10551 Wilshire Boulevard 403, Los Angeles, California 90024, Los Angeles, 90024 - 2 bed, 3 bath
10551 Wilshire Boulevard 403
Los Angeles, California 90024
Property Price
SUMMARY
Analysis of 10551 Wilshire Boulevard 403, Los Angeles, California 90024 is currently available with a list price of $795,000. 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.
The property, built in 1982, is clean and functional, making it move-in ready. However, despite the description of 'granite counters and stainless appliances' in the kitchen, the images reveal dated white cabinets, a large fluorescent panel light, and what appears to be solid surface countertops rather than granite. The bathrooms also feature dated vanities, tiled countertops, and light fixtures. The presence of parquet flooring and older carpeting further indicates that while the unit has been maintained and possibly updated, these renovations likely occurred 15-25 years ago, showing signs of being outdated rather than modern. Minor updates would be required to bring the aesthetic up to current 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
Situated on the prestigious Wilshire Boulevard, offering exceptional proximity to Westwood Village, Century City, and UCLA.
- Comprehensive Full-Service Amenities
The Regency Wilshire provides extensive amenities including 24-hour valet/doorman, secured lobby, pool, spa, fitness center, and guest parking.
CONSRISKS & DEFICIENCIES
- Substantial Monthly Association Fees
The high monthly association fee of $2,505 significantly adds to the cost of ownership and may deter some buyers.
- History of Price Reductions
Multiple price adjustments since the initial listing indicate potential market resistance or an initial overvaluation.
- Potential for Dated Finishes
While move-in ready, the 1982 build year and mention of 'parquet floors' suggest some elements may not align with current luxury design trends, potentially requiring future aesthetic updates.
About 10551 Wilshire Boulevard 403
Stunning 2-bed, 2.5-bath unit on the 4th floor of the full-service Regency Wilshire. At 1,505 sq ft, this move-in-ready home features parquet floors, high ceilings, and serene pool views from your private balcony. The open kitchen has granite counters and stainless appliances. Living room with fireplace, dining area with wet bar and built-ins. In-unit laundry, powder room, and side-by-side washer/dryer.The Regency Wilshire offers 24-hour valet/doorman, secured lobby, pool, spa, fitness center, and guest parking. Impeccably maintained and professionally managed. Steps from Westwood Village, Century City, UCLA, and everything the Corridor has to offer.
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
- $2505.0 / 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 | 1,505 | 1,828 | 39% |
| Lot Size | 26,408 | 32,849 | 44% |
| Price | $795.0K | $1.26M | 23% |
| Price per sq ft | $528 | $722 | 9% |
| Built year | 1982 | 1982 | 50% |
| HOA | $2505.0 | $2.1K | 61% |
| Days on market | 116 | 191 | 16% |
Pricing History
Listed for Sale
Feb 6, 2026
$795,000
$849,999
-6% Price Drop
Initial Listing
Price Change
Jan 6, 2026
$849,999
$899,000
-5% Price Drop
Initial Listing
Price Change
Nov 25, 2025
$899,000
$925,000
-3% Price Drop
Initial Listing
Price Change
Nov 10, 2025
$925,000
Initial Listing
Sold
Mar 25, 2005
$650,000
Public Record