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Foreclosure Deal At Top Building On Wilshire Corridor |The Remington|

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10727 Wilshire Blvd. LA CA 90024
|The Remington|

A 9th floor 2+2, 1,697 sq ft unit just came on the market as a bank owned Foreclosure unit with an asking price of $949,000. The last time something in the Remington sold for under $1M was back in 2004 for a 3rd floor unit. This is an incredible price in this newer Wilshire Corridor building.

Currently there is 1 unit in escrow in the building and the last two condos that closed in the building sold on the 7th floor on 5/13/10 for $1,150,000 and on the 12th floor on 4/7/10 for $3,350,000. Additionally, there are 8 total active units in the building ranging from $949,000 for the above mentioned condo up to $10,000,000 for PH5. The average asking price of the 8 units is $4,257,625. Excluding the two penthouse units, the average price for the remaining 6 units is still over $2m at $2,510,167.

The Remington, completed in 2002, is rated by most as one of the top 5 buildings on the Wilshire Corridor with it's luxurious white glove service and amenities; valet service, door man, concierge, abundant staff, on site management, sitting room, banquet room, pool, gym, wine lockers, extra storage, direct elevators into your unit and more.

Feel free to contact me this weekend to get in on this deal.