750 S Spaulding Ave | Wilshire Galleria

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Wilshire Galleria
750 S Spaulding Ave
Los Angeles CA 90036

Wilshire Galleria is a 118-unit midrise condo in Miracle Mile. Built-in 1981 by Goldrich & Kest, these condos are all 2 Br/ 2Ba that range in size from 1,300 to 1,700 sqft. The original developer advertisement encouraged buyers to “Invest in a work of Art”.


Wilshire Galleria condos are on the larger side for 2 bedrooms, so they are very spacious, and for the first-floor condos- they each have a huge outdoor balconies

The building is due for an update, especially in the hallways. For buyers with some patience, this building offers very low Price per square foot for the area, and for units that haven’t been updated yet, carte blanc to remodel however you want.
There are tons of street parking spaces on the south side of the building for 8th St.
in the area and with all of the development going on at Wilshire the walkscore has went up in recent years.

Location

Wilshire Galleria is just across the street from LACMA and the La Brea Tar Pits. This area gets a lot of food trucks during lunch time. The El Rey Theater is nearby, that’s a great venue. With some of the big Apartment buildings, they added a lot of ground level retail which houses restaurants and coffee shops. This area has become a lot more walkable in recent years.

Real Estate

Turnover Ratio? 5% about 4 a year

Appreciation? 5%

Record Sale? $840,000 10/05/2018

The floorplans in Wilshire Galleria are all single story on 3 floors. The 1st-floor condos have huge balconies. All of the condos are 2Br/2Ba, some of the larger condos have a Den which could be enclosed for a 3rd Bedroom. I appreciate that there is a good amount of open space in this development, which lets the light in, and gives some room between your neighbors.

Prices range between 600K-700K depending on how remodeled the condos are. The kitchens have a breakfast area. The original developer finishes are quite dated now, but they were done with materials that were popular at the time. The kitchens are closed galley-style kitchens, some owners have removed some overhead cabinets and made an opening to connect to the living room and open it up a bit.

One nice thing, is that you can put hardwood floors or tile on the 2nd and 3rd floors. The original condos came with wall to wall carpet. Many owners have installed laminate flooring. Dining Room seats 6. Living rooms are nice and roomy. Bedroom configuration?

In the Master Bedroom you get a walk-in closet and private bathroom. Both the bedrooms are medium size. Condos have in unit laundry and Central HVAC.

Amenities


Lobby

Pool & Spa

Elevator

Storage?

Parking and Laundry

Each condo has a Stacked washer dryer in the hallway.

Each condo gets 2 parking spaces – there is a mix of tandem and side by side. There are 47 guest parking spaces. There is a bike rack and grocery carts in the gated garage area.

Home Owners Association

HOA dues Monthly Cost? $450-$550/mo.

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

Owner Pays? Electric, Internet, Cable, Condo Insurance

Any special assessments? No

Pet Policy? 1 Dog, 20lb limit.

Rental Policy? Maximium of 15% (17 or 18 condos) of the building may be leased. Currently at the maximum, new owners will be put on a waitlist for when a rental spot opens up.

EQ Insurance? No

CCRs?

Building Reserves? 

Special move in instructions?

Can you have BBQ on balcony? Yes, but need to use smokeless briquettes

Property Management Company? 

Onsite Management Phone#
323-937-9437

 

 

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