NOT LISTED FOR SALE

The Promenade Residences 121 S Hope St Unit 611 Los Angeles, CA 90012

Downtown LA Neighborhood

Estimated Value: $478,000 - $867,000

1 Bed
1 Bath
942 Sq Ft
1.54 Acres

Last Sold July 24, 2013

Last sale price $460,000 $488 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $3,888/month

Highlights

  • Fitness Center
  • Gated Parking
  • 1.54 Acre Lot
  • In Ground Pool
  • City Lights View
  • 5-minute walk to Grand Park

About This Home

As of August 2024

Fabulous corner penthouse unit has two balconies with fantastic views of Downtown Los Angeles and the San Gabriel mountains. Centrally located on Bunker Hill, a short distance away is the Walt Disney Concert Hall, The Museum of Contemporary Art (MOCA), the Broad Musuem, the Dorothy Chandlier Pavillion and the Ahmanson Theatre. One can also enjoy fine dining at the nearby restaurants or a short distance away, enjoy the plethora of trendy restaurants at Grand Central Market. Don't miss out on an opportunity to live among the arts on Bunker Hill in Downtown Los Angeles!

Last Agent to Rent the Property

Paul Comilang

Habitus Real Estate License #01527059 Listed on: 07/31/2024

Last Renter's Agent

Paul Comilang

Habitus Real Estate License #01527059 Listed on: 07/31/2024

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,855

Year Built

  • Built in 1980

Lot Details

  • 1.54

Home Design

  • Contemporary Architecture
  • Entry on the 6th floor

Interior Spaces

  • 942 Sq Ft Home
  • 1-Story Property
  • Living Room
  • City Lights Views

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Home Security

Parking

  • 1 Parking Space
  • Gated Parking
  • Controlled Entrance

Pool

  • In Ground Pool
  • Fence Around Pool

Additional Features

  • Balcony
  • East Facing Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $2,800
  • Tenant pays for electricity, move in fee, move out fee, cable TV
  • 12 Month Lease Term
  • Assessor Parcel Number 5151-002-170

Community Details

Overview

  • Low-Rise Condominium

Amenities

  • Sundeck
  • Laundry Facilities
  • Elevator

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Resident Manager or Management On Site
  • Card or Code Access
  • Fire and Smoke Detector
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Est. Annual Taxes

$6,855

Year Built

Built in 1980

Lot Details

0

Rental Info

  • Credit Report Paid By: Tenant
  • Credit Report Required: Yes
  • Security Deposit: 2800
  • Tenant Pays: Electricity, Move In Fee, Move Out Fee, Cable TV

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Single Family Or Apt: Condo/Apt
  • Levels: One
  • Street Number Display: Yes
  • Advertising Remarks: Fabulous corner penthouse unit has two balconies with fantastic views of Downtown Los Angeles and the San Gabriel mountains. Centrally located on Bunker Hill, a short distance away is the Walt Disney Concert Hall, The Museum of Contemporary Art (MOCA), the Broad Musuem, the Dorothy Chandlier Pavillion and the Ahmanson Theatre. One can also enjoy fine dining at the nearby restaurants or a short distance away, enjoy the plethora of trendy restaurants at Grand Central Market. Don't miss out on an opportunity to live among the arts on Bunker Hill in Downtown Los Angeles!
  • Entry Floor: 6
  • Lease Terms: 1-Year
  • Living Area: 942
  • Lot Acreage: 1.5429
  • Stories: 1
  • Unit Floor In Building: 6
  • Year Built: 1980
  • Number Of Photos: 30
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Carpet, Laminate, Mixed
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Dishwasher, Freezer, Microwave, Refrigerator, Range/Oven, Garbage Disposal
  • Price Per S Q F T: 2.97

Exterior Features

  • Direction Faces: East
  • Other Features: Balcony
  • Pool Description: Association Pool, Fenced
  • Pool: Yes
  • View: City, City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Assigned, Community Garage, Controlled Entrance
  • Total Parking: 1

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Card/Code Access, Fire Sprinklers, Resident Manager, Smoke Detector

Association/Amenities

  • Amenities: Fitness Center, Assoc Pet Rules, Pool, Sun Deck, Gated Parking, Elevator, Controlled Access
  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 5151-002-170
  • Lot Size Area: 67210

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2023
Closed on
Nov 21, 2022
Sold by
Paul Nabeel Mogannam Revocable Living Tr
Bought by
Mogannam Elchaki Family Revocable Trust and Mogannam
Seller's Agent
Paul Comilang
Habitus Real Estate
Buyer's Agent
Paul Comilang
Habitus Real Estate
Sold Price
$2,900
Views
2
Current Estimated Value
$622,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$619,713

Purchase Details

Listed on
Jun 28, 2018
Closed on
Jul 16, 2018
Sold by
Mogannam Paul Nabeel
Bought by
Mogannam Paul Nabeel and Paul Nabeel Mogannam Revocable
Seller's Agent
Paul Comilang
Habitus Real Estate
Buyer's Agent
Paul Comilang
Habitus Real Estate
Sold Price
$2,500

Purchase Details

Closed on
May 10, 2018
Sold by
Mogannam Paul Nabeel and Paul Nabeel Mogannam Revocable
Bought by
Mogannam Paul Nabeel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2013
Sold by
Mogannam Paul Nabeel
Bought by
The Paul Nabeel Mogannam Revocable Livin

Purchase Details

Listed on
Mar 25, 2013
Closed on
Jul 18, 2013
Sold by
Kim Won Sun
Bought by
Mogannam Paul Nabeel
Seller's Agent
Henry Han
HBAR
Buyer's Agent
Rasmus Ray Lee
Premier Real Estate Broker, Inc.
List Price
$450,000
Sold Price
$460,000
Premium/Discount to List
$10,000
2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.52%
Original Mortgage
$322,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 8, 2008
Sold by
Bank Of America Na
Bought by
Kim Won Sun

Purchase Details

Closed on
Apr 9, 2008
Sold by
Harwood John and Harwood Gabrielle
Bought by
Bank Of America Na

Purchase Details

Closed on
Sep 7, 2005
Sold by
Fujii Steven
Bought by
Harwood John and Harwood Gabrielle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mogannam Elchaki Family Revocable Trust -- None Listed On Document
Mogannam Paul Nabeel -- Accommodation
Mogannam Paul Nabeel -- Ticor Title Company Of Calif
The Paul Nabeel Mogannam Revocable Livin -- None Available
Mogannam Paul Nabeel $460,000 First American Title Company
Kim Won Sun $405,000 First American Title Company
Bank Of America Na $366,750 Accommodation
Harwood John $625,000 Financial Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mogannam Paul Nabeel $322,000
Previous Owner Mogannam Paul Nabeel $322,000
Previous Owner Kim Won Sun $200,000
Previous Owner Fujii Steven $100,000
Previous Owner Harwood John $480,000
Previous Owner Fujii Steven $175,000
Previous Owner Fujii Steven $168,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2024 08/21/24 Rented $2,800 0.0% --
07/31/2024 07/31/24 For Rent $2,800 -3.4% --
01/19/2023 01/19/23 Rented $2,900 0.0% --
01/03/2023 01/03/23 For Rent $2,900 +16.0% --
11/19/2021 11/19/21 Rented $2,500 0.0% --
11/17/2021 11/17/21 For Rent $2,500 0.0% --
07/13/2018 07/13/18 Rented $2,500 0.0% --
06/28/2018 06/28/18 For Rent $2,500 +4.2% --
02/19/2016 02/19/16 Rented $2,400 0.0% --
01/15/2016 01/15/16 For Rent $2,400 +20.0% --
12/24/2013 12/24/13 Rented $2,000 -20.0% --
12/24/2013 12/24/13 Under Contract -- -- --
10/29/2013 10/29/13 For Rent $2,500 0.0% --
07/24/2013 07/24/13 Sold $460,000 +2.2% $488 / Sq Ft
07/03/2013 07/03/13 Pending -- -- --
06/20/2013 06/20/13 For Sale $450,000 0.0% $478 / Sq Ft
06/04/2013 06/04/13 Pending -- -- --
03/25/2013 03/25/13 For Sale $450,000 -- $478 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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
2025 $6,855 $563,886 $343,727 $220,159
2024 $6,855 $552,831 $336,988 $215,843
2023 $6,722 $541,992 $330,381 $211,611
2022 $6,409 $531,365 $323,903 $207,462
2021 $6,324 $520,947 $317,552 $203,395
2019 $6,134 $505,497 $308,134 $197,363
2018 $6,124 $495,587 $302,093 $193,494
2016 $5,856 $476,344 $290,363 $185,981
2015 $5,767 $469,190 $286,002 $183,188
2014 $5,791 $460,000 $280,400 $179,600
Source: Public Records

Agents Affiliated with this Home

  • P

    Landlord's Agent in 2024

    Paul Comilang

    Habitus Real Estate

    (213) 326-4152

    2 in this area

    3 Total Sales

    Paul Comilang
    Section Image
  • Rasmus Ray Lee

    Seller's Agent in 2013

    Rasmus Ray Lee

    Premier Real Estate Broker, Inc.

    (213) 995-5055

    22 in this area

    29 Total Sales

    Rasmus Ray Lee
    Section Image
  • Henry Han

    Seller's Agent in 2013

    Henry Han

    HBAR

    (213) 785-4989

    5 Total Sales

    Henry Han
    Section Image

  • T

    Buyer's Agent in 2013

    Thuymy Ho

    Premier Real Estate Broker, Inc.

    Section Image
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About The Promenade Residences

Map

Source: The MLS

MLS Number: 24-421795

The MLS

APN: 5151-002-170

California Los Angeles County Los Angeles 90012 Downtown LA

121 S Hope St Unit 611, Los Angeles, CA

This home is located at 121 S Hope St Unit 611, Los Angeles, CA 90012 since 31 July 2024 and is currently priced at $622,613. This property was built in 1980. 121 S Hope St Unit 611 is a home located in Los Angeles County with nearby schools including Castelar Elementary School, Sal Castro Middle School, and Ramón C. Cortines School of Visual and Performing Arts.

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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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