121 S Hope Street 408, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath
ACTIVE UNDER CONTRACT$795,000
121 S Hope Street 408, Los Angeles, California 90012
2Beds
2Baths
1,519Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Downtown Location: Unbeatable proximity to world-class cultural institutions (Disney Concert Hall, MOCA), entertainment venues, Grand Park, city courthouses, and walking distance to diverse dining and shopping.
Top Cons:
Substantial Monthly Association Fee: The high monthly association fee of $1311.0 represents a significant ongoing cost that could impact affordability and buyer interest.
Compared to the nearby listings
Price:$795.0K vs avg $589.5K (+$205,500)85%
Size:1,519 sqft vs avg 1,076.5 sqft88%
Price/sqft:$523 vs avg $55235%
More Insights
Built in 1980 (45 years old).
Condition: While the building was constructed in 1980, the unit itself has undergone significant and tasteful upgrades, making it move-in ready. The kitchen features modern white and dark cabinetry, stainless steel appliances, solid surface countertops, and contemporary fixtures. Both bathrooms showcase modern floating vanities, double sinks, and stylish large-format tiling. Flooring includes dark hardwood and clean, light-colored carpeting. Lighting is updated with recessed fixtures and modern pendants/sconces. These renovations appear to have been completed within the last 5-15 years, aligning with the 'Good' condition criteria for an extensively renovated property.
Year Built
1980
Close
-
List price
$795K
Original List price
$795K
Price/Sqft
$523
HOA
$1,311
Days on market
-
Sold On
-
MLS number
P1-24266
Home ConditionGood
Features
Good View: City Lights
Deck
ViewCity Lights
About this home
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.
Price History
Date
Event
Price
02/15/95
Sold
$235,000
06/06/18
Sold
$835,000
Condition Rating
Good
While the building was constructed in 1980, the unit itself has undergone significant and tasteful upgrades, making it move-in ready. The kitchen features modern white and dark cabinetry, stainless steel appliances, solid surface countertops, and contemporary fixtures. Both bathrooms showcase modern floating vanities, double sinks, and stylish large-format tiling. Flooring includes dark hardwood and clean, light-colored carpeting. Lighting is updated with recessed fixtures and modern pendants/sconces. These renovations appear to have been completed within the last 5-15 years, aligning with the 'Good' condition criteria for an extensively renovated property.
Pros & Cons
Pros
Exceptional Downtown Location: Unbeatable proximity to world-class cultural institutions (Disney Concert Hall, MOCA), entertainment venues, Grand Park, city courthouses, and walking distance to diverse dining and shopping.
Comprehensive Luxury Amenities: The Promenade Complex offers 24-hour security/concierge, a well-equipped exercise room, pool, spa, and convenient guest parking, enhancing lifestyle and security.
Upgraded & Unique Unit Features: The unit boasts recent upgrades, an open-concept living space, a spacious primary suite with a walk-in closet, a large private balcony, and a distinctive arched glass ceiling sunroom/patio.
Desirable Views: Enjoyable mountain and courtyard views from the balcony, complemented by general city light views, adding to the property's aesthetic appeal.
Excellent Accessibility & Storage: Convenient access to the 110 freeway, ample guest parking, and a dedicated large storage shed in the garage provide practical benefits.
Cons
Substantial Monthly Association Fee: The high monthly association fee of $1311.0 represents a significant ongoing cost that could impact affordability and buyer interest.
Building Age (1980): While the unit is upgraded, the building's 1980 construction year may suggest older infrastructure or design elements in common areas, potentially leading to higher maintenance or future assessments.
Urban Environment Drawbacks: Located in a bustling downtown area near a freeway, the property is likely subject to significant urban noise and traffic, which may not suit all preferences for a quiet living environment.