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

801 S Grand Avenue Unit 1608, Los Angeles, California 90017 home-pic-0
ACTIVE$679,000
801 S Grand Avenue Unit 1608, Los Angeles, California 90017
2Beds
2Baths
1,220Sqft
59,001Lot
Year Built
1985
Close
-
List price
$679K
Original List price
$868K
Price/Sqft
$557
HOA
$1,000
Days on market
-
Sold On
-
MLS number
AR24033942
Home ConditionGood
Features
Excellent View: City Lights, Mountain(s)
ViewCity Lights,Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $679.0K(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
Good
The property, built in 1985, benefits from a major building modernization in 2005. The unit itself appears to have undergone a significant and more recent renovation, likely within the last 5-15 years, based on the contemporary style and excellent condition of the interior. The kitchen features modern flat-panel cabinetry, stainless steel appliances, and recessed lighting, aligning with the 'Chef's dream kitchen with modern appliances' description. The bathroom is also updated with a glass-enclosed shower and modern tiling. Hardwood floors are present throughout, and the overall aesthetic is clean, well-maintained, and move-in ready with no immediate renovations required.
Pros & Cons

Pros

Prime Downtown Location: Unbeatable access to South Park, Financial District, Whole Foods, Bottega Louie, Metro, and LA Live, offering a vibrant urban lifestyle with excellent walkability.
Extensive Building Amenities: The SKY Lofts building offers a fitness center, private theater, social room with kitchen, 24/7 front desk security, and high-speed elevators, all modernized in 2005.
Valuable Unit-Specific Conveniences: Includes two side-by-side parking spaces (a premium in DTLA) and an in-unit washer/dryer, significantly enhancing daily living convenience.
Modern & Spacious Interior: Features hardwood floors, 10-foot high ceilings, an open floor plan, a chef's dream kitchen with modern appliances, and fantastic city views.
Flexible Layout: The second bedroom offers privacy and can easily function as a den or office, catering to various lifestyle needs for residents.

Cons

High Monthly Association Fees: The $1,000 monthly association fee is substantial and adds significantly to the overall cost of ownership, impacting affordability.
Concerning Price History: The current list price of $679,000 is a significant reduction from its original list price of $868,000 and is even below its 2016 sale price of $785,000, indicating potential depreciation or market challenges.
Original Building Age: Despite a 2005 modernization, the building's original construction in 1985 means some underlying infrastructure may be older, potentially leading to higher long-term maintenance or less energy efficiency compared to newer developments.

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