655 S Hope Street 902, Los Angeles, California 90017, Los Angeles, 90017 - 2 bed, 2 bath
655 S Hope Street 902
Los Angeles, California 90017
Property Price
SUMMARY
Analysis of 655 S Hope Street 902, Los Angeles, California 90017 is currently available with a list price of $425,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Despite being built in 1964, the property features a significantly updated and modern kitchen with stainless steel appliances, contemporary dark cabinetry, and modern lighting fixtures. The dark hardwood flooring throughout the main living areas also appears recently installed and well-maintained. These visible updates suggest the unit is move-in ready with no immediate renovation required for the main living spaces. While the condition of bathrooms and other systems cannot be fully assessed without more images, the quality of the visible renovations aligns with the 'Good' category, indicating a property that has been extensively renovated within the last 5-15 years, making it functional and appealing.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Los Angeles Location
Situated in the heart of DTLA (655 S Hope Street, MLS Area C42), offering unparalleled access to cultural attractions, dining, entertainment, and business districts.
- Competitive Price Point
Listed at $425,000 for a 2 bed/2 bath unit in a desirable urban core, presenting a potentially attractive entry point into the DTLA market.
- Desirable City Views
Features 'City Lights' and 'Neighborhood' views, enhancing the living experience and property appeal.
CONSRISKS & DEFICIENCIES
- Complex Short Sale Process
The property is a 'SHORT SALE SUBJECT TO LIEN HOLDERS' APPROVAL,' indicating a potentially lengthy, uncertain, and complex transaction that requires specialized buyer patience and expertise.
- High Monthly Association Fee
A substantial association fee of $1,187.00 per month significantly increases the total monthly housing cost, which could be a deterrent for many buyers.
- Building Age
Constructed in 1964, the building is older, which might suggest potential for outdated systems, common area wear, or a need for future special assessments for major renovations, impacting long-term costs.
About 655 S Hope Street 902
GREAT OPPURTUNITY TO OWN THIS BEAUTIFUL DTLA CONDO. SHORT SALE SUBJECT TO LIEN HOLDERS' APPROVAL.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1964
- Lot Size
- 11,677 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1187.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Castelar Street Elementary School
Grades K-5 • 1.5 mi
John H. Liechty Middle School
Grades 6-8 • 0.9 mi
Belmont Senior High School
Grades 9-12 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 73% |
| Baths | 2.0 | 1.0 | 59% |
| Square foot | 930 | 837 | 77% |
| Lot Size | 11,677 | 71,352 | 23% |
| Price | $425.0K | $470.0K | 41% |
| Price per sq ft | $457 | $618 | 5% |
| Built year | 1964 | 2006 | 18% |
| HOA | $1187.0 | $831 | 77% |
| Days on market | 192 | 271 | 32% |
Pricing History
Listed for Sale
Aug 26, 2025
$425,000
Initial Listing
Sold
Apr 28, 2022
$579,000
Public Record
Sold
Feb 6, 2013
$500,000
Public Record