10445 Wilshire Boulevard 504, Los Angeles, California 90024, Los Angeles, 90024 - 2 bed, 2 bath
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10445 Wilshire Boulevard 504
Los Angeles, California 90024
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,649Sq Ft
32,849Lot Size
Property Price
LIST PRICE$944,000
EST. MARKET VALUE
$901,560
4% AboveMARKET VALUE
SUMMARY
This property represents a High-Potential Investment Opportunity, listed at $944,000—positioned above the $901,560 Fair Market Value. While the unit requires modernization due to its Condition Rating of 4, it offers a stable, long-term income stream with rents secured through 2028. Located on the prestigious Wilshire Corridor, the unit features unobstructed city and mountain views, a jumbo patio, and access to top-rated schools like Fairburn Avenue Elementary. This is a strategic, income-generating asset ideal for Buy-and-Hold Investors or 1031 Exchange Buyers.
Estimated Market Value
$901,560
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10445 Wilshire Boulevard 504 Subject | $944,000* List Price | 2 | 2 | 1,649 | $547 | - |
A 10511 Ashton 101 Sold | $830,000 | 2 | 3 | 1,443 | $575 | 0.2 mi |
B 10551 Wilshire Boulevard 403 Sold | $690,000 | 2 | 3 | 1,505 | $458 | 0.3 mi |
C 10560 Wilshire Boulevard 404 Sold | $1,100,000 | 2 | 3 | 1,787 | $616 | 0.3 mi |
D 10535 Wilshire Blvd. 612 Sold | $730,000 | 2 | 2 | 1,040 | $702 | 0.2 mi |
E 10551 Wilshire Boulevard 503 Sold | $925,000 | 2 | 3 | 1,505 | $615 | 0.3 mi |
F 10550 Wilshire Boulevard 305 Sold | $1,125,000 | 2 | 3 | 2,146 | $524 | 0.2 mi |
G 1250 S Beverly Glen Boulevard 406 Sold | $775,000 | 2 | 2 | 1,285 | $603 | 0.2 mi |
H 10535 Wilshire Boulevard 712 Sold | $715,000 | 2 | 2 | 1,037 | $689 | 0.2 mi |
I 10550 Wilshire Boulevard 302 Active | $995,000 List Price | 2 | 3 | 2,146 | $464 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1980 (44 years old) and while well-maintained, the interior finishes in the bathrooms and living areas appear to be from a renovation that is 20+ years old. The brown granite countertops, cabinetry style, and track lighting are dated and would require modernization to meet current market standards for a luxury high-rise.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
- Prime Location & Views
Situated on the prestigious Wilshire Corridor, this extra-large unit offers unobstructed city and mountain views with a jumbo patio, providing a high-end aesthetic and premium outdoor space.
- Stable Investment Income
The property is a turnkey investment leased through October 2028 with a guaranteed escalating rent schedule, making it an ideal candidate for a 1031 tax-deferred exchange.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee of $2,302 per month is significant, which may impact the net rental yield for investors and represents a high fixed cost for future owner-occupants.
- Delayed Occupancy Potential
Because the unit is leased until late 2028, it is strictly an investment play for the next several years, excluding any buyers who are looking for a primary residence in the near term.
About 10445 Wilshire Boulevard 504
Ideal condo investment. Beautifully appointed, extra-large 2-bedroom, 2-bathroom lower floor condo with fabulous unobstructed city & mountain views. Jumbo patio for grand outdoor entertaining. Abundant sized rooms and walk-in plus lots of closets. Long entry hall gallery affords the perfect setting for fine art. Very quiet location. Services include 24 hr valet & guest parking, heated pool & sun deck, fitness center, library. 10 blocks to Westwood Village and UCLA. 1/2 mile east of the I-405. 20 minutes to LAX. 2 miles to Beverly Hills & Century City. Buyer to cooperate with Seller's IRS Code 1031 tax deferred exchange at no cost to Buyer. Waiting list for storage locker (monthly HOA fee $50). Leased through October 31, 2028. Scheduled rents: $5,500 through October 31, 2026; $5,650 through October 31, 2027; $5,800 through October 31, 2028. Parking Location A Level, #29 & 30.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1980
- Lot Size
- 32,849 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $2302.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Warner Avenue Elementary School
Grades K-5 • 0.3 mi
9/10
Fairburn Avenue Elementary School
Grades K-5 • 0.4 mi
9/10
Nora Sterry Elementary School
Grades K-5 • 1.8 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,649 | 1,219.385 |
| Lot Size | 32,849 | 27,236.074 |
| Price | $944.0K | $800.2K |
| Price per sq ft | $572 | $650 |
| Built year | 1980 | 1979 |
| HOA | $2302.0 | $685 |
| Days on market | 30 | 72 |
Pricing History
Listed for Sale
Aug 10, 2026
$944,000
Initial Listing
Sold
Apr 22, 2002
$674,000
Public Record