Napoles’s for-sale condo in L.A. not far from Manny Pacquiao house

Her property is right within L.A.'s bustling entertainment district

Her property is right within L.A.’s bustling entertainment district

By Cecile C. Ochoa

Businesswoman and accused pork barrel operator Janet Lim Napoles could not have selected a better strategic property investment right smack in the entertainment capital of U.S., than at the L.A. Live in Downtown Los Angeles.

This is where her $1.4 million, two-bedroom condo at the Ritz Carlton is up for sale under the name of her daughter Jeane, according to the news portal | News5.

Napoles’s condo is just about five miles away from Manny Pacquiao’s million-dollar home in Hancock Park, now also reportedly being sold for $2.7 million. Her condo is about eight miles away from Hollywood. Napoles’s unit has two bedrooms, two baths, and a parking space. It is listed at 1,579 square feet, or around 146 square meters.

“It’s not pre-owned and not available for lease,” said a property agent who spoke to The FilAm Los Angeles.
There are other condos next to the unit #37i that are for lease at $4,500 a month for one bedroom, the agent said.

The first showings of this unit are slated to begin today Friday, September 27th, according to the website that is selling the property.

The ad features Napoles’ floor plan as “the best deal in the building and will go quickly.” It has eastern views of Staples Center, downtown and the Ritz Carlton Pool and has the much desired white high gloss Snaidero Kitchen Cabinetry, oak floors in the living/dining area and a huge master suite that is usually only seen in the much larger floor plans. Some of the resident amenities include full complimentary breakfast every day in the sky lounge, Ritz Carlton Spa access, wine room, billiard room, among other advertised features.

The luxury condo, located in the heart of Los Angeles, is steps away from Staples Center, home of the Lakers; the Nokia Theatre L.A. LIVE, The Grammy Museum, and an assortment of restaurants, entertainment venues and nightspots. L.A. Live was built in 2007 and cost approximately $2.5 billion. It was developed by Anschutz Entertainment Group (AEG), Wachovia Corp, Azteca Corp and investment firm MacFarlane Partners with help from Los Angeles taxpayers.

Interestingly, the Ritz Carlton in L.A. Live is only 3.5 miles from the less glamorous area of Historic Filipino Town on Temple Street.

Janet Napoles may recognize the predominantly senior demographics of Filipinos on Temple, some of whom either own their 1940-era Craftsman-style bungalows or rent in senior housing from their meager social security income. The Pinoys in Filipino Town have heard of her all right but not about her luxurious property across town.

Socialite Jeane Napoles: The property is said to be in her name

Socialite Jeane Napoles: The property is said to be in her name

At Kapistahan Grill on Temple, retired utilities clerk Mang Gem said he has heard of Janet Napoles but knows nothing about her properties in L.A.

“Ah si Janet?” he said. Being a basketball fan, he is more familiar with the Staples Center.

L.A. Live has 5,600,000 square feet of apartments, ballrooms, bars, concert theatres, restaurants, movie theaters and a 54-story hotel – such as the JW Marriot and Ritz Carlton — on a 27-acre site . The complex is about six blocks away from the Los Angeles Jewelry District and the famous Los Angeles Fashion District where designer gowns go on sale daily.

L.A. Live captured a good percentage of Los Angeles’ 41.4 million tourists last year, according to the Los Angeles Tourism and Convention Board.

Leave a Reply