10101 Galaxy Way | Park Place

Park Place Century City

Park Place
2102 – 2142  Century Park Lane
Los Angeles CA 90067

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Park Place is a prestigious and upscale gated community in Century City. There are 416 condos in 6 different buildings. Each building is a 4-story mid-rise centered around two courtyard atrium. The property has almost 14 acres of grounds, and the onsite maintenance staff keep Park Place impeccable.

Built between 1985-1989 by developer Watt Luxury Housing, who also developed nearby Park Hill and Century Woods, Park Place original construction cost was $150M. Nadel/Shapiro architects designed Park Place in a contemporary Mediterranean style.

Location

Century City’s office Skyscrapers are always looming in the background.  Many of the buildings, roads, sidewalks, bridges, in Century City are beyond the human scale which inspires feelings of awe and importance. Century City is quite at night, which attracts a lot of retirees, second home owners, and professionals, that’s the way they like things. Nearby Westwood and Beverly Hills offer plenty of exciting entertainment options so you don’t have to travel far for a big night out. Nights out in Century City are usually low key.

Within Century City the Century Plaza hotel has always been a cultural landmark. The Westfield Century City mall which was recently expanded, has plenty of restaurants, AMC movie theater, and shopping.

Century City is a Golfer’s paradise. Both the Los Angeles Country Club and the Rancho Park Golf Course are less than 5 minutes away. Park Place residents have no problem staying active with resort like onsite amenities for tennis, swimming, and fitness center.

The Ralphs at 10309 Olypmic Blvd or Gelson’s in Westfield mall are your best bet for groceries.

Real Estate

 

 

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All the condos are either 2 Bedroom (320) or 3 bedroom (96) and all are single level floorplans.

2BR: 1,300sqft – 1,700sqft
Price Range: $750,000 – $950,000

3BR: 1,800sqft – 2,400sqft
Price Range: $1,000,000 – $1,200,000

Turnover Ratio? 4% about 16 condos a year

Appreciation: 3%

Record Sale: $1,545,000  Sale Date 1/6/2006

There are 6 buildings. Each building is numbered in the order that it was built. Buildings #4/#5/#6 have slightly larger square footage because the atriums are smaller and they have different “classic edition” floorplans. Each building has two Atriums that are open area courtyards that let in light and have tropical landscaping features such as palm trees and fountains.

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The 4th floor or each building is the penthouse level. The floorplans are the same except penthouses have extra high ceilings. All condos in Park Place have 9 foot high ceilings, however the penthouse level ceilings are 22 feet!

North facing Condos in Building #4 get street noise from Olympic. Otherwise condos are very quiet.

Kitchens are galley style or square with large pantry cabinet. The original kitchens came with whirlpool appliances and ceramic tile counter tops. Many owners have completely remodeled the kitchens.  Condos have no gas, so the stove is electric.

All floorplans have an open living room/dining room area. There are two wood burning fireplaces in each condo, one in the living room and the other in the master bedroom. Masterbedroom suites have their own private bathroom with large roman soaking tub and double vanity. Master bedrooms also have large walk in closets. The builder used a lot of marble, brass, and mirror accents that were popular in the 1980’s.

The HOA is very strict about installing wood floors. They are not allowed on the 2nd, 3rd and 4th floor. Only condos on the 1st floor are allowed to install them. Many home owners install very expensive berber carpets in the living room/dining room and bedrooms. This is another reason this building is really quite!

Every condo has a balcony, but they can vary greatly in size.

 Amenities

24/hr Gate Guard

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Lap Pool

3 Pools w/ spa (1 Lap Pool) Hours 7:30 am to 10:00 pm

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4 Lighted Tennis Courts

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6 Gyms (one in each building)

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Lobby (one in each building- all furnished differently)

 

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Club House

Parking & Laundry

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Side by side Laundry is inside every condo in a laundry closet in the hallway.

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Deeded Parking, each condo (both 2br and 3br) have two parking spots in gated parking garage. Parking spaces can be tandem or side by side. Each building has 18 guest parking spaces. Columns that are painted blue indicate guest parking spaces. The guest parking spaces never fill up.

Home Owners Association

HOA website: http://www.centuryparkplace.org

 HOA Dues Monthly Cost? $900/mo. – $1,200/mo.

HOA dues cover? Water, Trash, 200 Channel Basic Cable, Building insurance, Common Area Maintainance, Reserves

Owner Pays? Electric (no gas), Condo Insurance, Internet

Special assessments? No

Pet Policy? Pet weight limit is 25 lb.

Rental Policy? Must be owner of record for two years before unit can be leased. Not for investors!

EQ Insurance? Yes

Building Reserves?

Special move in instructions?

Can you have BBQ on balcony? No

Management company:

Management Professionals Inc
4030 Spencer St #104
Torrance CA 90503
310-802-4808

Front Gate Phone Number: 310-556-3128

Onsite Management Office 
Hours: 8 am to 10:30 pm daily
Phone: 310-556-3185

 

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