7320 Hawthorn Ave | Hollywood Regis

Hollywood Regis
7320 Hawthorn Ave
Los Angeles 90046

Hollywood Regis is a 4 story 100-unit condo building in Hollywood.

Built-in 1985 as the Hawthorn Plaza Apartments- it was converted to condos in 2007 by Irvine developer Sares-Regis Group (which is where it gets its name from). The building offers some nice amenities (pool, gym, security) while keeping the HOA dues below $500/mo. The condos are compact, ranging from 500 sqft for the studios and 600 – 750 sqft for the 1 bedrooms, and 1,000 sqft to 1,150 sqft for the 2 bedrooms- which helps keep prices affordable. This is a great place to get started and later move up or stay long term if you don’t have bigger space requirements because of the convenient location.

Location

Living at the Hollywood Regis, you are right in the thick of things in hip and happening Hollywood. This area combines with West Hollywood to form an entertainment district so there are plenty of places to go and things to do. You can walk from the Regis down to Sunset Blvd, which has a bunch of restaurants, and a few Low Key bars. Short Uber distance to Hollywood Blvd, The Sunset Strip, Santa Monica Blvd, K-Town, Miracle Mile for a night out.

Some of my favorites spots in the immediate area are Runyon Canyon Park, Hollywood’s Rock and Roll Ralphs – (you also have a Trader Joes/ Bristol Farms/ Whole Foods and Pavillions), The Pikey (see if you can spot a gnome!), the Carving Board, and Sam’s Bagels. The public schools have a good elementary. Safety is pretty good- you just have to be careful if you park your car on the street because there is some property crime/ homeless. 

REAL ESTATE

Turnover Ratio: 6%

Record Sale: $666,000  6/20/2007

Appreciation?

Condo Mix:

Price: $600,000
(44) 2 Bedrooms  1,000 sqft – 1,150 sqft 

Price: $400,000 – $500,000
(56) Studios & 1 Bedrooms 550 sqft to 750 sqft

Hollywood Regis has three sides of street exposures on Hawthorn, Fuller, and Martel. Being located on a gently upsloping hill, the condos that have south-facing windows on the higher floors will have city views. Interior Condos face the courtyard where the heated pool and Spa is. Exterior Condos have a street facing views. 

The Developer used a neutral beige color scheme for the exterior, lobby, and finishes in the condos. Original Developer Finishes include white raised panel cabinets, bull nose granite countertops, and stainless steel appliances. All the floorplans are a single story and on the smaller side for sizes. Hardwood flooring or tile or carpet can be installed in the living rooms and bedrooms. Living rooms have a gas fireplace. Master bedrooms have a walk-in closet. Every condo had a ventless combo washer dryer installed when the building was converted

Amenities

Lobby

Pool & Spa

Gymnasium 

On Site Management and Night Time security guard.

Parking & Laundry

Laundry is in each unit with a European style all-in-one ventless combo machine. Are there still laundry rooms?

Studios get 1 parking spot, 1 bedroom can either have either 1 or 2 parking spaces. 2 bedrooms get 2 parking spots. Storage can be added in the garage. Guest Parking?

Home Owners Association

 The HOA has their own website
www.hollywoodregis.com

The building recently updated the hallways with new paint and carpeting and redid the pool and Spa Area in 2015. 

HOA dues Monthly Cost? $400-$500/mo.

HOA dues cover? Water, Trash, Common Area Maintenance, Building Insurance, Reserves, Property Management

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

Any special assessments? Yes, $125 per month (12 months from January to December 2019)

Pet Policy? 2 pets, up to 35 lbs

Rental Policy?

EQ Insurance? Yes

CCRs? 

Building Reserves?

Can you have BBQ on the balcony? Yes

Management company?

Seabreeze Management Company
(323) 969-8928

 

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