655 S Hope Street 902, Los Angeles, California 90017, Los Angeles, 90017 - 2 bed, 2 bath
ACTIVE UNDER CONTRACT$425,000
655 S Hope Street 902, Los Angeles, California 90017
2Beds
2Baths
930Sqft
11,677Lot
Year Built
1964
Close
-
List price
$425K
Original List price
$425K
Price/Sqft
$457
HOA
$1,187
Days on market
-
Sold On
-
MLS number
DW25192079
Home ConditionGood
Features
Excellent View: City Lights, Neighborhood
ViewCity Lights,Neighborhood
About this home
We found 3 Cons,5 Pros. Rank: price - $425.0K(28th), sqft - 930(66th), beds - 2(66th), baths - 2(50th).
GREAT OPPURTUNITY TO OWN THIS BEAUTIFUL DTLA CONDO. SHORT SALE SUBJECT TO LIEN HOLDERS' APPROVAL.
Nearby schools
6/10
Castelar Street Elementary School
Public,•K-5•1.5mi
3/10
John H. Liechty Middle School
Public,•6-8•0.9mi
3/10
Belmont Senior High School
Public,•9-12•0.9mi
Price History
Date
Event
Price
08/26/25
Listing
$425,000
04/28/22
Sold
$579,000
02/06/13
Sold
$500,000
Condition Rating
Good
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.
Pros & Cons
Pros
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.
Condominium Lifestyle: Offers the benefits of condo living, typically including shared amenities (common in DTLA) and reduced exterior maintenance responsibilities for the owner.
Potential Investment Opportunity: The short sale status, while challenging, can represent a significant opportunity for a savvy buyer to acquire the property below market value, potentially yielding future appreciation.
Cons
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.