1111 S Grand Avenue 819, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath

1111 S Grand Avenue 819, Los Angeles, California 90015 home-pic-0
ACTIVE$510,000
1111 S Grand Avenue 819, Los Angeles, California 90015
1Bed
1Bath
790Sqft
38,857Lot
Year Built
2005
Close
-
List price
$510K
Original List price
$530K
Price/Sqft
$646
HOA
$825
Days on market
-
Sold On
-
MLS number
24466297
Home ConditionGood
Features
Excellent View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $510.0K(35th), sqft - 790(29th), beds - 1(50th), baths - 1(50th).

This sunlit loft, located in the award-winning Elleven Lofts, Downtown LA's first green residential building, is an incredible opportunity to own an environmentally responsible home in the heart of the South Park District. This soft loft features a designated bedroom area with a custom closet, bamboo floors, granite countertops, stainless steel appliances, and an in-unit laundry room with energy-efficient washer and dryer. A full wall of expansive sliding glass windows offers spectacular views and floods the space with natural light. The building's exceptional amenities include 24/7 security and concierge service, an outdoor terrace with a fireplace, serene waterfalls, Viking BBQ grills, a gorgeous pool, and a spa. The unit also includes one parking space and a rare separate, deeded storage unit. Conveniently located within walking distance of the Crypto.com Arena, LA Live, and some of Downtown's best restaurants and bars, this unique loft blends urban luxury with eco-conscious living, a must-see property.

Price History

Date
Event
Price
12/06/22
Sold
$8,500
08/14/15
Sold
$527,500
10/29/08
Sold
$446,000
Condition Rating
Good

Built in 2005, this loft is 19 years old and falls within the 'Good' category's age range. The images confirm a well-maintained property with minimal wear and tear. The kitchen features stainless steel appliances and granite countertops, which are functional and in good condition, though the style reflects its build era rather than a recent, extensive renovation. Bamboo flooring is a durable and attractive choice. The bathroom is clean and modern for its age. The property is move-in ready with no immediate renovation required, and major systems appear functional and within their expected lifespan.
Pros & Cons

Pros

Exceptional Location: Situated in the heart of Downtown LA's South Park District, offering unparalleled walkability to major attractions like Crypto.com Arena, LA Live, and a vibrant selection of restaurants and bars.
Premium Building Amenities: The Elleven Lofts provide a luxurious lifestyle with 24/7 security and concierge, an outdoor terrace with fireplace, serene waterfalls, Viking BBQ grills, a gorgeous pool, and a spa.
Eco-Conscious & Award-Winning Building: As Downtown LA's first green residential building, Elleven Lofts offers an environmentally responsible home in an award-winning complex, appealing to eco-minded buyers.
Desirable Unit Features & Natural Light: The unit boasts modern finishes including bamboo floors, granite countertops, stainless steel appliances, in-unit laundry, a custom closet, and abundant natural light with city views from expansive sliding glass windows.
Valuable Additional Inclusions: Includes a dedicated parking space and a rare separate, deeded storage unit, adding significant convenience and value for urban living.

Cons

High Monthly Association Fee: The $825.0 monthly association fee is substantial and can significantly impact the overall cost of ownership and buyer affordability.
Soft Loft Layout: The 'soft loft' design with a 'designated bedroom area' may lack the privacy and traditional separation of a fully enclosed bedroom, potentially limiting its appeal to some buyers.
Compact Living Space: At 790 sqft, the unit offers limited living space, which might be a constraint for buyers seeking more room or for those with extensive furniture or belongings.

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