The Promenade Residences 121 S Hope St Unit 418 Los Angeles, CA 90012
Downtown LA Neighborhood
1
Bed
1
Bath
793
Sq Ft
$822/mo
HOA Fee
Highlights
- Concierge
- 24-Hour Security
- Gated Parking
- Fitness Center
- In Ground Pool
- 5-minute walk to Grand Park
About This Home
As of December 2019FABULOUS VIEW OF CITY FROM THE UNIT. GAZE AT THIS CITY LIGHTS FROM THE OPEN PATIO. BEAUTIFUL LARGE 1 BED ROOM CONDO IN DOWNTOWN LOS ANGELES. GRANITE COUNTER TOPS IN KITCHEN WITH STAINLESS STEEL APPLIANCES. THERE ARE HARD SURFACE FLOORS IN LIVING ROOM. THE BUILDING HAS MANY SERVICES WHICH INCLUDES 24 HR SECURITY/CONCIERGE, SPA, SWIMMING POOL, EXERCISE ROOM, SAUNA, ON SITE MANAGER. BASIC CABLE TV IS INCLUDED WITH GUEST PARKING. UNIT COMES WITH ONE PARKING SPACE. THE BUILDING IS CONVENIENTLY LOCATED NEAR MASS TRANSPORTATION,CIVIC CENTER, SHOPS, AND RESTAURANTS. THIS COMPLEX IS THE CLOSEST CONDO TO CONCERT HALL, MUSIC CENTER, & COURTHOUSES. THE GRAND PROJECT AND FUTURE SUBWAY IS COMING SOON ONE BLOCK AWAY.
Last Agent to Sell the Property
Russell & Evan Team
Wilshire Metro Realty, Inc. License #01370718
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,273
Year Built
- Built in 1980
HOA Fees
- $822 Monthly HOA Fees
Home Design
- Contemporary Architecture
- Composition Roof
Interior Spaces
- 793 Sq Ft Home
- Living Room
- Dining Area
- Carpet
- City Lights Views
- Breakfast Area or Nook
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Parking
- Subterranean Parking
- Garage Door Opener
- Gated Parking
- Guest Parking
Outdoor Features
- In Ground Pool
- Open Patio
Additional Features
- Gated Home
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 5151-002-126
Community Details
Overview
- Association fees include building and grounds, cable TV, earthquake insurance, insurance, security, trash, water and sewer paid
- 139 Units
- 6-Story Property
Amenities
- Concierge
- Picnic Area
- Sauna
- Banquet Facilities
- Meeting Room
- Laundry Facilities
- Elevator
Recreation
- Fitness Center
- Community Pool
- Community Spa
- Park
Pet Policy
- Pet Size Limit
- Call for details about the types of pets allowed
Security
- 24-Hour Security
- Resident Manager or Management On Site
- Controlled Access
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 14, 2019
Closed on
Dec 2, 2019
Sold by
Lew Shannon L and Lew Caridad
Bought by
Keith King Kristine
Seller's Agent
Russell & Evan Team
Wilshire Metro Realty, Inc.
Buyer's Agent
Brian Griffin
Compass
List Price
$498,000
Sold Price
$475,000
Premium/Discount to List
-$23,000
-4.62%
Total Days on Market
44
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.72%
Original Mortgage
$357,750
Outstanding Balance
$317,638
Interest Rate
3.52%
Mortgage Type
New Conventional
Estimated Equity
$176,327
Purchase Details
Closed on
Jan 8, 2014
Sold by
Lew Shannon
Bought by
Lew Living Trust
Purchase Details
Closed on
Jul 19, 2005
Sold by
Lew Laura Marti
Bought by
Lew Shannon
Purchase Details
Closed on
Jun 28, 2005
Sold by
Fujii Steve
Bought by
Lew Shannon
Purchase Details
Closed on
Mar 6, 2001
Sold by
Weber Suzanne E
Bought by
Fujli Steve
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
6.89%
Map
About The Promenade Residences
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $479,000 | Provident Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $155,000 | -- | |
| Grant Deed | $155,000 | Southland Title Corporation |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $357,750 | New Conventional | |
| Previous Owner | $200,000 | Credit Line Revolving | |
| Previous Owner | $124,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/13/2025 05/13/25 | For Sale | $495,000 | +4.2% | $624 / Sq Ft |
| 12/09/2019 12/09/19 | Sold | $475,000 | -4.6% | $599 / Sq Ft |
| 11/06/2019 11/06/19 | Pending | -- | -- | -- |
| 10/21/2019 10/21/19 | For Sale | $498,000 | 0.0% | $628 / Sq Ft |
| 10/21/2019 10/21/19 | Price Changed | $498,000 | +4.8% | $628 / Sq Ft |
| 10/14/2019 10/14/19 | Off Market | $475,000 | -- | -- |
| 09/23/2019 09/23/19 | For Sale | $475,000 | 0.0% | $599 / Sq Ft |
| 04/04/2014 04/04/14 | Rented | $1,700 | -2.9% | -- |
| 03/17/2014 03/17/14 | Under Contract | -- | -- | -- |
| 03/03/2014 03/03/14 | For Rent | $1,750 | +6.1% | -- |
| 03/06/2013 03/06/13 | Rented | $1,650 | -8.1% | -- |
| 03/01/2013 03/01/13 | Under Contract | -- | -- | -- |
| 01/17/2013 01/17/13 | For Rent | $1,795 | +7.2% | -- |
| 06/21/2012 06/21/12 | Rented | $1,675 | 0.0% | -- |
| 06/04/2012 06/04/12 | Under Contract | -- | -- | -- |
| 05/24/2012 05/24/12 | For Rent | $1,675 | -- | -- |
Source: The MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,273 | $513,581 | $325,732 | $187,849 |
| 2023 | $6,150 | $503,512 | $319,346 | $184,166 |
| 2022 | $5,863 | $493,640 | $313,085 | $180,555 |
| 2021 | $5,784 | $483,962 | $306,947 | $177,015 |
| 2020 | $5,923 | $479,000 | $303,800 | $175,200 |
| 2019 | $4,964 | $407,873 | $127,792 | $280,081 |
| 2018 | $4,957 | $399,877 | $125,287 | $274,590 |
| 2016 | $4,740 | $384,351 | $120,423 | $263,928 |
| 2015 | $4,668 | $378,579 | $118,615 | $259,964 |
| 2014 | $4,689 | $371,164 | $116,292 | $254,872 |
Source: Public Records
Source: The MLS
MLS Number: 19-513962
APN: 5151-002-126
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