655 South Hope Street, 1603, Los Angeles, CA 90017
655 South Hope Street, 1603, Los Angeles, CA 90017
Property Description
VALUE ORIENTED PURCHASE - PRICELESS VIEWS. OWNER WANTS CONDO SOLD. Great opportunity to own a turn-key luxury live-work studio condo in downtown Los Angeles located at one of DTLA's prime real estate corners. Open floor plan with entry hall, walk-in closet, and deeded storage in the basement. Located on the 16th floor, the condo features floor to ceiling windows with remote control operated shades and expansive views to the east and south. The unit has been a monthly furnished rental since the original owner's purchase in 2012. Tenant occupied under a month-to-month term, and can be delivered upon sale with or without the Tenant. Asking price includes all furnishings and accessories. One unassigned parking space in a structured and secure garage accessible from the same elevator bank as the unit. The deeded storage is approx. 5x5x8 in size (metal walls). Building amenities include a rooftop community space with outdoor kitchen plus a fitness center and community room on the 2nd floor. Zoning allows for the 655 Hope St condo occupant to operate a professional services business from the unit, subject to the provisions of the city of Los Angeles' Adaptive Reuse Ordinance and governing HOA documents. Buyer is responsible for all due diligence associated with the condo association's CC&Rs, bylaws, rules/regulations, and financials. 655 S Hope St is located at a key urban corner at 7th & Hope Streets atop the city's busiest light-rail corridors - 7th Street Metro Center. The building is across the street from a retail/restaurant center anchored by Joey DTLA and a Sheraton Hotel. Whole Foods and Ralphs are located 2 to 3 blocks away.
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Los Angeles · Condominium
Listed 7.8% below the median closed sale of $325,000.
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 256 La Fayette Park | Los Angeles | 1971 | 1 | 1 | 474 | 16,917 | $833 | $395,000 | 23 | 91 |
| 2135 Bellevue Avenue | Los Angeles | 1959 | 1 | 1 | 448 | 10,392 | $891 | $399,000 | 3 | 90 |
| 2135 Bellevue | Los Angeles | 1959 | 0 | 1 | 448 | 10,385 | $804 | $360,000 | 8 | 84 |
| 11645 Montana Avenue | Los Angeles | 1973 | 1 | 1 | 475 | 50,016 | $947 | $449,900 | 51 | 83 |
| 7250 Franklin Avenue | Los Angeles | 1964 | 0 | 1 | 449 | 53,531 | $557 | $250,000 | 2 | 82 |
| Total: 5 · Average | 0.6 | 1.0 | 458.8 | 28,248.2 | $806.4 | $370,780 | 17.4 | |||
| Median | 449 | $395,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1522 S Centinela Ave | Los Angeles | 1966 | 09/25/2026 | 1 | 1 | 623 | 13,544 | $449,000 | $440,000 | $706 | 0.98 | 139 | 87 |
| 7250 Franklin | Los Angeles | 1964 | 09/30/2026 | 0 | 1 | 536 | 53,531 | $300,000 | $275,000 | $513 | 0.92 | 68 | 87 |
| 904 New Hampshire Avenue | Los Angeles | 2024 | 10/02/2026 | 1 | 1 | 573 | 0 | $299,999 | $325,000 | $567 | 1.08 | 60 | 83 |
| 222 Central Avenue | Los Angeles | 1985 | 10/01/2026 | 1 | 1 | 590 | 87,079 | $355,000 | $345,000 | $585 | 0.97 | 99 | 80 |
| 1119 Albany | Los Angeles | 1983 | 10/07/2026 | 1 | 1 | 650 | 147,380 | $200,000 | $210,000 | $323 | 1.05 | 39 | 80 |
| Total: 5 · Average | 0.8 | 1.0 | 594.4 | 75,383.5 | $319,000 | $319,000 | $538.8 | — | 81 | ||||
| Median | 590 | $325,000 | $325,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.