1050 S. Grand Ave., #807, Los Angeles, CA 90015 – Transaction Details

Date: March 30, 2017
Property Type: 1 Bedroom, 1 Bathroom, 889 Square Foot Condominium
Purchase Price: $692,500.00
Year Built: 2017
Description: Represented the buyer of a condominium in the brand new Ten50 building in Downtown’s South Park.

1050 S. Grand Ave., #807, Los Angeles, CA 90015 – Transaction Summary

Our buyer knew from the beginning that he wanted a condominium in Downtown that would provide investment potential.  After exploring the available options, we determined it was worth the wait to secure a unit in South Park’s new Ten50 building on pre-sale.  As discussed in one of our recent blog posts, the area is receiving a major face lift with several new developments, including restaurants, retail space, and an outdoor mall.  After opening escrow in June of 2016, patience was the name of the game.  Over the next nine months, the builders were able to complete the project, and our buyer was able to close escrow on this beautiful eighth floor unit with one bedroom, one bathroom, and a bonus “den” area that our client intends to use as a music studio.  The building is complete with an office/meeting room, a theater/movie room that residents can reserve for private events, a gravity pool with views of Downtown’s skyline, a large gym, and an outdoor bar/barbeque area.  Its proximity to the Staples Center, L.A. Live, and the upcoming outdoor mall and shopping areas make this buy not only a comfortable fit for our client, but also an excellent investment opportunity.

Additional pictures and information about the building are available at Ten50’s Website.

For more information on this transaction or to discuss any other questions you may have concerning the Los Angeles real estate market, contact Esquire Real Estate Brokerage, Inc. at 213-973-9439 or info@esquirereb.com.

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