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1223 Larrabee Street 7, West Hollywood, California 90069, West Hollywood, 90069 - 2 bed, 3 bath

1223 Larrabee Street 7, West Hollywood, California 90069 home-pic-0
ACTIVE$1,350,000
1223 Larrabee Street 7, West Hollywood, California 90069
2Beds
3Baths
1,551Sqft
7,001Lot
Year Built
2016
Close
-
List price
$1.35M
Original List price
$1.48M
Price/Sqft
$870
HOA
$474
Days on market
-
Sold On
-
MLS number
25495227
Home ConditionExcellent
Features
Excellent View: City Lights, Coastline, Hills, Panoramic
Deck
ViewCity Lights,Coastline,Hills,Panoramic

About this home

We found 3 Cons,6 Pros. Rank: price - $1.35M(77th), sqft - 1551(74th), beds - 2(50th), baths - 3(71th).

This fabulous penthouse unit is in a prime and trendy neighborhood of West Hollywood. Enter your living space, with high ceilings & panoramic views! The kitchens feature stainless steel appliances & a counter that doubles as a breakfast bar. Perfect for entertaining, there is also a half-bath for guests. The bonus room upstairs, could be used as a bedroom or office, features more windows letting in abundant natural light, & sliding doors to another balcony. The primary offers tremendous views & has full attached spa like bathroom with shower-tub combo and built out walk-in closets. The building was totally redone over the summer; new siding, stucco, resurfaced decks and balconies. Reserves are over 700K. Don't miss the opportunity to fall in love with this unit for its prime location, luxurious lifestyle, ultra-modern design, generous open floor plan, & stunning views of the city and beyond. A must see!

Nearby schools

9/10
West Hollywood Elementary School
Public,•K-5•0.3mi
4/10
Rosewood Avenue Elementary School, School for Advanced Studies
Public,•K-6•1.0mi
7/10
Gardner Street Elementary School
Public,•K-6•1.9mi
3/10
Laurel Elementary School
Public,•K-8•1.3mi
8/10
Hawthorne Elementary School
Public,•K-8•1.5mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•2.8mi
7/10
John Burroughs Middle School
Public,•6-8•3.4mi
7/10
Fairfax Senior High School
Public,•9-12•1.5mi
9/10
Beverly Hills High School
Public,•9-12•2.6mi
6/10
Hollywood Senior High School
Public,•9-12•2.7mi

Price History

Date
Event
Price
01/19/17
Sold
$980,000
Condition Rating
Excellent
Built in 2016, this penthouse unit is relatively new. The building itself underwent a total renovation 'over the summer,' including new siding, stucco, and resurfaced decks/balconies, bringing its exterior to a virtually new condition. The interior features an ultra-modern design with high ceilings, contemporary wide-plank flooring, and recessed lighting throughout. The kitchen is equipped with sleek white flat-panel cabinetry and modern stainless steel appliances, all appearing in excellent condition. The half-bath shown also features modern fixtures and finishes. The property meets current quality standards with no deferred maintenance and minimal physical depreciation, aligning perfectly with the 'excellent' criteria.
Pros & Cons

Pros

Great Schools: Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
Prime West Hollywood Location: The property is situated in a highly desirable, prime, and trendy neighborhood of West Hollywood, offering a luxurious lifestyle and excellent access to amenities.
Stunning Panoramic Views: As a penthouse unit, it boasts high ceilings and offers tremendous, stunning panoramic views of the city, coastline, and hills from multiple vantage points.
Modern Design & Recent Building Upgrades: The unit features an ultra-modern design with stainless steel appliances and a spa-like primary bathroom. The building itself underwent significant renovations recently, including new siding, stucco, and resurfaced decks/balconies.
Strong HOA Financials: The building's Homeowners Association (HOA) has robust reserves exceeding $700,000, indicating financial stability and good management for future maintenance.
Versatile Layout & High-End Features: The generous open floor plan includes a versatile bonus room that can serve as an additional bedroom or office, a convenient half-bath for guests, and built-out walk-in closets in the primary suite.

Cons

Absence of Cooling System Mention: The property description does not explicitly mention the presence of a cooling system (e.g., air conditioning), which could be a significant drawback for comfort during warmer months in West Hollywood.
High Monthly Association Fee: The monthly association fee of $474.0 is a substantial recurring cost that will add to the overall ownership expenses and may impact buyer affordability.
Recent Price Reduction: The property has seen a significant price reduction from its original list price of $1.48 million to $1.35 million, which might suggest initial overpricing or could raise questions for buyers regarding its current market value.

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