1033 Carol Drive Ph3, West Hollywood, California 90069, West Hollywood, 90069 - 2 bed, 2 bath
1033 Carol Drive Ph3
West Hollywood, California 90069
Property Price
SUMMARY
Analysis of 1033 Carol Drive Ph3, West Hollywood, California 90069 reveals a Prime Investment Opportunity with a current list price of $2,295,000—significantly undercutting the $2,604,513 Fair Market Value by 5%. This valuation gap indicates a +$309,513 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the West Hollywood Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1975, the property has undergone an extensive, high-end renovation, bringing it to contemporary luxury standards. The kitchen features marble cladding, Sub-Zero, Miele, and Wolf appliances, indicating top-tier quality and recent installation. Bathrooms are described as 'spa-like' with marble, heated floors, and Waterworks fixtures, all pointing to a very recent and complete overhaul. French oak floors and modern light fixtures throughout further confirm a virtually new interior, meeting current quality standards with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Architectural Pedigree & Rarity
An award-winning Ron Goldman, FAIA design, this penthouse is one of only two south-facing units, the largest in the complex, and rarely available, offering significant architectural value and exclusivity.
- Panoramic Views & Private Rooftop
Boasts expansive city-ocean views and includes a substantial 600 sq ft private rooftop terrace overlooking Beverly Hills, providing exceptional outdoor living and entertainment space.
- Luxurious & High-End Interiors
Features soaring 16ft ceilings, floor-to-ceiling windows, French oak floors, a marble-clad designer kitchen with Sub-Zero, Miele, and Wolf appliances, and spa-like marble baths with heated floors and Waterworks fixtures.
CONSRISKS & DEFICIENCIES
- High Monthly Association Fees
The monthly association fee of $1495.0 is substantial and represents a significant ongoing cost for potential buyers.
- Building Age
Constructed in 1975, the building's age, despite interior updates, might raise concerns for some buyers regarding potential older infrastructure or future building-wide assessments.
- Condominium Living Restrictions
As a condominium, the property involves shared walls and adherence to HOA rules and regulations, which may not appeal to all high-end buyers seeking complete autonomy or the privacy of a single-family residence.
About 1033 Carol Drive Ph3
Set within The Carolwood Condominiums-an award-winning Ron Goldman, FAIA design-this rare Penthouse combines architectural significance with contemporary luxury. One of only two south-facing units and the largest in the complex, it offers city-ocean views and includes a private 600 sq ft rooftop terrace overlooking Beverly Hills. Interiors feature soaring 16th-ft ceiling (living room), floor to ceiling windows, and French oak floors. The open plan flows through a dramatic living room, den and office into a marble-clad designer kitchen with Sub-Zero, Miele and Wolf appliances. The primary suite includes a custom walk-in closet and spa-like marble bath with heated floors and Waterworks fixtures. 2nd bedroom on the ground floor includes an additional slab marble bath with Waterworks fixtures . Resort-style amenities-pool, spa and gym-complete this exceptional residence, moments from Soho, Bird St, Boa, The Edition and West Hollywood's most iconic destinations. This Penthouse is one of a kind and rarely comes on the market.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1975
- Lot Size
- 37,274 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1495.0 / Month
Neighborhood Insights
West Hollywood Unified Schools
West Hollywood Elementary School
Grades K-5 • 0.2 mi
Rosewood Avenue Elementary School, School for Advanced Studies
Grades K-6 • 1.1 mi
Gardner Street Elementary School
Grades K-6 • 2.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,967 | 1,315 | 84% |
| Lot Size | 37,274 | 32,240 | 60% |
| Price | $2.29M | $999.0K | 87% |
| Price per sq ft | $1.2K | $759 | 84% |
| Built year | 1975 | 1973 | 66% |
| HOA | $1495.0 | $790 | 86% |
| Days on market | 168 | 177 | 45% |
Pricing History
Listed for Sale
Oct 15, 2025
$2,295,000
$2,475,000
-7% Price Drop
Initial Listing
Price Change
Sep 19, 2025
$2,475,000
Initial Listing
Sold
Dec 9, 2019
$1,410,000
Public Record
Sold
May 9, 2018
$932,000
Public Record
Sold
May 24, 2001
$497,500
Public Record
Sold
Oct 14, 1999
$307,000
Public Record