1111 S Grand Avenue 702, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath
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Los Angeles, California 90015
This Turnkey LEED-Certified Loft is listed at $475,000, representing a stable and fair entry point at its $475,000 Fair Market Value. Maintaining a Good Condition Rating, the 1,100 sqft residence features an entertainer’s Granite Kitchen, hardwood flooring, and expansive Pool Terrace Views. Located in DTLA’s premier South Park district, the property includes a tenant currently generating $2,700/month, offering immediate cash flow and high rental demand. With luxury amenities and a high WalkScore near Crypto Arena, this is a premier choice for Owner-Occupants or Buy-and-Hold Investors seeking a low-maintenance urban asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1111 S Grand Avenue 702 Subject | $475,000* List Price | 1 | 1 | 1,100 | $432 | - |
A 1111 S Grand Avenue 605 Sold | $469,000 | 1 | 1 | 1,100 | $426 | 0.0 mi |
B 1155 S Grand Avenue 1103 Sold | $575,000 | 1 | 2 | 1,120 | $513 | 0.1 mi |
C 1130 S Flower Street 208 Sold | $530,000 | 1 | 2 | 1,260 | $421 | 0.1 mi |
D 1130 S Flower Street 311 Sold | $555,000 | 1 | 2 | 1,316 | $422 | 0.1 mi |
E 645 W 9th Street 741 Sold | $420,000 | 1 | 1 | 790 | $532 | 0.3 mi |
F 1155 S Grand Avenue 403 Active | $585,000 List Price | 1 | 2 | 1,120 | $522 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property, built in 2005, is in excellent, move-in ready condition. The kitchen features modern stainless steel appliances, granite countertops, and a large island, all appearing well-maintained. The bathroom is clean and contemporary with a floating vanity and granite. Hardwood floors are consistent throughout, and there are no visible signs of deferred maintenance, aligning perfectly with the 'Good' condition criteria.
The property comes with a tenant on a 9-month lease generating $2,700/month, offering instant cash flow and flexibility for the new owner.
Situated in DTLA's desirable South Park, boasting a high WalkScore and proximity to major attractions like Crypto Arena, LA Live, and Whole Foods.
Features a LEED-verified tower with a lap pool, spa, 1/2-acre outdoor terrace with BBQ lounges, 24-hour concierge/security, clubhouse, and lounge.
The association fee of $940.02 is substantial and adds significantly to the monthly cost of ownership.
The sale is subject to an existing lease, preventing immediate owner-occupancy and requiring advance notice for showings, which can deter some buyers.
As a 1-bedroom unit, it caters to a narrower demographic, potentially limiting its long-term appeal or resale market compared to multi-bedroom properties.
Elleven #702 offers approximately 1,100 square feet of light-filled loft living in the heart of DTLA’s South Park. West-facing, floor-to-ceiling windows frame pool-terrace views and fill the open, gallery-style interior with natural light. Hardwood floors, a defined bedroom area, and generous living and dining zones create a flexible setting for relaxing and entertaining. The kitchen is anchored by a granite-topped island and stainless-steel finishes, while an oversized in-unit utility room with premium washer and dryer adds exceptional convenience. Elleven is a 2005 LEED-verified building with a lap pool, spa, half-acre outdoor terrace with BBQ lounges, clubhouse, resident lounge, concierge, and security services. One assigned, gated parking space is included. Close to L.A. Live, Whole Foods, dining, entertainment, transit, and DTLA’s premier sports and cultural destinations. Walk Score 94. A rare opportunity to own a spacious one-bedroom loft with parking, outstanding amenities, and the flexibility to make it your own.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,100 | 1,243 |
| Lot Size | 38,857 | 24,016 |
| Price | $475.0K | $805.6K |
| Price per sq ft | $432 | $659 |
| Built year | 2005 | 1981 |
| HOA | $940.02 | $684 |
| Days on market | 346 | 71 |
Mar 27, 2026
$475,000
$490,000
-3% Price Drop
Initial Listing
Aug 11, 2025
$490,000
Initial Listing
Oct 29, 2015
$605,000
Public Record
Apr 25, 2007
$515,000
Public Record