Record Sale? $3,600,000 4/11/2017 PH B
Turnover? 6% or about 3 condos a year
The 4 corner units are large 2 Bedrooms that are approximately 2,000 sqft. The Condos in the middle 03 and 04 are 1 bedroom plus a den and about 1,500 sqft. Some owners over time have enclosed the den to make them 2 bedrooms. The Top floor is occupied by two penthouses A & B. These penthouses have truly massive outdoor decks. One of the penthouses sold in 2017 for 3.6M! In addition to the penthouses, there are two junior penthouses on the 9th floor (901 & 902) that are about 2,500 sqft and sell for $1,200,000 to $1,400,000 depending on condition. Prices for the large 2 bedrooms are about $900,000 and $800,000 for the smaller 1br plus den floorplans. Price/sqft is $500-$600 in this building which is a bargain by Wilshire Corridor Standards, although I would expect lower price per square foot on an older build. There are 12 Maids condos on the first floor which are all 200 sqft 1 bedroom and a bath. With the maid’s condos, you have to own a condo in the building to purchase one- they are very inexpensive since they are just one room essentially, they sell for about $60,000 to $80,000.
One unique thing about Glen Towers is the exterior’s brick construction. The exterior is clad in midcentury brick that is painted bright white. Both the driveway entrance and the penthouse rooftops have arched concrete ceilings which are all the rage and very mod. The Balconies are truly massive with every condo getting a huge balcony that is accessible from the master bedroom and the living room with floor to ceiling glass sliders.
Living rooms are very large and have a floating fireplace. Dining rooms seat 6-8 guests. Kitchens are semi-open (some owners have totally opened them up during remodeling) with electric stoves, and have a laundry room off of them with a separate service entrance. The original design included drop tile florescent light ceilings in the kitchen which many owners have removed. Are the bedrooms split?. Living rooms can be hardwood flooring.