ActiveCondominium

121 S Hope Street 318

Los Angeles, CA, 90012

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$574,999

Original list price: $579,000

MLS: OC26086831

Beds

2

Baths

2

Sq Ft

1,227

Lot

1.54 ac

Year Built

1980

MLS #

OC26086831

Days on Market

14

Listed

Apr 23, 2026

Description

Available for purchase through May 31. A standout 2-bedroom opportunity within the Promenade, offering a rare combination of space and quiet in the heart of Downtown LA, priced more accessibly than comparable units in the building. Tucked away on the peaceful interior side, this residence offers over 1,200 square feet and a welcome sense of calm in downtown living. Unlike street-facing units, it enjoys a quiet courtyard setting with greenery and an unexpected skyline view, creating a unique balance of energy and privacy. The open living and dining area is filled with natural light and connects seamlessly to a private balcony, extending the living space outdoors. The layout is both functional and flexible, well-suited for everyday living, working from home, or hosting guests. The primary bedroom is set apart as a quiet, private retreat, while the second bedroom offers versatility for guests or a dedicated office. The unit is conveniently situated near the elevator serving its tandem parking spaces, as well as on-floor laundry and trash facilities. Residents enjoy a landscaped courtyard, pool, spa, and welcoming lobby. Located just steps from the Walt Disney Concert Hall, The Broad, MOCA, Grand Park, and other civic and cultural landmarks, the home sits within the highly walkable Bunker Hill neighborhood. The location also offers excellent connectivity. A major new Metro regional connector station across the street provides direct access throughout the city, along with additional nearby Metro and bus lines. Immediate access to major freeways makes it easy to navigate greater Los Angeles. A compelling opportunity to secure value today, with the flexibility to refinance over time as financing conditions evolve.

Location

Los Angeles, Los Angeles County, CA 90012

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Listed by: Emmett Dalton · Dalton Real Estate

Payment estimate

$4,389

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $57,500 · Loan: $517,499

%
Principal & Interest
$3,274
Property tax (1.25%)
$599
Homeowners insurance
$300
Mortgage insurance
$216
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Today's Rates

As of May 21, 2026

30-year fixed
6.51%
15-year fixed
5.85%

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

About the area · Mike Watson

About the Antelope Valley

The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.

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 $20,125 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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Local Market Stats

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

#1 Producing Individual Realtor — Antelope Valley

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Listing data provided by the MLS · Presented by Watson & Associates · Keller Williams Realty · mikewatsonrealtor.com
All information deemed reliable but not guaranteed. Contact listing agent to verify.