
Los Angeles, California 90015
This Turnkey Condominium represents a Strong Value Opportunity, listed at $489,000—positioned well below the $512,461 Fair Market Value by 4%. This valuation gap offers $23,461 in Instant Equity for the buyer. Featuring a Mint Condition Rating with updated kitchen cabinetry and modern finishes, this residence offers a sophisticated urban lifestyle with resort-style amenities, including a pool and spa. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a low-maintenance, high-walkability home in the heart of South Park.
Turnkey 1-bed loft in DTLA's South Park. Modern updates, resort-style pool, and spa. Priced below market value for instant equity. Perfect urban investment.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1111 S Grand Avenue 412 Subject 1 bd · 1 ba · 930 sqft · $541 | $489,000* List Price | 1 | 1 | 930 | $541 | - |
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 1100 South Hope St 1006 Sold 1 bd · 1 ba · 1,007 sqft · $497 · 0.0 mi | $500,000 | 1 | 1 | 1,007 | $497 | 0.0 mi |
C 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 |
D 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 |
E 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 |
F 901 S Flower Street 714 Sold 1 bd · 1 ba · 910 sqft · $582 · 0.3 mi | $530,000 | 1 | 1 | 910 | $582 | 0.3 mi |
G 939 S Broadway 404 Sold 1 bd · 1 ba · 750 sqft · $590 · 0.3 mi | $442,825 | 1 | 1 | 750 | $590 | 0.3 mi |
H 645 W 9th Street 715 Sold 2 bd · 2 ba · 960 sqft · $613 · 0.3 mi | $588,000 | 2 | 2 | 960 | $613 | 0.3 mi |
I 1111 S Grand Avenue 1014 Active 1 bd · 1 ba · 960 sqft · $443 · 0.0 mi | $425,000 List Price | 1 | 1 | 960 | $443 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 2005, the residence has undergone a recent high-quality renovation (within <5 years) featuring updated kitchen cabinetry, modern quartz countertops, stainless steel appliances, and newer durable flooring. The unit is in mint, turnkey condition with fresh paint and contemporary lighting throughout.
Situated in the heart of South Park, the property offers exceptional walkability to premier destinations like Crypto.com Arena, L.A. LIVE, and high-end grocery stores, placing residents at the center of DTLA's vibrant energy.
The unit features a rare, dedicated utility room with side-by-side laundry and extra storage, providing a level of everyday convenience and organization seldom found in urban high-rise loft living.
Located on the same level as the lushly landscaped community terrace, the residence offers immediate access to resort-style amenities including the pool, spa, and outdoor kitchens, effectively extending the living space outdoors.
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 HOA fee of $1,058.29 is substantial for a one-bedroom unit, which may deter budget-conscious buyers or impact financing qualifications for those sensitive to carrying costs.
As a lower-floor unit overlooking Grand Avenue, the residence is more susceptible to street-level traffic noise and may offer less privacy compared to units situated on higher floors of the building.
Welcome to ELLEVEN, where contemporary urban living meets the vibrant energy of Downtown Los Angeles' coveted South Park neighborhood. Whether you're seeking a primary residence, an executive pied-a-terre, or a long-term investment, this beautifully updated loft-style residence offers an ideal blend of style, convenience, and turnkey living. Perfectly situated moments from Crypto.com Arena, L.A. LIVE, Whole Foods and Ralphs, ASU FIDM, the Financial District, Grand Hope Park, and an outstanding collection of restaurants, cafes, museums, galleries, shopping, and entertainment, you'll enjoy one of Southern California's most dynamic and walkable urban neighborhoods. Convenient access to Metro Rail and major freeways makes exploring the region effortless, while Downtown Los Angeles is poised to take center stage as the city prepares to host the 2028 Olympic and Paralympic Games. One of this home's most distinctive features is its exceptional location within ELLEVEN. Immediately outside your front door, the hallway leads to the lushly landscaped community garden terrace, a peaceful, Zen-inspired retreat featuring a tranquil water feature, outdoor fireplace, multiple outdoor kitchens with BBQs, a resort-style pool, whirlpool spa, and inviting gathering spaces. It's the perfect setting for morning coffee, unwinding after work, or entertaining beneath the Southern California sky. Inside, the residence itself has been thoughtfully refreshed with updated kitchen cabinetry, newer durable flooring, fresh interior paint, and contemporary lighting. The open-concept floor plan is filled with natural light and features a well-appointed kitchen. A rare, dedicated utility/laundry room accommodates a full-size side-by-side washer and dryer, provides additional storage cabinets, and delivers a level of everyday functionality rarely found in Downtown Los Angeles high-rise living. From expansive windows overlooking Grand Avenue, the mature tree canopy becomes an extension of the living space, creating the rare sensation of being suspended among the treetops while remaining immersed in the skyline and vibrant energy of Downtown Los Angeles. Equally convenient, the assigned parking space is located just one level below the residence for quick and easy access. Professionally managed with a 24-hour attended lobby and on-site security, ELLEVEN offers an effortless, low-maintenance lifestyle so you can spend more time enjoying the city and less time maintaining a home. Here, world-class dining, entertainment, culture, and everyday conveniences are just beyond your door, while a serene urban retreat awaits just outside it.
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 | 930 | 1,252.996 |
| Lot Size | 38,857 | 26,029.603 |
| Price | $489.0K | $778.5K |
| Price per sq ft | $526 | $629 |
| Built year | 2005 | 1981 |
| HOA | $1058.29 | $676 |
| Days on market | 49 | 74 |
Sep 21, 2026
$489,000
Initial Listing
May 23, 2006
$396,500
Public Record