121 S Hope Street 408, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath
121 S Hope Street 408
Los Angeles, California 90012
Property Price
SUMMARY
Analysis of 121 S Hope Street 408, Los Angeles, California 90012 is currently available with a list price of $795,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although the building was constructed in 1980, this specific unit has undergone an extensive high-end renovation within the last few years. The kitchen features modern two-tone flat-panel cabinetry, quartz countertops, and updated stainless steel appliances. The bathrooms have been fully modernized with floating vanities and contemporary tiling. The property shows no signs of deferred maintenance, featuring recessed lighting, updated flooring, and a well-maintained, unique glass-ceiling sunroom.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Cultural Location
Situated in the heart of Downtown Los Angeles, the property is steps away from world-class landmarks including the Disney Concert Hall, MOCA, and the Ahmanson Theater.
- Unique Architectural Features
The primary bedroom features a rare arched glass ceiling sunroom, providing an abundance of natural light and a distinctive aesthetic not commonly found in standard condos.
- Generous Living Space
At 1,519 square feet, this two-bedroom unit offers a significantly larger footprint than many modern developments in the area, providing a more comfortable and open living environment.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $1,311 is substantial and may deter buyers sensitive to high carrying costs or impact debt-to-income ratios for financing.
- Aging Infrastructure
Built in 1980, the building may lack the modern energy-efficient systems and contemporary common area designs found in newer luxury high-rises.
- Stagnant Value Trend
The current list price of $795,000 is lower than the 2018 sale price of $835,000, suggesting a lack of capital appreciation over the last several years.
About 121 S Hope Street 408
Beautiful upgraded two bedroom and two bathroom unit in the luxurious PROMENADE COMPLEX in downtown Los Angeles. Featuring an open space living room and large balcony facing mountain and courtyard views. The primary bedroom features a spacious walk-in closet, large balcony, and arched glass ceiling sunroom/patio. 24 HR security/concierge, exercise room, pool, spa and guest parking spaces. A large storage shed in the garage provides extra storage. The building is located next door to the The Disney Concert Hall, Ahmanson Theater, Mark Taper Forum, Dorothy Chandler Pavillon, MOCA, city courthouses and Grand Park. Conveniently located near the 110 freeway and downtown restaurants and shops within walking distance. Visitors can park in the guest parking garage located behind the building off of 1st street.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1980
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1311.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.5 | 50% |
| Baths | 2.0 | 1.5 | 50% |
| Square foot | 1,519 | 1,024.5 | 91% |
| Lot Size | - | 64,671 | 6% |
| Price | $795.0K | $602.0K | 79% |
| Price per sq ft | $523 | $552 | 41% |
| Built year | 1980 | 1985 | 35% |
| HOA | $1311.0 | $773 | 97% |
| Days on market | 162 | 191 | 29% |
Pricing History
Listed for Sale
Sep 25, 2025
$795,000
Initial Listing
Sold
Jun 6, 2018
$835,000
Public Record
Sold
Feb 15, 1995
$235,000
Public Record