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801 S Grand Avenue 2205, Los Angeles, California 90017, Los Angeles, 90017 - 2 bed, 2 bath

801 S Grand Avenue 2205, Los Angeles, California 90017 home-pic-0
ACTIVE$998,000
801 S Grand Avenue 2205, Los Angeles, California 90017
2Beds
2Baths
1,580Sqft
59,001Lot
Year Built
1985
Close
-
List price
$998K
Original List price
$998K
Price/Sqft
$632
HOA
$1,175
Days on market
-
Sold On
-
MLS number
25512349
Home ConditionExcellent
Features
Excellent View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $998.0K(93th), sqft - 1580(93th), beds - 2(66th), baths - 2(50th).

*** A Gorgeous luxury PENTHOUSE with stunning jetliner views will take your breath away at the Sky Lofts.HOA covers GAS, water, and trash. Enjoy phenomenal skyline and sunset views from every room in this high-rise loft. FULLY ENCLOSED BEDROOMS, large master bedroom. Bedrooms are enclosed with commercial-grade walls of glass making this space comfortable, convenient & readily adaptable to home businesses, and individuals focused on art, design, & other creative enterprises 2 SIDE BY SIDE PARKING, very close to the entrance. The ideal urban lifestyle... walk to Whole Foods, Macy Bloc, FIGat7th, Ralphs, the dry cleaners, METRO, FIDM Park, Crypto.com, LA Live, and some of the best restaurants, coffee shops, and bars in the city

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
09/15/22
Sold
$1,200,000
08/20/20
Sold
$1,200,000
09/08/17
Sold
$1,170,000
04/04/17
Sold
$1,080,000
12/02/08
Sold
$725,000
Condition Rating
Excellent
Despite being built in 1985, this penthouse appears to have undergone extensive, high-quality renovations recently. The visible areas, including the living spaces and bathroom, feature modern wood-look flooring, contemporary light fixtures, and a sleek, updated design. The bathroom, in particular, showcases large format tiles, a glass-enclosed shower, and modern fixtures, indicating a very recent and thorough update. While kitchen images are not provided, the consistent modern aesthetic throughout the rest of the visible property strongly suggests a similar level of renovation, making the interior virtually new and meeting current quality standards.
Pros & Cons

Pros

Luxury Penthouse & Panoramic Views: This property is a luxury penthouse offering stunning jetliner, skyline, and sunset views from every room, providing an exclusive and desirable living experience.
Exceptional Urban Walkability: Located in a prime downtown LA area, the property boasts an ideal urban lifestyle with easy walking access to Whole Foods, Macy Bloc, FIGat7th, LA Live, Crypto.com Arena, METRO, and numerous dining and entertainment options.
Valuable Two Side-by-Side Parking: The inclusion of two side-by-side parking spaces, very close to the entrance, is a significant advantage and a rare commodity in a dense urban environment like downtown Los Angeles.
HOA Inclusions & Loft Functionality: The HOA covers gas, water, and trash, reducing monthly utility burdens. Additionally, the fully enclosed bedrooms with commercial-grade glass walls offer privacy and comfort within a loft setting.
Versatile Space for Creative Use: The design with enclosed bedrooms and adaptable space is well-suited for home businesses, artists, designers, and other creative professionals, enhancing its appeal to a specific buyer demographic.

Cons

Substantial Monthly HOA Dues: The monthly association fee of $1,175 is considerably high, which can impact affordability and narrow the pool of potential buyers.
Building Age: Built in 1985, the building is nearly 40 years old, which may imply older infrastructure or common area amenities compared to newer luxury high-rises, potentially requiring future assessments or updates.
Pricing Discrepancy with Recent Sales: The current list price of $998,000 is notably lower than recent sales in 2020 and 2022 (both at $1.2M), which could raise questions about the property's current market value, condition, or a strategic pricing strategy.

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