There is no doubt we are in a buyers market. But, there are some deals out there that are definitely worth mentioning to those of you who are looking for a trophy property or maybe a great investment.
Century Woods Estates is one of the most exclusive low rise developments in Century City. This small enclave of spacious condominiums and enormous mansions is owned by Royalty and Hollywood A-list celebrities a like. This development is truly a hidden gem in the city. Currently there is a unit for sale for only $900k! Prices here range from 1.3 mil to 7.5 mil and because of the caliber of homeowner here units rarely come on the market at a fire sell price!
Century Park East is undergoing a much needed massive renovation and there are several 2 bedrooms available at rock bottom pricing! Market conditions as well as the condition of the building have brought the values down to record lows. After the renovation is complete, these units will gain instant equity in an already much desired building and location.
Heading a little further East to the border of Beverly Hills and the Sunset Strip there is a $360k 1 bedroom foreclosure at the Plaza Towers on Doheny Dr. The Plaza Towers is also finalizing plans for a massive renovation. This building is one of the few high rises in the area built as condominiums and boasts one of the best roof top pools. Values are sure to increase after the building completes their upgrades.
Finally, at the other end of the Sunset Strip is the Westview Towers. Currently a homeowner is unloading 4 of their units at historically low prices! This building recently completed renovation of the pool area giving it a more modern feeling to reflect the upgrades recently done inside the building. This is definitely the time to grab one of these units as a great rental property, Pied-à-terre or residence!
If you, or anyone you know would like to take a look at any of the properties in this article contact us today at (310) 623-0289.
Buyers without agents only please!
Thursday, November 12, 2009
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