Dramatic City Views
REAL ESTATE NEWS (Los Angeles, CA) — In the heart of the vibrant metropolis of Los Angeles, a unique opportunity presents itself. If you’ve always wanted to experience the luxury and charm of a highrise condo in downtown L.A., but were put off by the hefty price tags, then this news is sure to delight you. A unit in the coveted Ten50 highrise building is set to be auctioned, with the starting bid at an unbelievable $275,000.
Before you get too excited, let’s clarify the details. This enticing starting price is an auction minimum. The final sale price may reach closer to the $565,000 mark, a figure arrived at based on the sale prices of comparable units in the past. While this may sound discouraging, auctions can be a great way to acquire property, often reducing the number of potential competing buyers. They are also preferred by large companies and governments for a transparent, public, and prompt sale process.
Embrace the L.A. Skyline
The unit up for auction is a stunning one-bedroom condominium built in 2017, boasting breathtaking views of the downtown L.A. skyline. It is situated in the highly desired Ten50 building, renowned for its sophisticated residences and resort-style amenities.
As you step inside this radiant home, you’ll be greeted by an abundance of sunlight streaming in, brilliantly showcasing the modern kitchen, complete with contemporary countertops and cabinetry. The bathroom stands out with its chic vanity, while the living room offers the perfect vantage point to admire the city’s towering skyscrapers. The unit also boasts a private bedroom equipped with a walk-in closet.
Auction Details
This property is now active in an online auction, and all offers must be submitted via the auction website’s property listing page. The sale is subject to a 5% buyer’s premium in line with the Auction Terms and Conditions. Please note that all bids will be processed subject to the seller’s approval and the listed price does not indicate the seller’s final reserve amount.
For those interested in participating, it is crucial to visit the auction website to place your bids. The property is being sold “as is,” and no for sale sign is allowed. Inspections of the property and contact with the occupants are strictly prohibited. The condo includes a parking space at a monthly cost of $27.98, and the Homeowners Association (HOA) dues are approximately $800 per month.
Ten50: More Than Just a Residence
Living at Ten50 means more than just having a stylish condo. Some units come with a storage space in the building, and all residents enjoy access to the building’s myriad of resort-style amenities. These include an infinity-edge pool, spa, fire pits, barbecue grills, fitness center, and community lounge. There’s also a dining room, business center, media screening room, 24-hour security, concierge, and guest parking.
Conveniently located, Ten50 is just a short distance away from L.A. Live, the Staples Center, Metro lines, and a host of popular Downtown destinations. A similar unit, 1106, was sold not too long ago, and can give potential buyers a comparative understanding of what to expect.
Seize the Opportunity
So, if you’re looking to step into the luxury highrise lifestyle of Downtown L.A., don’t miss out on this opportunity. This auction could be your ticket to a beautiful home in the Ten50 building, combining modern elegance with the vibrant city life of Los Angeles.
For more opportunities like this, get a free list of auction, probate, foreclosure, and distressed properties in Los Angeles. Simply fill out the online form on our website, and embark on your journey to find your dream home:
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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker CalDRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.
