Century City, CA 90025

View of the Century City skyline from the Getty Center. Downtown Los Angeles (Bunker Hill district) can faintly be seen to the east of Century City.

Century City is a 176-acre commercial and residential district on the West Side of LA. It is bounded by Westwood on the west, Rancho Park on the southwest, Cheviot Hills and Beverlywood on the southeast, and the city of Beverly Hills on the northeast. Its major thoroughfares are Santa Monica, Olumpic and Pico Boulevards, as well as Avenue of the Stars and Century Park East and West.

Century City is an important business center, and many law firms and executives—particularly those with ties to the film, television, and music industries—have offices there.

Most popular condominium communities: The Century, Le Parc, Century Hill, Park Place, Century Towers, Century Park East & Century Woods.

Skyscrapers and other important landmarks

The high-rise buildings along Wilshire Boulevard known as “The Corridor” in Westwood appear to blend in with those of Century City when seen at a distance, although they are separated by over three-quarters of a mile.

Its gleaming high-rises stand in stark contrast to the small apartment buildings and single-family detached homes in the lower-density neighborhoods surrounding it, and were some of the first skyscrapers built in Los Angeles after the lifting of earthquake-related height restrictions in the early 1960s.

For many years it was home to the ABC Entertainment Center, which housed network operations for the ABC Television Network and the Shubert Theatre. They were demolished in 2004.

Some of the most recognized buildings in Century City include:

• Fox Plaza, 20th Century Fox -headquarters most well known for being Nakatomi Plaza in the movie DIE HARD.
• MGM Tower headquarters of the historic Hollywood studio
• Century Plaza Towers – commonly referred to as the “Twin Towers”

History

At the southern end of Century City, Fox Plaza towers over the nearby neighborhoods.

Once a backlot of 20th Century Fox, which still has its headquarters just to the southwest, the Fox studio commissioned a master-plan development from Welton Beckett Associates, which was unveiled at a major press event on the “western” backlot in 1957. In 1961, after Fox suffered a string of expensive flops, culminating in the box-office disaster Cleopatra, the film studio sold about 180 acres to developer William Zeckendorf and Aluminum Co. of America, also known as Alcoa. The new owners conceived Century City as “a city within a city”. In 1963 the first building, Century City Gateway West, was complete.

🏡 August 2024 Luxury Real Estate Market Update & Trends for Westwood - Century City 🌟

🔻 Avg Sales Price: $2.64 million, 📉 down 14%

🔻 Avg List Price $3.40 Million, 📉 down 2%

🔻 Properties Sold: 12, 📉 down 10%.

🔻 Days on Market: 38 📆, 📉 down 2%.

🔻 $/Sq FT: $1,090, 📉 down 3%.

Unlock the hidden wealth in your Westwood Century City property! 🗝️💼 Curious about your home equity 💰? Thinking of buying in Westwood or Century City? 🏠🌴 Let's chat! Send a DM or call us at 📱 310-777-6342 for expert insights!

In the August 2024 Luxury Real Estate Market Update for Westwood - Century City, the market has seen slight declines across key metrics. The average sales price dropped by 14% to $2.64 million, while the average list price saw a smaller decrease of 2%, settling at $3.40 million. A total of 12 properties were sold, reflecting a 10% decrease in sales, and the average days on market also shortened by 2%, now at 38 days. Additionally, the price per square foot dipped by 3%, averaging $1,090. If you’re curious about your home’s equity or interested in buying in these prime LA neighborhoods, now is a great time to explore your options. Reach out for expert insights!