877 Francisco St #728, Los Angeles, California 90017, Los Angeles, 90017 - 1 bed, 2 bath
ACTIVE$798,000
877 Francisco St #728, Los Angeles, California 90017
1Bed
2Baths
972Sqft
128,959Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional City Views: This corner unit boasts 'amazing views' of Hotel Indigo and Metropolis Tower 1, specifically avoiding underdeveloped areas of DTLA, and is highlighted as having 'one of the best city views in the building' with prominent 'City Lights' views.
Top Cons:
High Association Fees: The monthly association fee of $706.46 is substantial and significantly adds to the overall cost of ownership, which could impact affordability for potential buyers.
Compared to the nearby listings
Price:$798.0K vs avg $550.0K (+$248,000)86%
Size:972 sqft vs avg 852 sqft69%
Price/sqft:$821 vs avg $62290%
More Insights
Built in 2017 (8 years old).
Condition: This property was built in 2017, making it only 7 years old, which falls well within the 'excellent' criteria for age. The images confirm a modern aesthetic throughout, featuring pristine hardwood floors, contemporary recessed lighting, and sleek, updated bathrooms. The bathrooms showcase modern floating vanities, wall-mounted toilets, and stylish tile work, indicating high-quality finishes and minimal physical depreciation. While the kitchen isn't explicitly shown, the overall newness and quality of the visible areas strongly suggest that all major components meet current quality standards and are virtually new.
Year Built
2017
Close
-
List price
$798K
Original List price
$830K
Price/Sqft
$821
HOA
$706.46
Days on market
-
Sold On
-
MLS number
WS25252962
Home ConditionExcellent
Features
Excellent View: City Lights
ViewCity Lights
About this home
Corner unit at the Metropolis Tower 2 with amazing views. While inside, you will able to see Hotel Indigo and Metropolis Tower 1, but not the underdeveloped area of DTLA, which makes it an unit with one of the best city views in the building.
Price History
Date
Event
Price
04/26/22
Sold
$830,000
Condition Rating
Excellent
This property was built in 2017, making it only 7 years old, which falls well within the 'excellent' criteria for age. The images confirm a modern aesthetic throughout, featuring pristine hardwood floors, contemporary recessed lighting, and sleek, updated bathrooms. The bathrooms showcase modern floating vanities, wall-mounted toilets, and stylish tile work, indicating high-quality finishes and minimal physical depreciation. While the kitchen isn't explicitly shown, the overall newness and quality of the visible areas strongly suggest that all major components meet current quality standards and are virtually new.
Pros & Cons
Pros
Exceptional City Views: This corner unit boasts 'amazing views' of Hotel Indigo and Metropolis Tower 1, specifically avoiding underdeveloped areas of DTLA, and is highlighted as having 'one of the best city views in the building' with prominent 'City Lights' views.
Modern Construction: Built in 2017, the property benefits from contemporary design, modern building standards, and newer amenities, reducing immediate maintenance concerns.
Prime DTLA Location: Situated in Metropolis Tower 2, a prominent and desirable building in the vibrant downtown Los Angeles area, offering access to urban conveniences and attractions.
Functional Bathroom Count: With 2 full bathrooms for a 1-bedroom unit, it provides excellent convenience for residents and guests, a notable advantage for a unit of this size.
Corner Unit Advantage: As a corner unit, it typically offers enhanced natural light, better ventilation, and potentially more privacy compared to interior units within the building.
Cons
High Association Fees: The monthly association fee of $706.46 is substantial and significantly adds to the overall cost of ownership, which could impact affordability for potential buyers.
Price History Concerns: The current list price of $798,000 is a reduction from the original list price of $830,000 and is also lower than its last recorded sale price of $830,000 in 2022, which may suggest market resistance or a need for a quicker sale.
Limited Bedroom Count: As a 1-bedroom unit, it caters to a more specific demographic, potentially limiting the pool of future buyers compared to units with more bedrooms, especially for those seeking additional space or a dedicated home office.