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$745,000

Beds
1
Baths
1.0
sq ft
830

1050 S Grand Ave Unit 1107, Los Angeles, CA 90015

1050 S Grand Ave Unit 1107

Los Angeles, CA 90015

  • 198 days on market
    • Price drop $50,000↓
This beautifully upgraded former model home features a one-bedroom suite and a versatile den with a built-in Murphy bed, easily converting from an office to a full bedroom. Come home to this luxurious, South facing condo at the Ten50 building in Downtown Los Angeles. This is South Park's most luxurious residence. This is the former model house of Ten50 and everything is upgraded. Offering 1 bedroom plus a den (to use as an office or bedding for a guest). This units large windows provide plenty of light throughout the day. The open windows also bring in plenty of fresh air from the South winds. Open floor plan with plenty of space to relax and entertain. Close to the arts, culture, entertainment, shopping, exquisite dining, walking distance to Staples Center, Whole Foods, Ralphs and many more. This one bedroom and den floor plan is the most popular plan, with a custom built Murphy bed with cabinets/closets, making for the perfect guest bedroom or office space. Luxuriously appointed throughout with engineered flooring in the living room, kitchen, den, upgraded carpet in the master bedroom, custom motorized shades, italian cabinetry, carrara marble kitchen counter tops, stainless steel Liebherr refrigerator, Bertazzoni range, Bosch dishwasher, Bosch oven, Hansgrohe fixtures and recessed lighting. There is also a stacked washer/dryer inside unit and central AC/heat. Association amenities include 24/7 on-site concierge, a resort-style pool, indoor/outdoor lounge, gym, yoga deck, screening room, private dining room and 1 assigned secure gated parking space with plenty of guest parking spaces. You don't want to miss this great opportunity!

Details

Property type

Condominium

Est. home value

$703,150

Lot size

0.503 acres

Price per sq ft

$898

Year built

2017

Monthly HOA fee

$800

Price History

07/02/2024
CRMLS

CRMLS #WS24118912

Price change
$745,000
-6.29%
06/11/2024
CRMLS

CRMLS #WS24118912

Listed
$795,000
+9.66%
06/22/2021
CLAW

CLAW #21696046

Sold
$725,000
+0.69%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Street Lights

High school district: 

Los Angeles Unified

Number of units in community: 

150

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$216,535
Asking price
$745,000
Closing costs (~8% of asking)
-$59,600
Est. remaining loan balance
-$468,865
Cash to seller
$216,535

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Pmac Lending Services Inc

Loan start date

June 2021

Original loan amount

$507,500

Est. remaining balance

$468,865

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Jingwei Li

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/26/2024 at 12:05 PM

Listing updated: 12/04/2024 at 6:01 PM

Listed by: KEVIN TRUONG, Hot Homes LA Phone #: (909) 595-8810

MLS: CRMLS #WS24118912

CRMLS logo

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