Green With Envy - Update 2 (The "Out of the Shadows" Edition)

We profiled the architecturally interesting (funky/cool/ugly, depending on your taste) 825 N. Kings Rd complex first in March when unit #4 went on the market, and updated the sale in July, which saw a relatively significant reduction from list.

We also contemplated whether, given the # of units shown sold in the building, there was additional "shadow inventory" here.

It appears we might have been on to something, as two additional units have come on to the market in the past few weeks. Neither have prior sales history, which would seem to suggest they were developers' units. In addition, the description for one indicates that it is "also for lease".

We disclose a lot of public info here, but I don't like putting individuals names, or even an insinuation of who they are, on the blog - just seems to go too far. Suffice it to say that it appears the original development group and/or "backers" still owns both of these.

Keep in mind that #4 was a 2BR/1.75BA, 1322 sq ft unit that ended up selling for $682,500 in July (prior sale 8/07 for $797k).

Both of these units look to be larger, more upgraded, and better-positioned in the building than #4. Will be interesting to see if they command a 50-100% premium.

825 N. Kings Rd #7
$959,000
2BR / 2 BA
(sq ft not listed)
Beautiful split-level dramatic unit in award-winning masterpiece by architect Lorcan O'Herlihy. Soaring ceilings & Amendium hardwood floors accentuate the sleek minimalist design. Sophisticated kitchen with Boffii cabinets, Miele appliances & large walk-in pantry opens to spacious living & dining area. Ceilings & walls converging at unique angles, the eco-conscious design is light & airy. Upstairs are 2nd bedroom & large master with private patio & well-appointed baths. Also for lease at $5,850.

825 N. Kings Rd #14
$1,249,000
2BR / 2.5 BA
1,490 sq ft
Unbelievable opportunity to own the BEST unit for sale in West Hollywood, in the award winning Habitat 825 by acclaimed architect, Lorcan O'Herlihy. Highly upgraded, this TOP floor split level floor plan (1 common wall) features walls of glass w/3 exposures, custom walnut flooring, a customized dual sided fireplace in liv rm that opens out to the enormous private patio. Boffi kitch w/Miele appliances, upgraded closets, upgraded master bath, custom window treatments & built-in sound. A must see!