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1940 N Highland Avenue 59, Los Angeles, California 90068, Los Angeles, 90068 - 2 bed, 2 bath

1940 N Highland Avenue 59, Los Angeles, California 90068 home-pic-0
ACTIVE$599,000
1940 N Highland Avenue 59, Los Angeles, California 90068
2Beds
2Baths
1,434Sqft
65,553Lot
Year Built
1982
Close
-
List price
$599K
Original List price
$800K
Price/Sqft
$418
HOA
$953.53
Days on market
-
Sold On
-
MLS number
24425087
Home ConditionExcellent
Features
Good View: Pool
Pool
Spa
ViewPool

About this home

We found 3 Cons,5 Pros. Rank: price - $599.0K(50th), sqft - 1434(78th), beds - 2(50th), baths - 2(50th).

We are throwing the baby out with the bath water! FINAL PRICE REDUCTION! Showings by listing agent only, accompanied with prior appointment. Unit is in the rear of the building, so no Highland high traffic noise. Quiet backside penthouse unit facing pool area, remodeled top floor condo in an amenities filled building close to Hollywood walk of fame and the Hollywood Bowl. Hardwood floor, newer central air conditioning and heat, stainless appliances, and brand new refrigerator. Pool, jacuzzi, gym and BBQ area. 20' high ceilings with upstairs office area/den. Side by Side gated parking. Hardwood floor throughout. 16 guest parking spaces. Inside stacked laundry. Easy walking distance to shopping and Griffith Park trails. Showings available with 24-hour notice. Appointment is necessary as listing agent is based in Orange County. HOD includes earthquake insurance. No special assessment or pending assessment. Everything has been paid for.

Nearby schools

4/10
Selma Avenue Elementary School
Public,•K-6•0.5mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•1.3mi
6/10
Hollywood Senior High School
Public,•9-12•0.6mi

Price History

Date
Event
Price
04/11/11
Sold
$289,000
10/06/06
Sold
$605,000
08/07/03
Sold
$428,000
03/30/01
Sold
$250,000
12/30/96
Sold
$124,000
Condition Rating
Excellent
Despite being built in 1982, the property has undergone an extensive and recent renovation, as evidenced by the 'remodeled top floor condo' description and the visual cues in the images. The kitchen features modern stainless steel appliances, including a brand new refrigerator, updated cabinetry, and contemporary countertops and backsplash. Both bathrooms are fully updated with modern vanities, fixtures, and tiling. Hardwood floors are present throughout, and the property boasts newer central air conditioning and heat. All components appear virtually new and meet current quality standards, indicating no deferred maintenance and minimal physical depreciation.
Pros & Cons

Pros

Prime Location & Quiet Setting: Penthouse unit located in the rear of the building, ensuring quietness away from Highland traffic, while being within easy walking distance to Hollywood Walk of Fame, Hollywood Bowl, shopping, and Griffith Park trails.
Extensive Building Amenities: The building offers a wide array of amenities including a pool, jacuzzi, gym, BBQ area, and a rare 16 guest parking spaces, enhancing lifestyle and convenience.
Modern & Upgraded Interior: The condo is a remodeled top-floor unit featuring hardwood floors throughout, newer central air conditioning and heat, stainless steel appliances, and a brand new refrigerator.
Unique Architectural Design: Boasts impressive 20' high ceilings and an upstairs office area/den, providing a spacious and versatile living environment.
Financial Security & Value Proposition: The HOA includes earthquake insurance, there are no special or pending assessments, and the property has seen a significant price reduction, offering potential value to buyers.

Cons

High Association Fee: The monthly association fee of $953.53 is considerably high, which could impact affordability and long-term ownership costs for potential buyers.
Restricted Showing Logistics: Showings require a 24-hour notice and must be accompanied by the listing agent, who is based in Orange County, potentially creating logistical challenges and delays for interested parties.
Lower-Rated Local Schools: The assigned middle school (Hubert Howe Bancroft Middle School) has a rating of 3, which may be a deterrent for families prioritizing highly-rated public education.

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