
Los Angeles, California 90015
This Luxury Corner Penthouse is a High-Potential Investment Opportunity, listed at $2,698,000—positioned well above the $2,248,779 Fair Market Value by 19%. While priced at a premium, the property offers a Condition Rating of 3, featuring high-end finishes and an extraordinary 800-square-foot private terrace with panoramic city views. Located in a LEED Gold-certified building in South Park, it provides a sophisticated lifestyle near LA Live. This residence is an ideal acquisition for Luxury Homeowners or Discerning Urban Professionals seeking a rare, expansive outdoor sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1111 S Grand Avenue 1 Subject | $2,698,000* List Price | 2 | 3 | 2,660 | $845 | - |
A 1155 S Grand Avenue 2109 Sold | $2,062,500 | 2 | 3 | 2,400 | $859 | 0.1 mi |
B 1111 S Grand Avenue Ph1 Active | $2,698,000 List Price | 3 | 3 | 2,660 | $1,014 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2005, the property is approximately 21 years old but remains in well-maintained, move-in ready condition. The kitchen features high-quality wood cabinetry and stainless steel appliances that appear functional and original to the build. As a LEED Gold-certified luxury penthouse, the systems and overall structure show pride of ownership and high-end finishes like hardwood flooring and floor-to-ceiling glass.
The property features a rare 800-square-foot L-shaped private terrace, offering an extraordinary amount of outdoor living and entertaining space that is highly uncommon for Downtown Los Angeles high-rises.
As a corner penthouse with soaring ceilings and floor-to-ceiling windows, the residence maximizes natural light and provides dramatic, unobstructed views of the Downtown skyline.
Situated in a LEED Gold-certified building, the property offers an unbeatable location within walking distance to Whole Foods, Crypto.com Arena, and the premier dining and entertainment of South Park.
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.
The monthly association fee of $1,337.93 is substantial, which may impact the overall affordability and investment yield for some buyers.
Constructed in 2005, the property may require interior updates to compete with the ultra-modern finishes and high-tech amenities found in the newer luxury high-rises recently completed in the immediate area.
Experience elevated Downtown LA living in this exceptional corner penthouse at 1111 S Grand Avenue, ideally situated in the heart of South Park. Rarely available, this distinctive residence features soaring ceilings and expansive floor-to-ceiling windows that fill the home with natural light while framing dramatic Downtown skyline views. The open-concept living and dining areas create an impressive sense of space, ideal for both everyday living and sophisticated entertaining. The true centerpiece is the approximately 800-square-foot L-shaped private balcony, an extraordinary outdoor space rarely found in Downtown high-rise living. Wrapping around the residence, the expansive terrace offers multiple areas for lounging, dining, and entertaining while enjoying sweeping city views, creating a seamless indoor-outdoor lifestyle high above Downtown LA. Additional highlights include side-by-side parking, a private storage unit, and flexible space ideal for a home office or personal retreat. Residents enjoy resort-style amenities including 24-hour security and controlled access, concierge service, pool and spa, outdoor lounges, BBQ areas, and an elegant resident lounge. Located in a LEED Gold-certified luxury high-rise, just moments from Crypto.com Arena, LA Live, Whole Foods, acclaimed restaurants, and premier entertainment, this exceptional penthouse brings together space, privacy, expansive outdoor living, and an unbeatable South Park location. A rare opportunity to own a true corner penthouse with one of its most compelling features: an extraordinary private terrace in the heart of Downtown Los Angeles.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,660 | 1,219.385 |
| Lot Size | 38,857 | 27,236.074 |
| Price | $2.70M | $800.2K |
| Price per sq ft | $1.0K | $650 |
| Built year | 2005 | 1979 |
| HOA | $1337.93 | $685 |
| Days on market | 13 | 72 |
Aug 27, 2026
$2,698,000
Initial Listing
Aug 28, 2019
$2,050,000
Public Record