Museo @ 600 S Ridgeley Drive -- Bargain Shopping on the Miracle Mile -- Fab Floorplans at Red Tag $375 - 440/sq ft

Every once in a while a new project comes on the market where the units are priced to sell. Occasionally, the building is even excellent.

Museo at 600 S Ridgeley Drive hits both these optimal quadrants -- low price and high quality. Buyers should step up immediately and check out these bargains.

Updated June 23, 2010: After being removed from sale for a few weeks, Museo is now back on the market. 23 of 52 units have already sold.

Located on a quiet block of historic, two-story character apartment buildings, Museo is ideally situated between Wilshire and 3rd and Fairfax and LaBrea. The Beverly Center - Grove - Miracle Mile area is hot and single family homes in this neighborhood are mostly priced $1 million and up.

The 52 units surround a courtyard and have four floorplans. 26 units are still on the market (as of June 23, 2010):

• 1 br, 1.5 bath -- 2 units -- priced $429,000 - $439,000 (900 - 1,000 sq ft)
  
• 2 br, 2 bath -- 8 units -- priced $519,000 - $536,000 (1,200 - 1,300 sq ft)
  
• 2 br, 2.5 bath -- 5 units -- priced $459,000 - $575,000 (1,100 - 1,300 sq ft)
  
• 3 br, 3 bath -- 11 units -- priced $569,000 - $699,000 (1,350 - 1,750 sq ft)

All units come with two parking spaces (tandem) and HOA are a low $270 - $350.

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If you would like more information about these condos (or others in the area) please contact Adner Realty Group by clicking on this link to send us an email or by calling us at (310) 845-6810.

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The kitchens have Whirlpool appliances, subway tile, and look clean, clean, clean.

We liked the wide-plank wood floors (light oak or brown) and the layouts that incorporate a lot of usable space.

What we really liked, though, is a developer who understands value pricing. 1 bedrooms are priced in the $430/sq ft range. 2 bedrooms are priced in the $390 - $420/sq ft range. Penthouse units start as low as $380/sq ft. These prices are at a discount to many projects within a few miles -- and on par to Le Melange on Fairfax, which sold out in three months during Jan - March 2010.



With large, 2 bedroom, 2 bath units that are solidly in the $450-500K range (and other equally attractive buys -- 1 bedrooms with 2 parking spaces!!!), the units are priced to sell. If the busy Brokers Open house is any indication, these units should move quickly.

Museo Lofts:
600 S Ridgeley Drive
Los Angeles, CA 90036

Sold by Platinum Realtors.