When searching for an apartment to purchase in Beverly Hills, the three items to look into are:
1) The monthly HOA and what this includes. The higher the HOA, the more services or amenities it will include. HOAs in Beverly Hills range from around $700 per month on the lower end, up to about $3000 per month for full-service buildings.
2) A healthy amount of reserves in the HOA’s bank account is a good sign. If the HOA does not have much in reserves, the quality of the building will decrease as more deferred maintenance becomes necessary.
3) Reviewing the past years board minutes is helpful to see if any large capital improvements are impending. This means the HOA will be requesting each homeowner to chip in, also known as a special assessment.
211 S Spalding Drive Condominiums
This full-service building is comprised of a north and south building. Built in 1975, the unmistakable brick complex towers above the adjacent properties at Spalding Drive and Charleyville with six stories. Many of the units in this complex are large two-floor units. The ground floor units have their own private courtyard, while the penthouse suits take advantage of the commanding heights with views of the hills and city.
Montage Residences Beverly Hills
Built in 2008, the residences at 225 N Canon Drive are above the Montage Hotel in the heart of Beverly Hills’ downtown business district. Residents get to take advantage of 5-star hotel services, amenities and exclusive concierge perks. This is a full-service building with white glove amenities.
This 24-hour full-service red brick building is at 300 N Swall Drive with four stories. Amenities include 24-hour valet, doorman and concierge, pool, and gym.
Don’t get confused with its similar looking building Four Seasons, this full-service stucco and brick building directly to the south is at 200 N Swall Drive. Amenities include front desk with 24/7 concierge service, valet parking, elevator, swimming pool and spa, fitness center, conference room, extra storage in parking garage, 2 assigned parking spots near the elevator and on-site property management.
Le Faubourg St. Honore Condominiums
This full-service building in a prime location at Maple Drive and Santa Monica Boulevard was made to look like an upscale building in Paris with a commanding front, decadent lobby, and only 23 condos across five floors. Amenities include a concierge, elegant lobby, recently updated common areas, gym, spa and new security cameras in the garage. There is also side by side parking, visitor parking and extra storage.
Built in 2015, this four-story doorman condominium building at 460 N Palm Drive has great amenities in a newer building such as community doorman, gym, meeting room, and lounge. It is located on the border of West Hollywood with great proximity to its posh restaurants, cafes and bars.
Built in 2013, this five-story newer apartment building has amenities such as rooftop deck with cabana and spa, large storage area, part-time doorman, garage parking, gym and a meeting room. It is located on the border of West Hollywood with great proximity to posh restaurants, cafes and bars.
Villa Hamilton Park
This four-story building at 225 S Hamilton Drive towards the east part of Beverly Hills has a Mediterranean exterior with contemporary interior units. It is adjacent to the La Cienega Park, Beverly Hills Tennis Center and Public Library. The building has security-enabled features on all access doors and gates, onsite fitness center, business center, gated entry and gated subterranean parking with plenty of guest parking. Relatively low HOA dues cover water, trash, sewer, gardening, and building maintenance.