121 S Hope 103, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath
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Los Angeles, California 90012
This Condominium represents a Strong Value Opportunity, listed at $549,000—positioned well below the $570,221 Fair Market Value by 3%. This valuation gap provides $21,221 in Instant Equity for the buyer. Featuring a Fair Condition Rating with a renovated kitchen, the unit offers resort-style amenities including a pool, spa, and fitness center. While the HOA dues are significant, the prime Bunker Hill location provides unmatched access to city landmarks. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a central urban lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 121 S Hope 103 Subject | $549,000* List Price | 2 | 2 | 1,432 | $398 | - |
A 880 W 1st 401 Sold | $555,000 | 2 | 2 | 1,345 | $413 | 0.1 mi |
B 880 W 1st Street 309 Sold | $515,000 | 2 | 2 | 1,217 | $423 | 0.1 mi |
C 880 W 1st St 304 Sold | $440,000 | 2 | 2 | 1,323 | $333 | 0.1 mi |
D 880 W 1st Street 802 Sold | $499,000 | 1 | 1 | 1,006 | $496 | 0.1 mi |
E 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.
Property is move-in ready.
The unit is well-maintained and move-in ready, featuring a renovated kitchen with stainless steel appliances and updated laminate flooring in the main living areas (estimated 5-15 year old renovation). While the 1980 building age is reflected in the popcorn ceilings and dated common areas, the interior living space is functional and does not require immediate major repairs.
Situated in the prestigious Bunker Hill district, this property offers residents immediate access to Downtown LA's premier cultural landmarks, high-end dining, and financial hubs.
The building provides a comprehensive luxury lifestyle with 24-hour security, concierge services, a fitness center, sauna, pool, and a rare private dog park.
Offering over 1,400 square feet of living space for $549,000, this unit provides significant value and spaciousness compared to newer, more cramped developments in the area.
The association fee of $1,311 per month is substantial and may deter buyers sensitive to high carrying costs or impact loan qualification.
The listing specifically notes no view, which is a notable drawback for a residence in a high-rise district where panoramic cityscapes are highly coveted.
Welcome to The Promenade Residences, a hidden oasis in the heart of Downtown Los Angeles' prestigious Bunker Hill district. This spacious 2-bedroom, 2-bath residence offers approximately 1,500 square feet of thoughtfully designed living space, blending comfort, functionality, and timeless appeal. Designed for both comfort and convenience, residents enjoy a full suite of resort-style amenities including 24-hour security, concierge service, controlled access, a sparkling pool and spa, fitness center, sauna, private dog park, and abundant guest parking.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,432 | 1,243 |
| Lot Size | 67,210 | 24,016 |
| Price | $549.0K | $805.6K |
| Price per sq ft | $383 | $659 |
| Built year | 1980 | 1981 |
| HOA | $1311.0 | $684 |
| Days on market | 5 | 71 |
Jul 17, 2026
$549,000
Initial Listing
Dec 24, 2002
$370,000
Public Record