423 S Arnaz Dr | Palazzo Arnaz

Palazzo Arnaz
423 S. Arnaz Dr
Los Angeles CA 90048

Palazzo Arnaz is a newer construction, midrise condo building in Beverly Center neighborhood of Los Angeles. Built in 2008, Palazzo Arnaz has 14 condos on four floors. Designed in the Italian style, the building has a neoclassical Greek revival style with such architectural details as an open-air arcade and ground level “palazzo” with a fountain and Mediterranean palm trees. Palazzo Arnaz condos are great for buyers who want medium size, newer construction, low HOA (~$400/mo.), a safe neighborhood, and a central Westside location.

LOCATION

Palazzo Arnaz is located just south of Burton and West of Robertson in a very safe Beverly Hills Adjacent neighborhood, with gated parking and controlled access. Being situated in between West Hollywood, Beverly Hills, and the Grove/Farmers Market- there are lots of shopping, restaurant, entertainment and activities nearby. The Cedars Sinai Hospital and Beverly Center Shopping Center are two major influencers in this area. If you are willing to cross Burton North then there are a lot of places to walk to on 3rd, however this section of Robertson is mostly commercial, so you will probably need to drive for most trips.

REAL ESTATE

Record Sale? $885,000 8/14/2009

Turnover? 1 condo per year or ~6%

Appreciation? 4%-5%

Floor plans are all single story, except for the penthouse level which has a loft. There are (12) 2 bedrooms and (2) 3 bedrooms. The 2 Bedrooms range in size from 1,200 sqft to 1,500 sqft, and the 3bedrooms are 2,000 sqft. Stacks 01 and 02 are the smaller 2bedrooms, and stacks 03 and 04 are the larger units. 01 and 04 stacks face the street and the 02 and 03 stacks face the rear which backs up to an ally. 

The developer installed dark distressed hardwood flooring in the living rooms, that contrast with the light walls. Living rooms have a combined dining room that comfortably seats 4-6, and a gas fireplace and balcony. The kitchen is traditional with maple shaker cabinets, granite countertops, and travertine ceramic tiles floors and backsplash. There is a peninsula that can be used as a buffet. Original Appliances are all stainless steel. A stacked in unit Washer and dryer is located in a closet in the kitchens. Central Heat and Air

The condos have their own master bedroom suite, with private master bedroom, ceiling fan, and walk-in closet. The flooring in the bedrooms is carpet. The master bathroom has a double vanity, separate shower, and tub. The shower has a frameless shower door and a rainfall showerhead.

One of the quirkier things about these condos floorplans is an office nook in the hallway which you can use to have a computer or a small desk.

Pricing

 $800,000 – $950,000

Amenities 

Rooftop Deck

Elevator

Controlled Access

Parking & Laundry

 

Laundry is in unit in a laundry closet in the kitchen with room for a stacked washer and dryer.

Each condo has 2 parking spaces in a gated and secure subterranean parking garage. The building has 6 guest parking spaces. 

Home Owners Association

HOA dues Monthly Cost? $400/mo.

HOA dues cover? Common Area Maintenance, Building Insurance,  Water & Trash

Owner Pays? Condo Insurance, Electric, Gas, Internet, Cable

Any special assessments? No

Pet Policy?

Rental Policy?

EQ Insurance? No

Building Reserves?

Special move in instructions?

Can you have BBQ on balcony?

Property Management company?

LBPM
4730 Woodman Avenue
Suite 200
Sherman Oaks, CA 91423
 (818) 981-1802

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