Welcome to foreclosureville, South Park. The Redfin listing for this two-bedroom in the building--a new development in one of downtown's most expensive neighborhoods---reads: "REO Bank Foreclosure....Stunning views, wood floors, upgraded baths, laundry room, shoji screen dividers, 2 side-by-side parking spaces and adjacent storage room." It's listed at $899,900. History: It
sold hit the market? on March 24, 2008 for $1.029 million and it doesn't appear that anyone ever moved in. A source tells us that a similar unit in the building sold 17 months ago for $1.2 million. Meanwhile, that $2.79 million penthouse is still available--no chops there.
· 1111 S Grand Ave #901 [Redfin]
· Penthouse At Elleven Hits Market for $2.799 Million [Curbed LA]