
Los Angeles, California 90024
This studio residence represents a High-Potential Investment Opportunity, listed at $499,900—positioned well above the $487,630 Fair Market Value by -2%. Featuring a Fair Condition Rating, the unit offers significant value-add potential through modernization. Residents benefit from Full-Service Luxury Amenities and proximity to Warner Avenue Elementary (9/10). While the bankruptcy sale requires a structured 60-day escrow, the unobstructed City Lights and Hills views provide a unique urban retreat. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a prime Wilshire Corridor location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10501 Wilshire 814 Subject | $499,900* List Price | 0 | 1 | 621 | $785 | - |
A 10501 Wilshire Boulevard 903 Active | $600,000 List Price | 1 | 1 | 828 | $725 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, the property shows partial surface-level updates including newer laminate flooring and a modern stainless steel dishwasher. However, the kitchen cabinets and overall layout are dated, and the listing's emphasis on 'potential' and 'bankruptcy sale' indicates the unit requires modernization to meet current market standards for the Wilshire Corridor.
Elementary School: Warner Avenue Elementary School (9/10).
The building offers a comprehensive suite of resort-style amenities, including 24-hour concierge, valet, a fitness center, and a pool, ensuring a high-end lifestyle.
Situated in one of Los Angeles' most prestigious neighborhoods, the property provides excellent proximity to UCLA, Beverly Hills, and Century City.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 621, other record living area = 483.
As a Bankruptcy Federal Court Sale, the transaction involves specific legal requirements and a structured 60-day escrow that may be more complex than a standard purchase.
The studio configuration and 621 square footage may limit appeal for buyers seeking separate sleeping quarters or more expansive living areas.
***BANKRUPTCY FEDERAL COURT SALE - NO BANK INVOLVED***ESCROW APPROXIMATELY 60-Days*** Perched on the prestigious Wilshire Corridor, this charming studio residence offers an exceptional opportunity to own a pied-à-terre in one of Los Angeles' most sought-after full-service buildings. Situated on the quiet side of the building, Unit 814 enjoys sweeping unobstructed views toward Holmby Hills from an expansive private balcony—an ideal setting for morning coffee or evening sunsets. The thoughtfully designed floor plan features generous closet space, abundant natural light, and endless potential to create a sophisticated urban retreat tailored to your personal style. Whether you're seeking a primary residence, investment property, or luxurious city getaway, this home presents a rare value on the Wilshire Corridor. Residents enjoy an impressive collection of resort-style amenities, including 24-hour concierge and valet service, a sparkling pool and spa, fitness center, sun deck, conference and banquet facilities, guest suites, guest parking, and on-site management. HOA dues include all utilities, providing exceptional convenience and ease of ownership. Located just moments from UCLA, Beverly Hills, Century City, world-class shopping, fine dining, and cultural attractions, this is an outstanding opportunity to experience luxury high-rise living in the heart of Los Angeles.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 9-12 • 2.1 mi
Grades 9-12 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 621 | 1,243 |
| Lot Size | 42,205 | 24,016 |
| Price | $499.9K | $805.6K |
| Price per sq ft | $805 | $659 |
| Built year | 1963 | 1981 |
| HOA | $878.0 | $684 |
| Days on market | 2 | 71 |
Jul 20, 2026
$499,900
Initial Listing
Jul 18, 2023
$485,000
Public Record