
Los Angeles, California 90015
This 1,200 SF Condominium represents a Strong Value Opportunity, listed at $489,000—positioned well below the $528,240 Fair Market Value by 7%. This valuation gap offers $39,240 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit includes newer A/C, engineered wood flooring, and EV parking. Located in South Park, this residence offers a rare combination of park views and resort-style amenities. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking value in DTLA.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1111 S Grand Avenue 716 Subject | $489,000* List Price | 1 | 2 | 1,200 | $440 | - |
A 1111 S Grand Avenue 605 Sold | $469,000 | 1 | 1 | 1,100 | $426 | 0.0 mi |
B 1155 S Grand Avenue 1103 Sold | $575,000 | 1 | 2 | 1,120 | $513 | 0.1 mi |
C 1130 S Flower Street 208 Sold | $530,000 | 1 | 2 | 1,260 | $421 | 0.1 mi |
D 600 W 9th Street 1216 Sold | $625,000 | 2 | 2 | 1,264 | $494 | 0.3 mi |
E 600 W 9th Street 305 Sold | $575,000 | 2 | 2 | 1,193 | $482 | 0.3 mi |
F 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, the property is well-maintained and features several recent upgrades including a newer A/C system, newer engineered wood flooring, and updated bathrooms. The kitchen and living spaces are functional and move-in ready, meeting the criteria for a well-maintained home in the 10-20 year range with recent improvements.
At approximately $408/SF, this residence is the lowest-priced unit per square foot in the building, offering significant interior space and value compared to local market averages.
The property includes a dedicated EV charging station and private storage located directly at the parking space, providing rare and highly sought-after convenience for urban living.
This oversized 1,200 SF floor plan features a rare two-bathroom configuration, newer A/C, and updated engineered wood flooring, enhancing both functionality and modern appeal.
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 monthly HOA fee of $1,102.01 is relatively high for a one-bedroom unit, which may impact overall affordability and debt-to-income ratios for prospective buyers.
The current list price of $489,000 is significantly lower than the 2018 sale price of $650,000, suggesting a notable depreciation in equity over the past several years.
Lowest $/SF at Elleven | Approx. 1,200 SF | 2 Baths | Park View | Private Storage | EV Parking. Offered at $489,000, #716 is currently the lowest-priced residence per square foot available at Elleven at approximately $408/SF. One of the building's largest one-bedroom floor plans, this residence combines approximately 1,200 square feet with features difficult to match at this price: two bathrooms, park views, private storage located directly at the parking space, and secured parking with its own dedicated EV charging station. French-style doors open to a Juliet balcony overlooking the park, bringing natural light into the generous open-concept living and dining areas. Newer engineered wood flooring runs throughout the main living spaces, while the open kitchen provides an easy flow for entertaining and everyday living. The spacious primary sleeping area features a custom-built walk-in closet, while thoughtful updates to both the primary bath and separate guest powder room add to the home's appeal. Additional improvements include a newer A/C system, in-unit laundry, and abundant interior storage. Residents of Elleven enjoy resort-style amenities including a pool and spa, outdoor barbecue and lounge areas, beautifully maintained common spaces, and 24-hour front desk and security. Ideally located in South Park, moments from Whole Foods Market, Crypto.com Arena, L.A. Live, Metro, USC, FIDM, restaurants, cafs, fitness studios, and many of Downtown Los Angeles' entertainment and cultural destinations. For buyers looking to maximize space and value in DTLA, #716 delivers a rare combination of size, upgrades, storage, EV parking, park views, and full-service living offered at $489,000.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,200 | 1,219.385 |
| Lot Size | 38,857 | 27,236.074 |
| Price | $489.0K | $800.2K |
| Price per sq ft | $408 | $650 |
| Built year | 2005 | 1979 |
| HOA | $1102.01 | $685 |
| Days on market | 16 | 72 |
Aug 24, 2026
$489,000
Initial Listing
Jan 31, 2018
$650,000
Public Record