655 S Hope Street 607, Los Angeles, California 90017, Los Angeles, 90017 - 2 bed, 2 bath

655 S Hope Street 607, Los Angeles, California 90017 home-pic-0
ACTIVE UNDER CONTRACT$399,000
655 S Hope Street 607, Los Angeles, California 90017
2Beds
2Baths
850Sqft
11,677Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Sound Insulation: The unit features triple-pane glass and Milgard soundproof doors in master suites, providing superior sound insulation for a tranquil urban living experience in DTLA.
Top Cons:
High Monthly Association Fees: The substantial monthly association fee of $1187.0 could significantly impact the overall cost of ownership and limit the buyer pool.

Compared to the nearby listings

Price:$399.0K vs avg $530.0K ($-131,000)17%
Size:850 sqft vs avg 850 sqft50%
Price/sqft:$469 vs avg $61714%

More Insights

Built in 1964 (61 years old).
Condition: Despite the 1964 build year, this unit has undergone an extensive and recent renovation, presenting as a 'contemporary retreat.' The kitchen features premium GE Profile stainless steel appliances, dark wood cabinetry, and polished granite countertops, all in excellent, modern condition. The unit boasts rich beech laminate flooring throughout and glass-enclosed showers, reflecting high-quality, current design standards. While sold 'as-is,' the visible interior components are virtually new and meet current quality standards, indicating a full recent renovation.
Year Built
1964
Close
-
List price
$399K
Original List price
$528K
Price/Sqft
$469
HOA
$1,187
Days on market
-
Sold On
-
MLS number
OC25176651
Home ConditionExcellent
Features
Good View: City Lights, Neighborhood, Peek-A-Boo
ViewCity Lights,Neighborhood,Peek-A-Boo

About this home

Experience the perfect blend of urban sophistication and tranquil living in this quiet, serene unit—featuring TRIPLE-pane glass in both master suites for superior sound insulation and comfort. Ideal for DTLA executives or university students, this home offers both privacy and style. Each master suite includes elegant Milgard sliding laminate soundproof doors, combining a sleek high-end design with natural light and modern functionality. The flexible layout is ideal for roommates, dual tenants, or investors, with two private bedrooms, two baths, and excellent rental income potential. Deeded storage included. Designed for modern living, this live/work loft showcases floor-to-ceiling reflective glass windows that capture panoramic city views within a secure and stylish setting. Entertain with ease or unwind in comfort with premium GE Profile stainless steel appliances, including a gas range, refrigerator, microwave, dishwasher, and in-unit washer/dryer. Luxury details abound: polished granite countertops, glass-enclosed showers, solid-core entry doors, dark wood cabinetry, and rich beech laminate flooring create an ambiance of refined elegance. Every element has been thoughtfully curated to deliver a quiet, contemporary retreat in the heart of downtown. Building amenities include a 24/7 fitness center, rooftop entertainment deck, and helipad, offering unmatched convenience and prestige. Photos shown are archived images of building common areas and may not represent current conditions. Property sold as-is with furniture and seller concessions. Buyer to verify all permits and records with the city.

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
02/10/12
Sold
$336,000
Condition Rating
Excellent

Despite the 1964 build year, this unit has undergone an extensive and recent renovation, presenting as a 'contemporary retreat.' The kitchen features premium GE Profile stainless steel appliances, dark wood cabinetry, and polished granite countertops, all in excellent, modern condition. The unit boasts rich beech laminate flooring throughout and glass-enclosed showers, reflecting high-quality, current design standards. While sold 'as-is,' the visible interior components are virtually new and meet current quality standards, indicating a full recent renovation.
Pros & Cons

Pros

Exceptional Sound Insulation: The unit features triple-pane glass and Milgard soundproof doors in master suites, providing superior sound insulation for a tranquil urban living experience in DTLA.
Prime Downtown Los Angeles Location: Situated in the heart of DTLA, this property is ideal for executives and university students, offering excellent connectivity and urban convenience.
Flexible Layout & Investment Potential: With two private master suites and two baths, the flexible layout is perfect for roommates or investors seeking strong rental income potential.
High-End Unit Finishes & Appliances: The unit boasts premium GE Profile stainless steel appliances, polished granite countertops, glass-enclosed showers, and rich beech laminate flooring, enhancing modern living.
Robust Building Amenities: Residents benefit from a 24/7 fitness center, a rooftop entertainment deck, and a helipad, offering luxury, convenience, and prestige.

Cons

High Monthly Association Fees: The substantial monthly association fee of $1187.0 could significantly impact the overall cost of ownership and limit the buyer pool.
As-Is Sale Condition: The property is sold 'as-is,' requiring the buyer to verify all permits and records, which may imply potential for unforeseen expenses or required repairs.
Significant Price Reduction History: Multiple substantial price drops from an original list price of $528,000 to $399,000 may indicate market resistance or perceived overvaluation, potentially affecting future resale value.

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