121 S Hope Street 429, Los Angeles, California 90012, Los Angeles, 90012 - 1 bed, 1 bath

121 S Hope Street 429, Los Angeles, California 90012 home-pic-0
ACTIVE$396,000
121 S Hope Street 429, Los Angeles, California 90012
1Bed
1Bath
853Sqft
67,210Lot
Year Built
1980
Close
-
List price
$396K
Original List price
$430K
Price/Sqft
$464
HOA
$1,128
Days on market
-
Sold On
-
MLS number
25576723
Home ConditionGood
Features
Good View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $396.0K(8th), sqft - 853(32th), beds - 1(40th), baths - 1(44th).

Welcome to this beautifully updated 1-bedroom, 1-bathroom condo spanning 853 sqft in the prestigious Promenade Building, located on the 4th floor. This bright and airy unit features fresh interior paint throughout most of the home, enhancing its modern appeal. The open living area boasts elegant flooring, smooth ceilings, and custom crown molding, creating a sophisticated yet inviting atmosphere. The spacious bedroom offers ample closet space and a serene retreat, while the bathroom showcases tasteful tilework and a sleek modern vanity with a stylish sink. Standout feature is the enclosed patio, thoughtfully transformed into a private study or reading nook, perfect for enjoying the lush green views. The well-appointed kitchen includes a refrigerator, ample counter space, and cabinetry, seamlessly connecting to the living area for easy entertaining. Residents of the Promenade enjoy unparalleled amenities, including a pool, spa, fitness center, sauna, 24/7 security, concierge services, on-site management, fiber internet, and generous guest parking. With one assigned parking space included( #144), convenience is at your fingertips. Perfectly situated across from the Disney Concert Hall, this condo is near by cultural landmarks like The Broad, MOCA, Dorothy Chandler Pavilion, and Ahmanson Theater. Enjoy top dining, Grand Central Market, and easy access to Dodger Stadium, Crypto Arena, major freeways, and the Bunker Hill metro station. Experience luxury living in the heart of Downtown LA! Home is virtually staged.

Price History

Date
Event
Price
11/22/25
Price Change
$396,000-4.6%
09/30/25
Price Change
$415,000-3.5%
08/12/25
Listing
$429,999
05/13/16
Sold
$480,000
04/10/15
Sold
$418,000
01/17/13
Sold
$342,000
07/25/12
Sold
$285,000
03/08/07
Sold
$409,500
Condition Rating
Good

The condo, built in 1980, has undergone significant updates, including fresh paint, elegant modern flooring in the living areas, and a tastefully renovated bathroom with sleek vanity and subway tile. While the kitchen features clean white cabinetry and a stainless steel refrigerator, the black appliances (range, microwave, dishwasher) and laminate countertops appear older and are not consistent with a full, recent high-end renovation. However, the property is move-in ready with no immediate renovations required, aligning with a 'Good' condition score.
Pros & Cons

Pros

Exceptional Downtown LA Location: The condo boasts an unparalleled location directly across from the Disney Concert Hall, with immediate access to major cultural landmarks, top dining, entertainment venues, and public transportation, offering a vibrant urban lifestyle.
Comprehensive Luxury Amenities: Residents benefit from a full suite of high-end building amenities including a pool, spa, fitness center, sauna, 24/7 security, concierge services, on-site management, fiber internet, and generous guest parking.
Modern & Updated Interior: The unit features fresh interior paint, elegant flooring, smooth ceilings, custom crown molding, and a tastefully updated bathroom and well-appointed kitchen, providing a contemporary and move-in ready living space.
Dedicated Private Study/Nook: The enclosed patio has been thoughtfully converted into a private study or reading nook, offering valuable functional space with pleasant green views, ideal for remote work or relaxation.
Convenient Parking Solutions: The inclusion of one assigned parking space (#144) and generous guest parking is a significant advantage and highly desirable in a dense urban environment like Downtown Los Angeles.

Cons

Substantial Monthly Association Fees: The monthly association fee of $1,128 is notably high for a 1-bedroom unit, which significantly impacts the overall cost of ownership and could deter some potential buyers.
Recent Price Reductions: The property has undergone multiple price reductions from its original list price, which may indicate initial overpricing or challenges in attracting buyer interest at previous price points.
Building Age & Potential Future Costs: Built in 1980, the building is over 40 years old. While the unit is updated, the age of the overall building could imply older infrastructure and potential for future maintenance costs or special assessments.

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