121 S Hope Street 408, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath
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Los Angeles, California 90012
This Turnkey Condominium represents a Strong Value Opportunity, listed at a List Price of $770,000—positioned well below the $776,674 Fair Market Value by 0.86%. This valuation gap offers $6,674 in Instant Equity. Featuring a Mint Condition Rating, the unit boasts a modern renovation, an arched glass sunroom, and expansive balcony views. With 24-hour concierge, pool, and spa, it offers a premium lifestyle for Owner-Occupants or first-time buyers seeking a sophisticated downtown residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 121 S Hope Street 408 Subject | $770,000* List Price | 2 | 2 | 1,519 | $511 | - |
A 222 S Central 242 Sold | $645,000 | 2 | 2 | 1,220 | $529 | 1.0 mi |
B 108 W 2nd Street Ph1007 Sold | $918,000 | 2 | 1 | 1,700 | $540 | 0.5 mi |
C 925 W College Sold | $698,000 | 4 | 3 | 1,450 | $481 | 0.8 mi |
D 903 New Depot Street 5 Sold | $545,000 | 4 | 3 | 1,267 | $430 | 0.8 mi |
E 121 S Hope Street 431 Active | $698,000 List Price | 2 | 2 | 1,252 | $558 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the building was constructed in 1980, the unit features a high-end, modern renovation likely completed within the last 5 years. The kitchen is updated with contemporary flat-panel cabinetry and stainless steel appliances, and the bathrooms feature modern vanities and large-format tiling. The property is in mint, move-in ready condition with no visible maintenance needs.
Situated in the heart of Downtown Los Angeles' cultural corridor, the property is steps away from world-class landmarks including the Disney Concert Hall, The Broad, and MOCA.
The unit boasts a rare arched glass ceiling sunroom in the primary bedroom and an expansive balcony, providing distinctive character and abundant natural light.
Residents enjoy a full-service lifestyle with 24-hour security/concierge, a pool, spa, fitness center, and the rare downtown convenience of guest parking and a private storage shed.
The monthly association fee of $1,311 is significantly high, which may impact buyer affordability and overall return on investment.
Built in 1980, the complex may lack the modern energy efficiencies and contemporary infrastructure found in the newer luxury high-rises nearby.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 65% |
| Baths | 2.0 | 1.0 | 65% |
| Square foot | 1,519 | 1,006 | 87% |
| Lot Size | - | 29,414 | 10% |
| Price | $770.0K | $630.0K | 74% |
| Price per sq ft | $507 | $582 | 35% |
| Built year | 1980 | 1985 | 35% |
| HOA | $1311.0 | $858 | 90% |
| Days on market | 22 | 221 | 3% |
May 15, 2026
$770,000
Initial Listing
Jun 6, 2018
$835,000
Public Record
Feb 15, 1995
$235,000
Public Record