1111 S Grand Avenue 702, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath
ACTIVE$490,000
1111 S Grand Avenue 702, Los Angeles, California 90015
1Bed
1Bath
1,100Sqft
38,857Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional DTLA Location: Situated in the desirable South Park district, offering high walkability and immediate access to major attractions like Crypto Arena, LA Live, and Whole Foods.
Top Cons:
Substantial HOA Fees: The monthly association fee of $940.02 is notably high, impacting overall ownership costs and potential investment yield.
Compared to the nearby listings
Price:$490.0K vs avg $555.0K ($-65,000)27%
Size:1,100 sqft vs avg 1,035 sqft58%
Price/sqft:$445 vs avg $60310%
More Insights
Built in 2005 (20 years old).
Condition: Built in 2005, this property is 19 years old and falls within the 'Good' category's age range. The kitchen features stainless steel appliances and granite countertops, which are functional and well-maintained, though the style reflects its original build era rather than a recent renovation. The bathroom also presents as clean and functional with granite. Hardwood floors throughout the main living areas are a plus. The unit appears move-in ready with no immediate renovations required, and major systems are likely within their expected lifespan, aligning with the criteria for a 'Good' condition score.
Year Built
2005
Close
-
List price
$490K
Original List price
$490K
Price/Sqft
$445
HOA
$940.02
Days on market
-
Sold On
-
MLS number
BB25180277
Home ConditionGood
Features
Good View: City Lights, Courtyard, Pool, Trees/Woods
Pool
Spa
Patio
ViewCity Lights,Courtyard,Pool,Trees/Woods
About this home
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.
Price History
Date
Event
Price
10/29/15
Sold
$605,000
04/25/07
Sold
$515,000
Condition Rating
Good
Built in 2005, this property is 19 years old and falls within the 'Good' category's age range. The kitchen features stainless steel appliances and granite countertops, which are functional and well-maintained, though the style reflects its original build era rather than a recent renovation. The bathroom also presents as clean and functional with granite. Hardwood floors throughout the main living areas are a plus. The unit appears move-in ready with no immediate renovations required, and major systems are likely within their expected lifespan, aligning with the criteria for a 'Good' condition score.
Pros & Cons
Pros
Exceptional DTLA Location: Situated in the desirable South Park district, offering high walkability and immediate access to major attractions like Crypto Arena, LA Live, and Whole Foods.
Immediate Rental Income: Comes with a tenant in place on a 9-month lease at $2,700/month, providing instant cash flow and investment flexibility.
Spacious & Modern Loft Design: A generous 1,100 sqft 1-bedroom loft featuring an open, gallery-style plan, hardwood floors, floor-to-ceiling glass, and an upgraded entertainer's kitchen.
Premium Building Amenities: Residents benefit from a comprehensive amenity package including a lap pool, spa, 1/2-acre outdoor terrace with BBQ lounges, 24-hour concierge/security, clubhouse, and lounge.
LEED Certified & Valued Parking: Located in a 2005 LEED-verified tower, indicating quality and efficiency, and includes a highly sought-after assigned, gated parking space.
Cons
Substantial HOA Fees: The monthly association fee of $940.02 is notably high, impacting overall ownership costs and potential investment yield.
Occupancy & Showing Limitations: The property is sold subject to an existing lease, restricting immediate owner occupancy and requiring strict advance notice for showings, which can deter some buyers.
Single Bedroom Configuration: As a 1-bedroom unit, it may not cater to buyers requiring more living space or additional rooms, potentially narrowing the target market.