NOT LISTED FOR SALE

701 W 7th St 655 S Hope St Unit 1007 Los Angeles, CA 90017

Downtown LA Neighborhood

Estimated Value: $508,000 - $651,046

2 Beds
2 Baths
1,012 Sq Ft
0.27 Acre Lot

Sale Details

Date Sold: March 3, 2023

Last sale price $595,000 $588 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $4,794 / mo

16 Days on Market

Highlights

  • Fitness Center
  • 1-minute walk to 7Th Street/Metro Center Station
  • City View
  • 24-Hour Security
  • Gated Community
  • Clubhouse

About This Home

As of March 2023

The best location, in the heart of Downtown LA, building is located directly above 7th Street Metro Stop. Floor to ceiling glass windows, high ceilings of 10.5 feet. 2 bedrooms and 2 full baths. This unit features high end enclosures from the Slidingdoor Company, for the best of both worlds, open loft and privacy in one. Large walk-in closet in master. In unit washer/dryer. Gas stove, granite counters, hardwood floors. Full service with 24hours doorman, large gym, activity room, and rooftop deck with BBQ and panoramic views. Unit comes with 1 parking space. Located on the corner of 7th and S Hope st, steps to Sugarfish, The Nomad, The Bloc Shopping complex, Bottega Louie, Whole Foods, etc.

Last Agent to Sell the Property

Toni Xiong

Exp Commercial of California, Inc. License #01462918 Listed on: 01/18/2023

Exp Commercial of California, Inc.

Last Buyer's Agent

Amir Shahbaz

First Team Real Estate License #02072738

First Team Real Estate

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1964

Lot Details

  • 0.27

HOA Fees

  • $1,002 Monthly HOA Fees

Home Design

  • Entry on the 10th floor

Interior Spaces

  • 1,012 Sq Ft Home
  • Built-In Features
  • Wood Flooring
  • City Views
  • Security Lights

Kitchen

  • Breakfast Bar
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Automatic Gate
  • Parking Garage Space
  • Controlled Entrance

Utilities

  • Air Conditioning
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 5144-006-068

Community Details

Overview

  • 80 Units

Amenities

  • Outdoor Cooking Area
  • Sundeck
  • Clubhouse
  • Meeting Room
  • Elevator

Recreation

  • Fitness Center

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Controlled Access
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System
  • Firewall

Property Details

Home Type

Condominium

Year Built

Built in 1964

Lot Details

0.27 Acres

HOA Fees

$1,002 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Street Number Display: Yes
  • Complex Name: 655 Hope
  • Entry Floor: 10
  • Living Area: 1012
  • Lot Acreage: 0.2680
  • Planned Urban Dev: 1
  • Year Built: 1964
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Wood
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Equipment: Built-Ins, Dishwasher, Dryer, Elevator, Freezer, Hood Fan, Microwave, Washer
  • Price Per S Q F T: 601.78

Exterior Features

  • Pool: No
  • View: City
  • View: Yes

Garage/Parking

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

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Security: 24 Hour, Automatic Gate, Carbon Monoxide Detector(s), Exterior Security Lights, Fire and Smoke Detection System, Fire Sprinklers, Firewall(s), Smoke Detector

Association/Amenities

  • Amenities: Clubhouse, Conference, Controlled Access, Elevator, Exercise Room, Fitness Center, Gated Community, Hot Water, Outdoor Cooking Area, Sun Deck
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 1002.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5144-006-068
  • Lot Size Area: 11674

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 80

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2023
Closed on
Feb 15, 2023
Sold by
Bought by
Seller's Agent
Toni Xiong
Exp Commercial of California, Inc.
Buyer's Agent
Amir Shahbaz
First Team Real Estate
List Price
$609,000
Sold Price
$595,000
Premium/Discount to List
-$14,000
-2.3%
Views
61
Current Estimated Value
$584,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,488
Avg. Annual Appreciation
-0.54%
Original Mortgage
$535,500
Outstanding Balance
$518,145
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$66,367

Purchase Details

Closed on
Feb 17, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
3.84%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$595,000 Consumers Title Company
$305,000 Fidelity National Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $535,500
Previous Owner $244,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/03/2023 03/03/23 Sold $595,000 -2.3% $588 / Sq Ft
02/03/2023 02/03/23 Pending -- -- --
01/18/2023 01/18/23 For Sale $609,000 0.0% $602 / Sq Ft
12/21/2021 12/21/21 Rented $2,790 0.0% --
12/07/2021 12/07/21 Price Changed $2,790 -2.1% $3 / Sq Ft
11/09/2021 11/09/21 For Rent $2,850 +3.6% --
03/12/2019 03/12/19 Rented $2,750 0.0% --
03/03/2019 03/03/19 Price Changed $2,750 -3.5% $3 / Sq Ft
02/26/2019 02/26/19 Price Changed $2,850 -1.7% $3 / Sq Ft
02/11/2019 02/11/19 Price Changed $2,899 -3.3% $3 / Sq Ft
01/22/2019 01/22/19 For Rent $2,999 -- --
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,604 $619,038 $187,272 $431,766
2024 $7,513 $606,900 $183,600 $423,300
2023 $4,562 $368,211 $120,723 $247,488
2022 $4,348 $360,992 $118,356 $242,636
2021 $4,285 $353,915 $116,036 $237,879
2019 $4,152 $343,420 $112,596 $230,824
2018 $4,145 $336,688 $110,389 $226,299
2016 $3,957 $323,615 $106,103 $217,512
2015 $3,893 $318,755 $104,510 $214,245
2014 $3,912 $312,512 $102,463 $210,049
Source: Public Records

Agents Affiliated with this Home

  • Toni Xiong

    Seller's Agent in 2023

    Toni Xiong

    Exp Commercial of California, Inc.

    (310) 997-0521

    4 in this area

    7 Total Sales

    Toni Xiong
    Section Image
  • Amir Shahbaz

    Buyer's Agent in 2023

    Amir Shahbaz

    First Team Real Estate

    (714) 357-7084

    1 in this area

    63 Total Sales

    Amir Shahbaz
    Section Image

  • T

    Buyer's Agent in 2019

    Troy Vathanadireg

    SKYLARK REALTY

    Section Image
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About 701 W 7th St

Map

Source: The MLS

MLS Number: 23-233009

The MLS

APN: 5144-006-068

California Los Angeles County Los Angeles 90017 Downtown LA

655 S Hope St Unit 1007, Los Angeles, CA

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Information is deemed reliable but not guaranteed.

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