Los Angeles County  »  90015  »  S Hope St  »  1060 S Hope St

The Desmond - 1060 South Hope Street, Los Angeles, CA 90015 - Property report

Also known as: 425 W 11th St

Property image for The Desmond - 1060 South Hope Street, Los Angeles, CA 90015
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Property type

Office Building - One Story (1700)

Year built

1916

Acreage

0.362

Sale price

$63,200,000

General Information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
1060 S Hope St
Los Angeles, CA 90015
Alternate address(es)
425 W 11th St
Zip code
90015
Neighborhood
Downtown Los Angeles
County
Los Angeles
Municipality
Los Angeles

Owner

Find out who owns The Desmond - 1060 South Hope Street, Los Angeles, CA 90015. Uncover corporate and individual owners with a free account.

Building
Property type
Office Building - One Story
Building sq. ft.
88,395
Buildings on lot
1
Year built
1916
Last altered
1978
Sales
Sale date
11/21/2018
Sale price
$63,200,000
Arm's length
Tax
Tax year
2026-2027
Property tax
$870,946
Zoning & use
Zoning
Lot
Acreage
0.362

Area overview

Walk score
93 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
83 /100.  Very Bikeable
School district
Los Angeles Unified School District
Weed hazard
No

View more such as transportation, nearby schools and risk designations. For more property insights, including its Energy Star score, Existing Buildings Energy and Water Efficiency Program (EBEWE) status, plus additional energy and water usage data, .

Ownership

Ownership information for The Desmond - 1060 South Hope Street, Los Angeles, CA

Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for The Desmond - 1060 South Hope Street, Los Angeles, CA 90015

Sale date Sale price Buyer name Seller name
11/21/2018 $63,200,000 XXXXXXX XXXXXXXX XXXXX XXX XXX XXXXXXX XXX
12/09/2015 $48,500,000 XXX XXXXXXX XXX XXXXXXX XXXXXXX XX
03/22/2013 $16,250,000 XXXXXXX XXXXXXX XX XXXXX XXXXX XXX XXXX XXXX XXXXXX XXX

*Most recent sales on record for this property.

More about Los Angeles County property records.

Title documents

Date Type Amount Party 1 Party 2
11/21/2018 Agreement XXX XXXXXXX XXX XXXXXXX XXXXXXXX XXXXX XXX
11/21/2018 Grant Deed
(Sale for consideration - full DTT - Single parcel sale)		 XXX XXXXXXX XXX XXXXXXX XXXXXXXX XXXXX XXX
12/15/2015 Release XXXXXXX XXXXXXX XX
12/09/2015 Grant Deed
(Sale for consideration - full DTT - 2 parcels in multiple sale)		 XXXXXXX XXXXXXX XX XXX XXXXXXX XXX
12/09/2015 Release XXXXXXX XXXXXXX XX
07/10/2014 Agreement XXXXXXX XXXXXXX XXX XXXX XXX
03/22/2013 Grant Deed
(Sale for consideration - full DTT - 2 parcels in multiple sale)		 XXXXX XXXXX XXX XXXX XXXX XXXXXX XXX XXXXXXX XXXXXXX XX
03/22/2013 Reconveyance
Substitution Trustee		 XXXXXXX XXXXXX XXX XXXXXXX XXXXXX XXX
09/01/2011 Deed
(Legal entity control - Single parcel sale)		 XXXX XXX XXXXX XXXXXXXXXX XXX
02/15/2011 Reconveyance
Substitution Trustee		 XXXXXXXXX XXXXXXXXX XXXXX X XXX XXXXXXXXX XXXXXXXXX XXXXX X XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for The Desmond - 1060 South Hope Street, Los Angeles, CA

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2026-2027
Base tax
$870,946
Current property tax
$890,525
Recent tax assessments
Market value
$73,349,032
Land value
$11,837,974
Building value
$61,511,058

More about Los Angeles County Property Taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Assessed value Tax rate Property tax Y-o-Y change
2025-2026 $71,910,816 1.1874 $853,869 +0.95%
2024-2025 $70,500,801 1.1997 $845,798 +2.03%
2023-2024 $69,118,434 1.1994 $829,006 +4.97%
2022-2023 $67,763,171 1.1655 $789,780 +1.16%
2021-2022 $66,434,482 1.1752 $780,738 -1.06%
2020-2021 $65,753,280 1.200129 $789,124 +59.91%
2019-2020 $42,023,836 1.174279 $493,477 +0.14%
2018-2019 $41,199,840 1.196 $492,769 +2.26%
2017-2018 $40,392,000 1.193 $481,887 +232.21%
2016-2017 $12,170,758 1.1918 $145,057 +1.51%

Special assessments & penalties for The Desmond - 1060 South Hope Street, Los Angeles, CA

Code Description Tax levied
03694 La County Regional Park And Open Space District
18852 Los Angeles City Street Light Maintenance Land
03071 Los Angeles County Flood Control
00170 Los Angeles County Trauma/Emerg Srvs
18850 Los Angeles Landscape & Lighting Dist #96-1
18887 Los Angeles-South Park Business Improvement Dist
18869 Los Angeles-Stormwater Pollution Abatement
00177 Safe Clean Water Program Funding Measure W
06111 West Vector Mosquito
Permits

Permit information for The Desmond - 1060 South Hope Street, Los Angeles, CA

Issued date Permit number Permit type Sub type Valuation Expire date Status
05/05/2026
04/25/2025
04/24/2025
04/23/2025
04/11/2025

*Most recent permits on record for this property.

More about Los Angeles County property records

Neighborhood

Los Angeles residential market stats

Access a detailed real estate market overview of Los Angeles so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Los Angeles and compare it to other neighborhoods in Los Angeles.

Median sale price

$995,000

-3.7% Y-o-Y

Median price/sq. ft.

$650

-3.8% Y-o-Y

Los Angeles county median sale price

$870,000

-0.6% Y-o-Y

Check out recently sold homes in Los Angeles and see how their prices compare.

Demographics by ZIP code

Total population
24,704
Median age
32.9
Average household income
$106,533
Family households
32.0%
People per household (average)
1.82
Occupied housing units
13,366
Owner-occupied units
11.4%
Median year structure built
2004
Median value mortgaged units
$1,005,700
Median value unmortgaged units
$596,400

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

FEMA flood zones
X
Landslides and liquefaction map

Fire hazard zones

Faults and tsunami inundation zones map
Crime incidents map

Transportation

Daily traffic map
View daily traffic map

Access the detailed traffic volume map for The Desmond - 1060 South Hope Street, Los Angeles, CA 90015 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

Neighbors for The Desmond - 1060 South Hope Street, Los Angeles, CA

1040 S Hope St, Los Angeles 1040 S Grand Ave, Los Angeles 1023 S Grand Ave, Los Angeles 1031 S Grand Ave, Los Angeles 504 W Olympic Blvd, Los Angeles 1057 S Olive St, Los Angeles 1041 S Olive St, Los Angeles 1035 S Grand Ave, Los Angeles 1030 S Hope St, Los Angeles 919 S Grand Ave, Los Angeles 1036 S Grand Ave, Los Angeles 1045 S Grand Ave, Los Angeles 1029 S Grand Ave, Los Angeles 1043 S Grand Ave, Los Angeles 950 S Grand Ave, Los Angeles 1015 S Grand Ave, Los Angeles 1036 S Hope St, Los Angeles 1028 S Hope St, Los Angeles 1051 S Grand Ave, Los Angeles 501 W Olympic Blvd, Los Angeles

Nearby ZIP codes for The Desmond - 1060 South Hope Street, Los Angeles, CA

90005, Los Angeles County, CA 90006, Los Angeles County, CA 90007, Los Angeles County, CA 90010, Los Angeles County, CA 90011, Los Angeles County, CA 90013, Los Angeles County, CA 90014, Los Angeles County, CA 90018, Los Angeles County, CA 90020, Los Angeles County, CA 90021, Los Angeles County, CA 90026, Los Angeles County, CA 90037, Los Angeles County, CA 90057, Los Angeles County, CA 90062, Los Angeles County, CA 90071, Los Angeles County, CA 90079, Los Angeles County, CA 90089, Los Angeles County, CA

Frequently asked questions

What is the year built for The Desmond - 1060 South Hope Street, Los Angeles, CA 90015?

The development at The Desmond - 1060 South Hope Street, Los Angeles, CA 90015 was built in 1916.

What is the market value of The Desmond - 1060 South Hope Street, Los Angeles, CA 90015?

The current market value of The Desmond - 1060 South Hope Street, Los Angeles, CA 90015 is $73,349,032.

What is the total square footage of The Desmond - 1060 South Hope Street, Los Angeles, CA 90015?

The Desmond - 1060 South Hope Street, Los Angeles, CA 90015 has a total of 88,395 square feet.

What is the price per square foot for this property?

$714 per square foot is the price for The Desmond - 1060 South Hope Street, Los Angeles, CA 90015.

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