1111 S Grand Avenue 702
Los Angeles, CA, 90015
$475,000
MLS: BB25180277
Beds
1
Baths
1
Sq Ft
1,100
Lot
0.89 ac
Year Built
2005
MLS #
BB25180277
Days on Market
252
Listed
Aug 11, 2025
Description
Under $500k with day-one income—Elleven #702 is a sun-splashed, west-facing 1BR/1BA (~1,100 SF) loft with floor-to-ceiling glass over the pool terrace in DTLA’s South Park. Open, gallery-style plan with hardwood floors, custom sleeping area, and an entertainer’s kitchen (granite island + stainless). Oversized in-unit utility room with premium W/D. 2005 LEED-verified tower with a true amenity stack: lap pool, spa, 1/2-acre outdoor terrace w/ BBQ lounges, 24-hr concierge/security, clubhouse & lounge. One assigned, gated parking. Tenant in place at $2,700/mo on a 9-month lease—collect cash flow now and choose later to renew, reset, or occupy. Moments to Crypto Arena, LA Live & Whole Foods; high WalkScore. Sale subject to existing lease. Showings by appt—48 hrs requested; 24 hrs required. Please do not disturb occupant.
Location
Los Angeles, Los Angeles County, CA 90015
Open on Google Maps ↗Listed by: Sarkis Ter-Minasyan · Real Brokerage Technologies
Payment estimate
$3,600
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $47,500 · Loan: $427,500
- Principal & Interest
- $2,627
- Property tax (1.25%)
- $495
- Homeowners insurance
- $300
- Mortgage insurance
- $178
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $16,625 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Los Angeles, CA 90015 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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