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Desire for No-Fuss Living Fuels Boom in Los Angeles Condo Demand

New launches this spring include units steps from Rodeo Drive and indoor-outdoor floor plans

Nancy A. Ruhling |

Driven by the scarcity of single-family homes and a desire for the amenities of five-star resorts, buyers in Los Angeles propelled the luxury condo market to record highs in the fourth quarter of 2021.

“The limited supply and high demand have broadened buyers’ perspective of what we call home,” said Sandra Eaton, regional director West Coast at Compass. “The amenities—concierge and valet service, outdoor spaces, high ceilings and security—have shaped buyers’ views in a positive way toward condos and the benefits of condo living.”

She noted the small supply of ultra-luxury condos, which comprise only 8% of the market, has further fueled the explosive growth.

In Downtown, the average price per square foot for the higher-end luxury sector, which is defined as $1.5 million to $3 million, shot up 35.6% in the fourth quarter compared to a year ago, and the average sale price increased 28.8% in that time, according to a report by Compass.

“Downtown also has been driven by the reopening of offices during the pandemic and the vibrancy of the area,” Ms. Eaton said. “People are seeing that there are more housing options and opportunities.”

In the core market, which includes the city’s most desirable neighborhoods, the quarter “saw the highest sales volume since Compass Development Marketing Group began tracking six years ago, with 442 sales over $500,000,” according to Compass’s New Development Market Watch LA Core Q4 2021 report. “The total sales volumes in every single submarket were up substantially in 2021 from 2020.”

Beverly Hills led the way, with 158 sales in 2021, an increase of 59% from 2020.

What’s more, the core’s ultra-luxury market, which is comprised of condos priced starting at $3 million, “saw the greatest increases in overall sales volume,” according to the report, which noted that units between $1.5 million and $3 million recorded the greatest increase in value, with the average price per square foot rising more than 37% from 2020.

Ms. Eaton expects 2022 to be equally robust. The market, she said, is “growing and will continue to grow.”

Here are some of the new luxury condo developments in the greater Los Angeles area that are enticing buyers.

The Croft @ WEHO, 1017 N. Croft Ave., West Hollywood Area

Only blocks from Melrose Place, The Croft @ WEHO is a boutique development of luxury condo residences that are designed to showcase views of the city.

The small-footprint residences, which have layered levels that include glass-sided exterior balconies and high-end interior finishes and appliances, merge with the urban landscape, announcing their presence in a subtle yet stately manner.


Sales launch this spring.

Number of Units: 16

Price Range: $1.2 million to $3.5 million

Developer/Architect: The Madison Group/Labyrinth Design Studio

Condo Sizes: 800 to 2,220 square feet

Amenities: Panoramic rooftop lounge deck, secured building 

Website: Not yet available

Agent: Azy Farahmand,

Renderings by Amir Hamed, CUBIER INC.

Renderings by Amir Hamed, CUBIER INC.

This image has an empty alt attribute; its file name is 1017-n-croft-2-1600x1088.jpeg


Delyla, 411 S. Hamel Rd., Burton Corridor, Beverly Grove

Courtesy of ETCO Homes

The West L.A. condo development, which is steps away from Rodeo Drive and Beverly Grove’s restaurants, luxury hotels, entertainment venues and boutiques, comprises two four-story buildings connected by a garden terrace.

Buyers of the one-, two- and three-bedroom flats and penthouses, which are nestled between Beverly Hills, West Hollywood and Mid-Wilshire, have the choice of three design packages: a dark modern style, a mix of dark and light hues or a traditional-modern aesthetic.

Condos Entrance Rodeo Drive


Sales launched earlier this year. 

Number of Units: 37

Price Range: Starting in low $2 millions

Developer/Architect:: ETCO Homes/Kevin Tsai Architecture

Condo Sizes: 1,198 to 3,040 square feet

Amenities: Select residences come with a wet room in the primary-suite bath. Each fourth-floor penthouse has a private rooftop deck that is equipped for installation of a barbeque island and spa if desired. Community amenities include a glass-enclosed lobby and concierge desk, and underground parking with EV chargers as well as a gym, bike storage, a boutique-size resident lounge and a furnished outdoor space with a built-in pizza oven.


Courtesy of ETCO Homes Condo image rodeo drive


Courtesy of ETCO Homes

Courtesy of ETCO Homes Condo image rodeo drive


Courtesy of ETCO Homes

Courtesy of ETCO Homes Condo image rodeo drive


Courtesy of ETCO Homes

Courtesy of ETCO Homes Condo image rodeo drive


Courtesy of ETCO Homes

Courtesy of ETCO Homes Condo image rodeo drive


Courtesy of ETCO Homes



Parkhouse Residences, 4281 Uptown Newport Dr., Newport Beach

Renderings by DBOX

Part of a $1.25 billion master-planned development christened Uptown Newport, Parkhouse Residences is a premier boutique condo community of half-floor units and duplex penthouses that offers the ultimate luxury-living experience.

The resort-style project, which is consists of six units in five buildings, was nearly a decade in the making and is designed to enhance the attributes of Newport Beach, a coastal city in Southern California that has a large harbor.

The interiors, designed by the Costa Mesa, California-based, award-winning firm Blackband Design, sync with their surroundings, bathing in the city’s leisurely beach lifestyle.

With layouts that flow around a central kitchen, the residences merge indoor and outdoor spaces. In each unit, the great room, complete with a fireplace, features triple-sliding window walls that open to a terrace, and the penthouses have rooftop decks that provide panoramic views of the community, which is beside the secluded Uptown Park and next to the Back Bay Nature Preserve.

The location of Parkhouse Residences is prime. The development is a five-minute drive to John Wayne Airport and only a few miles from the city’s high-end shopping destinations, including South Coast Plaza and Fashion Island, Michelin-starred restaurants, cultural amenities and outdoor pursuits.


Sales launched in January.

Number of Units: 30

Price Range: Low $2 millions to  more than $4 million

Developer/Architect:: Shopoff Realty Investments/WHA Architects

Condo Sizes: 2,000 to more than 3,000 square feet

Amenities: The development has a 1-acre park, heated pool and hot tub spa, a resort-inspired cabana and a state-of-the-art fitness and wellness center. Each building has a canopied entrance and a bespoke lobby that provides direct-elevator entry to each residence and access to individual garages that may be set up with EV charging stations and are designed to accommodate a lift for storage of several cars or other items. Each residence’s primary suite has a walk-in closet, a large soaking tub and a spa-sized shower. The penthouses feature rooftop decks that have dumb waiters and half bathrooms, and are set up to add optional hot tubs and outdoor kitchens.


Renderings by DBOX

Renderings by DBOX

Renderings by DBOX

The Ten11, 1011 N. Ogden Dr., West Hollywood

Photos by The Agency

Designed for luxury living in West Hollywood, The Ten11 is a collection of curated townhome condos that are sustainable, have a sleek design, natural materials and design elements for modern residents.


Sales are launching in the spring. 

Number of Townhomes: 5

Price Range: $1.5 million to $2 million

Developer/Architect:: Lenny Bazemore/Bob Abrahams 

Condo Sizes: Approximately 1,500 square feet

Amenities: Underground parking, rooftop amenity areas.


Photos by The Agency

Photos by The Agency