655 S Hope Street 1001, Los Angeles, California 90017, Los Angeles, 90017 - 1 bed, 1 bath

655 S Hope Street 1001, Los Angeles, California 90017 home-pic-0
ACTIVE$395,000
655 S Hope Street 1001, Los Angeles, California 90017
1Bed
1Bath
650Sqft
11,677Lot
Year Built
1964
Close
-
List price
$395K
Original List price
$395K
Price/Sqft
$608
HOA
$1,021.13
Days on market
-
Sold On
-
MLS number
SB25056498
Home ConditionExcellent
Features
Excellent View: Neighborhood, Peek-A-Boo
Deck
ViewNeighborhood, Peek-A-Boo

About this home

We found 3 Cons,5 Pros. Rank: price - $395.0K(17th), sqft - 650(14th), beds - 1(50th), baths - 1(50th).

Immerse yourself in the ultimate urban lifestyle with this exceptional residence at the astounding 655 Hope Condos! Head to the tenth floor and discover a stunning studio unit with a high tray ceiling in the main living area, canned lighting, and dark accents that complement the plank floors. Sweeping cityscapes are framed by tall picture windows that fill the dwelling with brilliant light and are equipped with custom blinds for privacy. Relax amidst the open-concept interior or create signature recipes in the corner kitchen with its stainless steel appliances, abundant cabinetry, chic backsplash, and gleaming granite countertops. A large mirrored closet accommodates your sleeping area, while a refreshing bath is beautifully accented with stone tilework around the vanity and shower/tub combo. Other notables are the in-unit laundry and a single-slot parking space in the attached garage. Residing here means access to top-notch complex amenities designed to elevate daily life, including a doorman, valet parking, a club room, fitness center, and a rooftop sundeck with a grill, pergola-covered wet bar, panoramic views, and a helipad. Set in the heart of LA’s pulsing downtown, find yourself amidst the finest shopping, dining, and entertainment options the city has to offer. Plus, this fantastic location above the 7th Street Metro Station connects you to Union Station - a transportation hub to all of amazing SoCal! Come make this gem yours before it slips away!

Nearby schools

6/10
Castelar Street Elementary School
Public,K-51.5mi
3/10
John H. Liechty Middle School
Public,6-80.9mi
3/10
Belmont Senior High School
Public,9-120.9mi

Price History

Date
Event
Price
03/26/12
Sold
$333,000
Condition Rating
Excellent

Despite the building's 1964 construction, the unit has undergone an extensive and high-quality renovation, making it appear virtually new. The kitchen features modern dark flat-panel cabinetry, stainless steel appliances, gleaming granite countertops, and a chic backsplash. The bathroom is described as 'beautifully accented with stone tilework,' indicating a contemporary update. Throughout the unit, there are dark plank floors, canned lighting, and a fresh, modern aesthetic, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Prime Downtown LA Location: Situated in the heart of Downtown LA, offering immediate access to the finest shopping, dining, and entertainment, and directly above the 7th Street Metro Station for excellent transit connectivity.
Comprehensive Luxury Amenities: Residents benefit from top-notch building amenities including a doorman, valet parking, club room, fitness center, and a rooftop sundeck with a grill, wet bar, panoramic views, and a helipad.
Modern & Updated Interior: The studio unit features a high tray ceiling, canned lighting, plank floors, a corner kitchen with stainless steel appliances, granite countertops, chic backsplash, and a beautifully accented stone tile bathroom.
In-Unit Laundry & Dedicated Parking: The convenience of in-unit laundry combined with a single-slot parking space in the attached garage adds significant value and practicality for urban living.
Cityscape Views: Tall picture windows in the unit frame sweeping cityscapes, providing brilliant natural light and an enhanced urban living experience.

Cons

Exorbitant Monthly Association Fees: The monthly association fee of $1,021.13 is exceptionally high for a studio unit, significantly impacting the overall cost of ownership and potentially limiting buyer interest.
Studio Unit Configuration: Despite being listed with 1 bed, the property is explicitly described as a studio unit, which offers limited living space and privacy, appealing to a narrower market segment.
Building Age & Potential Infrastructure: Constructed in 1964, the building is relatively old. While the unit is updated, the age of the overall structure could lead to higher maintenance costs or future special assessments for common area repairs, contributing to the high HOA fees.

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