121 S Hope Street 417, Los Angeles, California 90012, Los Angeles, 90012 - 1 bed, 1 bath
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Los Angeles, California 90012
This residence at Promenade West represents a Strong Value Opportunity, listed at $365,000—positioned well below the $410,760 Fair Market Value by 11%. This valuation gap offers $45,760 in Instant Equity. Featuring a Condition Rating of 3, the unit offers a turnkey interior with hardwood floors and stainless steel appliances, complemented by panoramic city views. While the high association fees warrant consideration, the resort-style amenities and prime Bunker Hill location provide significant lifestyle value. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 121 S Hope Street 417 Subject | $365,000* List Price | 1 | 1 | 793 | $518 | - |
A 800 W 1st Street 2801 Sold | $428,000 | 1 | 1 | 735 | $582 | 0.0 mi |
B 100 S Alameda 162 Sold | $410,000 | 1 | 1 | 735 | $558 | 0.9 mi |
C 100 S Alameda Street 162 Sold | $342,300 | 1 | 1 | 735 | $466 | 0.9 mi |
D 108 W 2nd Street 711 Sold | $438,000 | 0 | 1 | 750 | $584 | 0.5 mi |
E 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 dates to 1980, the unit features a functional renovation likely performed 10-15 years ago, including granite countertops and stainless steel appliances. The presence of hardwood floors and recessed lighting makes it move-in ready, though some elements like mirrored closets and popcorn ceilings remain dated.
Situated in the prestigious Bunker Hill neighborhood, this unit offers direct views of the world-renowned Disney Concert Hall and immediate access to Downtown LA's premier cultural and dining destinations.
The building provides an impressive suite of amenities including 24-hour security, a fitness center, sauna, pool, and rare abundant guest parking, offering a secure and luxury lifestyle.
The residence is move-in ready with modern upgrades such as hardwood floors, recessed lighting, stainless steel appliances, and a private balcony that extends the living space.
The monthly HOA fee of $1,128 is significantly high for a one-bedroom unit, which may impact the property's affordability and overall investment yield.
The current list price of $365,000 is substantially lower than the 2019 sale price of $445,000, suggesting a potential decline in building valuation or neighborhood market volatility.
Welcome to this move-in-ready fourth-floor residence in the prestigious and meticulously maintained Promenade West. Ideally situated in the historic Bunker Hill neighborhood, this desirable upper-level unit enjoys views of the world-renowned Disney Concert Hall and is just moments from Downtown Los Angeles' premier theaters, dining, entertainment, and cultural attractions. This one-bedroom, one-bath home features hardwood floors, recessed lighting, a separate dining area, stainless steel appliances, and a spacious private balcony perfect for enjoying the vibrant downtown skyline. Promenade West offers a resort-like lifestyle within a beautifully landscaped, park-like setting. Residents enjoy an impressive array of amenities, including 24-hour security, a fitness center, sauna, pool, spa, community room, and abundant guest parking, creating a private oasis in the heart of Downtown Los Angeles.
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 | $365.0K | $805.6K |
| Price per sq ft | $460 | $659 |
| Built year | 1980 | 1981 |
| HOA | $1128.0 | $684 |
| Days on market | 26 | 71 |
Jun 26, 2026
$365,000
Initial Listing
Sep 6, 2019
$445,000
Public Record