1111 S Grand Avenue 817, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath
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1111 S Grand Avenue 817
Los Angeles, California 90015
ACTIVE
CONDITION: EXCELLENT
1Beds
1Baths
960Sq Ft
38,857Lot Size
Property Price
LIST PRICE$498,888
EST. MARKET VALUE
$520,101
4% BelowMARKET VALUE
SUMMARY
This Turnkey Modern Loft represents a Strong Value Opportunity, listed at $498,888—positioned well below the $520,101 Fair Market Value by 4%. This valuation gap offers $21,213 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the unit includes new Acacia floors, a new HVAC system, and premium appliances. With a Walk Score of 95 and luxury building amenities like a lap pool and spa, this property is an ideal choice for first-time buyers or urban professionals seeking a sophisticated, move-in-ready lifestyle.
Estimated Market Value
$520,101+$21,213 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1111 S Grand Avenue 817 Subject 1 bd · 1 ba · 960 sqft · $542 | $498,888* List Price | 1 | 1 | 960 | $542 | - |
A 1100 S Hope Street 914 Sold 1 bd · 1 ba · 947 sqft · $523 · 0.0 mi | $495,000 | 1 | 1 | 947 | $523 | 0.0 mi |
B 1111 S Grand Avenue 605 Sold 1 bd · 1 ba · 1,100 sqft · $426 · 0.0 mi | $469,000 | 1 | 1 | 1,100 | $426 | 0.0 mi |
C 1111 S Grand Avenue 716 Sold 1 bd · 2 ba · 1,200 sqft · $404 · 0.0 mi | $485,000 | 1 | 2 | 1,200 | $404 | 0.0 mi |
D 901 S Flower Street 714 Sold 1 bd · 1 ba · 910 sqft · $582 · 0.3 mi | $530,000 | 1 | 1 | 910 | $582 | 0.3 mi |
E 645 W 9th Street 715 Sold 2 bd · 2 ba · 960 sqft · $613 · 0.3 mi | $588,000 | 2 | 2 | 960 | $613 | 0.3 mi |
F 1155 S Grand Avenue 1103 Sold 1 bd · 2 ba · 1,120 sqft · $513 · 0.1 mi | $575,000 | 1 | 2 | 1,120 | $513 | 0.1 mi |
G 939 S Broadway 404 Sold 1 bd · 1 ba · 750 sqft · $590 · 0.3 mi | $442,825 | 1 | 1 | 750 | $590 | 0.3 mi |
H 600 W 9th Street 305 Sold 2 bd · 2 ba · 1,193 sqft · $482 · 0.3 mi | $575,000 | 2 | 2 | 1,193 | $482 | 0.3 mi |
I 1111 S Grand Avenue 412 Active 1 bd · 1 ba · 930 sqft · $526 · 0.0 mi | $489,000 List Price | 1 | 1 | 930 | $526 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Completely remodeled loft featuring a new HVAC system, brand new stainless steel appliances, new Acacia hardwood floors, and fresh paint. The unit is in mint condition with modern finishes and updated systems.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Modern Remodel
The loft has been completely renovated with high-end Acacia flooring, new lighting, and a brand-new AC system, offering a move-in-ready experience with contemporary finishes.
- Prime Urban Walkability
With a Walk Score of 95, the property is situated in the heart of the Social District, providing immediate access to Whole Foods, Target, and major transit hubs.
- Premium Building Amenities
Located in a LEED-certified building, residents enjoy luxury facilities including a lap pool, spa, and sun terrace, along with the added value of deeded parking.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- High Monthly Carrying Costs
The association fee of $1,084 per month is significantly high for a one-bedroom unit, which may impact the overall affordability and debt-to-income ratio for buyers.
- Stagnant Value Appreciation
The current list price of $498,888 is notably lower than the 2017 sale price of $548,000, suggesting a lack of capital appreciation over the last several years.
About 1111 S Grand Avenue 817
This completely remodeled loft in the heart of the Social District has everything you are looking for in a loft. Enclosed bedroom, new Air Conditioning System, brand new appliances, new Acacia floors, fresh paint and new lighting. The large windows offer a serene tree line view with tons of natural light. The kitchen area is open to the large living area, while an oversized in-unit utility room with premium washer and dryer adds exceptional convenience. Elleven is a 2006 LEED certified building with a lap pool, spa, sun terrace with BBQs and lobby. Parking is deeded. A short walk to Whole Foods, Target, tons of dining & entertainment options, the PICO train stop and much more. With a walk Score of 95 you may never need to drive again!
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
- $1084.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 960 | 1,252.996 |
| Lot Size | 38,857 | 26,029.603 |
| Price | $498.9K | $778.5K |
| Price per sq ft | $520 | $629 |
| Built year | 2005 | 1981 |
| HOA | $1084.0 | $676 |
| Days on market | 38 | 74 |
Pricing History
Listed for Sale
Oct 2, 2026
$498,888
Initial Listing
Sold
Oct 6, 2017
$548,000
Public Record
Sold
Dec 1, 2010
$359,000
Public Record