My God, Man ... It's Only a Condo

935 Westbourne Dr. #103
$960,000
3BA / 2.5BA
1,800 sq ft
$697/mo HOA
"flip condition"

Highly sought after 3 bedroom 3 bath SINGLE story unit located on one of the most desirable street's in West Hollywood. Unit has been completly remodeled including granite countertops, stainless steel appliances, wood floors thorough out. Unit features 2 balconies one east facing one west facing offering views of both the street front and the buildings private pool and gym. 2 wood burning fireplaces Living room and Master suite. Contact me quickly and bring your most discriminating buyers . .. this one will not last long !!

I know there is a market for "high-end" (nice area, large living space, amenities) condos. In fact, I'd put yours truly in that category - no kids, "mobile" lifestyle, etc.

However, even in today's still low-rate environment, it's really dawned on me recently how absurd a nearly $1mm condo seems (and you can put smaller SFRs in that category as well). With 20% (yes, that's almost $200k) down, you're looking at approx $5k/month for this property, given the high HOAs.

I said "flip condition" due to our favorite twins of SS appliances and granite countertops, although in fairness, I couldn't find a prior sale. There does appear to be a past NOD which seems to have been recently resolved, and it looks like the building might have some kind of assessment being paid (Redfin shows an "Dues #1" of $697 and a "Dues #2" of $50).