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1100 S Hope Street 512, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath

1100 S Hope Street 512, Los Angeles, California 90015 home-pic-0
ACTIVE$710,000
1100 S Hope Street 512, Los Angeles, California 90015
1Bed
1Bath
1,110Sqft
41,217Lot
Year Built
2007
Close
-
List price
$710K
Original List price
$710K
Price/Sqft
$640
HOA
$920.24
Days on market
-
Sold On
-
MLS number
25514559
Home ConditionExcellent
Features
Good View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $710.0K(64th), sqft - 1110(57th), beds - 1(50th), baths - 1(50th).

Welcome to Unit 512 at LUMA Residences, a beautifully upgraded unit in Downtown LA's premier LEED-certified buildings. This special unit includes a rare 9x9 storage one of only 20 in the building providing spacious 1,110-square-foot unit features a modern, open-concept layout with floor-to-ceiling windows that flood the space with natural light. The kitchen boasts high-end stainless steel appliances, complemented by the convenience of an in-unit washer and dryer. Enjoy a private balcony ideal for peace and relaxation. LUMA offers top-tier amenities, including 24/7 concierge and security, a state-of-the-art fitness center, a resort-style saltwater pool and spa, a sundeck with grills, and park-like grounds with BBQ areas. Located in the vibrant South Park district, just steps from LA Live, Crypto.com Arena, Whole Foods, and a variety of dining and entertainment options, LUMA Residences is an ideal choice for modern living. With sustainable energy-efficient features, the building reduces electricity costs, making it a smart investment in a rapidly growing area. With significant investments being made in Downtown LA for the 2026 World Cup and 2028 Summer Olympics, this is the perfect time to invest in the area.

Nearby schools

5/10
Ninth Street School
Public,•K-5•1.0mi
3/10
John H. Liechty Middle School
Public,•6-8•1.0mi
3/10
Belmont Senior High School
Public,•9-12•1.4mi

Price History

Date
Event
Price
12/13/19
Sold
$695,000
10/22/09
Sold
$400,000
06/22/07
Sold
$623,000
Condition Rating
Excellent
This unit, built in 2007, is described as 'beautifully upgraded' and the images strongly support this. The kitchen features modern black flat-panel cabinetry, light countertops, and high-end stainless steel appliances (refrigerator, range, microwave) that appear virtually new and meet current quality standards. The flooring throughout the main living areas is a clean, light wood, and the lighting fixtures are contemporary. While the exact renovation date isn't specified, the pristine condition and modern aesthetic of the kitchen, along with the modern stacked LG washer and dryer, suggest extensive and recent updates. The overall property, including common areas and amenities, is exceptionally well-maintained, reflecting minimal physical depreciation and no deferred maintenance.
Pros & Cons

Pros

Prime Downtown Location: The property is ideally situated in the vibrant South Park district, steps away from major entertainment venues like LA Live and Crypto.com Arena, essential services such as Whole Foods, and a diverse array of dining and entertainment options, offering an unparalleled urban lifestyle.
Exceptional Building Amenities: LUMA Residences provides a comprehensive suite of luxury amenities, including 24/7 concierge and security, a state-of-the-art fitness center, a resort-style saltwater pool and spa, a sundeck with grills, and park-like grounds with BBQ areas, significantly enhancing resident comfort and property value.
Upgraded & Spacious Unit Features: Unit 512 is beautifully upgraded, featuring a modern, open-concept layout, floor-to-ceiling windows for abundant natural light, high-end stainless steel appliances, an in-unit washer and dryer, and a private balcony, all within a generous 1,110 square feet for a 1-bedroom residence.
Strong Investment Potential: Located in a rapidly growing area of Downtown LA, the property benefits from significant future investments tied to the 2026 World Cup and 2028 Summer Olympics, positioning it as a smart long-term investment in a dynamic market.
Unique Storage & Sustainability: The unit includes a rare 9x9 storage unit, one of only 20 in the building, adding significant value. Additionally, the LEED-certified building's sustainable, energy-efficient features contribute to reduced electricity costs and environmental appeal.

Cons

High Association Fees: The monthly association fee of $920.24 is substantial for a 1-bedroom unit, which could impact overall affordability and long-term ownership costs for potential buyers.
Potential for Urban Noise/Congestion: While the vibrant downtown location offers numerous benefits, its proximity to major entertainment venues like LA Live and Crypto.com Arena can lead to increased noise levels and traffic congestion, particularly during events.
1-Bedroom Configuration for Sqft: Despite its spacious 1,110 square feet, the unit's 1-bedroom, 1-bathroom layout might not appeal to buyers seeking multiple bedrooms or more flexible living arrangements, potentially limiting the buyer pool compared to units with more rooms.

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