1234 Wilshire Boulevard 331, Los Angeles, California 90017, Los Angeles, 90017 - 2 bed, 2 bath

1234 Wilshire Boulevard 331, Los Angeles, California 90017 home-pic-0
ACTIVE$550,000
1234 Wilshire Boulevard 331, Los Angeles, California 90017
2Beds
2Baths
960Sqft
71,352Lot
Year Built
2006
Close
-
List price
$550K
Original List price
$570K
Price/Sqft
$573
HOA
$893.63
Days on market
-
Sold On
-
MLS number
25488831
Home ConditionGood
Features
Good View:
Deck
Pool
Spa
View

About this home

We found 3 Cons,5 Pros. Rank: price - $550.0K(50th), sqft - 960(69th), beds - 2(66th), baths - 2(50th).

Welcome to Vero, a luxury mid-rise condominium in the heart of Downtown Los Angeles on Wilshire Boulevard. This stylish and sophisticated residence offers the perfect blend of modern living and urban convenience, just minutes away from LA Live, Crypto.com Arena, Nokia Theatre, and world-famous restaurants. Vero boasts resort-style amenities designed for comfort and relaxation, including a sparkling pool, therapeutic spa, dry cedar saunas, a state-of-the-art fitness center, and an amenity deck with luxury lounge seating, barbecues, and fire tables. Additional conveniences include a community business center/library, elegant lobby, and Wi-Fi in common areas. For your security and peace of mind, the community offers 24-hour front desk security, on-site management, and emergency services. Conveniently located just off the 110 Freeway and steps from the Good Samaritan Hospital, this prime location offers easy access to all that Los Angeles has to offer. Don't miss the opportunity to own a stunning home in this highly sought-after community. Experience the ultimate urban lifestyle at Vero!

Price History

Date
Event
Price
06/23/15
Sold
$577,000
05/04/09
Sold
$393,000
02/23/07
Sold
$507,000
Condition Rating
Good

Built in 2006, this condominium is 18 years old, fitting within the 'Good' category's age range. The images reveal a move-in ready unit with a modern kitchen featuring stainless steel appliances, dark wood cabinetry, and granite countertops. Bathrooms are also contemporary with tile flooring, dark wood vanities, and granite. Hardwood floors in living areas and clean carpets in bedrooms indicate good maintenance. While not newly renovated, the property shows minimal wear and tear, and its style and features are current and functional, requiring no immediate updates.
Pros & Cons

Pros

Prime Downtown LA Location: Situated in the heart of Downtown Los Angeles on Wilshire Boulevard, offering unparalleled access to LA Live, Crypto.com Arena, Nokia Theatre, and world-class dining and entertainment.
Extensive Resort-Style Amenities: The Vero community boasts a sparkling pool, therapeutic spa, dry cedar saunas, a state-of-the-art fitness center, and an amenity deck with luxury lounge seating, barbecues, and fire tables.
Robust Security & On-Site Management: Provides peace of mind with 24-hour front desk security, dedicated on-site management, and emergency services.
Modern Construction & Luxury Building: Built in 2006, this luxury mid-rise condominium offers modern living spaces within a well-maintained and contemporary building.
Excellent Accessibility: Conveniently located just off the 110 Freeway and steps from Good Samaritan Hospital, ensuring easy vehicular access and proximity to essential services.

Cons

High Monthly Association Fee: The association fee of $893.63 is substantial and significantly adds to the overall monthly cost of ownership.
Limited Interior Space: At 960 square feet for a 2-bedroom, 2-bathroom unit, the living space may be considered compact for some buyers, potentially limiting flexibility.
Recent Price Reduction/Market Value Concerns: The current list price of $550,000 is lower than its original list price of $570,000 and also below its 2015 sale price of $577,000, which may indicate a market adjustment or raise questions about current market value and appreciation potential.

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