Friday, August 7, 2009

Luminaire on Sale: 928 Croft in West Hollywood Slashes Prices

928 Croft WeHoWe've previously written about the Luminaire at 928 Croft Avenue in West Hollywood's Melrose Place Design District and how this 12-unit complex is well-located, has great layouts, superior finishes and feels like a high-end project that one would be delighted to come home to.

928 Croft WeHoBut now, the Luminaire's "value proposition" gets better: prices have been slashed. Two units are currently in escrow, and the prices of the other ten units have been reduced to an average of $511/sq ft.

928 Croft WeHoSale Prices at the Luminaire:

Updated 4/26/10: 8 of 12 units have sold, from $420 - $500/sq ft. 3 units are still for sale.

  • #101 - 2,053 sq ft, 120 sq ft patio - $1,095,000 (now $949,000)
  • #102 - 2,247 sq ft, 275 sq ft patio - $1,195,000 (now $1,099,000)
  • #103 - 2,413 sq ft, 835 sq ft patio - $1,250,000 (in contract)
  • #201 - 2,053 sq ft, 44 sq ft patio - $995,000 (sold $864,500, $421/sq ft)
  • #202 - 1,379 sq ft, 72 sq ft patio - $595,000 (sold $575,000, $426/sq ft)
  • #203 - 1,661 sq ft, 26 sq ft patio - $795,000 (sold $769,000, $462/sq ft)
  • PH301 - 2,053 sq ft, 44 sq ft patio - $1,095,000 (sold $950,000, $462/sq ft)
  • PH302 - 1,106 sq ft, 108 sq ft patio - $575,000 (sold $550,000, $497/sq ft)
  • PH303 - 2,128 sq ft, 108 sq ft patio - $1,195,000 (price unchanged)
  • PH304 - 2,337 sq ft, 52 sq ft patio - $1,225,000 (sold $1,125,000, $481/sq ft)
Take a look now, the more affordable units should sell quickly. There have been few sales of condos units in West Hollywood priced over $1 million, however, buyers might indeed step up and purchase some of these excellent, jumbo units.

Sold by deasy/penner & partners

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