10551 Wilshire Boulevard 1002, Los Angeles, California 90024, Los Angeles, 90024 - 2 bed, 3 bath
10551 Wilshire Boulevard 1002
Los Angeles, California 90024
Property Price
SUMMARY
Analysis of 10551 Wilshire Boulevard 1002, Los Angeles, California 90024 is currently available with a list price of $1,530,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
The property, built in 1982, features a recently remodeled kitchen and primary bathroom, both showcasing modern white cabinetry, stone countertops, and contemporary appliances/fixtures. These key areas are in excellent condition. However, other parts of the condo, such as the parquet flooring in the main living areas, the secondary bathroom, and the bedroom carpets, appear dated or show signs of wear, indicating that the property has not undergone a full, comprehensive renovation. It is move-in ready, but a new owner might consider updating these remaining areas.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
- Prestigious Location
Situated on the highly desirable Wilshire Corridor, offering a prime Los Angeles address with excellent access to amenities and cultural hubs.
- Spacious & Bright Interior
Boasting nearly 2,400 sqft with a large, open floor plan, abundant natural light from expansive windows, and distinct living, dining, and family room areas.
CONSRISKS & DEFICIENCIES
- Substantial Monthly Association Fees
The high monthly association fee of $2,575.00 represents a significant ongoing cost for ownership.
- History of Price Reductions
The property has undergone multiple price reductions from its original listing, which may suggest market resistance or an initial overvaluation.
- Potential Lack of Modern Cooling System
The property description does not explicitly mention a central air conditioning system, which could be a consideration for comfort during warmer periods in Los Angeles, especially for a building constructed in 1982.
About 10551 Wilshire Boulevard 1002
Great condo on the Wilshire Corridor in the Wilshire Regency just under 2,400 sf. Located on the "back" of the building with beautiful views of Holmby Hills and UCLA. Large open floor plan with large windows and tons of light, family room/tv room, living room and dining all flow open to each other. The kitchen is remodeled with white cabinets and stone countertops, a great center island and newer appliances. Huge primary bedroom with 3 walk-in closets and views of Holmby Hills. The primary bath is remodeled with white cabinets and stone countertops. The second bedroom is ensuite and a great size. Full service building with valet, doormen, parking, storage, pool, gym, and recreation room for entertaining large groups.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1982
- Lot Size
- 26,408 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $2575.0 / 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 | 2,393 | 1,836 | 73% |
| Lot Size | 26,408 | 32,849 | 43% |
| Price | $1.53M | $1.26M | 63% |
| Price per sq ft | $639 | $731 | 22% |
| Built year | 1982 | 1982 | 50% |
| HOA | $2575.0 | $2.1K | 63% |
| Days on market | 247 | 197 | 75% |
Pricing History
Listed for Sale
Jan 8, 2026
$1,530,000
$1,595,000
-4% Price Drop
Initial Listing
Price Change
Aug 14, 2025
$1,595,000
Initial Listing
Price Change
Jul 2, 2025
$1,675,000
Initial Listing
Sold
Feb 3, 1995
$402,000
Public Record