1050 S Grand Avenue 705, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath

1050 S Grand Avenue 705, Los Angeles, California 90015 home-pic-0
ACTIVE$540,000
1050 S Grand Avenue 705, Los Angeles, California 90015
1Bed
1Bath
683Sqft
21,902Lot
Year Built
2017
Close
-
List price
$540K
Original List price
$550K
Price/Sqft
$791
HOA
$700
Days on market
-
Sold On
-
MLS number
DW25070481
Home ConditionExcellent
Features
Good View: City Lights, Pool
Pool
Spa
ViewCity Lights,Pool

About this home

We found 3 Cons,5 Pros. Rank: price - $540.0K(40th), sqft - 683(12th), beds - 1(50th), baths - 1(50th).

Welcome to this exquisite 1 bedroom, 1 bath condo located in the vibrant and highly sought-after neighborhood of South Park, Los Angeles. Situated in close proximity to the renowned Crypto. This stunning residence offers an unparalleled urban living experience with convenient access to entertainment, dining, shopping, and cultural attractions. The living area boasts a stylish and modern design, creating a welcoming atmosphere for relaxation and entertainment. The kitchen features sleek marble countertops, a full range of stainless-steel appliances, including a refrigerator, oven, and dishwasher. The condo also includes one parking space, providing ease and security for your vehicle. As a resident, you'll have access to an array of exceptional amenities. Take advantage of the sparkling pool, where you can soak up the California sunshine or enjoy a refreshing swim. Maintain an active lifestyle in the fully equipped fitness center, allowing you to stay fit without leaving the premises. You can also enjoy a screening room, conference room, and a stunning lounge that can be rented for private events by the residents. Parking is on the 5th floor (#125)

Nearby schools

5/10
Ninth Street School
Public,K-50.9mi
3/10
John H. Liechty Middle School
Public,6-81.1mi
3/10
Belmont Senior High School
Public,9-121.4mi

Price History

Date
Event
Price
08/05/20
Sold
$539,000
05/27/20
Sold
$560,000
04/18/17
Sold
$529,000
Condition Rating
Excellent

Built in 2017, this condo is only 7 years old, falling well within the 'built within 10 years' criteria for an excellent rating. The images confirm a stylish and modern design throughout, with a sleek kitchen featuring marble countertops and stainless-steel appliances, and a contemporary bathroom with a floating vanity and modern fixtures. All components appear new or virtually new, showing no signs of wear or deferred maintenance.
Pros & Cons

Pros

Prime Urban Location: Situated in the highly sought-after South Park neighborhood of Los Angeles, offering convenient access to entertainment, dining, shopping, and cultural attractions, including the Crypto.com Arena.
Extensive Building Amenities: Residents have access to a sparkling pool, fully equipped fitness center, screening room, conference room, and a lounge for private events, enhancing the urban living experience.
Modern Interior Finishes: The condo features a stylish and modern design with sleek marble countertops and a full range of stainless-steel appliances, providing a contemporary living space.
Newer Construction: Built in 2017, the property benefits from modern construction standards and infrastructure, potentially reducing immediate maintenance concerns.
Dedicated Parking Space: The inclusion of one dedicated parking space (on the 5th floor) is a significant advantage and convenience in a dense urban environment like downtown Los Angeles.

Cons

High Monthly Association Fee: The $700 monthly association fee is substantial for a 1-bedroom unit, adding significantly to the overall cost of ownership.
Compact Living Space: With 683 square feet, the unit offers a relatively small living area, which may limit appeal for buyers seeking more spacious accommodations.
Limited Appreciation Potential: The current list price is comparable to previous sales in 2017 and 2020, suggesting modest capital appreciation over recent years, which may concern investors or long-term buyers.

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