(310) 388-7332 jamesc2@gmail.com

10982 Roebling Ave | Club California

Club California
10982 Roebling Ave
Los Angeles CA 90024

Club California is a low rise courtyard-style condo building located in Westwood walking distance to UCLA. There are 212 condos in Club California which are 80% 1 bedrooms. California Club is one of two large condo complexes in the UCLA area, the other is the highrise 969 Hilgard. What makes Club California different from other 5-10 unit condo’s in the area is it’s many amenities and right next to UCLA location. California Club is located in the city of Westwood and just a 5-minute walk to UCLA and Westwood Village.

Club California was built in 1973 as an apartment complex and then converted to condominiums in 2005-2006. Low Prices

Walk to UCLA + Medical school

Only 30% of Club California condos are owner-occupied which means 70% are rentals. This can cause a problem when trying to get a loan for a new purchase because most lenders like to see no more than 50% of the condos being used as rentals. Don’t be discouraged – there are lenders out there who will lend in this building you just have to look.

Location

Real Estate

 

Record Sale? $800,000 #533 8/23/2018

Turover Ratio?

Appreciation?

California Club was an apartment conversion, which means that there are thinner walls, community laundry room, and wall AC which is typical for condo conversions. The Developer had one standard finish package that they did for each unit. The kitchens look like this:

Condo Mix
Type# of CondosSqft
1 Bedroom172800sqft to 400 sqft
2 Bedrooms381250sqft 850 sqft
3 Bedrooms 21400sqft

California Club is 80% 1 bedrooms which rent for $2,000/month and the rest is 2 bedrooms that rent for $3,200.

HOA dues are low at $400 per month but expect a less frequent maintenance routine like carpet cleaning in the hallways.

Prices for 2bedroom prices peaked in 2006 at $700,000-$750,000. There is a 2 bedroom that just came on the market testing $700,000 price mark again. The other 2 bedrooms that have sold so far $600,000.

One bedrooms are selling for $400,000 but peaked in 2006 for $550,000. The studios currently are selling at $300,000. Most units have a private balcony.

Some of the floor plans are townhome style, but the majority are single-story floor plans.

Typically about 15 condos sell a year which is a turnover ratio is ~7%.

California Club Amenities

Pool, (no spa) the pool is outside and faces south. It has lounge chairs for tanning and hanging out poolside on a hot summer day. There are two outdoor BBQs. There once was a Cabana but the HOA removed it.
Gym, the gym has small flat-screen TV on the wall so you can watch your favorite TV show while you work out. The gym has a good combination of Cardio equipment: Treadmills, ellipticals, cycling machines, and strength training: circuit machines and free weights. There’s also space to do stretching, yoga, pilates, etc.

Lobby

Lounge with Billard tables, There is a large lounge for hanging out with wifi, a TV, a bar, a pool table, card tables and chairs, and a Juke Box! This is a Great area for studying or hosting a party for a special event.
Basketball Court (Halfcourt) Practice those free-throws play a game of pig, or a pickup game. A Basketball court is a very uncommon amenity. Usually, you have to go to a park nearby to play basketball.

Security Cameras

4 Elevators

Parking & Laundry

There are two community laundry rooms on the property. Sorry, no unit laundry can be installed in each condo.
There are 2 levels of parking garages and 306 total parking spaces. The parking spots are narrow but manageable. Studios and 1 bedrooms get one parking space and 2 bedrooms get two parking spaces. All parking spaces are side by side parking. Guest parking?

Home Owners Association

Current Rental to owner ratio about 50% to 50%- this can make lending a little more difficult.

Front Desk: 310-443-1417

 HOA Due Cost? $320/Month to $450/mo.

HOA dues cover? Included in Dues: Water & Trash, building insurance, Common Area Maintenance, Reserves

Owner Pyas? Electricity, Gas, Internet & Cable, Condo Insurance

Special Assessments? None

Pet Policy? Under 30 Lbs

Rental Policy? Leases must be 30 days in length or longer no other restrictions.

EQ Insurance? No

CCRs?

Building Reserves?

Special move in instructions?

Can you have a BBQ on the balcony?

FHA Approved: No

Management company:

LBPM Property Management
818-981-1802

4730 Woodman Avenue Suite 200
Sherman Oaks, CA 91423

If you are interested in seeing this property or properties like it please call (310) 388-7332 or click the button below and I will be in touch shortly!

Title

  • Link here
  • Link here
  • Link here

Speak to James

Are you interested in the Angelino Heights area? Let’s chat today, click the button below!

shares