655 S Hope St Unit 1603, Los Angeles, CA, 90017
About This Home
PRICE JUST REDUCED BY $20k. 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.
Getting Around
Walker's Paradise
Rider's Paradise
Very BikeableSchools
Construction
Condition
- Property condition: Turnkey
- Year built: 1964
Materials
- Construction materials: Steel
Type & Style
- Home type: Condo
- Architectural style: Modern
- Property subType: Condominium
Interior
Appliances
- Appliances included: Dishwasher,Gas Cooktop,Disposal,Gas Oven,Microwave,Refrigerator,Self Cleaning Oven
- Laundry features: Laundry Closet
Bathroom
- Features: Bathtub,Stone Counters,Tub Shower
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Features
- High Ceilings,Stone Counters,Loft
- Window features: Blinds,Tinted Windows
- Flooring: Wood
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Heating & Cooling
- Heating features: Heat Pump
- Cooling features: Central Air
Interior Area
- Total interior livable area: 530 sqft
Kitchen
- Features: Stone Counters
Property
Details
- Parcel number: 5144006102
- Attached to another structure: Yes
- Special condition: Standard
Features
- Levels: Three Or More
- Stories: 3
- Entry location: Hope Street
- Pool features: None
- Patio & porch: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: City Lights
Lot
- Lot size: 0.27 Acres
- Features: Corner Lot
Parking
- Total spaces: 1
- Parking features: Gated,Community Structure,Unassigned
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,819 | $21,828 |
| Home Insurance * | $77 | $924 |
| Property Taxes | $367 | $4,404 |
| Electricity | $398 | $4,786 |
| Total | $2,661 | $31,932 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-07 | Price change | $339,900 |
| 2026-07-28 | Listed for sale | $359,900 |
| 2025-07-20 | Listing removed | $2,650 |
| 2025-07-01 | Price change | $2,650 |
| 2025-06-28 | Listed for rent | $2,595 |
| 2024-11-23 | Listing removed | $2,595 |
| 2024-11-09 | Listed for rent | $2,595 |
| 2024-09-13 | Listing removed | $2,595 |
| 2024-09-06 | Listed for rent | $2,595 |
| 2024-08-16 | Listing removed | -- |
| 2024-06-30 | Listed for rent | $2,600 |
| 2023-02-08 | Listing removed | -- |
| 2023-01-28 | Listed for rent | $2,550 |
| 2012-05-23 | Sold | $328,000 |
| 2012-02-07 | Sold | $580,000 |
For Sale by Agent
View on Zillow