About the Building
Wilshire Greentree is a small building by any measure: twelve condominiums on three floors at 724 South Stanley Avenue, completed in 1979 on a residential block one short walk south of Wilshire Boulevard. It offers none of the amenity apparatus of larger associations — no pool, no gym, no clubhouse — and that is precisely its proposition. Buyers here trade shared facilities for simplicity: controlled access, garage parking, storage, and eleven neighbors. The building suits people who want Museum Row at walking distance without paying, through monthly dues, for infrastructure they would not use.
The homes are two-bedroom plans, with aggregator figures running roughly 1,275 to 1,750 square feet, and listing histories describe fireplaces, private patios, in-unit laundry, and generous closets. The distinguishing units sit on the top floor, where brokerage descriptions cite ceilings up to about sixteen feet with loft areas creating multi-level living space under the roofline. As with any twelve-unit building, inventory is scarce and irregular — years can pass between sales in a specific line — so buyers with a fixed target here need patience and a standing search alert.
A twelve-owner association behaves differently from a hundred-owner one. Costs for a roof, repiping, or garage-gate replacement divide twelve ways, so a single project can produce a meaningful special assessment, and governance depends on a handful of volunteers who may self-manage or hire a small firm. None of this is disqualifying — small buildings can be tightly run — but the diligence burden shifts to documents: the reserve study, bank balances, insurance certificates, and several years of minutes tell you more here than in any large association.
The location argument matches its Spaulding and Ogden neighbors. The Wilshire/Fairfax D Line station opened on May 8, 2026, roughly three blocks away, and Museum Row lies just across Wilshire: the Academy Museum, open since 2021, LACMA's David Geffen Galleries, opened April 2026, the Petersen Automotive Museum, and the La Brea Tar Pits. Daily errands orient to Sixth Street, the Fairfax corridor, and the supermarkets along Third; The Grove is a longer walk or short drive north. For a building with no amenities, the neighborhood supplies most of them.
Regulation deserves a careful read. This stretch of Stanley, south of Wilshire between La Brea and Fairfax, falls within the boundaries described for the Miracle Mile HPOZ, effective May 2017; a 1979 building would be a non-contributor, but exterior alterations still pass through city review, so confirm the parcel via ZIMAS. On renting: the Rent Stabilization Ordinance covers properties first built on or before October 1, 1978, and a 1979 completion falls just outside it — close enough to the line that verifying the certificate of occupancy date with the city is worth the call.
Amenities & Services
The Residences
Every home reported at resale is a two-bedroom, with aggregator sizes from roughly 1,275 to 1,750 square feet — substantial footprints for a building with minimal shared overhead. Verify measurements independently.
Brokerage descriptions cite upper units with ceilings to about sixteen feet and loft levels, effectively creating one-and-a-half-storey homes. These are the building's most distinctive plans; confirm loft permitting during escrow.
Listings describe fireplaces and private patios on many homes. Fireplace condition, and any retrofit or insurance implications in a 1979 building, are worth an inspector's specific attention.
In-unit laundry appears across listing histories, along with walk-in closets — conveniences the neighborhood's prewar sixplexes rarely match. Confirm equipment age and hookup condition unit by unit.
Controlled-access garage parking and a storage area serve the twelve homes. Assignments are not publicly documented; confirm deeded or assigned spaces on title, since re-allocation in a small association is rarely simple.
Shared facilities are deliberately minimal — controlled entry and the garage, little else. That generally keeps dues oriented to insurance, utilities, and maintenance rather than amenities; review the budget to see the actual split.
Due Diligence
The 700 block of South Stanley falls within the boundaries described for the Miracle Mile HPOZ, effective May 2017. Exterior work requires city review even for non-contributing buildings; verify the parcel's classification through ZIMAS.
Los Angeles rent stabilization covers properties first built on or before October 1, 1978. A 1979 building falls just outside; because it is that close, confirm the certificate of occupancy date with LAHD before planning a rental.
Twelve owners share every capital cost, so one roof or repipe project can mean a sizable per-unit assessment. Read the reserve study, account balances, and several years of minutes with particular care.
Whether the association is professionally managed or self-managed is not publicly documented, and it changes how records, maintenance, and disputes are handled. Ask directly, and meet the board if you can.
Master policy terms and any earthquake coverage are unpublished, and small associations feel premium swings acutely. Obtain the certificate and deductible structure early; your lender will want them regardless.
A 1979 building sits mid-life on plumbing, electrical panels, waterproofing, and the garage structure. Public records say little; combine a thorough unit inspection with pointed questions about building-wide replacements.
The Wilshire/Fairfax D Line station opened May 8, 2026, roughly three blocks away, with Museum Row across the boulevard, so daily life can run car-light despite the building offering no amenities of its own.
Public documentation on this building is thin — no published HOA financials, architect, or developer records. Expect to build your picture from title, county records, and the association's own document package.
Everything above is drawn from public records, city permit data and published sources. The association’s statutory disclosure package is the only authoritative answer on dues, rules, reserves, insurance and litigation — Ben will request it and read it with you before you remove contingencies.
Common Questions
Keep Exploring
More about the neighbourhood: Mid Wilshire
Off Market & Coming Soon
Residences here reach the open market rarely, and some never do. Ask Ben to tell you when one is coming, including quietly.
Work With Ben
Units here often trade before they are ever listed. Tell Ben what you are looking for and hear first when something opens up, including off market.
Start the ConversationOff Market & Coming Soon
Residences here reach the open market rarely, and some never do. Ask Ben to tell you when one is coming, including quietly.
Ben will reach out shortly to set up your tour.
