121 S Hope Street 321, Los Angeles, California 90012, Los Angeles, 90012 - 1 bed, 1 bath

121 S Hope Street 321, Los Angeles, California 90012 home-pic-0
ACTIVE$420,000
121 S Hope Street 321, Los Angeles, California 90012
1Bed
1Bath
793Sqft
67,079Lot
Year Built
1980
Close
-
List price
$420K
Original List price
$449K
Price/Sqft
$530
HOA
$1,128
Days on market
-
Sold On
-
MLS number
P1-20626
Home ConditionFair
Features
Excellent View: City Lights
Deck
Pool
Spa
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $420.0K(20th), sqft - 793(20th), beds - 1(40th), baths - 1(44th).

A wonderful bright and airy 1br-1ba Condo in the desirable Promenade building, situated in the heart of Downtown LA's Bunker Hill District. The unit features newer flooring throughout, newer interior paint, cozy kitchen with ample counter space and cabinetry, plus a breakfast counter that blends nicely into the living room and spacious balcony with a stunning view of the Disney Concert Hall. The spacious bedroom has a view of the Downtown landscape and also has a slider that opens to the balcony. There is central air and heat, and the unit comes with 1 assigned parking space and ample guest parking. The Promenade offers a full-service living experience with an array of amenities, including 24-hour security, concierge services, a pool, spa, fitness center, sauna, on-site management, basic cable TV, and outdoor . Don't miss out on a great Condo that is conveniently located in a vibrant DTLA neighborhood with top dining spots, the Dorothy Chandler Pavilion, The Broad, MOCA, the Ahmanson Theater, and with easy access to major freeways, the Bunker Hill metro station, Grand Central Market, Downtown LA attractions, Dodger Stadium, and Crypto Arena.

Price History

Date
Event
Price
03/14/22
Sold
$489,000
04/23/09
Sold
$252,000
10/21/05
Sold
$503,000
07/28/98
Sold
$98,000
Condition Rating
Fair

The property was built in 1980, making it 44 years old. While the description notes 'newer flooring throughout' and 'newer interior paint,' indicating recent cosmetic updates, the kitchen is vaguely described as 'cozy' with 'ample counter space and cabinetry,' without mentioning modern appliances, countertops, or style. There is no information provided regarding the condition or updates of the bathroom. The provided image is of the building's entrance, which appears well-maintained, but offers no insight into the unit's interior. Given the age of the building and the lack of specific details about major renovations in the kitchen and bathroom, these key areas are likely functional but may show signs of being outdated, requiring minor updates to meet current standards.
Pros & Cons

Pros

Exceptional Downtown Location: Situated in the heart of DTLA's Bunker Hill, offering unparalleled access to cultural landmarks, dining, entertainment, and major transportation hubs including freeways and metro.
Extensive Building Amenities: The Promenade provides a full-service living experience with 24-hour security, concierge, pool, spa, fitness center, sauna, on-site management, and basic cable TV.
Iconic City Views: The unit features stunning views of the Disney Concert Hall and the broader Downtown Los Angeles skyline from both the living area and bedroom balcony.
Updated Interior Finishes: The condo boasts newer flooring throughout and interior paint, along with a cozy kitchen featuring ample counter space and a breakfast counter, suggesting move-in readiness.
Convenient Parking & Climate Control: Includes one assigned parking space, ample guest parking, and central air and heat, enhancing comfort and practicality for urban living.

Cons

Substantial Monthly Association Fees: The association fee of $1,128.00 per month is considerably high for a 1-bedroom unit, significantly impacting the overall monthly cost of ownership.
Recent Price Reduction: The current list price of $420,000 is notably lower than its last recorded sale price of $489,000 in March 2022, which may raise questions about market value stability or seller motivation.
Compact Living Space: At 793 square feet, the 1-bedroom unit offers a relatively compact living area, which might be a consideration for buyers seeking more expansive space.

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