ETCO Homes Introduces 432 Oakhurst, Luxury For-Sale Residences Currently Under Construction in Beverly Hills, California

BEVERLY HILLS, CA, March 17, 2013 (Press-News.org) ETCO Homes in conjunction with Westbrook Properties today announced that construction is underway at 432 Oakhurst, an uncommonly opulent new home community located in the prestigious 90210 Beverly Hills zip code. The luxury condominium community is artfully designed to meet the living tastes and needs of some of the world's most discerning buyers. An anticipated completion, grand opening event, and first move-ins are expected in July 2013.

The collection of 34 homes that make up 432 Oakhurst are designed in a warm, contemporary style and feature thoughtfully planned, open and expansive floorplans that welcome high style entertaining and gathering. With views of the Hollywood Hills and the famed Hollywood sign, the downtown Los Angeles skyline, and Century City, the two and three bedroom homes offer rich finishes and designer-selected appointments. Extensive natural light via floor-to-ceiling windows and gliding glass doors opening onto generous, inviting outdoor spaces are all aimed at exceeding the expectations of the most demanding U.S. and international buyers.

"Our vision was to create homes that were more than worthy of their prominent Beverly Hills address," said Afshin Etebar, Co-founder and President of ETCO Homes. "As builders and longtime residents of Beverly Hills, we have put extreme attention to detail and quality in these homes because we want to leave a legacy here, in our own community."

The homes at 432 Oakhurst are designed to exceed expectations with exceptional custom interior appointments, finishes, and the highest quality of appliances. All homes include Miele and Sub-Zero appliance packages, distinctive Italian Gessi plumbing fixtures, and premium CaeserStone quartz countertops in kitchens and baths, along with integral CaeserStone sinks in baths.

Kitchens are adorned with custom imported Italian cabinetry and designer-selected 16-gauge stainless steel kitchen sinks. Baths incorporate indulgent Hydro Systems tubs in the master baths with Gessi spouts and hand showers, along with designer-selected, custom porcelain shower tiles. Each bedroom is equipped with an en suite bathroom of its own.

"We understand that our buyers want only the best and we have spared no details in the selection of the interior features at 432 Oakhurst," said Bob Etebar, Principal and Chief Operating Officer of ETCO Homes.

Additional interior features include multi-slide doors in select locations, rich maple planked entry doors, designer-selected solid-core interior doors, recessed lighting with brushed stainless trim, and home pre-readiness for automatic window treatments.

With all residences at 432 Oakhurst providing beautiful views and unique indoor/outdoor living and dining spaces, the penthouse homes offer additional enviable amenities. Each of the seven fifth-floor penthouse homes has a private rooftop space with the approximate square footage of their respective units below. Rooftop spaces include unobstructed views of the Hollywood Hills, Century City skyline, treetop-lined streets of Beverly Hills, and downtown Los Angeles skyline. The spaces are accessed via elevator and each is appointed with its own private jacuzzi as well as BBQ and refrigerator rooftop appliances.

432 Oakhurst will also give residents a number of onsite amenities designed for the luxury lock-and-go lifestyle. Superior surveillance technology is incorporated to protect the property, while a generous three parking spaces per home are included. A ground floor state-of-the-art fitness center offers a complimentary coffee and snack bar designed as a leisurely meeting space or quick fix on the go. The designer-decorated entrance lobby welcomes residents and guests, and a large meeting room will be available for resident use.

"We anticipate strong buyer interest at 432 Oakhurst, as we have incorporated a number of amenities you simply can't find at neighboring condominium properties," said Bob Etebar.

432 Oakhurst is situated in a superb locale within Beverly Hills, arguably the most prestigious zip code in the United States. Set on a quiet tree-lined avenue, the homes are within direct proximity to some of the world's most desirable designer shopping and dining experiences, stellar private schools, and world-class universities.

Local amenities are abundant and include Rodeo Drive, Melrose Avenue, Golden Triangle Shopping District, Spago, Mastro's Steakhouse, Il Cielo, Montage Beverly Hills, and the Four Seasons - just some of the high-caliber shopping, dining, and hotels nearby. Additionally, the highly anticipated Wallis Annenberg Center for Performing Arts will open in Fall 2013, within five minutes walking distance from 432 Oakhurst.

"The Beverly Hills community is simply unparalleled," said Afshin Etebar. "The amenities are incredible and when you combine them with the southern California climate, you have one of the most sought after places on earth."

Construction at 432 Oakhurst is well underway with model homes slated for a July 2013 completion and opening. The 432 Oakhurst construction completion and Grand Opening event will occur in July as well, with the first move-ins to follow shortly thereafter.

About ETCO Homes
Founded in 1989 by the Etebar family, ETCO Homes is a versatile boutique builder known for its commitment to quality, detail and exceptional customer service. The independent and privately-owned firm builds a wide range of residential and commercial properties from contemporary townhomes and luxury custom homes to mixed-use office, retail and industrial properties. The firm has grown over its history by remaining philosophically conservative and financially strong. The firm is led by Co-founders Afshin Etebar, President, and Bob Etebar, Principal and Chief Operating Officer. http://www.etcohomes.com

About Westbrook Properties
Westbrook Properties, an affiliate of Westbrook Partners, provides a range of real estate-related investment management services across all types of asset classes, including development and construction oversight as well as asset and property management.

With respect to residential assets, Westbrook Properties focuses on developing distinctive communities in major markets across the United States. The firm has extensive experience in a wide variety of residential products ranging from traditional master planned communities to higher density urban redevelopment and mixed-use projects; in each case with a focus on offering homebuyers exceptional product design and thoughtfully planned amenities which fit their lifestyle.

Westbrook Partners is a fully integrated global real estate investment management firm founded in 1994, and has acquired more than $40 billion of assets, representing approximately $10 billion of equity, through eight separate real estate funds since its inception. The firm targets investments in a broad range of real estate assets, portfolios and companies. Westbrook Partners' investments range in size from $5 million to over $2 billion in purchase price. The investments have been in office, industrial properties, apartments, hotels and resorts, residential lot developments, operating companies, real estate investment trusts, high yield debt securities and commercial mortgage-backed securities.

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