801 S Grand Avenue 1608, Los Angeles, California 90017, Los Angeles, 90017 - 2 bed, 2 bath
801 S Grand Avenue 1608
Los Angeles, California 90017
Property Price
SUMMARY
Analysis of 801 S Grand Avenue 1608, Los Angeles, California 90017 is currently available with a list price of $669,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property, despite the building being built in 1985, underwent a major building transformation in 2005. More importantly, the unit itself features a 'Chef's dream kitchen with modern appliances' and 'hardwood floor through-out,' as stated in the description. The images confirm a highly modern kitchen with sleek flat-panel cabinetry, stainless steel appliances, and solid surface countertops, all appearing virtually new and meeting current quality standards. The bathrooms also showcase modern vanities, dual sinks, and glass-enclosed showers, indicating recent updates and excellent maintenance. The overall interior condition, particularly the kitchen and bathrooms, suggests extensive renovation within the last 5-10 years, making it move-in ready with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Location
Situated in the highly desirable South Park and Financial District, offering a vibrant downtown LA lifestyle with immediate access to Whole Foods, Bottega Louie, The Block, Metro station, and LA Live.
- Exceptional Building Amenities & Modernization
The SKY Lofts building underwent a major transformation in 2005, providing residents with modern amenities including a fitness center, private theater, social room with kitchen, high-speed elevators, and 24/7 front desk security.
- Dedicated Parking & In-Unit Laundry
The unit includes two side-by-side assigned parking spaces, a significant advantage in downtown, along with the convenience of an in-unit combo washer/dryer.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly association fee of $1,000 is substantial and can significantly impact the overall cost of ownership and buyer affordability.
- Potential for Value Depreciation
The current list price of $669,000 is notably lower than the last recorded sale price of $785,000 in 2016, which may raise questions about market value trends or previous property condition.
- Original Building Age
While extensively modernized in 2005, the building's original construction year of 1985 means some underlying infrastructure may be older, potentially requiring future maintenance considerations compared to newer constructions.
About 801 S Grand Avenue 1608
Best location in South Park, Financial district, Downtown LA vibrant lifestyle. This high-rise beautiful Live and work Loft at the SKY Lofts, only few minutes' walk to Whole Foods, Bottega Louie, The Block, the Metro station, LA Live and much more. A major transformation took place in 2005 which modernized the 22-story building to newer fitness center, private theater, two story lobby, social room with kitchen, high-speed elevator, 24/7 front desk with security. Unit 1608 is assigned two side by side parking spaces, in unit combo washer/dryer, hardwood floor through-out, 10-foot-high ceilings, fantastic city views. The master suite offers large walk-in closet and bath with dual sinks. The second bedroom could be a den and is also completely private. The Chef's dream kitchen with modern appliances. Open spacious floor plan welcomes you. Move in and enjoy!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1985
- Lot Size
- 59,001 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1000.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Ninth Street School
Grades K-5 • 0.9 mi
John H. Liechty Middle School
Grades 6-8 • 0.9 mi
Belmont Senior High School
Grades 9-12 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 73% |
| Baths | 2.0 | 1.0 | 59% |
| Square foot | 1,220 | 837 | 82% |
| Lot Size | 59,001 | 71,352 | 41% |
| Price | $669.0K | $500.0K | 73% |
| Price per sq ft | $548 | $618 | 36% |
| Built year | 1985 | 2006 | 23% |
| HOA | $1000.0 | $831 | 64% |
| Days on market | 250 | 270 | 45% |
Pricing History
Sold
Feb 9, 2016
$785,000
Public Record