10550 Wilshire Boulevard 305, Los Angeles, California 90024, Los Angeles, 90024 - 2 bed, 3 bath
10550 Wilshire Boulevard 305
Los Angeles, California 90024
Property Price
SUMMARY
Analysis of 10550 Wilshire Boulevard 305, Los Angeles, California 90024 is currently available with a list price of $1,250,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1981, this property is over 40 years old. While it boasts unique architectural features like floor-to-ceiling windows and a spiral staircase, and has a 'gourmet kitchen' with granite counters and stainless steel appliances (including a wine fridge), the description explicitly states it 'needs work.' The kitchen cabinets appear to be older, painted white, and the primary bathroom, while spacious with a jacuzzi tub and dual sinks, features styles (like the wainscoting and small hexagonal tiles) that suggest an update from 15-30 years ago rather than a recent renovation. The carpet on the spiral staircase and in the bedrooms may also require updating. Overall, the home is maintained and functional but shows signs of being outdated and requires minor updates or repairs to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
- Prime Wilshire Corridor Location
Prestigious address on Wilshire Boulevard, offering unparalleled access to major LA attractions, employment centers (UCLA, Cedars-Sinai), high-end shopping (Rodeo Drive), and dining in the desirable Westwood - Century City area.
- Distinctive Architectural Design
Unique loft-style, New York vibe corner unit with architectural appeal, featuring 2-story high floor-to-ceiling windows, a dramatic spiral staircase, high ceilings, and ample wall space for art, creating a sophisticated and artistic ambiance.
CONSRISKS & DEFICIENCIES
- Requires Significant Updates/Work
The property description explicitly states it 'needs work,' indicating that a buyer should anticipate additional investment for renovations or upgrades to meet modern luxury standards.
- Very High Monthly Association Fees
A substantial monthly association fee of $2,770 significantly increases the total cost of ownership and could deter some potential buyers.
- Recent Price Reduction
A 'HUGE PRICE REDUCTION' from the original list price suggests the property may have been initially overpriced or faced challenges in attracting buyers at its previous valuation.
About 10550 Wilshire Boulevard 305
HUGE PRICE REDUCTION! Stunning loft-style New York vibe corner unit with architectural appeal and concierge living at Wilshire Thayer! Contemporary high-volume 2 bedroom, 2.5 bath pied-a-terre, featuring 2-story high floor-to-ceiling Roman-style window, gorgeous hardwood floors, dramatic 3-dimensional spiral staircase, massive wall space for fine art, bold visuals throughout, and enough flex-space for media, even a Baby Grand. This stylish showpiece needs work, but is bursting with artistic flair - ideal floorplan for entertaining! Gourmet kitchen, granite counters, wine fridge, kitchen counter/bar, pantry built-ins and and bonus workspace. Expansive Primary: floor-to-ceiling closets, built-ins, walk-in, dual sinks, large jacuzzi tub, separate shower, separate bidet and commode. Ensuite Second Bedroom can be an artist's retreat or in-home office. Elevator access to both levels, enclosed laundry, bonus storage/closets. 24-hour Doorman/Concierge. Fantastic location near UCLA, Cedars-Sinai, Rodeo Drive, Restaurant Row, Century City. All this, a short drive to scenic Paradise Cove. Valet entry/exit on Thayer. High-volume flex-space corner units of this caliber are scarce - WRITE AN OFFER!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- 18,568 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $2770.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Fairburn Avenue Elementary School
Grades K-5 • 0.2 mi
Warner Avenue Elementary School
Grades K-5 • 0.5 mi
Nora Sterry Elementary School
Grades K-5 • 1.5 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 | 3.0 | 3.0 | 50% |
| Square foot | 2,146 | 1,836 | 61% |
| Lot Size | 18,568 | 32,849 | 37% |
| Price | $1.25M | $1.26M | 49% |
| Price per sq ft | $582 | $722 | 16% |
| Built year | 1981 | 1982 | 46% |
| HOA | $2770.0 | $2.1K | 66% |
| Days on market | 204 | 193 | 58% |
Pricing History
Listed for Sale
Dec 6, 2025
$1,250,000
$1,399,000
-11% Price Drop
Initial Listing
Price Change
Aug 14, 2025
$1,399,000
Initial Listing
Sold
Feb 14, 2001
$547,500
Public Record