A recent burst of sales comes as a pleasant surprise at The Residences at W Hollywood’s Above The Penthouses (ATP). They started with five of these brand new homes in 2017 being offered fully furnished and they are now touting only two remaining. Much welcome to this recent hot activity as LA’s real estate market started to see slowing in June 2018 with more significant slowdown to the luxury market more recently.
Last month, the ATP’s Axxiom penthouse closed at $2.6M (pretty good for their smallest condo) and recently they put their behemoth Griffith penthouse at over 5000 square feet in escrow; this is developer HEI’s prize penthouse of the five.
Yvonne Arias of The Property Lab is one of the listing agents on these last remaining penthouses and commented “It’s exciting to see these starting to move so quickly. I expect my Vista Penthouse 15i to move very soon as I have several serious prospects circling it. With such little inventory of this caliber, my goal is to sell the last two before end of the year and I’m pretty confident that will happen.” See photo with Vista’s night view.
The Above The Penthouses are located on the top floor of the highly desirable Residences at W Hollywood in what is to be considered the epicenter of Los Angeles. Famous views and attractions in close walking distance include the Walk of Fame, Capitol Records, Cinerama Dome and Pantages Theatre to name a few. Besides being in this arts-centered area, there has been an enormous footprint being made by media tech heavy hitters like Viacom and Netflix making Hollywood their new home. This is the time to invest.
If you’re interested in learning more about these special top floor penthouses, please visit www.ThePropertyLabRE.com and contact us at info@ThePropertyLabRE.com. Yvonne Arias is the owner and broker of The Property Lab and is one of the few woman-owned luxury real estate brokerage firms in Los Angeles. She is the #1 Realtor in Downtown LA & Hollywood; two of the hottest developing markets in LA. TPL is on Twitter, Insta and FB @ThePropertyLab 😉
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