6728 Hillpark Dr | The Highlands

The Highlands
6700-6760 Hillpark Dr
Los Angeles, CA 90068

Highlands is a hidden gem! Located in a picturesque setting of natural canyons just off the 101 freeway in the Cahuenga Pass, the community has a resort like feel and is the most affordable way to ‘get in’ to the Hollywood Hills.

The Highlands has 192-condos that are grouped into 16 different buildings. Built in 1966 by developer Theodore Bentley, a third generation builder. Bentley’s grandfather was the founder of Pomona, and his father worked on highway projects and the aqueduct. The Highlands opened at an inopportune moment,  the US economy was in recession and sales were slow. Instead of selling, the condos were leased as apartments until 1973- when Lindley Enterprises purchased the property and infused another $1.2M into improvements and sold them as condos.  

The property has 14 acres of grounds, with many different species of trees and other greenery that was planted on site when it was built. This landscaping is now mature and very pleasing. The most noticeable trees are the towering pines, but there are wide assortment of varieties. In addition to the expansive grounds, the land to the south of the site (about 20 Acres) is reserved as open space.

Location

Being located in the Cahuenga pass, the Highlands is very convenient for commuters to either the valley or the westside. Some employees who work in the studios at Burbank also choose to call the highlands home. Being so close to the 101 you can pick up the 134 to go east to Pasadena, or head west on 101 towards 405, as well as take 101 South straight downtown.

Since the community is a little bit off the beaten path, it is quiet and safe. Hillpark Drive is a cul-de-sac. The property is hillside with a slight rising grade.

Unfortunately, the Highlands, much like it’s neighbor across the 101, Cahuenga Tennis Club, is not very walkable. However there are so many amenities on site, the reduces the amount of trips. Cahuenga Blvd has a ton of restaurants which provide a lot of dining options. A few of my favorites are: Mercado, the Baked Potato (great jazz!), Miceli (don’t love the food, but love the live singing waiters!), In’n’Out, Joes Falafal, GC Marketplace.

Universal Studios is right around the corner! Check out Universal Studios City walk for a fun night out.

I would be remiss if I did not mention the Highlands next store neighbor, the Hollywood Bowl

As far as groceries are concerned, you can go north to Ralph’s Studio City at 10901 Ventura Blvd, or drive to Beachwood’s Bristol farms. There are a few smaller markets around the neighborhood for a quick run if you run out or forget something.

Real Estate

Turnover Ratio? 4%

Appreciation? 4%

Record Sale: $739,000 5/8/2015

There are 16 buildings and each building has 12 condos. Condos on the second and third floors are four corner units with no common walls and have balconies. There are two condos on the 5th floor of each building with sun decks, and two condos on the first floor. Each building has its own private elevator.

Square footage on units ranges  from 900 sqft to 1,400 sqft. Floorplans are 2 Bedrooms, 1 Bedroom + Den, and 1 bedrooms. All the floorplans are single story.

Pricing

1BR (50)
900 sqft-1000 sqft
$400,000

1BR+ Den
1,100 sqft – 1,200 sqft
$450,000-$500,000

2BR 
1,200 sqft-1,400 sqft
$550,000-$600,000

The original finishes from the 70’s were well you know… umm. Except for the front doors which are very vintage. Many owners have updated their condos. The original condos had popcorn ceilings. Many owners have smoothed their ceilings and added recessed lights. The kitchens had country style raised panel wood cabinets and ceramic tile counter-tops. Just a simple coat of paint can really change the look of the cabinets if you don’t want to replace them. Condos have a huge combined dining room and living room (500sqft – 700sqft) with floor to ceiling sliding glass doors that lead out to balcony. Kitchens have a bar area that can seat 2 or 3 stools. Central HVAC. 

Amenities

2 Heated Pools (Upper and Lower) + Spa

Lower Pool

 

Upper Pool

Gym

2 tennis courts and a Paddle court

Club House

Dog Area

Storage lockers

 Parking & Laundry

Parking is in a gated underground parking garage. Condos have 1 or 2 parking spaces. The 1 bedrooms have 1 parking space and the 1 bedroom + den and 2bedrooms have 2 parking spaces. In addition, there is plenty of street parking on Hillpark. Guest Parking?

For Laundry, the complex was original built with Community laundry. Laundry rooms are where?

The HOA allow owners to install laundry in their condo as long as it is a special compact/ventless washer dryer approved by HOA. Installing a Washer/Dryer is owner’s expense. The HOA can provide a list of approved models that owners are allowed to install.

Home Owners Association

HOA PHONE:

(323) 851-4883

323-436-0340

HOA dues Monthly Cost? $494/mo. per condo

HOA dues cover? Water + Trash, Building Insurance, Common Area Maintenance, Reserve, EQ Insurance

HOA does exclude? Internet, Cable, Gas, Electric

Any special assessments? No

Pet Policy? 2 pets max. No pitbulls, Dobermans or rottweilers.

Rental Policy? Must own the condo 1 year before leasing. Leases minimum 1 year term.

EQ Insurance? YES

Building Reserves?

Can you have BBQ on balcony? Yes

Management Company?

FHA Approved? YES

 

 

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