121 S Hope Street 429, Los Angeles, California 90012, Los Angeles, 90012 - 1 bed, 1 bath

121 S Hope Street 429
Los Angeles, California 90012
Property Price
SUMMARY
Analysis of 121 S Hope Street 429, Los Angeles, California 90012 is currently available with a list price of $375,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
This condo, built in 1980, has undergone significant updates, making it move-in ready. The living areas feature elegant, modern-looking flooring, fresh paint, smooth ceilings, and crown molding. The bathroom has a sleek modern vanity and updated fixtures. However, the kitchen, while clean and functional with white cabinetry, has standard black appliances and light-colored countertops that appear dated. The bathroom's tilework, while well-maintained, also suggests an update that is not brand new. Overall, the property is in good condition with no immediate renovation required, aligning with a 'Good' rating, as it has been extensively renovated within the last 5-15 years, but not to a 'virtually new' standard throughout.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Location
Unbeatable proximity to world-class cultural landmarks (Disney Concert Hall, The Broad, MOCA), entertainment venues (Dodger Stadium, Crypto Arena), top dining, and public transit in the heart of Downtown LA.
- Comprehensive Building Amenities
Residents enjoy a wide array of luxury amenities including a pool, spa, fitness center, sauna, 24/7 security, concierge services, on-site management, fiber internet, and generous guest parking.
- Updated Interior & Modern Finishes
The unit features fresh interior paint, elegant flooring, smooth ceilings, custom crown molding, and a tastefully updated bathroom with a sleek modern vanity, offering a move-in ready appeal.
CONSRISKS & DEFICIENCIES
- High Monthly Association Fee
The $1,128 monthly association fee is substantial for a 1-bedroom unit, potentially impacting affordability and long-term ownership costs for prospective buyers.
- Significant Price Reduction History
The property has undergone multiple price reductions from its original list price of $429,999 to $375,000, which may suggest market resistance or a perceived overvaluation.
- Building Age
Built in 1980, the building is over 40 years old. While the unit is updated, the age of the overall structure could lead to higher HOA assessments for future capital improvements or maintenance of older infrastructure.
About 121 S Hope Street 429
Welcome to this beautifully updated 1-bedroom, 1-bathroom condo spanning 853 sqft in the prestigious Promenade Building, located on the 4th floor. This bright and airy unit features fresh interior paint throughout most of the home, enhancing its modern appeal. The open living area boasts elegant flooring, smooth ceilings, and custom crown molding, creating a sophisticated yet inviting atmosphere. The spacious bedroom offers ample closet space and a serene retreat, while the bathroom showcases tasteful tilework and a sleek modern vanity with a stylish sink. Standout feature is the enclosed patio, thoughtfully transformed into a private study or reading nook, perfect for enjoying the lush green views. The well-appointed kitchen includes a refrigerator, ample counter space, and cabinetry, seamlessly connecting to the living area for easy entertaining. Residents of the Promenade enjoy unparalleled amenities, including a pool, spa, fitness center, sauna, 24/7 security, concierge services, on-site management, fiber internet, and generous guest parking. With one assigned parking space included( #144), convenience is at your fingertips. Perfectly situated across from the Disney Concert Hall, this condo is near by cultural landmarks like The Broad, MOCA, Dorothy Chandler Pavilion, and Ahmanson Theater. Enjoy top dining, Grand Central Market, and easy access to Dodger Stadium, Crypto Arena, major freeways, and the Bunker Hill metro station. Experience luxury living in the heart of Downtown LA! Home is virtually staged.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1980
- Lot Size
- 67,210 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1128.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 853 | 1,007 | 26% |
| Lot Size | 67,210 | 65,875 | 53% |
| Price | $375.0K | $589.5K | 12% |
| Price per sq ft | $440 | $552 | 15% |
| Built year | 1980 | 1985 | 35% |
| HOA | $1128.0 | $773 | 79% |
| Days on market | 206 | 196 | 56% |
Pricing History
Listed for Sale
Jan 14, 2026
$375,000
$396,000
-5% Price Drop
Initial Listing
Price Change
Nov 22, 2025
$396,000
$415,000
-5% Price Drop
Initial Listing
Price Change
Sep 30, 2025
$415,000
$429,999
-3% Price Drop
Initial Listing
Price Change
Aug 12, 2025
$429,999
Initial Listing
Sold
May 13, 2016
$480,000
Public Record
Sold
Apr 10, 2015
$418,000
Public Record
Sold
Jan 17, 2013
$342,000
Public Record
Sold
Jul 25, 2012
$285,000
Public Record
Sold
Mar 8, 2007
$409,500
Public Record












































