960 LARRABEE Street 222 West Hollywood, California
1 Beds 1 Baths 801 SqFt 0.908 Acres
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960 Larrabee St #303
West Hollywood CA 90069
Larrabee Manor is an 86 unit, courtyard style, midrise condo located in the Norma Triangle Neighborhood of West Hollywood. The Building was built in 1963 as apartments and converted to condos in 1987. The unit mix in this condo complex is 90% 1 bedrooms and Studios, so this is a great building for buyers looking for well located/affordable West Hollywood 1 bedroom condo or for condo investors since this building’s CCRs and HOA have a very investor friendly leasing policy. HOA’s are only $350/mo. which is the lowest you will find in the area (HOAs include basic Direct TV and internet too!).
Conveniently located between Santa Monica BLVD and Sunset, you can walk to either location. West Hollywood’s Santa Monica BLVD is just steps from this condo for lots of nightlife, restaurants, and Trader Joes. The Newly Opened Shake Shack has become an instant neighborhood hit! For the past decade, the Abbey has been the #1 nightlight life destination in the area, and it was recently expanded with the “Chapel”.
Record Sale Price: $550,000 9/25/2013
Turnover Ratio: 5%
Appreciation: 4% – 5% (if updated)
All of the floorplans are single story. There is no central HVAC, so Air is a Wall Unit (sorry Central HVAC may not be installed). Some owners have upgraded to split systems. Kitchens have electric stoves. Dining Rooms are a bit small at about 8′ x 8′, they seat 4. The 1 Bedrooms have a wall and full baths, whereas the studios have an open floor plan. Kitchens are galley style with Dishwasher, Stove, Microwave. Some owners have added a washer and dryer in the kitchens, otherwise, there is a community laundry room. There are two elevators in the building, and numerous stairways. The hallways are open air in some areas and enclosed in others. The HOA recently redid the Hallways with new paint, carpets, and lighting so they are fresh and clean. Units facing Larrabee (West) have huge balconies. Units that face the courtyard have normal balconies. The units that face out from the courtyard have no balconies. One thing I really like about these condos is that they have a lot of windows- the dining room, living room, and bedroom all have a window. Another really great feature is the Main bedrooms have a double walk in closet, so the closet space is a real plus.
450 sqft to 700 sqft
(40) 1 Br
700 sqft to 800 sqft
$400,000 – $450,000
900 sqft to 1,100 sqft
Larrabee Manor Amenities
Heated Pool (year round by solar panels on roof)
Roofdeck (Great Views! HOA is going to add an outdoor BBQ soon)
Storage in Garage (some condos have an overhead locker + ground storage bin, others just ground bin, and a few have no garage storage)
Parking & Laundry
1 Parking Space per condo regardless of size in a gated parking garage. There are 8 guest parking spaces total, grouped near the garage entry. 2 of those spaces are tandem and the other 4 are side by side.
There is a common area Laundry room with 7 washers and dryers. This building allows in unit Laundry to be installed- although HOA needs to give approval.
Home Owners Association
Board Member’s Website: http://www.960updates.com/
HOA dues Monthly Cost? $350/mo.
HOA dues cover? Water & Trash, Building Insurance, Basic Direct TV package and Internet, Reserves, Common Area Maintenance.
Owner Pays? Electric, (No Gas), Internet, and Cable
Special Assessments? Yes. Board will be replacing the two elevators
Pet Policy? 2 Pet limit. Dogs may not be over 20 inches high full grown and be of a “gentle disposition”.
Rental Policy? No restrictions
EQ Insurance? No
Can you have BBQ on balcony?
Property Management company?
First Service Residential
6080 Center Drive, Suite 210
Los Angeles, CA 90045
If you would like to see the Larrabee Manor for yourself, I will happily show you the available listings! Please call me directly at (310) 388-7332 or click the button below and I will be in touch shortly!