121 S Hope Street 517, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath
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121 S Hope Street 517
Los Angeles, California 90012
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,175Sq Ft
67,210Lot Size
Property Price
LIST PRICE$689,000
EST. MARKET VALUE
$670,847
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $689,000—positioned well below the $670,848 Fair Market Value by -2%. While the list price is slightly above the estimated value, the property offers a Mint Condition Rating with high-quality modern renovations, including updated flooring and recessed lighting. Residents enjoy resort-style amenities like a pool, spa, and 24-hour concierge in the heart of Bunker Hill. This residence is an ideal acquisition for Urban Professionals or Owner-Occupants seeking a sophisticated, move-in ready lifestyle in downtown Los Angeles.
Estimated Market Value
$670,847
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 517 Subject | $689,000* List Price | 2 | 2 | 1,175 | $571 | - |
A 880 W 1st 401 Sold | $555,000 | 2 | 2 | 1,345 | $413 | 0.1 mi |
B 222 S Central 242 Sold | $645,000 | 2 | 2 | 1,220 | $529 | 1.0 mi |
C 880 W 1st Street 604 Sold | $505,000 | 1 | 2 | 1,006 | $502 | 0.1 mi |
D 100 S Alameda Street 149 Sold | $640,000 | 2 | 2 | 1,042 | $614 | 0.9 mi |
E 118 Astronaut Ellison S Onizuka Street 201 Sold | $725,000 | 1 | 1 | 1,007 | $720 | 0.6 mi |
F 121 S Hope Street 431 Active | $698,000 List Price | 2 | 2 | 1,252 | $558 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While the building dates to 1980, the unit has undergone a high-quality modern renovation. It features updated wood-look flooring, recessed lighting, and contemporary finishes throughout. The interior is in mint, move-in ready condition with functional central HVAC, meeting the criteria for a recent comprehensive remodel.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Cultural Location
Situated in the heart of Bunker Hill, the property offers unparalleled access to world-class cultural landmarks like the Walt Disney Concert Hall, The Broad, and MOCA.
- Comprehensive Amenities & Security
Residents benefit from a full-service living experience including 24-hour concierge, security, a fitness center, and resort-style pool facilities.
- Rare Urban Parking
The inclusion of two secured parking spaces is a significant value-add for downtown living, providing rare convenience in a high-density metropolitan 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 Association Fees
The monthly HOA fee of $1,220 is substantial and may impact the overall affordability and debt-to-income ratio for prospective buyers.
- Building Age
Constructed in 1980, the property may face competition from newer luxury developments that offer more modern architectural styles and updated common area infrastructure.
About 121 S Hope Street 517
Welcome to this spacious 2-bedroom, 2-bath condominium offering approximately 1,175 square feet in The Promenade, a full-service community in Downtown Los Angeles' desirable Bunker Hill neighborhood. The thoughtfully designed floor plan provides comfortable living and remodeled entertaining areas, generous closet space, central air conditioning, private outdoor space, and city-light views. Two secured parking spaces provide added convenience for downtown living. Residents of The Promenade enjoy an impressive collection of amenities, including 24-hour concierge and security services, a swimming pool, spa, fitness center, sauna, landscaped common spaces, guest parking, and controlled access. Ideally situated near Walt Disney Concert Hall, The Broad, MOCA, the Music Center, Grand Park, the Financial District, restaurants, shopping, and public transportation, this residence offers an exceptional combination of space, convenience, and resort-style living in the heart of Los Angeles.
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 | 1,175 | 1,219.385 |
| Lot Size | 67,210 | 27,236.074 |
| Price | $689.0K | $800.2K |
| Price per sq ft | $586 | $650 |
| Built year | 1980 | 1979 |
| HOA | $1220.0 | $685 |
| Days on market | 34 | 72 |
Pricing History
Listed for Sale
Aug 6, 2026
$689,000
Initial Listing
Sold
Oct 31, 2014
$455,000
Public Record
Sold
Apr 22, 2003
$380,000
Public Record