801 S Grand Avenue 1705, Los Angeles, California 90017, Los Angeles, 90017 - 2 bed, 2 bath
ACTIVE$949,000
801 S Grand Avenue 1705, Los Angeles, California 90017
2Beds
2Baths
1,580Sqft
58,984Lot
Year Built
1985
Close
-
List price
$949K
Original List price
$1.05M
Price/Sqft
$601
HOA
$1,298.36
Days on market
-
Sold On
-
MLS number
25477553
Home ConditionGood
Features
Excellent View: City Lights
ViewCity Lights
About this home
We found 3 Cons,5 Pros. Rank: price - $949.0K(93th), sqft - 1580(93th), beds - 2(66th), baths - 2(50th).
Amazing prime NORTHWEST corner unit at the Sky Lofts. Enjoy phenomenal skyline and sunset views from every room in this highrise loft. newer hardwood floors throughout. GE Profile stainless appliances, including a 5-burner gas range, quartz counters and more. Two parking spaces in the secured garage. Amenities include full fitness center, theater, lounge and 24/7 guard-monitored security. walking distance to Whole Foods market, downtown shopping, restaurants and entertainment.
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
06/28/10
Sold
$596,000
Condition Rating
Good
While the building was constructed in 1985, the unit itself has undergone significant recent renovations. The description highlights 'newer hardwood floors throughout' and a modern kitchen equipped with 'GE Profile stainless appliances' and 'quartz counters,' indicating contemporary finishes and functionality. These updates suggest the interior is move-in ready with minimal wear, aligning with the 'Good' condition criteria for properties extensively renovated within the last 5-15 years.
Pros & Cons
Pros
Exceptional Views & Corner Unit: As a prime NORTHWEST corner unit, the property offers phenomenal skyline and sunset views from every room, enhancing its desirability and living experience.
Premium Downtown Location & Walkability: Situated in Downtown Los Angeles, the loft boasts excellent walkability to Whole Foods Market, shopping, diverse restaurants, and entertainment venues.
Modern Interior Finishes & Appliances: The unit features newer hardwood floors throughout and a kitchen equipped with GE Profile stainless appliances, including a 5-burner gas range, and quartz counters, indicating recent upgrades.
Extensive Building Amenities & Security: Residents benefit from a full fitness center, theater, lounge, and 24/7 guard-monitored security, providing a luxurious and secure living environment.
Two Dedicated Parking Spaces: The inclusion of two parking spaces in a secured garage is a significant advantage in a dense urban area like Downtown Los Angeles.
Cons
High Monthly Association Fees: The association fee of $1,298.36 per month is substantial and adds a significant ongoing cost to homeownership.
Recent Price Reduction & Extended Market Time: The property has seen a price reduction from its original list price of $1,050,000 to $949,000 and has been on the market for over three months, potentially indicating market resistance or overpricing.
Building Age: Built in 1985, the building is nearly 40 years old, which could lead to higher maintenance costs or potential special assessments for aging infrastructure in the future, despite unit-specific updates.