655 S Hope Street 606, Los Angeles, California 90017, Los Angeles, 90017 - 1 bed, 1 bath
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655 S Hope Street 606
Los Angeles, California 90017
ACTIVE
CONDITION: GOOD
1Beds
1Baths
550Sq Ft
11,674Lot Size
Property Price
LIST PRICE$410,000
EST. MARKET VALUE
$352,498
16% AboveMARKET VALUE
SUMMARY
This Contemporary Loft represents a High-Potential Investment Opportunity, listed at $410,000—positioned well above the $352,499 Fair Market Value by 16%. While the unit features a Condition Rating of 3 with a Granite Kitchen and modern finishes, the high association fees necessitate a careful review of long-term yield. Located directly above the 7th Street/Metro Center with a Walk Score of 99, this property offers an unmatched urban lifestyle. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants prioritizing transit-oriented living in Downtown Los Angeles.
Estimated Market Value
$352,498
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 655 S Hope Street 606 Subject 1 bd · 1 ba · 550 sqft · $641 | $410,000* List Price | 1 | 1 | 550 | $641 | - |
A 889 S Francisco Street 2805 Sold 0 bd · 1 ba · 480 sqft · $685 · 0.4 mi | $329,000 | 0 | 1 | 480 | $685 | 0.4 mi |
B 630 W 6th Street 506 Active 1 bd · 1 ba · 550 sqft · $544 · 0.1 mi | $299,000 List Price | 1 | 1 | 550 | $544 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the building was originally constructed in 1964, the unit features a contemporary loft renovation likely within the 5-15 year range. The kitchen and bathrooms are updated with granite countertops, stainless steel appliances, and modern vessel sinks. Systems appear functional and well-maintained, including in-unit laundry and modern HVAC vents, making the property move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Unbeatable Urban Connectivity
Boasting a perfect Transit Score of 100 and a Walk Score of 99, this residence is located directly above the 7th Street/Metro Center, providing unparalleled access to all of Los Angeles.
- Premium Building Amenities
The property offers a luxury lifestyle with 24-hour concierge security, a fitness center, and an expansive rooftop sky deck featuring panoramic city views and social lounges.
- Modern Interior Features
The loft features desirable floor-to-ceiling windows and high ceilings that maximize natural light, complemented by a contemporary kitchen and the convenience of an in-unit washer and dryer.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee of $1,238.36 is exceptionally high for a 550-square-foot unit, which may deter budget-conscious buyers and impact the property's investment yield.
- Limited Square Footage
At only 550 square feet, the living space is quite compact for a one-bedroom residence, potentially limiting furniture configurations and long-term utility for some occupants.
About 655 S Hope Street 606
Hope Street Lofts offers stylish loft living in the heart of Downtown Los Angeles Financial District. This spacious residence features an open floor plan, floor-to-ceiling windows, high ceilings, abundant natural light, and a contemporary kitchen with granite countertops and stainless-steel appliances. Additional highlights include an in-unit washer and dryer, walk-in closet, and secure garage parking. Residents enjoy an impressive collection of amenities designed for convenience and an urban lifestyle, including 24-hour front desk concierge and security, controlled access, fitness center, rooftop sky deck with panoramic Downtown Los Angeles views, BBQ area, outdoor lounge and sun deck, entertainment and game room with billiards, resident lounge with wet bar, elevator access, and secure parking. Hope Street Lofts offers a convenient lock-and-leave lifestyle in one of Downtown Los Angeles' most walkable locations. Walk Score 99 - Walker's Paradise and Transit Score 100 - Excellent Public Transportation. The building is directly above the 7th Street/Metro Center Station, providing easy access throughout Los Angeles, with convenient connections to the 110, 10, 101 and 5 Freeways. Enjoy an exceptional selection of dining, shopping, entertainment, and everyday conveniences just outside your door. Nearby favorites include JOEY DTLA, Javier's, SUGARFISH, Bottega Louie, Hatch Yakitori + Bar, Nick + Stef's Steakhouse, Casa Ipanema, L.A. Cafe, Starbucks, Whole Foods Market, Target, UNIQLO, lululemon, Sephora, Walgreens, Petco, LA Fitness, and Alamo Drafthouse Cinema. Entertainment and cultural destinations are also within minutes, including Crypto Arena, L.A. LIVE, Peacock Theater, Walt Disney Concert Hall, The Broad, MOCA, Grand Central Market, Angels Flight Railway, Pershing Square, Grand Hope Park, The Last Bookstore, Los Angeles Central Library, Grand Park, and Los Angeles City Hall. Experience the best of Downtown LA living with arts, dining, shopping, transportation, and entertainment all within easy reach.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1964
- Lot Size
- 11,674 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1238.36 / Month
Neighborhood Insights
Los Angeles Unified Schools
Castelar Street Elementary School
Grades K-5 • 1.5 mi
6/10
John H. Liechty Middle School
Grades 6-8 • 0.9 mi
3/10
Belmont Senior High School
Grades 9-12 • 0.9 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 550 | 1,252.996 |
| Lot Size | 11,674 | 26,029.603 |
| Price | $410.0K | $778.5K |
| Price per sq ft | $745 | $629 |
| Built year | 1964 | 1981 |
| HOA | $1238.36 | $676 |
| Days on market | 76 | 74 |
Pricing History
Listed for Sale
Aug 25, 2026
$410,000
Initial Listing
Sold
Jul 8, 2022
$405,000
Public Record
Sold
Apr 24, 2020
$405,000
Public Record
Sold
Oct 23, 2018
$420,000
Public Record
Sold
Aug 8, 2013
$340,000
Public Record
Sold
Nov 3, 2010
$236,000
Public Record