Beverly Hills, CA, April 21, 2014 --(PR.com
)-- Located on Benecia Court, this Los Angeles condo was listed for $865,000. The condo went up for sale and received an offer within 8 days. David Hitt was able to get this condo closed within 37 days. The building contains 17 units and was built in 2000. The unit has 2 bedrooms and 2 baths measuring 1,930 sq ft approx and is located in the Century City area of Los Angeles.
The condo was originally purchase in June 2001 for $539,000. David Hitt is proud to get this property sold for $321,000 more than the owner paid in 2001. This condo is just an example of the rising demand for Los Angeles condos and the rise in housing prices in Los Angeles.
Located in 90025, the lack of inventory in the area easily played a part in getting this condo sold fast. The property was on the market for 8 days, which is about 36 days shorter than the median numbers of days properties in this area are actively listed for sale. The median time period for homes listed on the market is 44 days.
Currently, the median listing price for condos in this area is $735,000. There are 54 Century City condos actively listed in this area.
In this area of 90025, 23% of the properties are owner occupied and 69% are rented to others.
The median income for each condo is $94,847. 50% of the residents in this area have achieved a bachelor’s degree. With 37% of the residents that live in 90025 have achieved a graduate degree.
The schools assigned in the area of this property are Westwood Charter Elementary, Webster Middle and Emerson Middle Schools, University Senior High. Schools are per LAUSD website, information deemed reliable but not guaranteed.
David Hitt has been in real estate since 1996. Since then, he has been building a team of specialists of the Century City Area, though he services all of the Los Angeles Area.
Keller Williams Realty
439 N. Canon Drive, #300
Beverly Hills, CA 90210