1111 S Grand Avenue 702, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath
1111 S Grand Avenue 702
Los Angeles, California 90015
Property Price
SUMMARY
Analysis of 1111 S Grand Avenue 702, Los Angeles, California 90015 is currently available with a list price of $490,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property, built in 2005, is in excellent, move-in ready condition. The kitchen features modern stainless steel appliances, granite countertops, and a large island, all appearing well-maintained. The bathroom is clean and contemporary with a floating vanity and granite. Hardwood floors are consistent throughout, and there are no visible signs of deferred maintenance, aligning perfectly with the 'Good' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Rental Income
The property comes with a tenant on a 9-month lease generating $2,700/month, offering instant cash flow and flexibility for the new owner.
- Prime Downtown Location
Situated in DTLA's desirable South Park, boasting a high WalkScore and proximity to major attractions like Crypto Arena, LA Live, and Whole Foods.
- Luxury Building Amenities
Features a LEED-verified tower with a lap pool, spa, 1/2-acre outdoor terrace with BBQ lounges, 24-hour concierge/security, clubhouse, and lounge.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $940.02 is substantial and adds significantly to the monthly cost of ownership.
- Occupancy & Showing Restrictions
The sale is subject to an existing lease, preventing immediate owner-occupancy and requiring advance notice for showings, which can deter some buyers.
- Single Bedroom Configuration
As a 1-bedroom unit, it caters to a narrower demographic, potentially limiting its long-term appeal or resale market compared to multi-bedroom properties.
About 1111 S Grand Avenue 702
Under $500k with day-one income—Elleven #702 is a sun-splashed, west-facing 1BR/1BA (~1,100 SF) loft with floor-to-ceiling glass over the pool terrace in DTLA’s South Park. Open, gallery-style plan with hardwood floors, custom sleeping area, and an entertainer’s kitchen (granite island + stainless). Oversized in-unit utility room with premium W/D. 2005 LEED-verified tower with a true amenity stack: lap pool, spa, 1/2-acre outdoor terrace w/ BBQ lounges, 24-hr concierge/security, clubhouse & lounge. One assigned, gated parking. Tenant in place at $2,700/mo on a 9-month lease—collect cash flow now and choose later to renew, reset, or occupy. Moments to Crypto Arena, LA Live & Whole Foods; high WalkScore. Sale subject to existing lease. Showings by appt—48 hrs requested; 24 hrs required. Please do not disturb occupant.
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
- $940.02 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,100 | 1,030 | 54% |
| Lot Size | 38,857 | 41,217 | 29% |
| Price | $490.0K | $550.0K | 32% |
| Price per sq ft | $445 | $575 | 15% |
| Built year | 2005 | 2007 | 32% |
| HOA | $940.02 | $921 | 54% |
| Days on market | 207 | 213 | 44% |
Pricing History
Listed for Sale
Aug 11, 2025
$490,000
Initial Listing
Sold
Oct 29, 2015
$605,000
Public Record
Sold
Apr 25, 2007
$515,000
Public Record