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$575,000

Beds
1
Baths
1.0
sq ft
1,100

1111 S Grand Ave Unit 702, Los Angeles, CA 90015

1111 S Grand Ave Unit 702

Los Angeles, CA 90015

  • 160 days on market
    • Price drop $15,000↓
PRICE JUST REDUCED! Beautifully remodeled loft-condo in Elleven, the premier luxury living in South Park, DTLA, with panoramic West-facing views of the pool and sundeck, from floor-to-ceiling windows. The unit has new hardwood floors, sliding doors in the bedroom, granite kitchen countertops with stone countertop kitchen island, stainless steel appliances, and a large utility room with hi-end W&D. Elleven is a LEED-certified Green building (benefits incl. low electricity costs). Building amenities incl. 1 assigned parking space, lobby with clubhouse/multi-purpose recreational room, 24/7 security & concierge, and a half-acre sized outdoor common area terrace with lap-pool, spa (hot tub), sundeck, and BBQ & lounge area. South Park is the quiet and highly manicured part of Downtown LA. Mere steps to Crypto.com Arena, LA Live, Regal Cinemas, Whole Foods, and an abundant restaurant and the mixology bar scene. This is a GREAT time to live & invest in Downtown LA: U.S. SUPREME COURT HAS RULED THAT CITIES CAN BAN HOMELESS ENCAMPMENTS & BILLIONS of dollars are going into DTLA development projects in preparation for the 2026 World Cup, and 2028 Summer Olympics, incl. newly paved streets everywhere, plus exciting new construction in the neighborhood. AGENTS SEE PRIVATE & SHOWING REMARKS!

Details

Property type

Condominium

Est. home value

$688,090

Property condition

Updated/Remodeled

Lot size

0.8918 acres

Price per sq ft

$523

Year built

2005

Monthly HOA fee

$908.92

Price History

12/07/2024
CLAW

CLAW #24417535

Price change
$575,000
-2.54%
08/28/2024
CLAW

CLAW #24417535

Price change
$590,000
-1.67%
07/30/2024
CLAW

CLAW #24417535

Price change
$600,000
-1.64%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated

High school district: 

Los Angeles Unified

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

$246,836
Asking price
$575,000
Closing costs (~8% of asking)
-$46,000
Est. remaining loan balance
-$282,164
Cash to seller
$246,836

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

Seller’s Loan History

Lender

Pacific Bay Lending Group

Loan start date

October 2015

Original loan amount

$350,000

Est. remaining balance

$282,164

Interest rate

3.89%

Loan type

New Conventional, 30 year

Seller

Clara Suh

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 1:40 PM

Listing updated: 12/19/2024 at 4:52 AM

Listed by: Rasmus Ray Lee, Premier Real Estate Broker, Inc. Phone #: (213) 995-5055

MLS: CLAW #24417535

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