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The Promenade Residences

The Promenade Residences

The Promenade Residences
Condominium Building
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

121 S Hope St
Los Angeles, CA 90012-5001
140 Units
5 Stories
1981 Year Built
$417K - $995K Value Range

Available Units

For Sale
For Rent

Highlights

  • Concierge
  • Water Views
  • Fitness Center
  • 24-Hour Security
  • On-Site Retail
  • 5 min walk to Grand Park

Modern Living in the Heart of Downtown LA

The Promenade Residences, a five-story condominium building, was completed in 1981 and is located in the prestigious Bunker Hill area of Downtown Los Angeles. With 140 units, this building offers a blend of modern convenience and urban living. Situated directly across from the Walt Disney Concert Hall and The Music Center, it provides residents with easy access to some of the city's most iconic cultural landmarks.

Diverse Layouts with Stunning Views

The Promenade Residences offer a variety of floor plans, ranging from one to three-bedroom units. One-bedroom units span from 793 to 1,394 square feet, with prices ranging from $449,000 to $640,000. These units often feature open floor plans, large eat-in islands, and chef-grade appliances, making them ideal for entertaining. Many one-bedroom units also include floor-to-ceiling glass sliders, providing stunning views of the city and mountains. Two-bedroom units range from 793 to 1,548 square feet, with prices between $600,000 and $888,000. These units typically offer spacious living areas, updated kitchens with stainless steel appliances, and large private balconies. The primary suites often include walk-in closets and beautifully remodeled bathrooms with dual vanities and soaking tubs. The largest units, three-bedroom layouts, are approximately 1,500 square feet and feature two bathrooms. These units provide ample space for families or those needing extra room for a home office or guest bedroom. All units in The Promenade Residences come with high-speed fiber internet, ensuring residents stay connected. Monthly HOA fees range from $1,000 to $1,200, covering water, sewer, and trash services.

Comprehensive Amenities for a Comfortable Lifestyle

The Promenade Residences offer a wide range of amenities designed to enhance the living experience. Unique features include a serene Japanese garden and an exclusive dog run, catering to pet owners with dogs under 25 lbs. The building also boasts lush picnic lawns and beautifully landscaped green gardens with serene waterfalls, providing a peaceful retreat within the urban environment. Residents have access to a fully equipped fitness center, a courtyard with a pool and spa, and multiple saunas. The mezzanine community room and chic mezzanine lounge offer additional spaces for relaxation and socializing. For those who need to work from home, the building provides complimentary high-speed 300 MBS internet service. Security and convenience are top priorities at The Promenade Residences. The building features 24-hour security, an attended main entrance, and on-site management. Residents also benefit from subterranean parking, guest parking, and private storage options. Additional business services include a concierge, dry cleaners, and laundry facilities on each floor.

Vibrant Urban Living in Downtown LA

Downtown Los Angeles, commonly known as DTLA, is one of the few areas in the city where residents can easily live without a car. The neighborhood is a cultural and financial hub, offering world-class restaurants, museums, and entertainment venues within walking distance. The Historic Core and the Arts District add a unique personality and community spirit to the area. Points of interest near The Promenade Residences include the Walt Disney Concert Hall, The Broad, and the Music Center, all just steps away. Grand Central Market, a historic food hall, offers a variety of dining options, while The Grand LA by Jose Andres features new restaurants from the world-renowned chef. For shopping, residents can visit FIGat7th and The Bloc, both offering a mix of retail stores and dining options. DTLA is also home to several parks, including Grand Park, which hosts music festivals and community events, and Spring Street Park, featuring a playground and picnic areas. The neighborhood's vibrant nightlife includes bars like the rooftop Upstairs Bar at the Ace Hotel and the dimly lit Seven Grand whisky bar. Educational institutions in the area include the Colburn School, an elite music conservatory, and the Ramon C. Cortines School of Visual and Performing Arts. Grocery options range from the upscale Whole Foods Market to the everyday Ralphs Fresh Fare.

Excellent Connectivity and Transportation Options

The Promenade Residences are well-connected to various transportation options, making commuting and exploring the city convenient. The nearby Bunker Hill Metro Station provides access to the Purple and Red Lines, while the Civic Center/Grand Park station is just a short walk away. The 7th Street/Metro Center Station offers connections to the Blue, Expo, Purple, and Red Lines, ensuring easy access to different parts of Los Angeles. Several bus stops are located within walking distance, including Hope St and 1st St W, which serves multiple express lines to various destinations. The Grand Ave & 1st St stop provides access to the Dash B and Metro Local Line, while the Grand Ave and 2nd St W stop connects to the 600 and Montclair-Pomona-El Monte-L.A. lines. For those who prefer to drive, the building is conveniently located near major freeways, including the 110, 5, 101, and 10, allowing for easy commutes within Los Angeles County. Union Station, a major transportation hub, is just a short drive away, offering connections to Metrolink lines and Amtrak services. The building also provides secure subterranean parking, guest parking, and storage options, ensuring residents have all the conveniences they need for urban living.

Available Condos

Building Details

Views

  • Water
  • City Lights
  • Woods
  • Views of a landmark
  • Mountain
  • Park or Greenbelt
  • Courtyard

Recreation

  • Fitness Center
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Community Pool
  • Community Spa

Outdoor Features

  • Outdoor Cooking Area
  • Sundeck
  • Community Barbecue Grill
  • Picnic Area

Amenities

  • Concierge
  • On-Site Retail
  • Sauna
  • Public Transportation
  • Clubhouse
  • Banquet Facilities
  • Meeting Room
  • Laundry Facilities
  • 24-Hour Security
  • Resident Manager or Management On Site
  • Card or Code Access

Parking

  • 1 Car Attached Garage
  • 1 - 2 Parking Garage Spaces Per Unit
  • Tandem Parking
  • Gated Parking
  • Guest Parking
  • Parking Lot
  • Controlled Entrance

Pet Policy

  • Call for details about the types of pets allowed
  • Pet Restriction
  • Pet Size Limit

Condo Association

  • $1,128 Monthly HOA Fees
  • Monthly HOA Fees Range from $1,062 - $1,235
  • Association fees include building and grounds, clubhouse, concierge, earthquake insurance, security, trash, water and sewer paid
  • The Promenade Association, Phone Number (213) 617-8121
  • Amber HOA

Building Design

  • Fire Sprinkler System
  • Low-Rise Condominium
  • Elevator
  • Lobby

Unit Features

  • Laundry Room
  • Balcony

Unit Information

Unit
321
423
Beds
1 Bed
2 Beds
Baths
1 Bath
2 Baths
Sq Ft
793
1,227
Price
$420,000
$605,000
Price / Sq Ft
$530 / Sq Ft
$493 / Sq Ft
List Date
01/27/2025
11/21/2024

Unit Size and Value Ranges

1 Bedroom Units
Sq Ft Range
793 - 1,394
Est. Values
$417,076 - $753,105
2 Bedroom Units
Sq Ft Range
992 - 1,548
Est. Values
$519,463 - $995,362
3 Bedroom Units
Sq Ft Range
1,519
Est. Values
$639,919
All Units
Sq Ft Range
793 - 1,548
Est. Values
$417,076 - $995,362

Map

Area Factors

High Crime

Crime Score®

10 / 10

Very Bikeable

Bike Score®

70 / 100

Walker's Paradise

Walk Score®

92 / 100

Rider's Paradise

Transit Score®

100 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Busy

Sound Score®

66 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$128K - $1.2M
Range of Taxes in Building
$1,730 - $19,024
Range of Taxes per Sq Ft
$1.67 - $23.99

Property Tax History

Source: Public Records

Building Website

Building Team

Property Management
The Promenade Residence
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.