321 S San Vicente Blvd | Westbury Towers

Westbury Towers
321 S San Vicente Blvd
Los Angeles CA 90048

Westbury Towers is an 82-unit 11 story high-rise in Beverly Center. The building was built in 1976 as condos and is solid construction with concrete and steel. The HOA has not made any updates to the exterior, lobby, hallways, or laundry rooms since it was built so the building is dated now. That said, Westbury Towers has an incredible location, and the condos are very generous in size. This is one of the most affordable buildings in the area. The HOA, levying a modest assessment, could make this building really shine.

Location

Westbury towers is walking distance to both Cedar Sinai hospital and the Beverly Center Shopping center (which is directly across the street).  The Restaurants and shops on 3rd St/Robertson are also nearby. This location provides easy access to both West Hollywood and Beverly Hills.

There is a Trader Joe’s market in the new 8500 Burton building. I personally love the Larder in the same building- they have great food! You also have to check out Andre’s Bazaar at SLS hotel- really cool place to get a cocktail!

For your coffee fix, check out the Coffee bean and tea leaf at La Cienega and 3rd.

Real Estate

Record Sale: $775,000 6/17/2016

Appreciation? 4%

Turnover Ratio? 4% (about 3 condos a year)

The Condos are a mix of 1 Bedrooms (22) and 2 bedrooms (60) ranging in size from 950 sqft to 1,300 sqft. All the floorplans are single level. One Bedrooms are selling for $400,000 to $500,000 and 2 bedrooms are selling for $600,000 to $700,000.  The bedrooms and living rooms are really large. Bedrooms can fit a king and most floorplans have a walk in master closet. The kitchen have electric appliances and are square. The Kitchen has a bar area to looks into the living room. Every condo has one or two balconies. Condos on the higher floors have great views. 

Amenities

Pool and Spa

Lobby with on site manager, and nightly security patrol

Paddle Court

Elevator

Storage Locker

Parking and Laundry

Parking is in two underground garages- 1 bedrooms ahve 1 parking space and 2 bedrooms have 2 parking spaces. For two parking spaces it is a mix between tandem and side by side. Guest Parking?

Laundry is community, with a washer and dryer on each floor. 

Home Owners Association

HOA dues Monthly Cost?  $498/condo

HOA dues cover? Water and Trash, Building insurance, Common area maintenance, Reserves

HOA does exclude? Electricity, Internet, Cable, Condo Insurance

any special assessments? No

Pet Policy?

Rental Policy?

EQ Insurance? No

Building Reserves?

Special move in instructions?

Can you have BBQ on balcony?

Management company?

 

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