655 S Hope Street 704, Los Angeles, California 90017, Los Angeles, 90017 - 2 bed, 2 bath

655 S Hope Street 704, Los Angeles, California 90017 home-pic-0
ACTIVE$719,000
655 S Hope Street 704, Los Angeles, California 90017
2Beds
2Baths
1,080Sqft
11,677Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Unbeatable Urban Location: Situated in the heart of Downtown LA, offering immediate access to shopping, dining, entertainment (Crypto.com Arena, LA Live), and directly above the 7th Street Metro Station for unparalleled transit convenience.
Top Cons:
High Monthly Association Fee: The substantial monthly association fee of $1,287 significantly increases the overall cost of ownership and could be a deterrent for some buyers.

Compared to the nearby listings

Price:$719.0K vs avg $550.0K (+$169,000)79%
Size:1,080 sqft vs avg 852 sqft72%
Price/sqft:$666 vs avg $62262%

More Insights

Built in 1964 (61 years old).
Condition: Despite the building being constructed in 1964, the unit itself appears to have undergone a significant and modern renovation. The kitchen features contemporary dark flat-panel cabinetry, stainless steel appliances (fridge, microwave, oven/range, dishwasher), and wood-look tile flooring, all indicative of a recent update. The bathrooms also present a modern aesthetic with vessel sinks, dark vanities, and updated fixtures. The living areas boast stylish dark hardwood floors. The overall condition suggests the property is move-in ready with no immediate renovation required, aligning with a renovation within the last 5-15 years, which fits the 'Good' criteria.
Year Built
1964
Close
-
List price
$719K
Original List price
$729K
Price/Sqft
$666
HOA
$1,287
Days on market
-
Sold On
-
MLS number
25613363
Home ConditionGood
Features
Excellent View: City Lights
Deck
ViewCity Lights

About this home

LOCATION!! The Hope Street Lofts in Downtown L.A. offers a spacious and stylish living experience. Located in the heart of downtown, it's just a stone's throw away from shopping centers, restaurants, and entertainment venues. The Crypto.com Arena (formerly the Staples Center) is only a few blocks away, making it an ideal place for sports fans. The semi-open floor plan is polished to perfection, creating a seamless flow between the living room, dining area, and kitchen. The condo offers stunning city views from the south and west-facing floor-to-ceiling windows and walls, adding to its appeal. There are two full bathrooms, each with a soaking tub. The kitchen is equipped with stainless steel fridge and dishwasher, and an oversized breakfast bar. A washer and dryer are also included in the unit. The building amenities include 24/7 security, a front desk concierge, a rooftop with panoramic Downtown views, a helicopter pad, a sundeck, barbecue grills, and a chic wet bar. The rooftop has recently been redone for entertainment with amazing views. For lifestyle convenience, the condo also features a game room and a gym with brand new equipments. Additionally, there's a large storage room in the basement exclusive to this unit. One unassigned parking space is available onsite. Located directly above the 7th Street Metro Station, the Hope Street Lofts offers the best of urban living at your doorstep. It's conveniently situated near all the action at Crypto Arena or LA Live, making it an ideal choice for those who want to experience the heart of downtown L.A.

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
03/14/12
Sold
$525,000
Condition Rating
Good

Despite the building being constructed in 1964, the unit itself appears to have undergone a significant and modern renovation. The kitchen features contemporary dark flat-panel cabinetry, stainless steel appliances (fridge, microwave, oven/range, dishwasher), and wood-look tile flooring, all indicative of a recent update. The bathrooms also present a modern aesthetic with vessel sinks, dark vanities, and updated fixtures. The living areas boast stylish dark hardwood floors. The overall condition suggests the property is move-in ready with no immediate renovation required, aligning with a renovation within the last 5-15 years, which fits the 'Good' criteria.
Pros & Cons

Pros

Unbeatable Urban Location: Situated in the heart of Downtown LA, offering immediate access to shopping, dining, entertainment (Crypto.com Arena, LA Live), and directly above the 7th Street Metro Station for unparalleled transit convenience.
Extensive Building Amenities: The building provides a luxurious lifestyle with 24/7 security, concierge, a recently redone rooftop with panoramic Downtown views, sundeck, BBQ grills, wet bar, game room, and a gym with new equipment.
Panoramic City Views: The condo boasts stunning south and west-facing floor-to-ceiling windows and walls, providing expansive and captivating city views.
Modern Unit Features: Features a polished semi-open floor plan, two full bathrooms with soaking tubs, a kitchen equipped with stainless steel appliances and an oversized breakfast bar, plus in-unit washer and dryer.
Exclusive Storage & Parking: Includes a large, exclusive storage room in the basement and one onsite unassigned parking space, adding significant value and convenience in a dense urban environment.

Cons

High Monthly Association Fee: The substantial monthly association fee of $1,287 significantly increases the overall cost of ownership and could be a deterrent for some buyers.
Building Age: Constructed in 1964, the building is older, which may lead to higher maintenance costs or potential for less modern infrastructure compared to newer luxury developments.
Unassigned Parking: While parking is provided, the unassigned nature of the single space could present minor inconveniences or challenges in securing a preferred spot.

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