121 S Hope Street 313, Los Angeles, California 90012, Los Angeles, 90012 - 1 bed, 1 bath
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Los Angeles, California 90012
This 1-bedroom condominium represents a Strong Value Opportunity, listed at a List Price of $407,000—positioned well below the $426,264 Fair Market Value by 4%. This valuation gap offers $19,264 in Instant Equity for the buyer. Featuring a Condition Rating of 3 with brand new flooring and a private balcony, the unit offers a move-in ready lifestyle in the heart of DTLA. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a prime cultural location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 121 S Hope Street 313 Subject | $407,000* List Price | 1 | 1 | 793 | $538 | - |
A 800 W 1st Street 2801 Sold | $428,000 | 1 | 1 | 735 | $582 | 0.0 mi |
B 100 S Alameda Street 213 Sold | $400,000 | 1 | 1 | 735 | $544 | 0.9 mi |
C 880 W 1st Street 802 Sold | $499,000 | 1 | 1 | 1,006 | $496 | 0.1 mi |
D 100 S Alameda 162 Sold | $410,000 | 1 | 1 | 735 | $558 | 0.9 mi |
E 880 W 1st Street 604 Sold | $505,000 | 1 | 2 | 1,006 | $502 | 0.1 mi |
F 108 W 2nd Street 915 Sold | $445,000 | 1 | 1 | 730 | $610 | 0.5 mi |
G 118 Astronaut Ellison S Onizuka Street 205 Sold | $450,000 | 1 | 1 | 702 | $641 | 0.7 mi |
H 108 W 2nd Street 711 Sold | $438,000 | 0 | 1 | 750 | $584 | 0.5 mi |
I 121 S Hope Street 429 Active | $375,000 List Price | 1 | 1 | 853 | $440 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building was constructed in 1980, the unit features brand new flooring and a renovated kitchen with stainless steel appliances (estimated 5-15 year old renovation). The interior is well-maintained, functional, and move-in ready.
Situated directly across from the iconic Walt Disney Concert Hall, this property offers unparalleled access to DTLA's premier cultural, dining, and entertainment hubs while remaining tucked away from heavy event traffic.
The unit features brand new flooring and a bright, open-concept layout that maximizes its 793 square feet, providing a modern and inviting interior that is ready for immediate occupancy.
Currently listed at $407,000, the property is priced significantly below its 2022 sale price of $510,000, offering a rare equity opportunity in a high-demand urban market.
The association fee is $1,128 per month, which is notably high for a one-bedroom unit and may impact the overall affordability and debt-to-income ratio for prospective buyers.
Built in 1980, the property may lack the modern amenities, energy-efficient systems, and contemporary architectural finishes found in the newer luxury high-rises dominating the DTLA skyline.
Welcome to your new home in the heart of Downtown Los Angeles, directly across from the iconic Walt Disney Concert Hall. This bright and inviting 1 bedroom, 1 bath condo offers 793 square feet of thoughtfully designed living space on the 3rd floor, filled with natural light and an open concept layout that feels both spacious and comfortable. With brand new flooring already in place, this home is the perfect blank canvas to make your own. Whether you're a first time buyer, looking for a stylish city retreat, or searching for a place to call home for years to come, this condo offers endless possibilities. One of its best features is the location. Enjoy all the energy, dining, entertainment, and culture attractions that DTLA has to offer while being tucked just outside the busiest areas, giving you easy access without the hassle of heavy event or game day traffic. Commuting is also a breeze, with convenient freeway access that makes getting to the San Fernando Valley, LAX, and other parts of Los Angeles simple. Start your mornings with coffee or unwind after a long day on your spacious private balcony, where you can enjoy fresh air in the middle of the city. This is your opportunity to experience the best of downtown living in a home that's ready for your personal touch.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 793 | 1,243 |
| Lot Size | 67,210 | 24,016 |
| Price | $407.0K | $805.6K |
| Price per sq ft | $513 | $659 |
| Built year | 1980 | 1981 |
| HOA | $1128.0 | $684 |
| Days on market | 2 | 71 |
Jul 20, 2026
$407,000
Initial Listing
Apr 12, 2022
$510,000
Public Record
Sep 13, 2019
$460,000
Public Record
Jul 8, 2014
$395,000
Public Record
Mar 21, 2006
$480,000
Public Record