While condo prices are still adjusting downward in West Hollywood, there is good news for those people who are seeking an entry level home just a 15 minute drive from the Creative City.
I have noticed quite a few condos for sale in the Mid-Wilshire area for well under $375,000, in fact, last Sunday I presented an open house at 525 S. Ardmore near 6th street, which is an approx. 380 sq. ft. studio for $175,000. Two other studios are also available for $178,500 and $179,00. In the same building are four 1 BR units ranging between $189,900 and $270,000, and one 2BR for $359,000. 525 S Ardmore is a 175 unit complex that needs a bit of work, but is recently under new management, has reasonable HOA reserves, and is slated for renovations in the very near future.
S. Ardmore is a wide, pretty street with well maintained complexes. Although I am told that street parking can be a bit dicey at times, I have never had any trouble finding a parking spot. For residents, all of the condos that I have looked at come with at least one garage parking space.
I found the people who live in the building to be a friendly, exciting, eclectic mix who have pride in their home ownership and strive to maintain their neighborhood as a great place to live.
S. Ardmore is not the only street with great housing deals. Many streets in the Mid-Wilshire area have similar, (but slightly more expensive) condos for sale.
If you are seeking entry level housing, I believe that the Mid-Wilshire area is LA’s best-kept secret right now.