If you follow Los Angeles real estate, you’ll have noticed that one of the largest condo sales ever recorded in Los Angeles county – as well as the most expensive condo sale since Candy Spelling’s $35 million penthouse purchase in 2010 – happened recently.
Canadian singer Abel Tesfaye – stage name The Weeknd – purchased an 8,200 square-foot penthouse condo in the luxurious Beverly West complex. That amounts to just over $2,550 a square foot in a building whose HOA dues regularly amount to over $6,800 a month.
The Weeknd can afford this splurge. According to Forbes, the singer brought in $40 million this year and $90 million in 2017 from concerts, record sales and endorsement deals with brands like Bacardi and Puma. The Weeknd is no stranger to Los Angeles real estate – he already owns a modern estate in Holmby Hills (estimated value $18.2 million). But he’s spent his recent time in New York with then-girlfriend Bella Hadid, where he rented a four-bedroom triplex penthouse in Tribeca for $60,000 a month.
However, this purchase definitely takes the cake for Los Angeles living. The 8,200-square-foot condo, advertised as “The Mogul” unit, spans the entire 18th floor of the Beverly West building. The entire residence was designed by Lisa Gariss of Plum Design West and features floor-to-ceiling windows, wide plank white oak floors by Cora of Italy and locally fabricated walnut wood paneling. Each of the penthouse’s four corners boasts a balcony to take full advantage of gorgeous panoramic skyline (and Pacific Ocean) views.
The master suite has floor-to-ceiling windows, a sitting nook, built-in bookshelves, a walk-in closet and even a home gym, so the Weeknd can work out in privacy. The large master bathroom is bedecked with marble and equipped with a freestanding modern tub and a bidet.
Each of the additional three bedrooms has its own en-suite bathroom and walk-in closet designed by MisuraEmme of Milan. The penthouse also has two convenient powder rooms for guests.
One full side of the building is a stunning great room, with luxurious amenities such as a full wet bar, a temperature-controlled wine vault, an espresso bar, a high-end entertainment system, a marble island with counter seating, a game area with a foosball table, lounging nooks and backlit built-in shelving.
Foodies will appreciate the fully equipped chef’s equipment, designed by Antonio Citterio. The gorgeous kitchen features custom Italian cabinets, Miele appliances, gray countertops and a separate dining area.
The penthouse is decorated in a masculine palette of deep navy blue to compliment the walnut wood paneling. Select designer furnishings were also negotiated in the sale, including pieces from Giorgetti, B&B Italia, Armani Casa, Poltrona Frau and others.
“The Mogul” unit feels right at home in the jaw-dropping Beverly West building. The 22-story complex was built in 2009 by Dubai-based developer Emaar Properties and includes 35 units. Floors 18-22 are home to the complex’s single-floor penthouse units.
Besides the new, modern tower itself, living in the Beverly West is the epitome of convenience. The complex is located along the famous Wilshire Corridor, next to the Los Angeles Country Club and within a short distance of Rodeo Drive to the east and UCLA to the west. The building offers a fitness center, saltwater swimming pool, a rooftop helipad, a 24-hour concierge and 24/7 security services.
Other Beverly West residents include billionaire real estate developer Richard Lewis, who also paid $21 million for a penthouse condo in Beverly West this past July. Ellen Degeneres and LA Clippers head coach Doc Rivers are also former residents of the complex.
The Weeknd’s move from a 12,000-square-foot, 9 bedroom, 11 bathroom mansion to a penthouse unit in a tower isn’t all that shocking. In fact, it echoes a trend that many are embracing. With high-rise living, residents who don’t want to own a house or live entirely on their own are able to enjoy communal living and amenities while also enjoying the privacy offered by a single-family home. The Beverly West only has one shared amenities floor; when residents want to go straight home without interacting with others, they are easily able to do so.
Right now, luxury high-rise buyers tend to be younger, trendier and more artistically inclined, such as Rihanna, who sold her Pacific Palisades estate and moved to a condo at The Century in Century City. But as the population increases, vertical living is sure to grow in popularity.
Bill Simpson, Jeff Hyland and Susan Pekich of Hilton & Hyland brokered this deal for Emaar Properties, and Angel Salvador of The Agency represented The Weeknd. Interested in learning more about vertical living, or a property in Beverly West? Contact James Colin Campbell XXX XXXXX.
Park Westwood Tower
969 Hilgard Ave
Los Angeles CA 90024
Park Westwood Tower is a 14 story High Rise condominium built in 1961 that is 135 units. Park Westwood Tower is across the street from UCLA and walking distance to Westwood Village. Condos on the upper floors have great views! The building is full service so expect everything you would get on the Wilshire Corridor in a UCLA adjacent location.
Park Westwood tower is located literally across the street from UCLA in Westwood. One block east is the residential estates of Holmby Hills. Hilgard Avenue was once known as “sorority row” back in the 1930s because there are many historic Spanish buildings that housed students. A little Westwood history: Hilgard Avenue is named after Eugene Woldemar Hilgard (1833-1916) who was a geologist of worldwide notoriety at the university of California Berkley.
Across the street from Park Westwood Tower is the swanky and ivy covered W Westwood. The W Hotel in Westwood has a bar/lounge called Whiskey Blue that has a DJ and pretty cool interior design as well as bliss spa.
When you want to go out for a drink or grab a bite to eat, you will probably be walking to Westwood Village, which has a plethora of dining and entertainment options. Consider yourself lucky, because parking in Westwood Village can be a real bear. Historic landmarks in Westwood include old art deco theaters Fox Theater and Bruin Theater which occasionally play host to a big Hollywood movie premier. There is UCLA’s Royce Hall which has performances from all over the world including: Speakers, Opera, Ballet, Symphony, and jazz. UCLA also hosts the UCLA Film Festival and Jazz Reaggea fest each year and has a wonderful extension program.
Westwood Village has three major grocery chains: Ralphs, Whole Foods, and Trader Joe’s and a Target, so the day to day chores are easy. In addition since you are in Westwood, there is excellent Persian food everywhere, especially on Westwood Blvd.
Berber Carpet, well lit hallway
Park Westwood Tower has 135 condos that are one bedroom floorplans and two bedroom floorplans ranging in price from $400,000 to $600,000. The architecture of the building is midcentury which corresponds with the year it was built in 1961.
Units can vary quite a lot of finish quality, many have been updated. The kitchen is right off the front door and its a U shaped kitchen that opens with a breakfast bar into a large combined living room/dining room area. Corner units will get windows on both sides, interior units will only have a floor to ceiling sliding glass door at the opposite side of the living room.
This balcony has been enclosed or extra living space
Originally built with balconies, many owners have enclosed the balconies to get more square footage. This square footage is not reflected in the public records so be aware of that when you are looking, the condo might be slighly bigger than advertised.
(84) 1 bedrooms ranging in size from 650 sqft to 800 sqft
(51) 2 bedrooms ranging in size from 900 sqft to 1,000 sqft
All condos are single story
most of the balconies are enclosed now since they are little units this makes sense
Turnover Ratio: 5%
Swimming Pool w/ 8 foot deep end (84 degrees) + Spa Heated (105 degrees) Year-Round
24/Hour Front Desk
On Sight Property Management (normal business hours)
There is no Gym
Parking & Laundry
1 Parking space for 1bedrooms and 2 parking spaces for 2 bedrooms in the subterranean gated parking garage. Laundry isCommunity laundry in a laundry room. Sorry in unit laundry cannot be installed inside the units. There is a community laundry room on the 2nd Floor with 8 washers and 8 dryers.
10982 Roebling Ave
Los Angeles CA 90024
Club California is a low rise courtyard-style condo building located in Westwood walking distance to UCLA. There are 212 condos in Club California which are 80% 1 bedrooms. California Club is one of two large condo complexes in the UCLA area, the other is the highrise 969 Hilgard. What makes Club California different from other 5-10 unit condo’s in the area is it’s many amenities and right next to UCLA location. California Club is located in the city of Westwood and just a 5-minute walk to UCLA and Westwood Village.
Club California was built in 1973 as an apartment complex and then converted to condominiums in 2005-2006. Low Prices
Walk to UCLA + Medical school
Only 30% of Club California condos are owner-occupied which means 70% are rentals. This can cause a problem when trying to get a loan for a new purchase because most lenders like to see no more than 50% of the condos being used as rentals. Don’t be discouraged – there are lenders out there who will lend in this building you just have to look.
Record Sale? $800,000 #533 8/23/2018
California Club was an apartment conversion, which means that there are thinner walls, community laundry room, and wall AC which is typical for condo conversions. The Developer had one standard finish package that they did for each unit. The kitchens look like this:
# of Condos
800sqft to 400 sqft
1250sqft 850 sqft
California Club is 80% 1 bedrooms which rent for $2,000/month and the rest is 2 bedrooms that rent for $3,200.
HOA dues are low at $400 per month but expect a less frequent maintenance routine like carpet cleaning in the hallways.
Prices for 2bedroom prices peaked in 2006 at $700,000-$750,000. There is a 2 bedroom that just came on the market testing $700,000 price mark again. The other 2 bedrooms that have sold so far $600,000.
One bedrooms are selling for $400,000 but peaked in 2006 for $550,000. The studios currently are selling at $300,000. Most units have a private balcony.
Some of the floor plans are townhome style, but the majority are single-story floor plans.
Typically about 15 condos sell a year which is a turnover ratio is ~7%.
California Club Amenities
Pool, (no spa) the pool is outsideand faces south. It has lounge chairs for tanning and hanging out poolside on a hot summer day. There are two outdoor BBQs. There once was a Cabana but the HOA removed it.
Gym, the gym has small flat-screen TV on the wall so you can watch your favorite TV show while you work out. The gym has a good combination of Cardio equipment: Treadmills, ellipticals, cycling machines, and strength training: circuit machines and free weights. There’s also space to do stretching, yoga, pilates, etc.
Lounge with Billard tables, There is a large lounge for hanging out with wifi, a TV, a bar, a pool table, card tables and chairs, and a Juke Box! This is a Great area for studying or hosting a party for a special event.
Basketball Court (Halfcourt) Practice those free-throws play a game of pig, or a pickup game. A Basketball court is a very uncommon amenity. Usually, you have to go to a park nearby to play basketball.
Parking & Laundry
There are two community laundry rooms on the property. Sorry, no unit laundry can be installed in each condo.
There are 2 levels of parking garages and 306 total parking spaces. The parking spots are narrow but manageable. Studios and 1 bedrooms get one parking space and 2 bedrooms get two parking spaces. All parking spaces are side by side parking. Guest parking?
Home Owners Association
Current Rental to owner ratio about 50% to 50%- this can make lending a little more difficult.
Front Desk: 310-443-1417
HOA Due Cost? $320/Month to $450/mo.
HOA dues cover? Included in Dues: Water & Trash, building insurance, Common Area Maintenance, Reserves
Owner Pyas? Electricity, Gas, Internet & Cable, Condo Insurance
Special Assessments? None
Pet Policy? Under 30 Lbs
Rental Policy? Leases must be 30 days in length or longer no other restrictions.
Warner is a traditional school that focuses on academics. Parent’s who favor progressive education usually don’t like it. The academics are very rigorous and there is lots of homework assigned to students. The school scores extraordinarily well on state wide testing and is one of the best elementary schools in the LAUSD system. Many parents who send their children to Warner feel like it’s a private school, but it is not- it is a public school and tuition is free. Many of the homeowners in the attendance boundaries of Warner could choose to send their children to a private school if they wished but don’t because Warner is on par with private schools.
Many parents donate to the school to augment the abysmally low $6,000 per student state funding. The Parent group is very active and involved at Warner. Some parents don’t like being routinely asked to donate money to the school when their child is enrolled in a public school and it is not required, but you have to face facts- a comparable private school education (John Thomas Dye) would cost ~$30,000 a year- you can fork over a couple thousand dollars for your child to get a great education.
Warner has a goal of keeping their student to teacher ratio at 20 to 1 which is higher than private schools that average 15 to 1, but still very low! At 4rd grade and 5th grade the student teacher ratio increases slightly to 25 to 1.
The school has an arts, music, and sports program, as well as a computer lab. The campus is clean and it has some very good teachers. Many parents at Warner love the STAR afterschool program. School events include Winter and Spring Sing, Halloween Haunt, and several field trips throughout the year.
A large portion of Warner’s attendance boundary (section 1 on the map) can choose either Roscomare or Warner. Wilshire Blvd is divided directly in half. The north side of the Wilshire Corridor goes to Warner, the south side of the street goes to Fairburn.
Warner matriculates to Emerson Middle School. Paul Revere is considered a better middle school than Emerson, so some parents try to get their children accepted at Revere and drive them. There is a Charted Bus currently that picks up at Holmby park parents sending their middle schoolers to Revere can use. Sign up is $1,200/yr.
Many private schools like accepting Warner Ave students, so that is an option for parents as well.
Little Holmby’s borders are Hilgard Avenue, Sunset Boulevard, Beverly Glen, and Wilshire Boulevard. There are 995 Single Family Homes in Little Holmby Hills.
East of Beverly Glen is Holmby Hills with some of the largest estate properties in Los Angeles, and the Los Angeles Country Club. South of Wilshire is the Wilshire Cooridor and Westwood. North of Sunset is Bel Air, and west is UCLA.
Janns development corporation, in partnership with department store magnant Arthur Letts, developed Holmby Hills in 1925.
Holmby Hills has English inspired street names. A few examples: Strathmore Drive, Comstock Avenue, Dalehurst Avenue, Westholme Avenue, Woodruff Avenue.
To attract potential buyers to Holmby Hills and thier adjacent development Westwood, the Janss corporation donated 385 acres of their 3,296 acre Wolfskill ranch tract to the University of California to build UCLA. Janss sold the 385 acreage for $1 million, giving the University a $3 million dollar gift. Within days of announcing a new campus $1 million dollars worth of lots sold.
Holmby Hills is 400 acres. The original offering had lot sizes ranging from three-quarters of an acre, to some as large as nine acres, selling between $17,000 and $30,000 at the time. Unfortunately, Arthur Lett’s passed away in 1923 of pneumonia before seeing Holmby Hills take shape.
Holmby Hills has gentle rolling hills and wide mature tree lined streets. Warner Avenue Elementary is located in the heart of Holmby Hills, and is one of the best public elementary schools in Los Angeles. This is a great neighborhood for families, with strong community, great schools, big grassy yards, and sidewalks.
There are three broad catagories of houses in Holmby Hills
Single Story 2-3br 2,000 sqft homes that range in price from $1,400,000 to $1,600,000
The middle market 4-5br 3,000sqft to 4,000sqft two story homes on the average 7,500 sqft lot. Prices range from $2,000,000 to $2,200,000
And the estate homes, that are similar in size to the middle market except they are on double or triple lots of 14,000 sqft up to 22,000. Prices for estate homes range in the $3,400,000 to $4,000,000
On June 21, 2004, the city council passed the West Hollywood Open House Sign Ordinance. It limits the size and placement of signs. Be careful because if your sign is confiscated, its a big fine!
Onsite Sign, 1 sign and 4 flags per open house
Street signs, 1 per corner; maximum of 4 per intersection
Onsite sign, N/A
Offsite signs, 18′ high and 24′ wide
Onsite sign, N/A
Street Signs, 42′ for sign on a stake, 36′ for A-frame sign
Onsite sign, Shall not be installed before 8:00AM on day of open house and shall be removed immediately after the open house.
Street signs, On Sunday and Tuesday only, from noon until 6:00pm
Onsite sign, None
Street signs, to be placed on private property only. Only text permitted is ‘open house’ with an arrow in direction of the property. Double faced signs only. Flags, no riders, no address, no company names, no agent name.
Even after reading the West Hollywood Open House Sign Ordinance, and posting a blog about it- your author had another open house sign confiscated!
My first infraction was blatant- 3 branded open house signs on the corner of Fountain and Crestcent Heights, on Public Property, a $270 fine. The signs were branded- but not in your authors name- a fellow agent hard borrowed me some of his signs to use while he was out of the country. The citation was written up in his name and sent to his address. I have difficulty getting ahold of my contact person in code complaince because he is frequently in the field. I can only deal with whoever wrote the ticket- my contact person, I believe- because I am told, because I need to change the name on the ticket. I did miss one chance at a Tuesday morning. I finally get ahold of Jeff to get the signs and I go over to West Hollywood City hall to pick up my signs. I can only pick up my signs after I pay the citation, however if you pay, you can file an appeal. I go down stairs and pay- go upstairs and grab my three signs- go downstairs and call to file my appeal. I am notified that it has been longer that 21 days and I have lost my right to appeal.
After that, I was careful to study the borders of the West Hollywood Map, and I checked to make certain, for my next open house which would not be in West Hollywood- I would put my signs in a safe place. Safe turned out to not be safe. I placed 1 sign on the North East Corner of Doheny and Sunset, and my sign was confiscated. Since this is the second infraction the fine doubles to $540.
I filed an appeal, I hope that they will understand that I didn’t know that the border of West Hollywood isn’t along the street in some places, and in some places, even if it does end at the street on the map, as it appears at the Sunset Doheny intersection- in the Doheny, the Kings, the Larrabee, the Clark, the Queens, the Sunset Plaza, the Sweetzer, the Miller, the Shoreham, Horn, and Londonderry the boarder extends from Sunset approximately 500 feet- so I was in violation.