1111 S Grand Avenue 702, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath
Loading property details...
Los Angeles, California 90015
This Turnkey LEED-Certified Loft is listed at $475,000, representing a stable and fair entry point at its $475,000 Fair Market Value. Maintaining a Good Condition Rating, the 1,100 sqft residence features an entertainer’s Granite Kitchen, hardwood flooring, and expansive Pool Terrace Views. Located in DTLA’s premier South Park district, the property includes a tenant currently generating $2,700/month, offering immediate cash flow and high rental demand. With luxury amenities and a high WalkScore near Crypto Arena, this is a premier choice for Owner-Occupants or Buy-and-Hold Investors seeking a low-maintenance urban asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1111 S Grand Avenue 702 Subject | $475,000* List Price | 1 | 1 | 1,100 | $432 | - |
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 1111 S Grand Avenue 608 Sold | $470,000 | 1 | 1 | 1,040 | $452 | - |
E 645 W 9th Street 741 Sold | $420,000 | 1 | 1 | 790 | $532 | 0.3 mi |
F 1130 S Flower Street 211 Sold | $574,000 | 1 | 2 | 1,350 | $425 | 0.1 mi |
G 1130 S Flower Street 208 Active | $549,000 List Price | 1 | 2 | 1,260 | $436 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
Situated in DTLA's desirable South Park, boasting a high WalkScore and proximity to major attractions like Crypto Arena, LA Live, and Whole Foods.
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.
The association fee of $940.02 is substantial and adds significantly to the monthly cost of ownership.
The sale is subject to an existing lease, preventing immediate owner-occupancy and requiring advance notice for showings, which can deter some buyers.
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.
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.
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 | 1.5 | 50% |
| Square foot | 1,100 | 1,100 | 50% |
| Lot Size | 38,857 | 41,217 | 25% |
| Price | $475.0K | $595.5K | 19% |
| Price per sq ft | $432 | $608 | 11% |
| Built year | 2005 | 2007 | 22% |
| HOA | $940.02 | $946 | 47% |
| Days on market | 254 | 218 | 67% |
Mar 27, 2026
$475,000
$490,000
-3% Price Drop
Initial Listing
Aug 11, 2025
$490,000
Initial Listing
Oct 29, 2015
$605,000
Public Record
Apr 25, 2007
$515,000
Public Record