121 S Hope Street 510, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath
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121 S Hope Street 510
Los Angeles, California 90012
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,188Sq Ft
67,210Lot Size
Property Price
LIST PRICE$519,000
EST. MARKET VALUE
$454,653
14% AboveMARKET VALUE
SUMMARY
This Condominium represents a High-Potential Investment Opportunity, listed at $519,000—positioned above the $454,653 Fair Market Value. While the list price exceeds the current valuation, the property offers significant lifestyle value through its Iconic Skyline Views and prime location across from the Disney Concert Hall. Featuring a Condition Rating of 4, the unit provides a functional layout with Granite and Marble Countertops that benefit from cosmetic modernization. This asset is best suited for Buy-and-Hold Investors or Owner-Occupants prioritizing a central DTLA lifestyle.
Estimated Market Value
$454,653
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 121 S Hope Street 510 Subject | $519,000* List Price | 2 | 2 | 1,188 | $383 | - |
A 880 W 1st St 304 Sold | $440,000 | 2 | 2 | 1,323 | $333 | 0.1 mi |
B 880 W 1st Street 506 Active | $605,000 List Price | 2 | 2 | 1,364 | $444 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1980, the property features a kitchen renovation (maple cabinets and granite) that appears to be 15-25 years old. While functional and move-in ready, the aesthetic is dated, featuring popcorn ceilings and older tile work that would benefit from modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime DTLA Location
Situated directly across from the Disney Concert Hall and within walking distance to the Civic Center, offering unparalleled access to cultural landmarks, dining, and the central business district.
- Iconic Skyline Views
The unit features a private balcony with impressive views of the Downtown Los Angeles skyline and city lights, a highly desirable feature that enhances the urban living experience.
- Generous Living Space
With 1,188 square feet and a functional two-bedroom, two-bathroom layout, the property provides a spacious interior footprint compared to many newer, smaller condo developments in the area.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
- High Monthly HOA Dues
The association fee of $1,220 per month is substantial, which significantly increases the monthly carrying costs and may impact the property's appeal to budget-conscious buyers.
- Dated Building Era
Built in 1980, the property features original design elements that may require additional capital investment for modern upgrades to compete with the aesthetic of newer luxury high-rises.
About 121 S Hope Street 510
Amazing Downtown LA downtown skyline views, the comforts of the spacious bedrooms, and a private balcony. This brilliant-facing home features original designs starting in the kitchen. Contemporary Beauty Exquisitely tastes Granite and marble countertops. Modern kitchen with Maple cabinets and engineered wood floors. Cross to Disney Concert Hall, a Short walk to restaurants & shops, and Civic Center Central Business district.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1980
- Lot Size
- 67,210 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1220.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,188 | 1,219.385 |
| Lot Size | 67,210 | 27,236.074 |
| Price | $519.0K | $800.2K |
| Price per sq ft | $437 | $650 |
| Built year | 1980 | 1979 |
| HOA | $1220.0 | $685 |
| Days on market | 29 | 72 |
Pricing History
Listed for Sale
Aug 11, 2026
$519,000
Initial Listing
Sold
Jan 23, 2004
$490,000
Public Record