The four-unit LUX925 loft building has just gone on sale south of Santa Monica Boulevard and east of Fairfax Avenue. These lofts with unique floorplans come with some of the highest ceilings, biggest spaces, most expansive views, and loftiest list prices around.Address: 925 N Genesee Avenue, West Hollywood, CA 90046
Asking price: $1,149,000 - $1,299,000 (updated 7/7/09)
Number of units in development: 4
Unit type: 2 bedroom, 2.5 bath
Square footage: 1,924 – 2,273 sq ft (interior) and 265 – 870 sq ft (private exterior deck)
HOA: $375/month
Days on Market: 3
The windows are large and the sliding doors are over-sized and glide with ease. The high-end kitchens feature Bosch appliances and other custom German fixtures. The developer did not scrimp on space or materials.
The front facing units, including the model (Unit #3 - above) and the unit below, have excellent light and east-facing views.
The west-facing units (below) are partially compromised by the adjacent buildings, but nevertheless have the same sense of openness.
Bathrooms are large and nicely appointed.
The view from the upper level bedroom of a unit is top-rate.
Each of the units comes with a private rooftop deck. Currently, this building is the tallest in the area and views are excellent in all directions.
If there's any drawback to the building, it's the price, which is in the range of rehabbed pool homes in the vicinity. With a $1,299,000 list price -- and a hefty 25% downpayment ($325,000) -- the monthly cost of a 30 year-fixed mortgage is $6,158/month. Add in $1,353 in property tax and $375 in homeowners dues -- and you're talking about a $7,886 monthly nut.
Bottom Line: The fundamentals -- design, living area, views -- all high caliber. Price could use a haircut.
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