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$1,500,000

Beds
3
Baths
2.0
sq ft
2,060

1111 S Grand Ave Unit 1117, Los Angeles, CA 90015

1111 S Grand Ave Unit 1117

Los Angeles, CA 90015

  • 67 days on market
    • Price drop $90,000↓
**HUGE PRICE REDUCTION**Rare Three Bedroom Unit in DTLA that is NOT a Soft Loft. A Remarkable Unit in South Park DTLA, one of the most desired areas in DTLA. Come take a look at this unit that is in TURNKEY condition, tastefully remodeled from top to bottom, Seller has remodeled this home as a Primary Residence, Not a Home that was meant to be flipped. Custom Shoe Cabinet flushed in to the entrance corridor that can fit more than 100+ shoes with enough depth to fit any and every kind of shoes. Bathrooms come equipped with ToTo Bidet which is one of the most expensive toilet/bidet that's on the market. 3rd Bedroom has been converted to a Multi-Purpose room with a Treadmill, Custom Made Cabinetry to fit 2 Brand New top of the Refrigerators. Second Bedroom which is a large bedroom has been demised and converted into two small rooms, one of them being used as an office / meditation room. Second bedroom is still large enough to be used as a normal bedroom and did not compromise much space to create the den next to it. The Primary Master Bedroom has been reconfigured and remodeled completely. New Walk in Closet has been installed, and the Master Bathroom has been remodeled with a Powder/Vanity area, Walk-in Shower with a Large Tub to compliment the Shower room that's been created. All appliances have been imported from Germany with little to barely any use. Custom made Kitchen Cabinets to Compliment all the Luxury Appliances. Brand New Luxury Automatic Blinds for every window in the Unit. The List will go on forever to describe the remaining work the Seller has done. You Must See this Unit to appreciate the tasteful and thoughtful design the Seller has put into this Unit.

Details

Property type

Condominium

Est. home value

$1,754,389

Property condition

Updated/Remodeled

Lot size

0.892 acres

Price per sq ft

$729

Year built

2005

Monthly HOA fee

$1,016

Price History

11/13/2024
CLAW

CLAW #24437305

Price change
$1,500,000
-5.66%
10/01/2024
CLAW

CLAW #24437305

Price change
$1,590,000
-5.92%
09/08/2024
CLAW

CLAW #24437305

Listed
$1,690,000
+16.55%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$338,432
Asking price
$1,500,000
Closing costs (~8% of asking)
-$120,000
Est. remaining loan balance
-$1,041,568
Cash to seller
$338,432

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

Seller’s Loan History

Lender

Mk Lending Corp

Loan start date

April 2019

Original loan amount

$1,160,000

Est. remaining balance

$1,041,568

Interest rate

4.37%

Loan type

New Conventional, 30 year

Seller

Daniel S Lee

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: 11/14/2024 at 6:05 PM

Listing updated: 11/13/2024 at 2:50 PM

Listed by: John Kim, SP Residential Inc Phone #: (213) 389-5888

MLS: CLAW #24437305

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