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
PENDING$384,900
121 S Hope Street 321, Los Angeles, California 90012
1Bed
1Bath
793Sqft
67,079Lot
Year Built
1980
Close
-
List price
$385K
Original List price
$420K
Price/Sqft
$485
HOA
$1,128
Days on market
-
Sold On
-
MLS number
P1-23090
Home ConditionFair
Features
Excellent View: City Lights
Deck
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $384.9K(4th), sqft - 793(20th), beds - 1(40th), baths - 1(44th).

Newly adjusted price, plus a seller credit of $5,000 toward buyers closing cost or rate buy down! 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
09/13/25
Price Change
$384,900-3.8%
08/02/25
$399,900
07/06/25
$419,900
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

Built in 1980, this condo has received recent cosmetic updates including newer flooring and interior paint, making it move-in ready. However, the kitchen features older wood cabinetry, dated countertops, and a mix of appliance ages (newer fridge, older range/hood), indicating it has not undergone a full modern renovation. The bathroom, while not fully pictured, is likely similarly dated. While functional and well-maintained, the property shows signs of being outdated in key areas, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Prime Downtown Location: Situated in the heart of Downtown LA's Bunker Hill District, offering unparalleled access to cultural landmarks, top dining, entertainment venues, major freeways, and public transportation.
Extensive Building Amenities: The Promenade building provides a full-service living experience with 24-hour security, concierge, pool, spa, fitness center, sauna, on-site management, and basic cable TV.
Seller Financial Incentives: Includes a $5,000 seller credit towards buyer's closing costs or rate buy-down, making the purchase more financially attractive.
Desirable City Views: The unit features stunning views of the Disney Concert Hall and the broader Downtown LA landscape from its spacious balcony and bedroom.
Updated Interior & Essential Comforts: Boasts newer flooring, interior paint, a functional kitchen, central air and heat, and comes with one assigned parking space plus ample guest parking.

Cons

High Monthly Association Fee: The $1,128 monthly association fee is substantial and represents a significant ongoing cost of ownership.
Limited Living Space: At 793 square feet, the 1-bedroom, 1-bath configuration offers limited living space, which may not appeal to all prospective buyers.
Building Age: Constructed in 1980, the building is over 40 years old, potentially implying higher maintenance costs or future special assessments for building-wide infrastructure updates.

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