1111 S Grand Avenue 1014, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath
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1111 S Grand Avenue 1014
Los Angeles, California 90015
ACTIVE
CONDITION: EXCELLENT
1Beds
1Baths
960Sq Ft
38,857Lot Size
Property Price
LIST PRICE$425,000
EST. MARKET VALUE
$452,435
6% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at a List Price of $425,000—positioned well below the $452,436 Fair Market Value by 6%. This valuation gap provides $27,436 in Instant Equity. Featuring a Mint Condition Rating, the unit includes deeded parking, deeded storage, and a panoramic DTLA skyline view. With a Walk Score of 95 in the Social District, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a premium, move-in ready urban lifestyle.
Estimated Market Value
$452,435+$27,435 Equity Potential
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 1014 Subject 1 bd · 1 ba · 960 sqft · $471 | $425,000* List Price | 1 | 1 | 960 | $471 | - |
A 1100 S Hope Street 914 Sold 1 bd · 1 ba · 947 sqft · $523 · 0.0 mi | $495,000 | 1 | 1 | 947 | $523 | 0.0 mi |
B 1111 S Grand Avenue 716 Sold 1 bd · 2 ba · 1,200 sqft · $404 · 0.0 mi | $485,000 | 1 | 2 | 1,200 | $404 | 0.0 mi |
C 1111 S Grand Avenue 605 Sold 1 bd · 1 ba · 1,100 sqft · $426 · 0.0 mi | $469,000 | 1 | 1 | 1,100 | $426 | 0.0 mi |
D 645 W 9th Street 406 Sold 1 bd · 1 ba · 754 sqft · $511 · 0.3 mi | $385,000 | 1 | 1 | 754 | $511 | 0.3 mi |
E 1100 S Grand Avenue 109 Sold 2 bd · 2 ba · 1,150 sqft · $378 · 0.1 mi | $435,000 | 2 | 2 | 1,150 | $378 | 0.1 mi |
F 1130 S Flower Street 208 Sold 1 bd · 2 ba · 1,260 sqft · $421 · 0.1 mi | $530,000 | 1 | 2 | 1,260 | $421 | 0.1 mi |
G 1111 S Grand Avenue 412 Active 1 bd · 1 ba · 930 sqft · $526 · 0.0 mi | $489,000 List Price | 1 | 1 | 930 | $526 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property is in mint, move-in ready condition following a recent comprehensive remodel. It features brand new stainless steel appliances, new hardwood floors, fresh paint, and updated lighting. While the building was constructed in 2005, the interior renovations are less than 5 years old, and the kitchen and bathroom present as modern and well-maintained.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Remodeled Condition
The loft features extensive recent upgrades including new hardwood floors, fresh paint, new lighting, and brand-new appliances, offering a move-in-ready experience in a LEED-certified building.
- Deeded Parking and Storage
This unit includes both deeded parking and a deeded storage space, which are highly coveted assets in Downtown Los Angeles that significantly enhance the property's utility and resale value.
- Prime Social District Location
With a Walk Score of 95, the property is perfectly positioned near Whole Foods, Target, and the Pico train stop, providing exceptional urban convenience and access to top-tier dining and entertainment.
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 Carrying Costs
The association fee of $1,094 per month is relatively high for a one-bedroom unit, which may deter budget-conscious buyers and impact overall affordability.
- Significant Historical Value Loss
The current list price of $425,000 is substantially lower than its 2018 sale price of $620,000, reflecting a sharp market correction or building-specific depreciation that may concern long-term investors.
About 1111 S Grand Avenue 1014
Priced to sell! This remodeled loft in the heart of the Social District has everything you are looking for in a loft. DEEDED Storage, DEEDED parking, enclosed bedroom, brand new appliances, new hardwood floors, fresh paint and new lighting. The large windows offer a scenic east view of the DTLA skyline with tons of natural light. The kitchen area is open to the large living area, while an oversized in-unit utility room with premium washer and dryer adds exceptional storage space. Elleven is a 2006 LEED certified building with a lap pool, spa, sun terrace with BBQs and 24 hour lobby. A short walk to Whole Foods, Target, tons of dining & entertainment options, the PICO train stop and much more. With a walk Score of 95 you may never need to drive again!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2005
- Lot Size
- 38,857 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1094.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 960 | 1,252.996 |
| Lot Size | 38,857 | 26,029.603 |
| Price | $425.0K | $778.5K |
| Price per sq ft | $443 | $629 |
| Built year | 2005 | 1981 |
| HOA | $1094.0 | $676 |
| Days on market | 25 | 74 |
Pricing History
Listed for Sale
Oct 15, 2026
$425,000
Initial Listing
Sold
Oct 31, 2018
$620,000
Public Record
Sold
Sep 11, 2015
$565,000
Public Record