(310) 388-7332 jamesc2@gmail.com

1131 Alta Loma Rd | Park Wellington

Park Wellington
1131 Alta Loma Rd
Los Angeles CA 90069

Park Wellington is a 5 story, 162 condo, tropical resort feeling, low rise condominium complex in West Hollywood. Built in 1972- it was originally an apartment building. The building went into foreclosure in 1975, and Newport Beach-based Developer “The Troy Investment Fund” bought it out of receivership for $3M. Troy held 1131 Alta Loma for 10 years continuing to operate it as an apartment building until 1985 when they converted it into condominiums.

To raise the appeal to buyers Troy hired famous Los Angeles modern commercial architect William L Pereira to redesign the building for sale. William Pereira oversaw his team of associates: Steven Jellison, Diane Hussey, Chuck Grein, and David Pillman. The total cost of the renovations was $11M. They wanted to “create a light tropical feeling”, and added the glass pavilions in the entry, aluminum railings, remade the lobby into a grand two-story entrance with imported marble and brass stair case, added crown molding in the hallways, stone pavers the driveway, planted Queen Palms and lush landscaping, and waterfalls.

Queen Palms in Park Wellington Courtyard

Alta Loma West 1984

Alta Loma West is a low-key building. The HOA has reinvested some money back into the building, spending a modest amount on the lobby and doing a re-piping in 2009. I found a picture of the building when it opened and it looks pretty the same since then. HOA dues are very low at $400/mo. Owners in the building have prioritized keeping the HOA dues affordable. Owners prefer to save that money or put it into the inside of their condo’s by remodeling. Yes, the building Hallways are a bit drab, and the elevator will need to be replaced, but all and all, Alta Loma West offers an outstanding location for an affordable price.

MAP

previous arrow
next arrow
previous arrownext arrow
Shadow
Slider

All of the condos are single level except for 6 townhouses. The Townhouses are number in the 600’s (601, 602, 603,604,605,606) and sell for $1M right now.

The majority of the condos are 1BR. Out of 162 condos, (105) are 1BR condos range from 700 sqft -750 sqft and (50) are 1 Bedroom Plus Den and 2 Bedrooms ranging from 900 sqft – 1,100 sqft. All of the condos have at least 1 ½ bathrooms. The front doors are 8 foot high double doors. Condos have 9 ft high ceilings and floor to ceiling sliding glass doors that lead to 100-200 sqft Balconies. Many of the 1 Bedroom plus dens have been converted to 2 Bedrooms by their owners. Kitchens have Electric Stoves.

 Prices for 1BR and 2BR is $500,000- $800,000

Turnover Ratio?  5%

 Record Sale? $1,020,000 8/17/2016

Appreciation: 4%

AMENITIES

Salt Water Pool w/ 7ft deep end and Spa (hours 7am -11pm)

Full Fitness Center

North/South Lighted Tennis Court

PARKING AND LAUNDRY

Lobby- 24 hour Front Desk and recently upgraded Security Camera System

Two Levels of Parking. Deeded Parking Spaces. No Valet. 1 Bedroom Condos have 1 Parking Space. 1 Bedroom plus Den and 2 Bedrooms have two Parking Spaces. There is plenty of guest parking. If you need another parking space the Home Owners Association has additional space available for lease. There are 31 guest parking spaces in parking garage lower level. There are 2 spots off the courtyard for loading and drop off.

Most of the condos have COMMUNITY Laundry. There are 3 laundry rooms. A lot of owners in the building use a 3rd party company for laundry services called Rinse Laundry.

There are 3 community laundry rooms in the building, two on the lower parking garage level and one on the upper garage Level. however, there are a few owners that have installed in-unit laundry in a hallway or bedroom closet. Most units have not

HOME OWNERS ASSOCIATION

Park Wellington Home Owners Association
No Sunday Public Open Houses allowed. Tuesdays Brokers Caravan is OK. Private Showings can be arranged anytime.

How much are Park Wellington condos HOA Dues?

$500 -$750/mo. (HOA dues are very low considering all the amenities because the dues are spread out between a lot of units)

What do the HOA dues at Park Wellington cover?

Water, Basic Cable TV, Staff, Building Maintenance, Building Insurance, Reserves

What does the Homeowner have to pay for?

Electricity, (No Gas), Internet, Condo Insurance

Are there any special Assessments?

No

What is the Pet Policy at Park Wellington?

Pet allowed but there is a 25-pound weight limit.

What is the Rental Policy at Park Wellington?

No Restrictions

EQ Insurance?

Yes

CCRs?

Are there any Special Move in Instructions?

Can you have a BBQ on the Balcony?

Who is the Property Management Company?

Mary Carpenter
310-289-5268
manager@parkwellingtonhoa.com

If you need these or any other questions answered, or, if you would like to see the property, please call me directly at (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