
Los Angeles, California 90015
This Strong Value Opportunity is a Rare Live/Work Condominium listed at $565,000, positioned above the $516,061 Fair Market Value. While priced at a premium, the property offers unique Live/Work Zoning in the heart of South Park, providing exceptional utility for business owners. With a Fair Condition Rating and original finishes, the unit serves as a blank canvas for modernization. Featuring City Lights views and a Walk Score of 93, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a high-connectivity urban lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1130 S Flower Street 215 Subject | $565,000* List Price | 1 | 2 | 1,260 | $432 | - |
A 1130 S Flower Street 208 Sold | $530,000 | 1 | 2 | 1,260 | $421 | 0.0 mi |
B 1130 S Flower Street 311 Sold | $555,000 | 1 | 2 | 1,316 | $422 | 0.0 mi |
C 1155 S Grand Avenue 1103 Sold | $575,000 | 1 | 2 | 1,120 | $513 | 0.1 mi |
D 1111 S Grand Avenue 605 Sold | $469,000 | 1 | 1 | 1,100 | $426 | 0.1 mi |
E 645 W 9th Street 712 Sold | $720,000 | 2 | 2 | 1,460 | $493 | 0.3 mi |
F 600 W 9th Street 1216 Sold | $625,000 | 2 | 2 | 1,264 | $494 | 0.3 mi |
G 600 W 9th Street 516 Sold | $640,000 | 2 | 2 | 1,264 | $506 | 0.3 mi |
H 330 W 11th Street 703 Sold | $650,000 | 2 | 2 | 1,571 | $414 | 0.2 mi |
I 1100 S Grand A503 Active | $525,000 List Price | 2 | 2 | 1,400 | $375 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003, the property is approximately 21-23 years old. While the unit is well-maintained and functional, the kitchen cabinetry, countertops, and exposed HVAC systems appear to be original to the construction, placing it in the 'Fair' category (>20 years) as the finishes are now dated and may require minor updates to meet modern luxury standards.
As one of the few buildings in South Park fully entitled for live/work use, this unit offers exceptional flexibility for entrepreneurs or creative professionals to legally operate a business from home.
With a perfect Transit Score of 100 and a Walk Score of 93, the property provides unparalleled access to LA Live, Crypto.com Arena, and the Pico Metro Station, making it a hub for urban convenience.
The HOA fee includes two reserved parking spaces and a robust technology package featuring high-speed WiFi and premium cable (HBO Max/Showtime), adding significant value and utility to the residence.
The monthly association fee of $1,100 is relatively high for a one-bedroom unit, which may impact buyer affordability and overall investment yield.
The primary west-facing view overlooks Oceanwide Plaza, a high-profile stalled megaproject, which presents visual uncertainty and potential long-term construction disruption until completion.
Rare Live/Work opportunity in the heart of South Park. One of the few buildings in the neighborhood zoned and fully entitled for live/work use, offering the flexibility to operate a home office or business while enjoying the comfort and convenience of a premier Downtown Los Angeles residence. This thoughtfully designed unit includes a flexible built-in area with sliding doors that can be used as office cubicles for a live/work occupant, adapted for creative or business use, or converted into a home gym depending on lifestyle needs. The west-facing floor plan offers floor-to-ceiling living room windows with views toward Oceanwide Plaza, DTLA's most talked-about stalled megaproject, now the subject of renewed ownership and completion efforts aimed at advancing the project in time for the 2028 Olympics. The bedroom overlooks the building's open-air common area corridor. Located in a pet-friendly building with a Walk Score of 93 and a Transit Score of 100, residents can explore the vibrant neighborhood with ease, including Pine & Crane, Orangetheory Fitness, South Park Grocery, Prank Bar, Culturas, Sonoritas, Starbucks, and more. Plus, you are just moments from Crypto.com Arena, LA Live, the Ritz-Carlton, USC Village, Whole Foods, Bottega Louie, and the Pico Metro Station, making commuting and city living effortless. The HOA includes two reserved parking spaces, as well as a Spectrum package with WiFi internet, basic cable, HBO Max, Showtime, one NVR, and one NR recording. Downtown Los Angeles continues to undergo major transformation in preparation for the 2028 Summer Olympics, with billions invested into new development, infrastructure, and neighborhood upgrades. Come experience the flexibility, convenience, and lifestyle that make South Park one of Downtown LA's most compelling places to live, work, and invest in the future of Los Angeles. The property is currently occupied by a tenant on a month-to-month basis. Agents: Please see private and showing remarks.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,260 | 1,243 |
| Lot Size | 44,583 | 24,016 |
| Price | $565.0K | $805.6K |
| Price per sq ft | $448 | $659 |
| Built year | 2003 | 1981 |
| HOA | $1100.0 | $684 |
| Days on market | 47 | 71 |
Jun 5, 2026
$565,000
Initial Listing
Oct 13, 2004
$650,000
Public Record
Oct 29, 2003
$435,000
Public Record