ActiveResidential · sale

330 W 11th Street 406

Los Angeles, CA 90015

$849,000

  • 2 beds
  • 2 baths
  • 1,571 sq ft
  • 0.42 acres
  • Built 2005

Listed by The Agency · MLS #26867371

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2005.

Property size

0.42 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Occupying the original penthouse level of the historic 1923 Grand Lofts warehouse this exceptionally rare exterior corner residence showcases architectural features that simply cannot be recreated today Soaring 12foot ceilings exposed concrete columns original HVAC ducting and industrial piping expansive floortoceiling operable steelframed windows and a private balcony define the essence of authentic warehouse loft living Spanning nearly the entire perimeter of the residence the operable steelframed windows flood the home with natural light capture Downtown Los Angeles skyline views to the north and vibrant streetscape views west along 11th Street toward LA Live and provide exceptional cross ventilation while creating a seamless connection to the surrounding urban landscape Designed for both flexibility and scale the residence offers two expansive loftstyle sleeping areas positioned at opposite ends of the home for exceptional privacy True to authentic warehouse loft design these spaces remain open while offering the opportunity to be traditionally or creatively enclosed to suit a variety of lifestyles without compromising the homes dramatic volume and character Two full bathrooms generous walkin closets a dedicated utility room with inunit laundry and additional storage and an expansive openconcept living and dining area anchored by a contemporary kitchen complete a floor plan equally suited for entertaining everyday living or creative pursuits Zoned LiveWork the residence is equally well suited as a primary home design studio professional office or creative workspace One of Grand Lofts most distinctive advantages is its exclusive relationship with the neighboring Aven community allowing residents to enjoy resortstyle amenities including a pool spa fitness center recreation lounge and outdoor entertaining areas while preserving the character of one of Downtown Los Angeles premier historic warehouse conversions Additional highlights include two secured sidebyside parking spaces Perfectly positioned in the heart of Downtown Los Angeles vibrant Social District youre moments from LA Live Cryptocom Arena Whole Foods acclaimed restaurants nightlife entertainment and Metro transit Combining irreplaceable architecture authentic industrial character modern conveniences and an unbeatable urban location this is a rare opportunity to own one of Grand Lofts most architecturally significant residences

THE NEIGHBORHOOD

Explore the location.

330 W 11th Street 406, Los Angeles, CA 90015

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2005
Full baths
2
Half baths
0
Cooling
CentralAir
Heating
Central
Appliances
Dishwasher,Disposal,Microwave,Refrigerator,Dryer,Washer
Flooring
Tile,Wood
Pool
No
Pool features
Community,Lap,SeeRemarks,Association
Spa
Yes
Zoning
LAR5
Parcel
5139020063
HOA amenities
BilliardRoom,ControlledAccess,FirePit,MeetingRoom,OutdoorCookingArea,PicnicArea,Pool,PetRestrictions,SpaHotTub
HOA fee frequency
Monthly
HOA fee
$1,481.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$3,537.50
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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330 W 11th Street 406, Los Angeles, CA 90015 · MLS #26867371

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Listing information

MLS #26867371 · California Regional MLS

Listing brokerage: The Agency
Listing agent: Greg Stangl

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.