1023 Wilcox Avenue 301, Los Angeles, California 90038, Los Angeles, 90038 - 2 bed, 2 bath

1023 Wilcox Avenue 301, Los Angeles, California 90038 home-pic-0
ACTIVE$899,000
1023 Wilcox Avenue 301, Los Angeles, California 90038
2Beds
2Baths
1,400Sqft
6,090Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Hollywood Location: Situated in the heart of the Hollywood Media District, offering exceptional walkability and quick access to renowned dining, entertainment venues, and vibrant neighborhoods like Melrose and Larchmont Village.
Top Cons:
High Association Fee: The monthly association fee of $625.0 is relatively high for a building with only six units, which could impact overall affordability and long-term ownership costs.

Compared to the nearby listings

Price:$899.0K vs avg $775.0K (+$124,000)83%
Size:1,400 sqft vs avg 1,219 sqft67%
Price/sqft:$642 vs avg $63950%

More Insights

Built in 2006 (19 years old).
Condition: Built in 2006, this penthouse unit has undergone extensive, high-end renovations within the last 5 years, making it virtually new inside. The kitchen boasts new limestone tile floors, quartz countertops, new hardware, and modern stainless steel appliances. Both bathrooms are fully remodeled with new tile, marble, a free-standing soaking tub in the primary, new showers, sinks, and light fixtures, all presenting a chic and contemporary aesthetic. New flooring, modern light fixtures, and an integrated sound system further enhance the property's pristine condition and updated style. While the property analysis notes a lack of central cooling, the overall condition of all existing and newly installed components is exceptional, meeting current quality standards with no deferred maintenance.
Year Built
2006
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$642
HOA
$625
Days on market
-
Sold On
-
MLS number
25495463
Home ConditionExcellent
Features
Good View: Landmark
Deck
ViewLandmark

About this home

Seller is motivated! Bring all offers! This penthouse home is located in a census tract that qualifies for a $20,000 grant and special financing- please inquire for specific details. Unit 301 boasts an enviable layout, the most spacious of this charming building's six condo homes. Two sets of sliding glass doors frame the fireplace and open onto a pair of eastward-facing balconies that fill the open living-dining area with natural light. You can catch glimpses of the Hollywood skyline, including the Griffith Observatory, from your sofa, dining table, and private patio. The guest bedroom includes a built-in workspace and could easily double as your home office. The en-suite primary bedroom includes a generous walk-through closet that leads to a chic oversized bath with a free-standing soaking tub, new tile floors, new marble shower tile, a new shower, and new sink & light fixtures. If you run out of room in the primary closet, fret not: a custom shoe and accessories closet has been added to the end of the hallway to keep your finds well-organized. The guest bathroom has been shown an equal amount of style and care, with a remodeled step-in shower with marble tile and upgraded fixtures. Unit 301 has been extensively updated, including new limestone tile floors and quartz countertops in the kitchen, new hardware, fixtures, and fresh paint throughout, and an integrated sound system. Statement lights in the primary bedroom and dining area bring a bit of panache, but the designer pebble light sconces lining the living room walls help make this home feel truly unique. 1023 Wilcox Ave is located in the heart of the Hollywood Media District; this central location gives you quick and easy access to some of the best dining in the city, including Providence, Mother Wolf, and Rao's. It's also just down the street from Gold's Gym and movie nights at Hollywood Forever Cemetery. Melrose and Larchmont Village are close enough that you can leave your car at home in one of your two spaces in the gated, subterranean lot.

Price History

Date
Event
Price
07/29/22
Sold
$835,000
10/13/17
Sold
$725,500
08/13/07
Sold
$699,000
Condition Rating
Excellent

Built in 2006, this penthouse unit has undergone extensive, high-end renovations within the last 5 years, making it virtually new inside. The kitchen boasts new limestone tile floors, quartz countertops, new hardware, and modern stainless steel appliances. Both bathrooms are fully remodeled with new tile, marble, a free-standing soaking tub in the primary, new showers, sinks, and light fixtures, all presenting a chic and contemporary aesthetic. New flooring, modern light fixtures, and an integrated sound system further enhance the property's pristine condition and updated style. While the property analysis notes a lack of central cooling, the overall condition of all existing and newly installed components is exceptional, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Prime Hollywood Location: Situated in the heart of the Hollywood Media District, offering exceptional walkability and quick access to renowned dining, entertainment venues, and vibrant neighborhoods like Melrose and Larchmont Village.
Extensive High-End Renovations: The unit has undergone extensive updates, including new limestone tile floors, quartz kitchen countertops, remodeled bathrooms with marble tile, a free-standing soaking tub, new fixtures, fresh paint, and an integrated sound system.
Penthouse Layout & Views: As the most spacious penthouse unit in a charming six-condo building, it features an enviable layout with eastward-facing balconies, offering glimpses of the Hollywood skyline and Griffith Observatory.
Luxury Storage & Amenities: Boasts a generous walk-through primary closet, a custom shoe and accessories closet, and a flexible guest bedroom with a built-in workspace ideal for a home office.
Financial Incentives & Parking: Located in a census tract qualifying for a $20,000 grant and special financing, complemented by two secure parking spaces in a gated, subterranean lot.

Cons

High Association Fee: The monthly association fee of $625.0 is relatively high for a building with only six units, which could impact overall affordability and long-term ownership costs.
Seller Motivation Signal: The explicit mention of 'Seller is motivated! Bring all offers!' may suggest a prolonged time on market or potential overpricing, possibly signaling a need for significant negotiation.
Lack of Central Cooling System: Despite extensive renovations, the description does not mention a central air conditioning system, which could be a significant comfort drawback during warmer months in Los Angeles, especially for a penthouse unit.

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