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1111 S Grand Avenue, Los Angeles, CA 90015
3
beds
3
baths
2726
ft2
· 38726
ft2 lot
$1,998,000
$733 / ft2
Listing provided courtesy of MAY CHEN, CALLAWAY REALTY, INC..
Source CRMLS.
Prime location in South Park downtown LA. Two story LIVE & WORK loft. *** Dual Entrance. ** Ground floor with large windows facing the Grand Ave. ** The upstairs loft has beautiful hardwood floor, granite counter, a large walk-in closet and a den ( can be 2nd bedroom) featuring a sliding glass door. ** Upgraded bathroom. Over-sized utility room with washer & dryer hook-up. Direct access from secured parking level. ** Both floors are ideal for showrooms, office space or residence. Units can be subdivided and leased separately. ** 2 side-by-side parking spaces & 2 large private storage rooms ( 200+ sqft) on the parking level. ** Building amenities incl: 24/7 security & concierge and outdoor common area terrace with pool, spa, sundeck and BBQ area. ** Green building, LEED Certified (benefits incl. low electricity costs). ** Adjacent to Starbucks and only two blocks from the Staples Center, LA Live, Ritz-Carlton, Park Hyatt Hotel, Regal Movie Theaters, Whole Foods and all of Downtown's restaurants and shops. ** Near Expo Line Light Rail Station ... Connects Downtown LA to USC, Santa Monica, Culver City, Universal City, Hollywood and South Bay Area.
HOA
$980/month
On market
8 months
Year built
2005
Property type
Condo
Parking
2
MLS
WS20179204
Price / Sq.Ft.
$733 / ft2
Status
Active
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Based on a price of $1,998,000
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Individual Room
•   
Appliances: Gas Range
•   
Has Appliances
•   
Security Features: 24 Hour Security, Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Sprinkler System, Smoke Detector(s)
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
•   
Room Information: All Bedrooms Up, Den, Loft
•   
Entry Level: 1
Heating & Cooling
•   
Cooling Details: Central Air
Interior Size
•   
Building Area Total: 2726.00
Property, Lot, Community & Exterior Features
Community Info
•   
Hoa Exists
•   
Number Of Buildings: 1
•   
Hoa Name: Elleven HOA
•   
Total Units: 2
Building Info
•   
Entry Location: Ground
•   
Building Area Units: Square Feet
•   
Stories Total: 13
•   
Num Stories: Two
•   
Year Built Source: Assessor
Parking Info
•   
Parking Available: 1
•   
Parking Features: Assigned
•   
Garage Spaces: 2.00
Property Features
•   
View: City Lights, Park/Greenbelt
•   
Common Walls: 2+ Common Walls
•   
Pool Details: Association
Lot Info
•   
Zoning: LAR5
•   
Lot Features: 36-40 Units/Acre
•   
Lot Size Source: Builder
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.8890
•   
Lot Size Area: 38726.0000
•   
Lot Size Units: Square Feet
Property Type
•   
Common Interest: Condominium
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 1
•   
Number Of Separate Gas Meters: 1
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Assesments Information
•   
Assessments: Unknown
Listing Details, Costs & Financing Information
Financial Info
•   
Tenant Pays: All Utilities
•   
Water Sewer Expense: 0.00
•   
Cap Rate: 4.12
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 24500.00
•   
Insurance Expense: 500.00
•   
Professional Management Expense: 0.00
•   
Total Expenses: 25000.00
•   
Gross Scheduled Income: 120000.00
•   
Operating Expense: 25000.00
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 120000.00
•   
Tax Year: 2020
•   
Taxes: 14432.0
Lease Info
•   
Net Operating Income: 95000.00
Hoa
•   
Hoa Amenities: Pool, Spa/Hot Tub, Fire Pit, Outdoor Cooking Area, Concierge, Gas, Insurance, Trash, Pet Rules, Management, Security, Controlled Access
•   
Hoa Fee Frequency: Monthly
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 5000.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Has Attached Garage
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 2
•   
Unit 2 Garage Spaces: 1.00
•   
Unit 2 Total Rent: 5000.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 1
•   
Has Attached Garage
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 1.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 5000.00
•   
Unit 1 Total Rent: 5000.00
Multi Unit Information
•   
# Of Units: 2
School Neighborhood & Directions
Location
•   
Community Features: Curbs
•   
Directions: Corner of Grand Ave and 12th Street. Just a few blocks from Staples Ctr., LA Live, Ritz-Carlton.
Other
Calculation
•   
Dom: 111
•   
Cdom: 111
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 19, 2021 1:49pm
Neighborhood snapshot
94
Properties for sale
56.5
Median days on market
$649.56
Median sold price/sqft
97.45%
Sold/List %
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Property History
08/31/2020
08/31/2020
CRMLS #WS20179204
active
CRMLS #WS20179204
$1,998,000
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