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801 S Grand Avenue 1608, Los Angeles, California 90017, Los Angeles, 90017 - 2 bed, 2 bath

801 S Grand Avenue 1608, Los Angeles, California 90017 home-pic-0
ACTIVE$669,000
801 S Grand Avenue 1608, Los Angeles, California 90017
2Beds
2Baths
1,220Sqft
59,001Lot
Year Built
1985
Close
-
List price
$669K
Original List price
$669K
Price/Sqft
$548
HOA
$1,000
Days on market
-
Sold On
-
MLS number
AR25145760
Home ConditionExcellent
Features
Good View: City Lights, Mountain(s)
ViewCity Lights,Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $669.0K(69th), sqft - 1220(83th), beds - 2(66th), baths - 2(50th).

Best location in South Park, Financial district, Downtown LA vibrant lifestyle. This high-rise beautiful Live and work Loft at the SKY Lofts, only few minutes' walk to Whole Foods, Bottega Louie, The Block, the Metro station, LA Live and much more. A major transformation took place in 2005 which modernized the 22-story building to newer fitness center, private theater, two story lobby, social room with kitchen, high-speed elevator, 24/7 front desk with security. Unit 1608 is assigned two side by side parking spaces, in unit combo washer/dryer, hardwood floor through-out, 10-foot-high ceilings, fantastic city views. The master suite offers large walk-in closet and bath with dual sinks. The second bedroom could be a den and is also completely private. The Chef's dream kitchen with modern appliances. Open spacious floor plan welcomes you. Move in and enjoy!

Nearby schools

5/10
Ninth Street School
Public,•K-5•0.9mi
3/10
John H. Liechty Middle School
Public,•6-8•0.9mi
3/10
Belmont Senior High School
Public,•9-12•1.1mi

Price History

Date
Event
Price
02/09/16
Sold
$785,000
Condition Rating
Excellent
The property, despite the building being built in 1985, underwent a major building transformation in 2005. More importantly, the unit itself features a 'Chef's dream kitchen with modern appliances' and 'hardwood floor through-out,' as stated in the description. The images confirm a highly modern kitchen with sleek flat-panel cabinetry, stainless steel appliances, and solid surface countertops, all appearing virtually new and meeting current quality standards. The bathrooms also showcase modern vanities, dual sinks, and glass-enclosed showers, indicating recent updates and excellent maintenance. The overall interior condition, particularly the kitchen and bathrooms, suggests extensive renovation within the last 5-10 years, making it move-in ready with no deferred maintenance.
Pros & Cons

Pros

Prime Downtown Location: Situated in the highly desirable South Park and Financial District, offering a vibrant downtown LA lifestyle with immediate access to Whole Foods, Bottega Louie, The Block, Metro station, and LA Live.
Exceptional Building Amenities & Modernization: The SKY Lofts building underwent a major transformation in 2005, providing residents with modern amenities including a fitness center, private theater, social room with kitchen, high-speed elevators, and 24/7 front desk security.
Dedicated Parking & In-Unit Laundry: The unit includes two side-by-side assigned parking spaces, a significant advantage in downtown, along with the convenience of an in-unit combo washer/dryer.
Modern Interior Features & Views: Boasts hardwood floors throughout, 10-foot-high ceilings, a chef's dream kitchen with modern appliances, an open spacious floor plan, and fantastic city views.
Flexible Live/Work Loft Design: Designed as a live/work loft, the property offers a versatile layout where the second bedroom can function as a private den, catering to modern urban living needs.

Cons

High Association Fees: The monthly association fee of $1,000 is substantial and can significantly impact the overall cost of ownership and buyer affordability.
Potential for Value Depreciation: The current list price of $669,000 is notably lower than the last recorded sale price of $785,000 in 2016, which may raise questions about market value trends or previous property condition.
Original Building Age: While extensively modernized in 2005, the building's original construction year of 1985 means some underlying infrastructure may be older, potentially requiring future maintenance considerations compared to newer constructions.

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