10550 Wilshire Boulevard 501, Los Angeles, California 90024, Los Angeles, 90024 - 2 bed, 4 bath
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10550 Wilshire Boulevard 501
Los Angeles, California 90024
ACTIVE
CONDITION: GOOD
2Beds
4Baths
1,788Sq Ft
18,568Lot Size
Property Price
LIST PRICE$975,000
EST. MARKET VALUE
$1,014,233
3% BelowMARKET VALUE
SUMMARY
This Spacious Condominium is a Strong Value Opportunity, listed at $975,000—positioned well below the $1,014,233 Fair Market Value by 3%. This valuation gap offers $39,233 in Instant Equity for the buyer. Featuring a Good Condition Rating with a renovated kitchen and a desirable split-bedroom layout, the unit provides a luxury lifestyle on the Wilshire Corridor. With proximity to Top-Rated Schools like Fairburn Avenue Elementary, this is an ideal acquisition for Owner-Occupants or sophisticated professionals seeking a move-in ready residence.
Estimated Market Value
$1,014,233+$39,233 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 10550 Wilshire Boulevard 501 Subject 2 bd · 4 ba · 1,788 sqft · $567 | $975,000* List Price | 2 | 4 | 1,788 | $567 | - |
A 10560 Wilshire Boulevard 404 Sold 2 bd · 3 ba · 1,787 sqft · $616 · 0.0 mi | $1,100,000 | 2 | 3 | 1,787 | $616 | 0.0 mi |
B 10660 Wilshire Boulevard 410 Sold 2 bd · 3 ba · 2,177 sqft · $432 · 0.2 mi | $940,000 | 2 | 3 | 2,177 | $432 | 0.2 mi |
C 10640 Wilkins Avenue 103 Sold 2 bd · 3 ba · 1,830 sqft · $525 · 0.4 mi | $960,000 | 2 | 3 | 1,830 | $525 | 0.4 mi |
D 10490 Wilshire Boulevard 1402 Sold 2 bd · 3 ba · 1,682 sqft · $624 · 0.2 mi | $1,050,260 | 2 | 3 | 1,682 | $624 | 0.2 mi |
E 10750 Wilshire Boulevard 505 Sold 2 bd · 3 ba · 1,696 sqft · $537 · 0.4 mi | $910,000 | 2 | 3 | 1,696 | $537 | 0.4 mi |
F 10445 Wilshire Boulevard 504 Sold 2 bd · 2 ba · 1,649 sqft · $485 · 0.2 mi | $800,000 | 2 | 2 | 1,649 | $485 | 0.2 mi |
G 10550 Wilshire Boulevard 305 Sold 2 bd · 3 ba · 2,146 sqft · $524 · 0.0 mi | $1,125,000 | 2 | 3 | 2,146 | $524 | 0.0 mi |
H 10551 Wilshire Boulevard 503 Sold 2 bd · 3 ba · 1,505 sqft · $615 · 0.1 mi | $925,000 | 2 | 3 | 1,505 | $615 | 0.1 mi |
I 10531 Ashton Avenue 202 Active 2 bd · 3 ba · 1,493 sqft · $669 · 0.0 mi | $999,000 List Price | 2 | 3 | 1,493 | $669 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The unit features a renovated kitchen with white shaker cabinetry, stone countertops, and stainless steel appliances. The interior has been updated with modern flooring and lighting, appearing move-in ready. While the building was constructed in 1981, the visible renovations suggest updates within the 5-15 year range, placing it firmly in the 'Good' category.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
- Prime Corridor Location
Situated on the prestigious Wilshire Corridor, the property offers immediate proximity to UCLA, Beverly Hills, and Century City, complemented by luxury full-service amenities including 24-hour valet and concierge.
- Generous & Functional Layout
The spacious 1,788 square foot floor plan features a desirable split-bedroom design, a formal double-door entry, and an unusually high count of four bathrooms, providing exceptional privacy and convenience for residents.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The monthly HOA fee of $2,892.78 is substantial, representing a significant recurring expense that may deter budget-conscious buyers and impact the overall investment yield.
- Aging Building Profile
Constructed in 1981, the property may require interior modernization to compete with newer luxury developments on the Corridor and could be subject to future assessments for building-wide infrastructure updates.
About 10550 Wilshire Boulevard 501
Spacious Unit Type A3 at The Wilshire Thayer on the Wilshire Corridor. 2 bedroom condominium with approximately 1,788 square feet (per floor plan). Baths: primary Jack-and-Jill (one room with stall shower, toilet, and sink; the other with soaking tub, dual sinks, and toilet), plus a guest full bathroom and a powder room off the foyer. Double-door formal entry opens to living and dining with fireplace and balcony, plus a powder room off the entry. Open kitchen with breakfast bar and stainless appliances. Split-bedroom plan: primary suite with Jack-and-Jill bathroom (stall shower and soaking tub) and Jack-and-Jill walk-in closets; second bedroom / family room for flexible use. In-unit laundry. Two parking spaces on the top floor by the elevator. Full-service building with valet and concierge plus on-site management. Near UCLA, Westwood Village, Century City, and Beverly Hills. Offered at $975,000. Monthly HOA (buyer to verify inclusions and assessments). Available for private showings. Seller is a licensed California real estate broker.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- 18,568 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $2892.78 / Month
Neighborhood Insights
Los Angeles Unified Schools
Fairburn Avenue Elementary School
Grades K-5 • 0.2 mi
9/10
Warner Avenue Elementary School
Grades K-5 • 0.5 mi
9/10
Nora Sterry Elementary School
Grades K-5 • 1.5 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 1,788 | 1,252.996 |
| Lot Size | 18,568 | 26,029.603 |
| Price | $975.0K | $778.5K |
| Price per sq ft | $545 | $629 |
| Built year | 1981 | 1981 |
| HOA | $2892.78 | $676 |
| Days on market | 47 | 74 |
Pricing History
Listed for Sale
Sep 23, 2026
$975,000
Initial Listing
Sold
Feb 28, 2020
$967,000
Public Record
Sold
Feb 22, 2013
$520,000
Public Record
Sold
Oct 8, 1997
$394,000
Public Record