1155 S Grand Avenue 1510, Los Angeles, California 90015, Los Angeles, 90015 - 2 bed, 2 bath
ACTIVE$868,000
1155 S Grand Avenue 1510, Los Angeles, California 90015
2Beds
2Baths
1,170Sqft
52,748Lot
Year Built
2008
Close
-
List price
$868K
Original List price
$868K
Price/Sqft
$742
HOA
$1,038.99
Days on market
-
Sold On
-
MLS number
P1-22533
Home ConditionGood
Features
Excellent View: City Lights, Panoramic
Deck
Pool
Spa
ViewCity Lights,Panoramic
About this home
We found 3 Cons,5 Pros. Rank: price - $868.0K(71th), sqft - 1170(61th), beds - 2(57th), baths - 2(55th).
EVO Unit 1510 an open-concept layout that allows for seamless transition living, dining and entertaining spaces. Large windows flood the space with natural light, highligthing the sleek finishes and modern design. The gourmet kitchen is equipped with high-end appliances, custom cabinetry, and elegant backsplash that's perfect for both everyday living and hosting guests. The building offers an impressive array of amenities, including a fully-equipped fitness center, with pool with breathtaking views on the 6th floor, and 24/7 concierge services, ensruring that your needs are met with ease and luxury. Monthly rental is $ 4,000/month. Annual Lease.
Nearby schools
5/10
Ninth Street School
Public,•K-5•1.0mi
3/10
John H. Liechty Middle School
Public,•6-8•1.1mi
3/10
Belmont Senior High School
Public,•9-12•1.4mi
Price History
Date
Event
Price
09/21/12
Sold
$779,000
07/28/10
Sold
$715,007
Condition Rating
Good
Built in 2008, this property is 16 years old, fitting within the 'Good' category's age criteria (10-20 years). The images and description confirm a move-in ready condition with modern, sleek finishes. The kitchen features high-end, integrated appliances, custom flat-panel cabinetry, and solid surface countertops, all appearing well-maintained and contemporary. The bathroom boasts a modern double vanity with stylish fixtures and unique, well-kept slate flooring. Hardwood floors throughout the living areas are in excellent condition. While not newly built or extensively renovated within the last 5 years for an 'Excellent' rating, its current state, modern aesthetic, and lack of visible wear and tear make it a solid 'Good' property.
Pros & Cons
Pros
Prime Downtown Location & Panoramic Views: Situated in the vibrant heart of Downtown Los Angeles, this unit offers desirable panoramic city lights views, enhancing its appeal and potential value.
Modern & Stylish Interior Design: The property boasts an open-concept layout with large windows for abundant natural light, sleek finishes, modern design, and a gourmet kitchen equipped with high-end appliances and custom cabinetry.
Exceptional Building Amenities: Residents benefit from an impressive array of luxury amenities, including a fully-equipped fitness center, a pool with breathtaking views on the 6th floor, and 24/7 concierge services.
Strong Rental Income Potential: With an advertised monthly rental of $4,000/month on an annual lease, this property presents a solid investment opportunity or a significant income offset for an owner.
Newer Construction: Built in 2008, the building is relatively modern, suggesting contemporary construction standards and potentially fewer immediate maintenance concerns compared to older properties.
Cons
High Monthly Association Fees: The substantial monthly association fee of $1,038.99 adds a significant ongoing cost to ownership, which could impact affordability and buyer interest.
Urban Environment Drawbacks: As a downtown Los Angeles property, potential buyers may encounter challenges such as increased urban noise, traffic congestion, and limited immediate access to private green spaces.
Price Point vs. Historical Sales: The current list price of $868,000 represents a notable increase from previous sales (e.g., $779,000 in 2012), which may require strong justification to potential buyers regarding current market value and recent appreciation.