950 N. Kings Rd., #236, West Hollywood, CA 90069 – Transaction Details
Date: June 26, 2015
Property Type: 2 Bedroom, 2 Bathroom, 994 Square Foot Condominium
Purchase Price: $565,000.00
Year Built: 1973
Description: Represented a first-time home-buyer with this beautifully updated condominium in the heart of West Hollywood.
950 N. Kings Rd., #236, West Hollywood, CA 90069 – Transaction Summary
After a long search that included losing out on several properties to overly aggressive buyers willing to pay above market, this patient buyer finally found her perfect home. Situated on the exterior portion of the popular Courtyards complex in West Hollywood, this condominium has all the benefits of a large HOA, including a pool, gym, on-site manager, included utilities and a repair man, and healthy reserves, but also has the benefit of a peaceful and quiet street view. The inspection process revealed a significant problem with the chimney and fireplace, but with cooperation from the seller and HOA, our buyer was able to negotiate a substantial credit to offset the cost of any necessary repairs, which also reduced the need for our buyer to pay out-of-pocket for closing costs. What’s more, even with the unexpected chimney issue, we were able to close the deal after a very short 25-day escrow period. At only $565,000, with other similar units in the building selling for over $580,000, the value on this unit cannot possibly be beaten. This client and deal is the perfect example of how patience, and a cool head, often pays off. In the end, we and our client could not possibly be happier with this beautiful unit on Kings Rd.
For more information on this transaction or to discuss any other questions you may have concerning the Los Angeles real estate market, contact Esquire Real Estate Brokerage, Inc. at 213-973-9439 or firstname.lastname@example.org.