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1359 S Hope St, Los Angeles, CA 90015
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1359 S Hope St Los Angeles, CA 90015

$3,999,999
  • -- Beds
  • -- Baths
  • 6,900 Sq.Ft.
For Sale
$3,999,999 Get Pre-Qualified
Map preview of 1359 S Hope St, Los Angeles, CA 90015

Property Overview: 1359 S Hope St Los Angeles, CA has -- bedrooms, -- bathrooms, 6,900 living square feet and 9,294 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Welcome to 1359 Hope St, an exceptional investment opportunity located in the vibrant heart of Los Angeles. This industrial Live/Work building offers a 6% capitalization rate, making it a valuable addition to any real estate portfolio.Situated just a stone's throw from the renowned Crypto Arena, this property provides unparalleled convenience and access to a lively, forward-thinking community. The surrounding neighborhood thrives with energy, drawing a diverse blend of residents, entrepreneurs, and innovators. Currently home to a successful Jean Manufacturing Business, the building's unique R5 zoning allows for a versatile range of uses. Office space has been converted into a Residential Unit. 2 bedroom, 3 bathrooms. Completely gated, rear entry gates for loading/unloading. Whether you're looking to establish a creative workspace, an artist's studio, a tech startup, or a cutting-edge retail space, this property is designed to fit your vision.This property offers tremendous possibilities for growth and success!

Listed by Carlos Villegas | BRE #01775788 | eXp Realty of California Inc
Last checked: 8 minutes ago | Last updated: September 9th, 2024 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
9,294
HOA Dues
$0/mo
Year built
1927
Garage
--
Property Type:
Other
Status
Active
MLS#
24435943
City
Los Angeles
County
Los Angeles
Time on Site
10 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1359 S Hope St

Interior Features
Interior Features
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Firewall(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
Property Information
  • Parcel Number: 5134012020
Location / Neighborhood
Location Information
  • Directions: Waze.com
View more facts & features

Local Los Angeles Agent

Sale History for 1359 S Hope St

Last sold on October 28th, 2014

  • September, 2024

  • Sep 8, 2024

    Date

    Active

    CRMLS: 24435943

    $3,999,999

    Price

  • April, 2024

  • Apr 12, 2024

    Date

    Expired

    CRMLS: DW23191007

    $4,900,000

    Price

  • Oct 12, 2023

    Date

    Active

    CRMLS: DW23191007

    $4,900,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 1359 Hope St - an exceptional investment opportunity in the vibrant heart of Los Angeles. This industrial Live/Work building presents a remarkable 6% capitalization rate, making it a solid addition to your portfolio. Property Highlights: • Address: 1359 Hope St, Los Angeles • Cap Rate: 6% • Bedrooms: 2 • Bathrooms: 3 Not too far from the renowned Crypto Arena, this property offers unparalleled convenience and access to the pulse of modern innovation. The surrounding area is alive with energy, attracting a dynamic mix of residents, entrepreneurs, and forward-thinkers. Currently housing a successful Jean Manufacturing Business, this building is uniquely zoned R5, providing a diverse array of permitted uses. Whether you envision a creative workspace, an artist's studio, a tech hub, or a trendsetting retail establishment, this property is poised to accommodate your vision. Key Features: • Spacious 2-bedroom, 3-bathroom layout • Prime industrial Live/Work space • Proximity to Crypto Arena - an emerging epicenter of technology and innovation • R5 zoning for a wide spectrum of potential uses Unlock the potential of 1359 Hope St and seize the opportunity to capitalize on the thriving ecosystem of Los Angeles. This property encapsulates the essence of urban living, blending innovation and versatility in an unbeatable location.

  • October, 2014

  • Oct 28, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2005

  • Aug 1, 2005

    Date

    Sold (Public Records)

    Public Records

    $1,500,000

    Price

Show More

Tax History for 1359 S Hope St

Assessed Value (2020): $3,406,709
Year Land Value Improved Value Assessed Value
2020 $2,967,134 $439,575 $3,406,709

Home Value Compared to the Market

This property vs the competition

1359 S Hope St is listed 233.33% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $579.71 per/sqft which puts the price per square foot 24.52% lower than the median price per square foot for the city of Los Angeles.

About 1359 S Hope St

Detailed summary of property

1359 S Hope St is a other located in Los Angeles, CA 90015 and is currently for sale. This property offers -- bedrooms, -- bathrooms, roughly 6,900 living square feet, and sits on an approximately 9,294 square foot lot. 1359 S Hope St was first listed on ArdentRealEstateGroup.com on September 9, 2024. The homeowner is currently asking $3,999,999. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 233.33% higher than the median priced home. Local competing homes currently for sale include 5151 Santa Monica Blvd, 731 W 80th and 4279 Crenshaw Blvd. While the average home in Los Angeles, CA is selling in 106 days, 1359 S Hope St has a days on market of 10 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1359 S Hope St Los Angeles, CA 90015 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1359 S Hope St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
6,900
Lot Size
9,291
Stories
1
Type
Warehouse (Industrial)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
5134-012-020

The source for these homes facts are from public records.

90015 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$745,000
Median List Price/Sq.Ft.
$704
Median Sold Price
$460,000
Median Sold Price/Sq.Ft.
$519
Total Inventory
94
Median Sale to List Price %
102.22%
Avg Days on Market
57
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (25%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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