655 S Hope Street 1403, Los Angeles, California 90017, Los Angeles, 90017 - 1 bed, 1 bath

655 S Hope Street 1403, Los Angeles, California 90017 home-pic-0
ACTIVE$459,000
655 S Hope Street 1403, Los Angeles, California 90017
1Bed
1Bath
530Sqft
11,674Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Unbeatable Downtown Location: Situated in the vibrant Financial District with immediate access to dining, shopping, entertainment, and the 7th St. Metro Center subway station.
Top Cons:
Substantial Monthly HOA Dues: The association fee of $897.13 is notably high, impacting the overall affordability and monthly carrying costs for potential buyers.

Compared to the nearby listings

Price:$459.0K vs avg $530.0K ($-71,000)34%
Size:530 sqft vs avg 827 sqft10%
Price/sqft:$866 vs avg $62297%

More Insights

Built in 1964 (61 years old).
Condition: Despite the building's 1964 construction, this studio loft has undergone a comprehensive and high-quality modern renovation. The kitchen features state-of-the-art stainless steel appliances, sleek white cabinetry, and quartz countertops, all appearing virtually new. Hardwood floors are consistent throughout the unit, and the overall design, including lighting and fixtures, reflects a contemporary aesthetic. The stackable washer/dryer is also modern. The property is move-in ready with no deferred maintenance visible, meeting current quality standards.
Year Built
1964
Close
-
List price
$459K
Original List price
$490K
Price/Sqft
$866
HOA
$897.13
Days on market
-
Sold On
-
MLS number
SR24191106
Home ConditionExcellent
Features
Excellent View: City Lights, Neighborhood, Panoramic
ViewCity Lights,Neighborhood,Panoramic

About this home

Welcome to this stunning studio loft nestled in the heart of Los Angeles' bustling Financial District. Boasting expansive windows that offer breathtaking city vistas, this 14th-floor urban retreat is an ideal blend of contemporary design and urban convenience. Spanning 530 sq. feet, this residence exudes modern elegance with sleek hardwood floors throughout. The open kitchen, complete with quartz countertops and state-of-the-art stainless steel appliances, is perfect for both culinary enthusiasts and everyday living. Additionally, the convenience of stackable laundry adds a touch of practicality. The studio loft features a spacious walk-in closet, ensuring ample storage space for your wardrobe and belongings. Residents will enjoy easy access to the finest dining, shopping, and entertainment options that Downtown LA has to offer. Beyond the residence, 655 Hope stands as one of the city's most beautiful residential towers, offering a host of exceptional amenities. Residents can unwind and entertain guests at the rooftop lounge equipped with BBQ grills, revel in a well-equipped gym, and take advantage of the 24-hour concierge service for convenience and security. Need a space to conduct business? A business center/conference room is readily available. As an added bonus, the location couldn't be more convenient, with the 7th St. Metro Center subway station located just downstairs, providing easy access to public transit. Parking will never be an issue, as the unit comes with one unassigned parking space in the attached secure access garage. Don't miss this opportunity to live in style and luxury at the heart of LA's vibrant Financial District.

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
03/27/19
Sold
$420,000
03/18/15
Sold
$369,000
11/10/10
Sold
$250,000
Condition Rating
Excellent

Despite the building's 1964 construction, this studio loft has undergone a comprehensive and high-quality modern renovation. The kitchen features state-of-the-art stainless steel appliances, sleek white cabinetry, and quartz countertops, all appearing virtually new. Hardwood floors are consistent throughout the unit, and the overall design, including lighting and fixtures, reflects a contemporary aesthetic. The stackable washer/dryer is also modern. The property is move-in ready with no deferred maintenance visible, meeting current quality standards.
Pros & Cons

Pros

Unbeatable Downtown Location: Situated in the vibrant Financial District with immediate access to dining, shopping, entertainment, and the 7th St. Metro Center subway station.
Premium Building Amenities: Offers a luxurious lifestyle with a rooftop lounge, BBQ grills, well-equipped gym, 24-hour concierge service, and a business center.
Modern Design & Panoramic Views: Features contemporary interiors with sleek hardwood floors, an updated kitchen with quartz countertops and stainless steel appliances, and breathtaking city vistas from the 14th floor.
Secure Dedicated Parking: Includes a valuable unassigned parking space in an attached secure access garage, a significant asset in dense urban areas like Downtown LA.
Convenient In-Unit Features: Equipped with practical stackable laundry and a spacious walk-in closet, maximizing comfort and storage within the studio layout.

Cons

Substantial Monthly HOA Dues: The association fee of $897.13 is notably high, impacting the overall affordability and monthly carrying costs for potential buyers.
Compact Studio Layout: As a 530 sq. ft. studio loft, the property offers a compact living arrangement that may not suit all buyer preferences for space or distinct living areas.
Building Age: Constructed in 1964, the building is older, which could potentially lead to higher maintenance costs or future special assessments, despite its current condition and reputation.

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