Lately I've been viewing and showing condos and townhomes in Studio City, Sherman Oaks, Burbank, Toluca Lake, North Hollywood...there are lots of nice, and not so nice, properties on the market now. Here's a sample of what I've seen.
First, there's 11485 Camarillo #3 in Studio City (pictured above) for $409,000. Another fixed up unit in the building was on the market for months, and never sold. So I thought the price for this might be a little high. But no -- I'm told it is already in escrow (after three days on the market) for over list price. Just shows what fixing and staging can do, and it doesn't hurt that the townhouse is very close to Tujunga Village.
If you're looking for good deals on condos and townhomes, Granada Hills has several. Most of the units there have nice square footage, private garages, and are in large complexes with amenities. The one pictured above, on Crestview, has a gorgeous view of the entire San Fernando Valley. Yes, Granada Hills is quite far north, and the community doesn't have a lot to boast about, but you can get units like this in the lower $400,000's.
Here's another great townhome on Camarillo in Toluca Woods. It's in escrow now. It has three stories, the building is beautiful, and it has a roof-top patio. Less than 1,000 sf, it was listed for $390,000. Worth every penny, IMO.
It's common for buyers to want to overlook condos in older buildings. I get it, but that might deserve a re-think. I've seen several condos in older buildings on Dickens in Sherman Oaks, like the one above. Yes, they look like apartments inside, but huge apartments! And the buildings are amazingly well-kept up by their activist HOAs. Condos in buildings like this can go for the $340k's up to $500's, with most being in the low to mid-$400's.
Finally, there's this one in Burbank. It's the cheapest unit on the market at $320,000. There's a reason it's so cheap. The best I can say about it is that the neighborhood is nice.
Inventory is not as short for Los Angeles condos and townhomes, so there are still plenty of nice units out there.
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