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$625,000

Beds
2
Baths
2.0
sq ft
1,200

801 S Grand Ave Unit 1806, Los Angeles, CA 90017

801 S Grand Ave Unit 1806

Los Angeles, CA 90017

  • 93 days on market
    • Price drop $124,000↓
HUGE PRICE DROP $125,000!!! Situated at 801 S Grand Avenue, The Sky Lofts is housed within a 22-story granite tower at the intersection of S Grand Ave and W 8th Street. This stunning loft-style condo offers breathtaking views of downtown Los Angeles. Residents can enjoy a range of building amenities, including a 24-hour front desk, a screening room, a community lounge, and a top-notch gym. Conveniently located near LA Live, shopping centers, and restaurants, the property is also in close proximity to Whole Foods and Ralphs. Recently renovated, this unit features new floors throughout, a wall with a pocket door to separate the bedroom from living room, laundry hookups for a separate washer and dryer, and toilet hookup for an electronic toilet in the master bathroom. Additionally, upgrades include new upper kitchen cabinets, a refrigerator, desk cabinets, smart electronic blackout shades, smart dimmer switches, a Nest thermostat, a reverse osmosis filtration system for drinking water, and an EV charger (one of the two non-tandem deeded parking spots, one of only two units in the building with this feature). The residential lobby is situated on the west side of the 801 S Grand Tower, accessible from the W 8th Street side. To reach the lobby, follow the driveway and walkway located approximately 150 feet west of S Grand Ave on the south side of W 8th St. Look for the blue "Sky" sign and use the walkway to head towards the center of the Tower, where the lobby will be on your left.

Details

Property type

Condominium

Est. home value

$730,623

Lot size

1.3545 acres

Price per sq ft

$521

Year built

1985

Monthly HOA fee

$1,040

Price History

10/17/2024
CRMLS

CRMLS #BB24163085

Price change
$625,000
-16.56%
08/14/2024
CRMLS

CRMLS #BB24163085

Listed
$749,000
+7.15%
07/23/2024
CRMLS

CRMLS #BB24107326

Removed
$699,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Los Angeles Unified

Number of units in community: 

132

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

$60,171
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$514,829
Cash to seller
$60,171

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

Seller’s Loan History

Lender

Royal Pacific Funding Corp

Loan start date

March 2022

Original loan amount

$541,600

Est. remaining balance

$514,829

Interest rate

3.69%

Loan type

New Conventional, 30 year

Seller

Diana Truong

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: 11/15/2024 at 6:50 AM

Listing updated: 11/12/2024 at 10:05 AM

Listed by: Alin Glogovicean, Redfin Corporation Phone #: (877) 973-3346

MLS: CRMLS #BB24163085

CRMLS logo

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