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 home-pic-0

121 S Hope Street 429

Los Angeles, California 90012

ACTIVE
CONDITION: GOOD
1Beds
1Baths
853Sq Ft
67,210Lot Size

Property Price

LIST PRICE$375,000

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

Good
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds1.01.0
50%
Baths1.01.0
50%
Square foot8531,007
26%
Lot Size67,21065,875
53%
Price$375.0K$589.5K
12%
Price per sq ft$440$552
15%
Built year19801985
35%
HOA$1128.0$773
79%
Days on market206196
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

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