121 S Hope Street 423, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath

121 S Hope Street 423, Los Angeles, California 90012 home-pic-0
ACTIVE$605,000
121 S Hope Street 423, Los Angeles, California 90012
2Beds
2Baths
1,227Sqft
67,210Lot
Year Built
1980
Close
-
List price
$605K
Original List price
$625K
Price/Sqft
$493
HOA
$1,148
Days on market
-
Sold On
-
MLS number
BB24229633
Home ConditionGood
Features
Excellent View: City Lights, Landmark, Mountain(s), Water
ViewCity Lights,Landmark,Mountain(s),Water

About this home

We found 3 Cons,5 Pros. Rank: price - $605.0K(54th), sqft - 1227(73th), beds - 2(50th), baths - 2(50th).

Elegantly Remodeled 2BD/2BA Condo in the Luxurious Promenade Complex Nestled in Downtown Los Angeles' prestigious Cultural and Financial District, this beautifully crafted 2-bedroom, 2-bathroom condo combines timeless elegance with urban convenience. Located in the sought-after Promenade Complex, Unit #423 offers a lifestyle of comfort and sophistication. Unit Features: Kitchen: Equipped with granite countertops and ample cabinetry, providing both functionality and style for your culinary needs. Refined Interiors: The living space showcases rich wood flooring, while the bedrooms feature plush new carpet. Enhanced with new lighting, ceiling fans, and shutters, the unit exudes warmth and charm. Generous Storage: A spacious walk-in closet and additional storage areas help keep your home well-organized. Private Balcony: Relax and unwind on your balcony, which offers captivating views to complement your living experience. Building Amenities: The Promenade Complex is synonymous with luxury and convenience: Premium concierge services, including 24-hour security for added peace of mind. Resort-style offerings, such as a pool, spa, fitness center, and guest parking. Situated directly across from the iconic Disney Concert Hall and steps from landmarks like the Music Center, courthouses, and Civic Center. Prime Location: Positioned in a vibrant neighborhood, this property is a stone's throw from public transit, cultural hotspots, and an array of dining and shopping options. Plus, enjoy quick access to renowned venues like L.A. Live and Dodger Stadium for entertainment and sporting events. Contact the listing agent today to schedule a private tour!

Price History

Date
Event
Price
05/12/15
Sold
$575,000
10/22/08
Sold
$460,000
Condition Rating
Good

The condo unit has been 'elegantly remodeled' with significant updates including rich wood flooring, plush new carpet, new lighting, ceiling fans, and shutters. The kitchen features granite countertops and stainless steel appliances, which appear modern and well-maintained in the provided image. While the building was constructed in 1980, the unit's interior is move-in ready with no immediate renovations required, aligning with the criteria for a 'Good' condition score. The kitchen's cabinet style, while updated, suggests a renovation within the last 5-15 years rather than brand new, preventing an 'Excellent' rating.
Pros & Cons

Pros

Prime Downtown Location: Unbeatable location in Downtown LA's Cultural and Financial District, offering immediate access to iconic landmarks, cultural venues, dining, shopping, and public transit.
Extensive Resort-Style Amenities: The Promenade Complex provides premium concierge services, 24-hour security, a pool, spa, fitness center, and guest parking, enhancing a luxury lifestyle.
Elegantly Remodeled Interiors: The condo features refined interiors with rich wood flooring, new carpeting, updated lighting, ceiling fans, shutters, and a kitchen with granite countertops, offering modern comfort and style.
Private Balcony with Diverse Views: Enjoy a private balcony offering captivating and diverse views including city lights, landmarks, mountains, and water, adding significant appeal.
Ample In-Unit Storage: The unit boasts generous storage options, including a spacious walk-in closet and additional storage areas, contributing to a well-organized living space.

Cons

High Monthly Association Fees: The significant monthly association fee of $1,148 adds a substantial recurring cost to homeownership.
Building Age: Constructed in 1980, the building is over four decades old, which, despite unit remodels, could imply potential for future building-wide maintenance or assessment costs.
Recent Price Reduction & Market Duration: The property has seen a price reduction from its original list price and has been on the market for approximately five months, potentially indicating a slower sales pace or initial overpricing.

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