1111 S Grand Avenue 518, Los Angeles, California 90015, Los Angeles, 90015 - 2 bed, 2 bath
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1111 S Grand Avenue 518
Los Angeles, California 90015
ACTIVE
CONDITION: FAIR
2Beds
2Baths
2,070Sq Ft
38,857Lot Size
Property Price
LIST PRICE$1,399,900
EST. MARKET VALUE
$1,214,233
15% AboveMARKET VALUE
SUMMARY
This Downtown Los Angeles Condominium is a High-Potential Investment Opportunity, listed at $1,399,900—positioned well above the $1,214,234 Fair Market Value by 15%. While the property features an expansive 2,070 sq. ft. corner layout with City Lights views and a Fair Condition Rating, the dated Granite Kitchen and high HOA fees require careful financial planning. Its prime location near LA Live and Crypto.com Arena ensures strong rental demand. This asset is best suited for Buy-and-Hold Investors or Owner-Occupants seeking a luxury urban lifestyle.
Estimated Market Value
$1,214,233
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1111 S Grand Avenue 518 Subject 2 bd · 2 ba · 2,070 sqft · $587 | $1,399,900* List Price | 2 | 2 | 2,070 | $587 | - |
A 1111 S Grand Avenue 1211 Sold 2 bd · 2 ba · 1,780 sqft · $584 · 0.0 mi | $1,040,000 | 2 | 2 | 1,780 | $584 | 0.0 mi |
B 1111 S Grand Avenue 711 Sold 2 bd · 2 ba · 1,520 sqft · $722 · 0.0 mi | $1,098,000 | 2 | 2 | 1,520 | $722 | 0.0 mi |
C 1111 S Grand Avenue Active 2 bd · 2 ba · 2,070 sqft · $676 · 0.0 mi | $1,399,900 List Price | 2 | 2 | 2,070 | $676 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 2005, the property is 21 years old (based on the 2026 listing date). While the unit is well-maintained and move-in ready, the kitchen and bathrooms feature original granite countertops and dark wood cabinetry that are now dated. Per the criteria, properties over 20 years old with original finishes and systems are classified as fair.
PROSSTRENGTHS & OPPORTUNITIES
- Expansive Corner Layout
This rare corner unit boasts over 2,000 sq. ft. of living space with floor-to-ceiling window walls, offering exceptional natural light and a sense of scale seldom found in urban condominiums.
- Premier Walkability
Situated in the heart of South Park, the property is steps away from Whole Foods, LA Live, and the Crypto.com Arena, providing an unparalleled metropolitan lifestyle with immediate access to top-tier dining and entertainment.
- Comprehensive Amenity Package
The building offers a robust suite of luxury amenities including a lap pool, outdoor fireplace lounge, and private gated parking, complemented by the rare convenience of a dedicated indoor laundry room.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =38857, other record lot size in square feet = 38727.
- High Monthly HOA Fees
At approximately $1,229 per month, the association fees are substantial and represent a significant recurring carrying cost that may impact buyer affordability.
- Aging Interior Finishes
Built in 2005, the interior aesthetic and granite finishes may feel dated compared to the ultra-contemporary designs found in the newer luxury high-rises competing in the Downtown LA market.
About 1111 S Grand Avenue 518
Beautiful and Luxurious Rare Corner Unit located in Downtown of Los Angeles. Built in 2005, this unit features 2,070 sq.ft. of living space boasting 2 expansive bedrooms and 2 bathrooms. Key feature is the massive living room with window walls surrounding the floor plan. Kitchen and dining area is conveniently located next to the living room for convenience. Kitchen features granite counter tops along an expansive island with a breakfast bar. Entrances of bedrooms are uniquely designed with exceptional space for comfort. Both bedrooms include a private bathroom and a gracious walk-in closet. Separate room for indoor laundry is available for convenient daily chores. This condominium features a lap pool, outdoor fireplace with lounge seating, barbecue area, outdoor terrace, private gated parking, and also street level retail spaces. This house is very conveniently located near Whole Foods, Ralphs, Macy's, Target, and familiar restaurants and shops along with markets for groceries. Furthermore Close to Renowned Disney Concert Hall, Staples Center. and LA live Ctr. Come see this gem before it's too late! Refrigerator, Washer/Dryer Included.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2005
- Lot Size
- 38,857 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1229.41 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,070 | 1,252.996 |
| Lot Size | 38,857 | 26,029.603 |
| Price | $1.40M | $778.5K |
| Price per sq ft | $676 | $629 |
| Built year | 2005 | 1981 |
| HOA | $1229.41 | $676 |
| Days on market | 23 | 74 |
Pricing History
Listed for Sale
Oct 17, 2026
$1,399,900
Initial Listing
Sold
Jul 2, 2010
$770,000
Public Record
Sold
Jun 22, 2009
$645,000
Public Record