Reviewing a building’s Homeowners Association (HOA) documents was essential. Buyers were advised to check the reserve fund study for at least 70% funding to avoid sudden "special assessments" for major repairs like roofs or elevators.
Some areas saw dramatic price jumps. For instance, Mid-Wilshire condo prices jumped 25% to a median of $632,000 , while Pacific Palisades climbed 22% to $1.1 million . buying a condo in los angeles 2017
Popular for urban lifestyle, though sales often closed below list price. buying a condo in los angeles 2017