
Los Angeles, California 90017
This Luxury High-Rise Residence is a Strong Value Opportunity, listed at $689,000—positioned well below the $702,754 Fair Market Value by 2%. This valuation gap offers $13,754 in Instant Equity for the buyer. The property is in Mint Condition, featuring a Rare Private Balcony, Nest Smart-Home Technology, and Warrantied Appliances. Located in the heart of South Park, it offers a premium lifestyle near LA Live. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking modern, turnkey luxury.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 877 Francisco Street 1716 Subject | $689,000* List Price | 1 | 2 | 975 | $721 | - |
A 889 Francisco Street 2611 Sold | $550,000 | 1 | 2 | 890 | $618 | 0.0 mi |
B 1100 Wilshire Boulevard 2911 Sold | $758,000 | 2 | 1 | 1,140 | $665 | 0.3 mi |
C 877 Francisco Street 2002 Sold | $730,000 | 1 | 2 | 823 | $887 | - |
D 877 Francisco Street 2707 Sold | $750,000 | 1 | 1 | 870 | $862 | - |
E 801 S Grand Avenue 1306 Sold | $638,000 | 2 | 2 | 1,200 | $532 | 0.2 mi |
F 877 Francisco Street 1116 Active | $779,000 List Price | 1 | 2 | 1,000 | $779 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2017, this property is under 10 years old and in mint condition. It features modern contemporary finishes, Nest smart-home technology, and appliances under warranty, requiring no maintenance.
Unlike many Downtown Los Angeles high-rises, this residence features a private balcony, providing highly coveted outdoor space with panoramic skyline and sunset views.
Priced at $689,000, the property represents a significant value opportunity, listed well below its 2022 sale price of $865,000 for a luxury 2017-built unit.
The home is equipped with Nest smart-home technology and contemporary finishes, complemented by the rare benefit of appliances still covered under warranty.
The association fee of $855.79 per month is relatively high for a one-bedroom unit, which may impact the overall affordability and debt-to-income ratio for some buyers.
The substantial discrepancy between the current list price and the previous sale price suggests a recent decline in equity, which may concern investors looking for short-term appreciation.
Welcome to Residence #1716 at Metropolis Tower, an exceptionally priced luxury residence offering incredible value in the heart of Downtown Los Angeles. One of the home's standout features is its private balcony rare and highly desirable feature among DTLA high-rise residences providing your own outdoor space to enjoy morning coffee, sunset views, and the energy of the Downtown LA skyline. Inside, expansive floor-to-ceiling windows fill the residence with natural light and showcase sweeping city views throughout the thoughtfully designed open-concept layout. Sleek contemporary finishes and Nest smart-home technology create a modern, elevated living experience designed for both comfort and convenience. Adding even more value, all appliances within the residence are covered under warranty, offering the next owner additional convenience and peace of mind. Residents of Metropolis Tower enjoy an impressive collection of resort-style amenities, including a pool, fitness center, resident lounges, and beautifully landscaped outdoor spaces. Ideally located in South Park DTLA, the residence is moments from LA Live, Crypto.com Arena, acclaimed dining, shopping, entertainment, and major business hubs. With its rare private balcony, protected appliances, exceptional pricing, and premier Downtown Los Angeles location, Residence #1716 presents a compelling opportunity to experience luxury high-rise living at an outstanding value.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 975 | 1,219.385 |
| Lot Size | 128,959 | 27,236.074 |
| Price | $689.0K | $800.2K |
| Price per sq ft | $707 | $650 |
| Built year | 2017 | 1979 |
| HOA | $855.79 | $685 |
| Days on market | 21 | 72 |
Aug 19, 2026
$689,000
Initial Listing
Jan 12, 2022
$865,000
Public Record