Rich Kids Real Estate Blog

Hot Topics in Real Estate and LA Life

Hot Prop of the Day - The Granville/WeHo - 2br/2ba - $950,000

granville-living-roomEvery time I drive by The Granville (corner of Sunset and Crescent Heights), I am always in awe of the buildings grandeur. Once a hotel many years back, The Granville merges elegance of years gone by with a close proximity to all of the Sunset Strip’s hot spots in a full service setting. Today’s hot prop is one of the most unique two bedroom condos I have seen in a long time. Located on the first floor in the front of the building, this unit was once the hotel’s lavish restaurant. The living room has these 10 foot coffered ceilings that are absolutely spectacular. Other interior features include: cherry hardwood floors throughout, wrap around private balcony, elaborate arched french doors, and a gourmet kitchen with customized Sub Zero fridge. This is not your cookie cutter condo! There is another 2 bedroom unit in the building that is priced at $850,000, beautifully done, and was a close contender to be the Hot Prop. I ultimately chose the one I reviewed today because it really has a special feel to it! Because this building is considererd a piece of LA history,  the unit falls under the “Mills Act” which provides you with a substantial property tax break (about 60% off your tax bill).

1424 North Crescent Heights #10, West Hollywood, CA 90069 - 2br/2ba, Roughly 1325 sq ft - $950,000 (also available for lease at $4000)

Historic Granville.Very special remodeled 2BD/2BA unit features European luxury w/10′ coffered ceilings, crown moldings, polished cherry wood floors, gourmet kit, wrap around pvt balc w/ two sets of arched Fr drs opening to charming fountain. 3-way exposure + courtyard view. W/D in unit. Close to shops, restaurants, & theaters. Full service building w/ pool, newly landscaped gardens, & 24-hr security. Mills Act reduces Property Taxes. Also for lease @ $4,000. Pristine move-in condition Listed by Sotheby’s International Realty

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