1111 S Grand Avenue 605, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath
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Los Angeles, California 90015
This Designer Soft-Loft Residence is a Strong Value Opportunity, listed at $470,000—positioned well below the $506,567 Fair Market Value by 7%. This valuation gap provides $36,567 in Instant Equity for the buyer. Boasting a Good Condition Rating, the LEED-certified unit features $45,000 in designer upgrades, including bamboo flooring, custom glass partitions, and a private EV charger. Located in the premier South Park District near LA Live, this home offers ultra-low utility costs and high walkability. It is an exceptional acquisition for urban professionals or Buy-and-Hold Investors seeking a high-efficiency asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1111 S Grand Avenue 605 Subject | $470,000* List Price | 1 | 1 | 1,100 | $461 | - |
A 1130 S Flower Street 311 Sold | $555,000 | 1 | 2 | 1,316 | $422 | 0.1 mi |
B 1155 S Grand Avenue 311 Sold | $435,000 | 1 | 1 | 920 | $473 | 0.1 mi |
C 645 W 9th Street 318 Sold | $550,000 | 2 | 2 | 1,030 | $534 | 0.3 mi |
D 645 W 9th Street 741 Sold | $420,000 | 1 | 1 | 790 | $532 | 0.3 mi |
E 1130 S Flower Street 211 Sold | $574,000 | 1 | 2 | 1,350 | $425 | 0.1 mi |
F 600 W 9th Street 810 Sold | $388,000 | 1 | 1 | 754 | $515 | 0.3 mi |
G 1111 S Grand Avenue 702 Active | $475,000 List Price | 1 | 1 | 1,100 | $432 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2005 (19 years old), the property fits the 10-20 year age bracket for Good condition. The unit is well-maintained and move-in ready, featuring $45,000 in designer upgrades including bamboo flooring and custom sliding panels. The kitchen remains functional and modern with stainless steel appliances and granite countertops, while the LEED-certified status and private EV charger indicate high-quality, updated systems.
Listed at $470,000, the property is priced significantly below its tax-assessed value of $718,373 and its previous sale price of $670,000, offering immediate equity potential.
The unit features $45,000 in designer upgrades, including a dedicated EV charger and custom glass partitions, while the LEED-certified building ensures ultra-low utility costs.
Boasting a high walkability score, the residence is steps away from major DTLA landmarks including Crypto.com Arena, LA Live, and high-end dining and retail.
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 $941.87 per month is relatively high, which may impact the overall affordability and debt-to-income ratios for some buyers.
Despite the generous 1,100 square foot layout, the property only offers one bedroom and one bathroom, which may limit its appeal to small families or those needing a guest room.
Amazing price! Tax value assessed at $718,373! Seize the opportunity before someone else does. Experience urban sophistication in this stunning 1,100 sq ft soft-loft residence at the LEED-Certified "Elleven" Building in Southpark, super low electric bill ($25/m). This spacious west-facing home showcases over $45,000 in designer upgrades, including beautiful bamboo flooring, custom six-foot smoked-glass sliding panels with a sleek stainless-steel header and solid-wood framing providing an elegant sense of bedroom privacy while maintaining an open, airy flow. Also included is a dedicated EV charger ($3500 value). The wall-to-wall windows fill the space with natural light and offer tranquil treetop views accompanied by the soothing sounds of the community's water feature below. The modern kitchen features stainless-steel appliances, granite countertops, and a stainless mosaic backsplash, perfect for both cooking and entertaining. Additional highlights include recessed lighting, a large laundry room with built-in storage, a custom closet organizer, and one assigned parking space conveniently located next to a private storage room, a rare and valuable amenity in DTLA living. Located in the vibrant South Park District, you're just steps away from LA Live, Crypto.com Arena (formerly Staples Center), Microsoft Theater, Ralphs, FIDM, and countless acclaimed restaurants, cafes, and lounges.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 2.0 | 47% |
| Square foot | 1,100 | 1,165 | 50% |
| Lot Size | 38,857 | 41,217 | 25% |
| Price | $470.0K | $621.0K | 22% |
| Price per sq ft | $427 | $616 | 13% |
| Built year | 2005 | 2007 | 22% |
| HOA | $941.87 | $983 | 44% |
| Days on market | 7 | 220 | 3% |
Apr 25, 2026
$470,000
Initial Listing
Sep 30, 2019
$670,000
Public Record