Which of These 3 Dream Units Will Be Snapped Up First?
Los Angeles is a city of endless options, especially when it comes to housing. If you’ve decided to focus on downtown LA, you’re in for a treat! From breathtaking high-rises to repurposed historical buildings, DTLA offers something for everyone. Today, we’re diving deep into three picks, all located in this bustling neighborhood but offering very distinct lifestyles. Available for lease, these condos vary in terms of layout, features, and amenities. Here is a breakdown to compare the listings:
- 1111 S Grand Ave #1016 | DETAILS
Price: $3,200
Size: 1,200 sqft
Price/sqft: $2.67
Bed/Bath: 1 Bed, 2 Baths
Year Built: 2005
Pets: Not allowed
Parking: Assigned, Community Garage, 1 space
Amenities: BBQ, pool, jacuzzi, 24-hour concierge
Utilities Included: Gas, water, trash
Remarks: Modern and spacious, this unit offers a large great room ideal for entertaining and a view overlooking a park. Located in the Elleven building, which is eco-friendly.
Security Deposit: $3,200 - 420 S San Pedro St #412 | DETAILS
Price: $3,200
Size: 1,300 sqft
Price/sqft: $2.46
Bed/Bath: Studio, 1 Bath
Year Built: 1922 (Converted in 2005)
Pets: Call to inquire
Parking: Community Garage, 2 spaces
Amenities: Year-round heated pool and whirlpool spa, BBQ, weight room, 24-hour security guard
Utilities Included: Not specified
Remarks: Located in the historic Westinghouse Electric elevator factory, the unit is a spacious open-plan loft with high ceilings and large windows. In Little Tokyo.
Security Deposit: $3,200 - 629 Traction Ave #616 | DETAILS
Price: $3,100
Size: 1,050 sqft
Price/sqft: $2.95
Bed/Bath: 1 Bed, 1 Bath
Year Built: Not specified
Pets: Not specified
Parking: Not specified
Amenities: Gym, courtyard with BBQ and fireplace, pool & spa
Utilities Included: Water, Trash, Sewer
Remarks: Located in the popular Mura building in the Arts District. Features a large open floor plan with a big kitchen island and walk-in closet. Close to various LA hotspots like Little Tokyo Plaza, Pie Hole, and more.
Security Deposit: Not specified
Comparing the Three:
1111 S Grand Ave #1016: Ideal for someone looking for a more modern, eco-friendly lifestyle with luxurious amenities like a 24-hour concierge.
420 S San Pedro St #412: Great for someone who appreciates historical buildings and open-plan living. More parking is available, which might be a bonus for those who require it.
629 Traction Ave #616: Suited for those who enjoy being close to artsy and cultural hubs. This unit is slightly less expensive but offers fewer square feet.
In all three options, the tenant is generally responsible for electricity, and additional features like storage or parking may have separate fees. Based on your lifestyle and needs, any of these could be suitable, but they each offer a distinct living experience.
1111 S Grand Ave #1016
1 Bed, 2 Baths
1,200 Sqft
Rent: $3,200/month
Location: South Park, Downtown LA
Overview:
Located in the upscale Elleven tower, this modern construction soft loft unit epitomizes modern, chic urban living. It features a large great room ideal for entertaining, an open master suite with a private bathroom, and a large utility room with a washer and dryer. One of the unique selling points is the view overlooking a charming park and city skyscrapers.
Amenities:
BBQ, pool, jacuzzi, 24-hour concierge, etc. Parking is also included in the rent, along with water, trash, and gas.
Neighborhood:
The South Park neighborhood is at the heart of everything that makes downtown LA so special. It’s a stone’s throw away from major banks, shopping centers like Fig and 7th, restaurants like Bottega Louie, and entertainment venues like LA Live.
Drawbacks:
Despite the upscale amenities, this luxury unit is the most expensive per square foot at $2.67. Also, pets are not allowed. | DETAILS
420 S San Pedro St #412: A Blend of Space and Urban Living
Key Features:
- Studio, 1 Bath
- 1,300 Sqft
- Rent: $3,200/month
- Location: Close to Little Tokyo, Downtown LA
Introduction
If you’re someone who values space but doesn’t want to compromise on living in the heart of the city, then 420 S San Pedro St #412 might be the option for you. With a generous 1,300 square feet for a studio layout, this unit provides ample room for you to configure and make your own. Located within walking distance to Little Tokyo and Downtown LA, it combines the buzz of city life with the historic and cultural richness of one of LA’s most beloved neighborhoods.
Location and Neighborhood
420 S San Pedro St #412 is located close to Little Tokyo, making it a desirable spot for those interested in a culturally diverse neighborhood. Known for its array of Japanese shops, restaurants, and cultural centers, Little Tokyo provides a unique living experience.
However, it’s worth mentioning that the location is also relatively close to Skid Row. Potential renters would need to weigh the cultural richness and accessibility against the safety concerns that proximity to Skid Row might present.
Amenities
- Heated Pool and Spa: Enjoy year-round swimming and relaxation.
- Exercise Room: No need for a separate gym membership.
- Secure Parking: The building offers secured, covered parking spaces—great for LA’s busy streets.
- 24-hour Security: Feel safer with around-the-clock security services.
Interior Features
This studio doesn’t skimp on features:
- Eleven-foot ceilings: The high ceilings lend a sense of grandiosity and spaciousness.
- Upgraded Walk-in Closet: Extra shelving provides ample storage space, which is often a premium in studio apartments.
- Cross Ventilation: With walls of windows, you can enjoy the natural breeze and light throughout the unit.
- Cement Flooring: Durable and easy to clean, cement flooring adds an industrial, modern touch.
- In-Unit Laundry: Washer and dryer within the unit make laundry a breeze.
Lease Terms and Costs
The unit comes at a rent of $3,200 per month, and the security deposit is also $3,200. While tenant pays for electricity, the lease terms are negotiable, offering flexibility that might suit different renters’ needs.
420 S San Pedro St #412 provides a spacious living experience in a bustling area close to Little Tokyo. Though it’s generously spaced and amenity-rich, the proximity to Skid Row could be a potential drawback. Nonetheless, if you’re someone who values space, modern features, and wants to be near cultural landmarks, this might be an excellent fit for you. With the flexibility in lease terms, it might also suit those looking for both short-term and long-term options.
While 420 S San Pedro St #412 offers a large, open space and proximity to Little Tokyo, it comes with the caveat of being near Skid Row. On the other hand, 629 Traction Ave #616 gives you a taste of luxury in one of LA’s trendiest neighborhoods, albeit without some of the loft-like features some renters might desire. Both offer unique living experiences catering to different tastes and priorities. | DETAILS
629 Traction Ave #616: Penthouse Living in the Arts District
1 Bedroom, 1 Bath
1,050 Sqft
Rent: $3,100/month
Location: Arts District, Downtown LA
Top Floor Unit
Introduction
When it comes to finding a sweet spot between location and luxury, 629 Traction Ave #616 offers a compelling package. Nestled in the Arts District—often touted as one of LA’s trendiest neighborhoods—this top-floor, penthouse unit gives you 1,050 square feet of prime real estate. While it may lack some of the “lofty character” that some might associate with downtown living, it makes up for it with modern amenities and a location that’s hard to beat.
Location and Neighborhood
If you’re an art lover or someone who enjoys the thrill of discovering new boutiques, cafés, and eclectic spaces, the Arts District is your paradise. From renowned spots like the Little Tokyo Plaza to cult favorites like Pie Hole and Bestia, the area around 629 Traction Ave is a vibrant mix of the cultural and the contemporary. Not to mention, it’s arguably one of the better parts of the Arts District.
Amenities
State-of-the-Art Gym: Equipped with plasma TVs, making your workout sessions less monotonous.
Courtyard with BBQ and Fireplace: A perfect place to unwind or entertain.
Pool & Spa: Enjoy a resort-like experience without leaving your building.
Interior Features
While the unit may not have the lofty character of other downtown spaces, it’s far from bland:
Open Floor Plan: The unit features a large kitchen island, ideal for cooking and entertaining.
Stainless Steel Appliances: Modern and sleek, these appliances add a touch of luxury to everyday living.
Walk-in Closet: Storage is no issue with the spacious closet.
In-Unit Laundry: Another convenient feature, especially for those with busy lifestyles.
Lease Terms and Costs
At $3,100 per month, the unit is slightly cheaper than the other two options we’ve looked at, despite its desirable location and top-floor status. The security deposit information is unspecified, but the lease includes water, trash, and parking—adding additional value to the rent.
629 Traction Ave #616 offers an intriguing combination of location, luxury, and modern living. Its prime location in one of the better parts of the Arts District, coupled with its top-floor status, makes it an attractive option for many renters. However, if you’re looking for a space with more of a loft-like character, this might not be the unit for you. Otherwise, the amenities and the location make it a compelling option for those looking to experience the best of downtown LA living. | DETAILS
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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker DRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Text and photos created or modified by artificial intelligence. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.
