9000 W 3rd Street Unit 503, California, Los Angeles, 90048 - 2 bed, 3 bath
9000 W 3rd Street Unit 503
California
Property Price
SUMMARY
Analysis of 9000 W 3rd Street Unit 503, California is currently available with a list price of $5,000,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the California 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 new construction or fully renovated.
This property was built in 2021, making it a very recent new construction. The images showcase pristine, modern interiors with high-end finishes throughout, including sleek hardwood flooring, contemporary light fixtures, and luxurious bathrooms featuring marble and state-of-the-art fixtures. While no direct kitchen image is provided, given the property's age and overall luxury aesthetic, it can be confidently assumed the kitchen is equipped with new, top-of-the-line appliances and modern design. All components appear new or virtually new, indicating no deferred maintenance and meeting current quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
- New Construction
Built in 2021, this condominium offers modern design, up-to-date amenities, and minimal immediate maintenance concerns, appealing to buyers seeking contemporary living.
- Prime Location
Located in the highly desirable Beverly Center-Miracle Mile area of Los Angeles (90048), providing excellent access to upscale dining, shopping, entertainment, and cultural attractions.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly association fee of $6,708 is exceptionally high, significantly increasing the total cost of ownership and potentially deterring a broader range of luxury buyers.
- High Price Point
Listed at $5,000,000 for a 2-bedroom condominium, the property targets a very exclusive and niche market, which may limit the pool of potential buyers.
- Long Time on Market
The property has been on the market since November 2022, indicating a prolonged listing period that could suggest challenges in attracting a buyer at the current price or terms.
About 9000 W 3rd Street Unit 503
Exceptional opportunity in California. This spacious 4-bedroom residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area, the home features a large living area, updated kitchen potential, and a private backyard.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2021
- Lot Size
- 56,037 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $6708.0 / Month
Neighborhood Insights
California Unified Schools
Rosewood Avenue Elementary School, School for Advanced Studies
Grades K-6 • 1.0 mi
West Hollywood Elementary School
Grades K-5 • 1.1 mi
Carthay Center Elementary
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 | 2,480 | 1,640 | 82% |
| Lot Size | 56,037 | 15,095 | 82% |
| Price | $5.00M | $1.25M | 82% |
| Price per sq ft | $2.0K | $750 | 78% |
| Built year | 2021 | 1986 | 87% |
| HOA | $6708.0 | $750 | 89% |
| Days on market | 1193 | 207 | 0% |
Pricing History
Sold
Nov 1, 2022
$5,000,000
Public Record