10520 Wilshire Blvd | The Dorchester

The Dorchester
10520 Wilshire Blvd
Los Angeles CA 90024

 The Dorchester is a 16-story 108-unit high rise on the Wilshire Corridor in Westwood. Built-in 1989, By Michael Reyes of Urban Pacific, who developed the Mirabella 8 years earlier, Dorchester condos were constructed at a cost of $72M.

Vitro Architects (who also did Mirabella) designed The Dorchester in a distinctive postmodern style. I love the beautiful green marble in the motor court. The building has a rooftop swimming pool and four grand 6,000 sqft two-story penthouses.

Location

Real Estate

Record Sale? PH#2 $4M 6/20/2013

Turnover? 5% or about 6 condos a year

Appreciation? 3.5%

 

All of the floorplans in The Dorchester are single-story except for the (4) penthouses which are townhouses. Stacks 01, 02, 07, 08 face Wilshire, Stacks 03, 04, 05, 06 face the back. Floorplans are a mix of 2 and 3 bedrooms. 2 bedrooms are 1,400 sqft. The 3 bedrooms range from 1,800 sqft to 2,000 sqft. Living Rooms have a gas fireplace.

The windows in the Dorchester are more traditional starting at waist level, this add more privacy and wall space for hanging things. No Balconies for these condos. Prices range from $900,000 to $1,000,000 for the 2 bedrooms and $1,100,000 to $1,350,000 for the 3 bedrooms. Condos have 9-foot ceilings. Every condo has a master bedroom suite with a Carrera marble master bathroom and walk-in closet. 

Amenities

24-hour valet and front desk

Rooftop Pool & Spa  (with BBQs)

Gym

Lobby – Marble inlay

Elevator

Parking & Laundry

Each condo gets two parking spaces. I am not sure if they are assigned or deeded. Owners are allowed to self park. There are up to 3 guest parking spaces. 

Laundry is inside the unit in a laundry room. 

Home Owners Association

Front Desk 310-474-6662

The Dorchester is very strict for showings. No weekend showings, no open houses. Brokers must meet clients in the lobby.

HOA dues Monthly Cost? $1,500/mo. – $2,000/mo. 

HOA dues cover?

Owner Pays?

Any special assessments?

Pet Policy?

Rental Policy?

EQ Insurance? Yes

CCRs? https://www.dropbox.com/s/93kyyn1efdg3zjo/10520%20wilshire%20blvd%20ccr.pdf?dl=0

Building Reserves?

Special move in instructions? Move-in Fee of $300.00

Can you have a BBQ on the balcony? N/A – no balconies except for the penthouses

Property Management Company?

Onesite Management
david@dorchesterla.com

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