
Los Angeles, California 90024
This property presents a High-Potential Investment Opportunity with a List Price of $2,095,000—positioned well below the $2,178,077 Fair Market Value by 3%. This valuation gap offers $83,077 in Instant Equity for buyers. Featuring a Condition Rating of 5, this 2,036 sq. ft. unit in the iconic Wilshire House requires a full renovation. With panoramic city and mountain views and proximity to Warner Avenue Elementary (9/10), this is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a luxury project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10601 Wilshire Boulevard 1601 Subject 2 bd · 3 ba · 2,036 sqft · $883 | $2,095,000* List Price | 2 | 3 | 2,036 | $883 | - |
A 10727 Wilshire Boulevard 404 Sold 3 bd · 4 ba · 2,651 sqft · $830 · 0.2 mi | $2,200,000 | 3 | 4 | 2,651 | $830 | 0.2 mi |
B 10580 Wilshire Boulevard 6nw Active 2 bd · 3 ba · 2,260 sqft · $1,106 · 0.1 mi | $2,499,000 List Price | 2 | 3 | 2,260 | $1,106 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1982 (42 years old) and explicitly marketed as a 'fixer-upper' sold 'As-Is' following a foreclosure. The interior photos show dated 1980s-style bathrooms with original cabinetry and brass fixtures, requiring a full gut renovation to meet modern luxury standards.
Elementary School: Warner Avenue Elementary School (9/10).
Located in the ultra-exclusive Wilshire House, this 'A' class full-service high-rise offers premier security, privacy, and a prestigious address on the famed Wilshire Corridor.
Perched on the 16th floor, the unit features floor-to-ceiling windows and wraparound balconies providing spectacular, unobstructed views of the mountains and city lights.
The property is being sold in its current 'As-Is' condition following an association foreclosure, requiring a total renovation and offering no representations or warranties.
With an association fee of $3,896 per month, the ongoing ownership costs are significant, which may impact the overall investment return for some buyers.
Exceptional opportunity to acquire a spacious 2Bed. fixer-upper condo perched high-up on the 16th floor with serene, coveted mountain & spectacular City views in the Iconic Wilshire House, LA's premier exclusive high-rise building on famed Wilshire Corridor. A formal entry gallery leads to a spacious & bright living & dining room with breathtaking vistas. Great-sized primary bedroom with generous walk-in closet and a multipurpose 2nd bedroom en-suite. Wraparound balconies with floor-to- ceiling windows throughout. Dedicated EV charging station. Great potential to transform/ re-imagine the unit & create an ultimate luxury property. The ultra-exclusive Wilshire House, an "A" class Full-Service condominium high-rise conceived to create an environment fulfilling the needs & complimenting the lifestyle of estate residents while providing the utmost security, privacy and quality. The building's Association foreclosed on the property. Property is being sold in its "As-Is" & "Where-Is " condition without any representations or warranties. Contact L.A. on disclosures on the property.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 9-12 • 1.9 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,036 | 1,252.996 |
| Lot Size | 39,487 | 26,029.603 |
| Price | $2.10M | $778.5K |
| Price per sq ft | $1.0K | $629 |
| Built year | 1982 | 1981 |
| HOA | $3896.0 | $676 |
| Days on market | 35 | 74 |
Oct 5, 2026
$2,095,000
Initial Listing