Real estate Report: Chartreuse in West Hollywood $899K and UpAuthor:Philip Ferrato
This collection of ten stacked duplex apartments in West Hollywood was finished in July 2009. Seven of the ten condos are still on the market, priced from $899K.
The Basics: a collection of duplex apartments, all different plans with one to three bedrooms. All have two-car parking, outdoor space, and four of them have grassy roof terraces. Not So Basic: it’s chartreuse and brown, and nothing has sold since 2009. Actually, WeHo condos haven’t been jumping off the shelves like little breads since 2007; there are a number of projects in the immediate neighborhood that haven’t sold, either. One problem here is that not enough units have sold to permit FHA-backed financing, cutting out a huge swath of potential buyers.
The units themselves are handsome and decently detailed (yes, I’ve actually been inside) and appealing to us inner minimalists- the friends I saw it with hated it, mostly. What they didn’t hate were the faux-turfed roof decks, which have amazing views of the Los Angeles Basin and the Hollywood Hills, and which are thoughtfully equipped with both water and gas lines. The rest of the structure was to have green, planted roofs, but they seem to have been value-engineered out at some point. The architects is Aleks Istanbullo.
The kitchens are swell. Not jam-packed with overhead cabinets, most have a pantry nearby. The building itself has a kind of Richard Neutra -meets-Piranesi vibe and maybe it would sell better if was just painted white. If I had a quibble, it would be that the guest powder rooms all seem to open into the living rooms. Which was just odd. Otherwise, prices on these units have dropped about 25% since they first hit the market.
Listing: 1200 North Sweetzer, West Hollywood