
Los Angeles, California 90017
This Turn-key Live-Work Studio represents a unique urban asset, currently listed at $359,900, which is positioned above the $302,893 Fair Market Value. While the price reflects a premium, the property offers a High-Potential Investment Opportunity due to its Flexible Live-Work Zoning and prime location atop the 7th Street Metro Center. Featuring a Condition Rating of 3, this unit includes expansive panoramic city views and modern finishes. It is an ideal acquisition for Buy-and-Hold Investors or creative professionals seeking a high-demand, transit-oriented workspace in downtown Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 655 S Hope Street 1603 Subject | $324,900* List Price | 1 | 1 | 530 | $590 | - |
A 630 W 6th Street 407 Sold | $330,000 | 1 | 1 | 680 | $485 | 0.1 mi |
B 630 W 6th Sold | $338,000 | 1 | 1 | 680 | $497 | 0.1 mi |
C 630 W 6th Street 303 Sold | $328,888 | 1 | 1 | 710 | $463 | 0.1 mi |
D 889 S Francisco Street 2805 Sold | $329,000 | 0 | 1 | 480 | $685 | 0.4 mi |
E 630 W 6th Street 506 Active | $309,000 List Price | 1 | 1 | 550 | $562 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This turn-key studio is located in an adaptive reuse building converted around 2010. While the structure dates to 1964, the interior features modern dark cabinetry, floor-to-ceiling windows, and updated systems from the conversion period (approx. 15 years ago). It is well-maintained and move-in ready.
Situated directly atop the 7th Street Metro Center and steps from Whole Foods and premier dining, this unit offers unparalleled urban convenience and a 'Walker’s Paradise' lifestyle.
The property’s unique zoning under the Adaptive Reuse Ordinance allows for professional business operations within the unit, providing exceptional versatility for entrepreneurs and creative professionals.
Offered fully furnished with all accessories included, this 16th-floor unit features floor-to-ceiling windows and deeded storage, making it immediately ready for occupancy or as a high-demand rental.
The HOA fee of $1,237.59 is significantly high relative to the unit's square footage and list price, which may impact the overall affordability and net ROI for investors.
At 530 square feet, the studio-style layout is relatively small, which may limit its appeal to buyers seeking a more spacious residential environment or long-term living flexibility.
VALUE ORIENTED PURCHASE - PRICELESS VIEWS. OWNER WANTS CONDO SOLD. Great opportunity to own a turn-key luxury live-work studio condo in downtown Los Angeles located at one of DTLA's prime real estate corners. Open floor plan with entry hall, walk-in closet, and deeded storage in the basement. Located on the 16th floor, the condo features floor to ceiling windows with remote control operated shades and expansive views to the east and south. The unit has been a monthly furnished rental since the original owner's purchase in 2012. Tenant occupied under a month-to-month term, and can be delivered upon sale with or without the Tenant. Asking price includes all furnishings and accessories. One unassigned parking space in a structured and secure garage accessible from the same elevator bank as the unit. The deeded storage is approx. 5x5x8 in size (metal walls). Building amenities include a rooftop community space with outdoor kitchen plus a fitness center and community room on the 2nd floor. Zoning allows for the 655 Hope St condo occupant to operate a professional services business from the unit, subject to the provisions of the city of Los Angeles' Adaptive Reuse Ordinance and governing HOA documents. Buyer is responsible for all due diligence associated with the condo association's CC&Rs, bylaws, rules/regulations, and financials. 655 S Hope St is located at a key urban corner at 7th & Hope Streets atop the city's busiest light-rail corridors - 7th Street Metro Center. The building is across the street from a retail/restaurant center anchored by Joey DTLA and a Sheraton Hotel. Whole Foods and Ralphs are located 2 to 3 blocks away.
No exterior & parking available.
Grades K-5 • 1.5 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 530 | 1,219.385 |
| Lot Size | 11,674 | 27,236.074 |
| Price | $324.9K | $800.2K |
| Price per sq ft | $613 | $650 |
| Built year | 1964 | 1979 |
| HOA | $1237.59 | $685 |
| Days on market | 44 | 72 |
Aug 28, 2026
$324,900
$339,900
-4% Price Drop
Initial Listing
Aug 8, 2026
$339,900
$359,900
-6% Price Drop
Initial Listing
Jul 27, 2026
$359,900
Initial Listing
May 23, 2012
$328,000
Public Record
Feb 7, 2012
$580,000
Public Record