Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveCondominium

1100 S HOPE Street 1516

Los Angeles, CA, 90015

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$1,997,000

MLS: 26657709

Beds

2

Baths

3

Sq Ft

1,689

Lot

0.95 ac

Year Built

2007

MLS #

26657709

Days on Market

8

Listed

Mar 1, 2026

Description

The 2028 Olympics will reshape pockets of Downtown Los Angeles. Being early matters!!! This is a branded & fully remodeled luxury property. Outstanding N/W corner 2BR/3BA unit, with 2-parking spaces (best location in the bldg, EV charger can be installed for approx. $2000). The property is near the top in Luma, South Park, DTLA's premier luxury living. Fantastic views of Oceanwide Plaza (back with new ownership, DTLA's most talked-about stalled megaproject is officially moving forward again), The Ritz, LA Live, and most of all, full panoramic views of the DTLA skyline and the mountains, from floor-to-ceiling windows & corner balcony. Remodel and branding details incl: 2 TVs 75" & 55"; All Restoration Hardward light fixtures; Restoration Hardware dining table, sofas, balcony furniture, bedrame; bidet toilets, custome made wall outlet covers through-out specially made in England; brand new wood floors; custom wallpaper; custom motorized blinds on all windows; custom ceiling fans, custom sliding doors at the bedrooms (for more privacy); custom wood cabinetry and shelving in walk-in closets; custom countertops in kitchen & bathrooms; custom backsplash in kitchen; custom built-in kitchen island with 2 wine coolers, storage and wood cabinetry; custom kitchen wood cabinetry and shelving; commercial-grade stove & oven; stainless steel appliances; luxury brand washer & dryer. Luma is a Green Building, LEED-certified Gold. The building has resort-like amenities incl. 24/7 security & concierge, gym, pool, spa, sundeck & BBQ lounge. Explore the vibrant neighborhood with Pine & Crane, Orange Theory Fitness, South Park Grocery, Starbucks, and more. Plus, you're just moments away from the Crypto.com Arena, LA Live, Ritz-Carlton, USC Village, Whole Foods, Bottega Louie, and the Pico Metro Station, making commuting a breeze. With a Walk Score of 95 and a Transit Score of 100, you may never need a car again. Downtown LA is undergoing major transformations in preparation for the 2026 World Cup & 2028 Summer Olympics, with billions invested into development, including new infrastructure and upgrades. Invest in the future of LA today!

Location

Los Angeles, Los Angeles County, CA 90015

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Listed by: Rasmus Ray Lee · Premier Real Estate Broker, Inc.

Payment estimate

$14,172

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $199,700 · Loan: $1,797,300

%
Principal & Interest
$11,043
Property tax (1.25%)
$2,080
Homeowners insurance
$300
Mortgage insurance
$749
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Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.

Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $69,895 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

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