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7320 Hawthorn Avenue 401, Los Angeles, California 90046, Los Angeles, 90046 - 2 bed, 2 bath

7320 Hawthorn Avenue 401, Los Angeles, California 90046 home-pic-0
ACTIVE$725,000
7320 Hawthorn Avenue 401, Los Angeles, California 90046
2Beds
2Baths
1,100Sqft
36,450Lot
Year Built
1985
Close
-
List price
$725K
Original List price
$800K
Price/Sqft
$659
HOA
$820
Days on market
-
Sold On
-
MLS number
25514453
Home ConditionGood
Features
Good View: City Lights
Deck
Pool
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $725.0K(52th), sqft - 1100(50th), beds - 2(50th), baths - 2(50th).

Experience resort-style living in this desirable corner unit at Hollywood Regis. This bright and airy residence features a spacious living room with a cozy fireplace and floor-to-ceiling glass doors that open to a private balcony, showcasing city views from each room. The thoughtfully designed layout includes a generous bedroom, a newly renovated kitchen, a convenient in-unit washer and dryer, and two dedicated parking spaces. Residents enjoy premium amenities, including an onsite night guard, a secure access-controlled entrance, and a state-of-the-art fitness center. Ideally situated in the heart of Hollywood, just moments from Runyon Canyon, shopping, and dining.

Price History

Date
Event
Price
04/29/22
Sold
$810,000
11/13/20
Sold
$715,000
01/31/08
Sold
$585,000
Condition Rating
Good
The unit features a 'newly renovated kitchen' as per the description, and the living areas display modern aesthetics with updated large-format tile flooring, recessed lighting, and a clean, contemporary style. While the building was constructed in 1985, the interior unit appears to have undergone significant updates, making it move-in ready. The visible bathroom, though not ultra-modern, is clean, functional, and well-maintained, fitting within the 'Good' category's allowance for some components being updated without a full recent renovation.
Pros & Cons

Pros

Prime Hollywood Location: Ideally situated in the heart of Hollywood, offering immediate access to popular attractions like Runyon Canyon, shopping, and dining.
Resort-Style Amenities: Residents benefit from premium building amenities including an onsite night guard, secure access-controlled entrance, and a state-of-the-art fitness center, enhancing the living experience.
Desirable Corner Unit with Views: This bright and airy corner unit features city views from each room and a private balcony, providing an enhanced sense of space and natural light.
Modern Unit Features: The residence boasts a newly renovated kitchen, a cozy fireplace, floor-to-ceiling glass doors, and the convenience of an in-unit washer and dryer.
Dedicated Parking: The inclusion of two dedicated parking spaces is a significant advantage in a high-density area like Hollywood, adding value and convenience.

Cons

High Monthly Association Fee: The $820.0 monthly association fee is substantial and adds significantly to the ongoing cost of ownership, which could impact affordability for some buyers.
Significant Price Adjustment: The current list price of $725,000 is a notable reduction from the original list price of $799,999 and is also lower than the last sale price of $810,000 in April 2022, potentially indicating market challenges or a need for a quicker sale.
Building Age: Constructed in 1985, the building is nearly 40 years old. While the unit has a renovated kitchen, the age of the overall building may lead to higher maintenance costs or potential future assessments for common area upgrades.

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