
Los Angeles, California 90015
This Turnkey Luxury Condominium is a Prime Investment Opportunity, listed at $1,079,000—positioned well below the $1,111,296 Fair Market Value by 2%. This valuation gap offers $32,296 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the residence boasts a gourmet kitchen with Viking appliances and Calcutta marble, plus a City Lights view. With resort-style amenities and a prime South Park location, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a sophisticated urban lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1111 S Grand Avenue 511 Subject | $1,079,000* List Price | 2 | 2 | 1,520 | $733 | - |
A 1111 S Grand Avenue 711 Sold | $1,098,000 | 2 | 2 | 1,520 | $722 | 0.0 mi |
B 1100 S Hope Street 1501 Sold | $1,225,000 | 2 | 3 | 1,580 | $775 | 0.0 mi |
C 1155 S Grand Avenue 508 Sold | $884,000 | 2 | 2 | 1,480 | $597 | 0.1 mi |
D 900 W Olympic Boulevard 31c Sold | $900,000 | 1 | 2 | 1,280 | $703 | 0.3 mi |
E 1050 S Grand Avenue 1901 Sold | $1,090,000 | 2 | 2 | 1,300 | $838 | 0.1 mi |
F 1111 S Grand Avenue 515 Active | $1,099,000 List Price | 2 | 2 | 1,670 | $658 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 2005, the property presents in mint condition with a high-end renovation likely under 5 years old. Features include a gourmet kitchen with Viking appliances, Calcutta marble waterfall countertops, modern fixtures, and updated systems including a new EV charger.
The residence features a high-end gourmet kitchen equipped with Viking stainless steel appliances and striking Calcutta marble countertops, offering a luxury culinary experience.
Situated in the heart of Downtown LA, the property offers unparalleled access to Crypto.com Arena, L.A. LIVE, and the Fashion District, ensuring high demand and lifestyle convenience.
The unit includes two secured parking spaces, one of which is equipped with a newly installed EV charger, a rare and valuable asset in a dense urban environment.
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 association fee of $1,164 per month is significant and may impact the overall affordability and investment yield for potential buyers.
Built in 2005, the property may face increased maintenance needs or competitive pressure from the numerous newer luxury high-rise developments in the immediate area.
Experience elevated city living at 1111 S Grand Ave #511, an exceptional condominium nestled in the heart of Downtown Los Angeles' energetic South Park district. Offering contemporary style, upscale finishes, and an unbeatable location, this residence is perfectly suited for those seeking a sophisticated urban lifestyle. The thoughtfully designed interior features an open layout enhanced by abundant natural light, oversized windows, and warm wood flooring that creates an inviting atmosphere throughout the living and dining spaces. At the center of the home is a gourmet kitchen showcasing Viking stainless steel appliances, striking Calcutta marble countertops, and ample cabinetry, combining beauty with everyday functionality. The spacious bedroom provides a relaxing escape and includes a generous walk-in closet, while the elegant bathroom offers a soaking tub, modern fixtures, and a sleek vanity. Additional conveniences include an in-unit washer and dryer, plus two secured parking spaces, one equipped with a new EV charger. Residents enjoy access to an impressive selection of community amenities, including a resort-style swimming pool, a beautifully appointed resident lounge, 24-hour attended security, and concierge services designed to enhance everyday living. Ideally located just moments from Crypto.com Arena, L.A. LIVE, the Fashion District, acclaimed restaurants, entertainment venues, and convenient public transit, this home places the very best of Downtown Los Angeles right outside your door. Whether you're looking for a full-time residence, a stylish downtown retreat, or a valuable investment opportunity, 1111 S Grand Ave. offers an exceptional combination of luxury, convenience, and vibrant city living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,520 | 1,219.385 |
| Lot Size | 38,857 | 27,236.074 |
| Price | $1.08M | $800.2K |
| Price per sq ft | $710 | $650 |
| Built year | 2005 | 1979 |
| HOA | $1164.0 | $685 |
| Days on market | 41 | 72 |
Jul 30, 2026
$1,079,000
Initial Listing
Oct 31, 2023
$1,035,000
Public Record
Mar 6, 2012
$625,000
Public Record