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1111 S Grand Avenue 513, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath

1111 S Grand Avenue 513, Los Angeles, California 90015 home-pic-0
ACTIVE$500,000
1111 S Grand Avenue 513, Los Angeles, California 90015
1Bed
1Bath
930Sqft
38,857Lot
Year Built
2005
Close
-
List price
$500K
Original List price
$560K
Price/Sqft
$538
HOA
$944
Days on market
-
Sold On
-
MLS number
24474855
Home ConditionGood
Features
Good View: City Lights
Pool
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $500.0K(33th), sqft - 930(40th), beds - 1(50th), baths - 1(50th).

Seller is offering to buy down buyer's interest rate for two years! Discover the quintessential DTLA life in this high rise full service loft, situated in the heart of the Social District, step into a space that has plenty of natural light and tree line views, industrial aesthetic and open layout. High ceilings and expansive windows flood the loft with natural light, creating an airy and inviting atmosphere. The floor plan includes a convenient walk-in laundry room, maximizing storage and functionality. Location is everything, and this loft delivers! An array of shops and eateries await when you hit the street, Pine & Crane, John Reed Athletic Club, Whole Foods and everything L.A. Live has to offer.

Price History

Date
Event
Price
08/07/25
Price Change
$500,000
01/04/25
Listing
$560,000
12/12/22
Sold
$470,000
07/15/11
Sold
$360,000
05/20/11
Sold
$305,000
Condition Rating
Good
Built in 2005, this loft is 19 years old, fitting the 'Good' category's age criteria. The property is move-in ready with a well-maintained industrial aesthetic. The kitchen features contemporary dark wood cabinetry, stainless steel appliances, and dark countertops, all appearing functional and in good condition. The bathroom also presents modern fixtures, a large vanity, and clean tiling. Flooring throughout is light wood/bamboo, which appears well-kept. There are no visible signs of immediate repairs or significant updates required, and major systems appear functional and within their expected lifespan.
Pros & Cons

Pros

Exceptional DTLA Location: Situated in the heart of the Social District, offering immediate access to an array of shops, eateries, Whole Foods, and L.A. Live, providing a vibrant urban lifestyle.
Seller-Offered Financial Incentive: The seller is offering to buy down the buyer's interest rate for two years, a significant financial benefit that enhances affordability and attractiveness in the current market.
High-Rise Full-Service Building: As a high-rise full-service loft, it implies desirable amenities, enhanced security, and a convenient, upscale urban living experience.
Abundant Natural Light & Aesthetic: Features high ceilings, expansive windows, and an open layout that floods the space with natural light, complemented by an appealing industrial aesthetic.
Functional Interior Layout: The floor plan includes a convenient walk-in laundry room, maximizing storage and functionality within the loft space.

Cons

High Monthly Association Fee: The $944.0 monthly association fee is substantial and adds significantly to the overall cost of ownership, which may deter some potential buyers.
Recent Price Reduction: The property has undergone a $60,000 price reduction from its original list price, which could suggest initial overpricing or a longer time on market, potentially raising questions for buyers.
Limited Bedroom Configuration: As a 1-bedroom, 1-bathroom unit, it caters to a more specific buyer demographic (singles or couples) and offers limited flexibility for additional occupants or dedicated home office space.

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