westwood real estate in Los Angeles is a great investment. It is a community with many places of interest within walking distance of UCLA and Westwood Village. When considering housing UCLA, Westwood is a great place to purchase real estate near UCLA and have the convenience of so many places to go. Why rent when you can own and go to UCLA. Living along the Wilshire Corridor you can walk to many museums and enjoy many restaurants along Westwood Blvd as well. Homby Hills Westwood things to do has many more chapters to explore. View my website further to find out more about Westwood. http://www.housesinwestwood.com http://www.belairnewsletter.com http://www.holmbyhillsrealestatetoday.com http://www.centurycitycondostoday.com
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The Westwood Newsletter was set up to inform people about new developments and the exciting things happening in Westwood Village, Los Angeles. As the home of UCLA, there are always new events, exhibitions, restaurants and luxurious residential real estate properties for sale and lease in Westwood Village. The Westwood Newsletter summarizes important information about the dynamic community that supports Westwood, the Wilshire Corridor, Holmby Hills, Bel Air and surrounding communities. Check out the Westwood Newsletter for Feb 2015 below! Currently Ralphs is making big changes. There are new Restaurants opening. The Armand Hammer Museum and the Fowler Museum are located in Westwood. Everything you want to find about real estate in Westwood. Housing close to UCLA, Rentals in Westwood, homes for sale in Westwood, housing close to UCLA hospital, corporate housing, leases in Westwood. etc. This has always been an active community. It is easy to walk everywhere in Westwood. To view more restaurants in Westwood, see my website at https://www.caronschwartz.com and look under Westwood restaurants for a list.
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For more information about property listings in Westwood, the Wilshire Corridor, Holmby Hills, Bel Air, Downtown LA and many other communities in Los Angeles, visit: