
Los Angeles, California 90012
This Turnkey Condominium represents a Strong Value Opportunity, listed at $625,000—positioned well below the $644,554 Fair Market Value by 3%. This valuation gap offers $19,554 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the residence boasts a Unique Architectural Atrium, Panoramic City Views, and a Renovated Kitchen. Located in the heart of Bunker Hill, this property offers a sophisticated lifestyle for Owner-Occupants or Long-Term Investors seeking a high-amenity, move-in ready urban retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 121 S Hope Street 518 Subject | $625,000* List Price | 2 | 2 | 1,175 | $549 | - |
A 880 W 1st 401 Sold | $555,000 | 2 | 2 | 1,345 | $413 | 0.1 mi |
B 222 S Central 242 Sold | $645,000 | 2 | 2 | 1,220 | $529 | 1.0 mi |
C 880 W 1st Street 309 Sold | $515,000 | 2 | 2 | 1,217 | $423 | 0.1 mi |
D 880 W 1st Street 604 Sold | $505,000 | 1 | 2 | 1,006 | $502 | 0.1 mi |
E 880 W 1st Street 802 Sold | $499,000 | 1 | 1 | 1,006 | $496 | 0.1 mi |
F 100 S Alameda Street 149 Sold | $640,000 | 2 | 2 | 1,042 | $614 | 0.9 mi |
G 108 W 2nd Street 915 Sold | $445,000 | 1 | 1 | 730 | $610 | 0.5 mi |
H 100 S Alameda Street 353 Sold | $625,000 | 3 | 2 | 1,176 | $531 | 0.9 mi |
I 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 has undergone a high-quality, recent renovation (likely <5 years) featuring a modern kitchen with quartz countertops, contemporary cabinetry, and stainless steel appliances. The interior is in mint condition with updated flooring and recessed lighting, making it move-in ready with no immediate maintenance required.
The rare glass-enclosed atrium serves as a stunning focal point, flooding the home with natural light and providing a versatile space for a home office or dining room with views of the Hollywood Sign.
Located in the heart of Bunker Hill, the property offers exceptional walkability to world-class cultural landmarks including the Walt Disney Concert Hall, The Broad, and the Grand Avenue Arts Metro station.
Residents benefit from an extensive amenity package including 24-hour security, a fitness center, pool, sauna, and rare downtown conveniences like covered guest parking and a private dog run.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
The association fee of $1,220 per month is substantial and may be a deterrent for buyers sensitive to high carrying costs or those looking for lower overhead.
The two deeded parking spaces are in a tandem configuration, which can be less convenient for multi-car households compared to side-by-side parking options.
Welcome to one of The Promenade's most distinctive residences, where thoughtful modern living meets timeless architecture in the heart of Downtown Los Angeles' prestigious Bunker Hill neighborhood. Beautifully renovated and move-in ready, this spacious two-bedroom, two-bath residence offers a rare blend of style, comfort, and functionality in one of Downtown's most peaceful residential communities. At the heart of the home is a dramatic glass-enclosed atrium- an architectural feature rarely found in Downtown Los Angeles. Filled with natural light, this versatile space can serve as a dining room, sunroom, home office, reading lounge, or creative studio. Soaring northwest-facing glass frames sweeping hillside and city views, including the iconic Hollywood Sign and Griffith Observatory, creating an inspiring backdrop throughout the day. The beautifully renovated kitchen opens effortlessly into the expansive living area and atrium, featuring contemporary cabinetry, quartz countertops with a full-height matching backsplash, stainless steel appliances, and abundant storage designed for both everyday living and effortless entertaining. Both generously sized bedrooms enjoy direct access to their own private balconies, creating a seamless connection between indoor and outdoor living. Retractable awnings provide flexible shade throughout the day, while enhanced sound insulation beneath the tile flooring and additional ceiling insulation contribute to a quieter, more private living experience. The residence includes two deeded tandem parking spaces, convenient covered guest parking, and direct access to the Promenade Plaza retail area, placing neighborhood favorites including Cafe Persona, Au Lac, Subway, and other everyday conveniences just steps from your front door. Residents enjoy an exceptional collection of resort-style amenities, including: 24-hour front desk and security. On-site management and full-service staff. Resort-style pool and spa. Fitness center and sauna. Private dog run. BBQ areas. Game room. Beautifully landscaped courtyards and fountains. Covered guest parking. Outside your front door, Bunker Hill's celebrated cultural district awaits. Walt Disney Concert Hall, The Broad, MOCA, The Music Center, Ahmanson Theatre, Grand Park, and the Grand Avenue Arts/Bunker Hill Metro Station are all just moments away. California Plaza, the Financial District, and the vibrant Grand Avenue corridor are within an easy five-minute walk, while direct access to the 110 Freeway makes commuting throughout Los Angeles remarkably convenient. Whether you're seeking a sophisticated primary residence, a lock-and-leave city retreat, or a long-term investment, Residence 518 presents a rare opportunity to own one of Bunker Hill's most distinctive homes where architectural character, modern comfort, and Downtown convenience come together in one exceptional offering.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,175 | 1,243 |
| Lot Size | 67,210 | 24,016 |
| Price | $625.0K | $805.6K |
| Price per sq ft | $532 | $659 |
| Built year | 1980 | 1981 |
| HOA | $1220.0 | $684 |
| Days on market | 16 | 71 |
Jul 6, 2026
$625,000
Initial Listing
Aug 25, 2010
$300,000
Public Record