LosAngeles Condos Gaining Traction Among Buyers
As the Los Angeles real estate market continues to show improvement, many savvy buyers are beginning to turn their eyes to the area’s condominium market, which grew exponentially during the last decade and is back on the road to recovery.
Purchasing a condo, such as those located in the highly-desirable Sierra Towers in West Hollywood, comes with many built-in advantages to a stand-alone home, according to an article published by Newcondosonline.com. These features will often include a reduced closing cost, signing bonuses and other discounts. Additionally, condo complexes come with many built-in amenities that add to their value, including recreational assets like a swimming pool and gym.
Sierra Towers features all of this and more, including 24-hour concierge service and sun deck. Nestled near the Hollywood Hills, the 31-story Sierra Towers has been a magnet for celebrities and other high-end buyers for decades. The building offers residents sweeping views of the L.A. basin viewed through true floor-to-ceiling windows. Last year, the median price of 11 condos sold at Sierra Towers was $2.1 million.
Newcondosonline.com pointed out in its report that another benefit of buying a condo is they often will appreciate in value quicker than a single-family home. All of these facts make buying a condo an intriguing option for those seeking a residential property.
Sierra Towers is a prime location for those so inclined. It towers over any building in the area to give residents an unfettered view of Hollywood and beyond. Sierra Towers is locatedat 9255 Doheny Road. Among the well-known past and present residents of Sierra Towers are Matthew Perry, Cher, Elton John, Lindsay Lohan and Evander Holyfield.