121 S Hope 428, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath
Loading property details...
Los Angeles, California 90012
This Bunker Hill condominium presents a High-Potential Investment Opportunity with a List Price of $599,950—positioned well below the $570,806 Fair Market Value by -5%. While the unit features a spacious 1,253-square-foot floor plan and captivating City Light Views, the Fair Condition Rating reflects a need for modern kitchen and bath updates. Given the high HOA dues, this asset requires a strategic approach to long-term yield. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in a prime urban location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 121 S Hope 428 Subject | $599,950* List Price | 2 | 2 | 1,253 | $456 | - |
A 121 S Hope Street 405 Sold | $540,636 | 2 | 2 | 1,219 | $444 | 0.0 mi |
B 880 W 1st Street 309 Sold | $515,000 | 2 | 2 | 1,217 | $423 | 0.1 mi |
C 925 W College Sold | $698,000 | 4 | 3 | 1,450 | $481 | 0.8 mi |
D 880 W 1st Street 604 Sold | $505,000 | 1 | 2 | 1,006 | $502 | 0.1 mi |
E 880 W 1st Street 802 Sold | $499,000 | 1 | 1 | 1,006 | $496 | 0.1 mi |
F 100 S Alameda Street 353 Sold | $625,000 | 3 | 2 | 1,176 | $531 | 0.9 mi |
G 880 W 1st Street 506 Active | $608,000 List Price | 2 | 2 | 1,364 | $446 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980, the property is over 40 years old and shows signs of being dated. While the living area features updated flooring and the kitchen has newer stainless steel appliances, the dark wood cabinetry and countertops appear to be from an older renovation (>20 years), placing it in the fair category as it would benefit from modern updates to the kitchen and bathrooms.
Situated in the prestigious Bunker Hill district, the property offers immediate proximity to world-class cultural landmarks like the Walt Disney Concert Hall and The Broad, ensuring high desirability.
With 1,253 square feet, this 2-bedroom unit provides a spacious and functional floor plan that significantly exceeds the average square footage of many contemporary downtown condominiums.
The unit features captivating city light views, providing an authentic urban living experience and enhancing the overall aesthetic appeal and value of the residence.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
The association fee of $1,311 per month is substantial, which may deter budget-conscious buyers and impacts the property's total monthly cost of ownership and investment yield.
Constructed in 1980, the building may lack the modern architectural features and high-tech amenities found in the newer luxury high-rise developments throughout the Downtown area.
Welcome to The Promenade. One of the most prestigious addresses in downtown in the Bunker Hill area. THIS is where success and class meet comfort and home. Located across the Disney concert hall and centrally located to Grand central market, Metro station and many reputable and high-end venues for entertainment. The location also offers easy access to freeways 5, 101, 110 and 10. This remodeled, larger unit offers an open floor plan and has a very spacious feel throughout. The primary bedroom has an en-suite remodeled full bath, a large walking closet and additional storage space. The second bedroom is also very generous and has a wall-to-wall closet and an adjacent full bath that is also remodeled. A large living room with wall-to-wall windows and a double accessible balcony offers city and community views and is all great for entertaining. At this price this unit is not to be missed!
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 | 1,253 | 1,243 |
| Lot Size | 67,210 | 24,016 |
| Price | $600.0K | $805.6K |
| Price per sq ft | $479 | $659 |
| Built year | 1980 | 1981 |
| HOA | $1311.0 | $684 |
| Days on market | 44 | 71 |
Jun 8, 2026
$599,950
Initial Listing
May 19, 2011
$351,000
Public Record