1111 S Grand Ave APT 716, Los Angeles, CA, 90015 | 7.36% Rental Yield

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1111 S Grand Ave APT 716, Los Angeles, CA, 90015 | 7.36% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Los Angeles at 1111 S Grand Ave APT 716, Los Angeles, CA, 90015 offers a 7.36% rental yield on a $735,000 purchase with $4,505/mo rent. 85% in year one. Equity gained on principal adds $4,743/yr while 5% annual appreciation supports $203,067 over five years. Portfolio math shows five-year ROI at 102.52% and total cumulative return in cash at $247,908. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,505/mo property income against a $3,597/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2005

0.89 Acres lot

$N/A/sqft

No HOA

More details about the property

Rare opportunity to own one of the largest and most livable one-bedroom, one and a half bath units at Elleven in DTLA's Social District. This wide and open floor plan offers true comfort and functionality, with soaring ceilings, engineered maple hardwood floors, expansive east-facing windows, and glass doors that open to a Juliet balcony for fresh air flow and unobstructed park and city views. The spacious kitchen with vented range connects seamlessly to the oversized living area, ideal for both entertaining and everyday living. Bathrooms have been updated, and the custom walk-in master closet with shelving and mood lighting is a showpiece. A larger utility room with designer shoe racks, full-size vented washer/dryer, and a 3-year-old AC system add to the livability and convenience. One parking space with EV charger and a large storage unit located next to parking are also included. Elleven is a modern, full-service high-rise with 24-hour front desk and security, on-site management, and a 4th-floor terrace featuring Viking BBQs, pool, spa, fire pit, and lounge areas. Steps to Crypto.com Arena, LA Live, the Convention Center, Whole Foods, coffee shops, Pine & Crane, Prank Bar, and the weekly Saturday Farmers Market. Close to Pico Metro, FIDM Park, and USC, this location keeps you connected to all of DTLA. With excitement building for the 2026 World Cup, 2027 Super Bowl, and 2028 Olympics, downtown is on the rise. This rare, larger residence at Elleven offers the lifestyle, space, and location that set it apart.

Neighborhood Data

Neighborhood data shown for ZIP Code: 90015, Los Angeles, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,806 (100%)
Owner Occupied HU	1,341 ( 8.0%)
Renter Occupied HU	13,041 (77.6%)
Vacant Housing Units	2,424 (14.4%)
Median Home Value	$1,051,122
Average Home Value	$1,210,352