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Do you think the Real Estate Market is bad, Look at ‘ the Century’ in Century City, CA?

Posted on Nov 18, 2008 by in Active Rain | 0 comments

By now I am sure everyone has heard that in the City of Angels, there is a new address. The Marketing brochure calls it “Heaven Has a New Address”. The actual address is 2055 Avenue of the Stars.  The developers named it “The Century”. It consists of a forty two storied building on almost four acres of lush greenery and soothing waters,Designed by the the Architects Robert A.M. Stern.

 This is the ultimate in what one would think of California Life Style. It is not for every ones taste or likes nor is it for everyone’s budget. One would be purchaser made local and world news. Currently there are twenty actively marketed in the Multiple Listing Service on the West Side of Los Angeles under the geographic designation of Century City.

 There are  ten showing Pending. They are waiting for completion and certificate of occupancy. Even though the news media and the gossip columnist said that it sold, that is poetic exaggeration.

 I will just highlight a few of the amenities:  a 75 foot pool & cabanas, tranquil walking paths, magnificent landscaped gardens, private  concierge closets on each floor to deliver the mail, packages and anything that is needed to be delivered.

Of the  twenty units on the Market in the Local Multiple Listing Service,the price range is anywhere from a low $3,650,000 to a high of $27,000,000. the average is around $4-$5million.If you would like to buy one of these dream units feel free to contact me. I am not representing the Developers and I would gladly help with your purchase.

Of the  ten units showing as pending, the average is around $6million and one is $16.5million and the other one is $24.5million and the one everyone has heared about is $27million.

If you are a consumer  who is considering buying  or selling investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Beverly Hills ,Marina Del Rey, Venice or Malibu. Feel Free to give me a call  at  310.486.1002 (USA)  or email me  at EndreBarath@TheMLS.Com  or visit one of my websites at http://www.endrebarath.com

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