tomo logo

$595,000

Beds
1
Baths
1.0
sq ft
1,030

1111 S Grand Ave Unit 405, Los Angeles, CA 90015

1111 S Grand Ave Unit 405

Los Angeles, CA 90015

  • 53 days on market
    • Price drop $25,000↓
Fantastic Price For This Loft at the very popular Elleven Building in Los Angeles. Great walkability with Starbucks, Whole Foods, Pine and Crane and Bottega Louie as some of the popular nearby spots. For this particular loft, it is sought after with its direct courtyard-access location, updated flooring and lovely and large open concept flow. Upon exiting your double doors to the patio area you have privacy but yet you will have easy access to the BBQ area and fire pit amenity and the pool is also on this courtyard level. Other building amenities are a concierge, gated parking and security. A wonderful city lifestyle for a wonderful price. This is a 1 bedroom loft on title but is set up as a studio. This property is only 2.5 miles to USC and 0.3 miles to LA Live. Owner has upgraded the terrace curtains to roller shades. Make your appointment today.

Details

Property type

Condominium

Est. home value

$586,682

Lot size

0.892 acres

Price per sq ft

$578

Year built

2005

Monthly HOA fee

$900

Price History

10/08/2024
CLAW

CLAW #24440267

Price change
$595,000
-4.03%
09/16/2024
CLAW

CLAW #24440267

Listed
$620,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

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

$360,013
Asking price
$595,000
Closing costs (~8% of asking)
-$47,600
Est. remaining loan balance
-$187,387
Cash to seller
$360,013

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

Seller’s Loan History

Lender

Imc Mortgage Corp

Loan start date

December 2020

Original loan amount

$218,300

Est. remaining balance

$187,387

Interest rate

2.8%

Loan type

New Conventional, 21 year

Seller

Abel Aguilar and Lorraina Aguilar

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: 11/08/2024 at 6:30 AM

Listing updated: 10/30/2024 at 4:35 AM

Listed by: Yvonne Neustadter, The Property Lab, Inc. Phone #: (310) 248-0047

MLS: CLAW #24440267

CLAW logo

Recently listed in Los Angeles

$2,400,000|2 bd|4.0 ba|House
$1,299,000|5 bd|2.75 ba|House
$1,611,110|2 bd|2.0 ba|House
$2,595,000|3 bd|2.5 ba|House
$7,695,000|5 bd|8.0 ba|House
$2,395,000|4 bd|3.5 ba|House
$1,150,000|2 bd|2.0 ba|House
$9,995,000|7 bd|7.5 ba|House
$5,495,000|4 bd|4.0 ba|House