Zumper
modified
11 Hours Ago

Highlights

  • Pet Friendly
  • Custom lighting
  • Lots of closet space
  • New flooring
  • Full kitchen with appliances

Location

1516 S Hope St, Los Angeles, CA 90015, USA|Downtown Los Angeles
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Contact

Management

Hoffman Brothers Realty

Leasing office

(323) 455-4761

Property Overview

1516 Hope Property features impressive amenities, including custom lighting and new flooring, complemented by a high Zumper Expert Rating of 7.9 out of 10, indicating a strong rental option. Its competitive pricing and exceptional location garner ratings of 8 and 9, respectively, highlighting excellent value and accessibility to schools and services. Additionally, the property offers environmental sustainability and a vibrant social scene, appealing to diverse lifestyles while demonstrating transparency and trustworthiness in its management.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

7.9
Very Good
1516 Hope Property is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.

Things you’ll love

  • High school nearby
  • Less expensive
  • Images Available

Great for

  • Eco living
  • Pet owners
  • Social life

Floor plans

1516 S Hope St Los Angeles, CA 90015Studio1 bath$1,160 /mo1 unit available

Let's explore this property.

Amenities for 1516 Hope Property

Apartment Amenities

High CeilingsKitchen Recently Updated
Modern Bath FixtureOpen Floor Plan
Pets NegotiableRecently Rehabbed
Recently RenovatedSoaking Tub

Appliances

RefrigeratorStove/Oven

Building

Cats OKControlled Access
Dogs OKLaundry Shared
Onsite Laundry

Grounds

Assigned Parking

Neighborhood

90+ Walk Score
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Dog policy

Allowed 

Cat policy

Allowed 

Contact for more information on pet policy.

Parking

Assigned ParkingContact for Price
Building details

Property details

Units1
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About 1516 Hope Property

HomeApartments in Los AngelesDowntown Los Angeles 1516 Hope Property

SCHEDULE A SHOWING ONLINE AT: showmojo. com lz 9233e8d0eb ---- **Charming STUDIO Apartment Home in Downtown LA** Newly Remodeled Apartment Home with full kitchen. Unit Features: Full Kitchen with Appliances New Flooring Custom lighting Lots Of Natural Lights Beautiful & Vintage Vibe Bathroom Lots of closet Space! Please ask us about our animal policy! PLEASE NOTE: $1160 LIST PRICE IS BASED OFF OF $1295 DUE MONTHLY WITH 5 WEEKS RENT FREE ON A 12 MONTH LEASE (OAC). DEPOSIT $1295 “Please note: Photos may not be of exact apartment home available*Square footage, when listed or from inquiry, is approximate*Pricing is subject to change without notice*Pricing can vary between similar apartments for many reasons*Features may vary between similar apartments*Renter to verify all information, including availability*Rental Policy may change without notice*Price breaks are extended to all Applicants, no matter what may have been previously advertised*We adhere to all Fair Housing guidelines and all housing laws*”


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
7.9
/10
Very Good
1516 Hope Property is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
How we rated 1516 Hope Property
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, 1516 Hope Property is a great option for renters looking for apartments in Downtown Los Angeles. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
1516 Hope Property goes above and beyond to provide sought-after conveniences and desirable perks, including 90+ walk score. Renters looking for popular or luxurious features will find them here—and for that reason, 1516 Hope Property receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
1516 Hope Property is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 1516 Hope Property does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
1516 Hope Property provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

1516 Hope Property is great for:

Eco living

  • Public transit available nearby
  • You can get around by foot in this area
  • 76 parks within a mile

Pet owners

  • 19 pet supply stores near the property
  • 1 dog park within 1 mile
  • 1 pet grooming service nearby

Social life

  • Areas nearby are accessible by walking
  • 527 restaurants within 1 mile of this property
  • The area has transit options
  • 1999 mixed-use spaces nearby

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 1516 Hope Property compares to other nearby properties.

Positives

High school nearby
There is a high school 0.2 mile away
Less expensive
Studio units are cheaper than other similar listings nearby
Images Available
There are at least 10 photos of this address
Laundry available on site
Washers and dryers are available in-building or in-unit
Pet friendly
This property allows pets

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 1 mile away

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Rent trends in Downtown Los Angeles

studio apartments at 1516 Hope Property cost about 42% less than the average rent price for studio apartments in Downtown Los Angeles.

Median rents as of Sep 13 2025.
Downtown Los Angeles
Los Angeles
A table of studio rental data trends in Los Angeles
MonthMedian Rent
September 2023$1,840
October 2023$1,817
November 2023$1,796
December 2023$1,777
January 2024$1,785
February 2024$1,695
March 2024$1,712
April 2024$1,718
May 2024$1,750
June 2024$1,778
July 2024$1,816
August 2024$1,848
September 2024$1,848
October 2024$1,801
November 2024$1,814
December 2024$1,845
January 2025$1,848
February 2025$1,815
March 2025$1,810
April 2025$1,756
May 2025$1,745
June 2025$1,750
July 2025$1,750
August 2025$1,736
September 2025$1,700
A table of studio rental data trends in Downtown Los Angeles
MonthMedian Rent
September 2023$2,146
October 2023$2,126
November 2023$2,121
December 2023$2,103
January 2024$2,107
February 2024$2,156
March 2024$2,119
April 2024$2,123
May 2024$2,119
June 2024$2,145
July 2024$2,165
August 2024$2,160
September 2024$2,138
October 2024$2,145
November 2024$2,125
December 2024$2,148
January 2025$2,172
February 2025$2,099
March 2025$2,075
April 2025$2,000
May 2025$2,043
June 2025$2,067
July 2025$2,052
August 2025$1,987
September 2025$1,989

Affordability calculator

Can I afford to live at 1516 S Hope St?

Bedrooms

Studio

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$46,400/yr

With your selected rent-to-income ratio, you'd ideally want to make $46,400 annually to afford this studio monthly rent price of $1,160.
For more information on rent affordability, visit our rent calculator.

Schools near 1516 Hope Property

Ninth Street Elementary School

835 stanford ave

los angeles, CA, 90021

K-5Public
C

Sophia T. Salvin Special Education Center

1925 budlong ave

los angeles, CA, 90007

K-10Public

City of Angels

221 s eman ave

los angeles, CA, 90063

K-12Public
B

Marlton

4000 santo tomas dr

los angeles, CA, 90008

K-12Public

Charles Leroy Lowman Special Ed & Career Transition Center

12827 saticoy st

north hollywood, CA, 91605

K-12Public
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Internet available near 1516 Hope Property

Getting around Los Angeles near 1516 S Hope St

Walking

8/10
No car? No problem. Everything you need is within a few blocks.

Driving

8/10
This area is close to freeways and has adequate parking options.

Cycling

6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 1516 S Hope St, Los Angeles

Groceries

7/10
At least one supermarket within a 15-minute walk

Shopping

10/10
Exceptional variety of shops within a few minutes’ walk

Cafes

8/10
Wide variety of cafés within a few minutes’ walk

Restaurants

9/10
Exceptional variety of restaurants within a few minutes’ walk

Primary schools

6/10
At least one elementary school within a 15-minute walk

High schools

9/10
At least one high school within a 10-minute walk

Parks

6/10
Large amount of park space nearby

Nightlife

7/10
Several bars within a few minutes’ walk

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