The pandemic put a damper on high-rise residing, as a extremely infectious airborne virus made shut proximity to neighbors instantly unappealing. However the apartment market has come roaring again, notably on the excessive finish.
At Pendry Residences West Hollywood, a 2,681-square-foot condominium overlooking the Sundown Strip simply bought for $13 million. That’s the best value per sq. foot — $4,848 — within the historical past of L.A. apartment gross sales, clobbering the earlier report of $3,858, in response to the A number of Itemizing Service.
A second, barely bigger unit in the identical constructing additionally closed Monday for $13.3 million, or simply beneath $4,500 per sq. foot. Each gross sales, which rank among the many priciest apartment offers in recent times, spotlight a rising demand for luxurious vertical residing after the pandemic pushed consumers in quest of house and privateness towards single-family houses.
The condos are two of 40 that