Moved in here in early 2018. So far, this has been the best condo building I've lived in…read more
Basics:
* Two towers--North and South, separated by a common lobby above the parking garage and a second floor crossover.
* Both towers have their own storage lockers (no charge; one per unit).
* Each tower has its own bike storage racks (small yearly fee).
* Each tower has its own loading dock.
* South Tower has a GoGrocer, package receiving room, exercise room, and management office.
* The heated, assigned parking garage is below grade and between the two towers. A long time ago, the condo association sold the garage to an outside company, and parking rates have skyrocketed as a result. I think the current charge is around $400/month. There are a few guest parking spots that are around $30/day.
* While a few units in each tower have balconies, there are no rooftop decks--a pity because the views would be fantastic.
* The sundeck and pool are very nice, but it's an outdoor pool only open three months of the year, and the fee for residents is a little hefty. Outside visitors can buy season passes and daily passes.
* There are large commercial-grade gas grills (free), an herb garden (free) and planting beds (small seasonal fee).
* The current outside company managing the buildings is excellent--very responsive to residents and great communication. Up until a few years ago, the condo association self-managed the buildings, and I heard that was a disaster.
* The condo association is generally responsive to owners' requests during meetings and works well with the management company. Owners may attend association meetings and join committees.
* Assessments are comparative to other buildings of similar age, but like a lot of condo buildings, they tend to be much higher than newly-built condo buildings and walk-ups. Residents who've lived here for a long time enjoy the large maintenance and door staff, so economizing doesn't seem to be the first priority when it comes to budgets.
* Assessments have gone up an average of 2-4% each year.
* The reserve is currently very well funded.
* This part of Buena Park in Uptown is generally safe, and it's not uncommon to see people out in the middle of the night walking their dog in the neighborhood.
* Before moving in, all residents, including owners and renters, must attend a mandatory phone-in meeting with management who goes over all the basic rules and procedures.
* During sunny summer days (and a lot of winter days, too) south-facing units in the South Tower are considerably hotter than the north- and west-facing units. North- and west-facing units get lots of cool breezes year-round.
* In 2018, a rental cap was enacted to reduce the overall percentage of units available for rent. As of December 2020, the rental cap has not gone down enough for new investment buyers to rent out their units. Current owners who rent out there units are grandfathered in, so there are usually quite a few units available for rent.
* Dogs, cats and aquariums are allowed but no other pets--no snakes, hamsters, lizards, etc. Unlike a lot of other condo buildings, this property doesn't have dog breed or size restrictions, however, only owners are allowed to have pets; renters are not.
* Cable is currently RCN, and the charge is a mandatory charge added to the assessment.
* The windows were replaced a few years ago with privacy-tinted double-pane glazing.
* The overall property is clean, beautifully landscaped, and well maintained. The only noticeable caveats for potential owners might be future maintenance issues like water pipe replacement and elevator overhauls, but those haven't come up yet.
* One BIG potential caveat for condo buyers: Units with the original 8" tile flooring still in place probably have tiles and mastic made with asbestos. It's doubtful a home inspector will catch that unless they can see the tiles. Places like Luna, Empire, Olson, and Century will refuse to simply cover-up asbestos tiles during a new installation, and owners will have to have asbestos abatement throughout their unit. Abatement can cost anywhere from $2000-$5000 per unit.
* One thing that I found odd when looking at units here: Many units still had old fashioned fuse boxes and not circuit breakers. Condo buyers: Do yourselves a favor and have an electrician convert the fuse box to a circuit breaker. A modern circuit breaker will distribute electrical loads more evenly to areas so you won't cause overloads.
* Unlike Lincoln Park or Lake View, this area doesn't have a lot of nice retail. There are no bookstores or nice restaurants. There are a couple of nice bars a few blocks away, and the Target, Jewel, and Aldi are all less than a half-mile away. There are a couple of great coffee shops in the area and a public library close by.