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877 Francisco Street #1715, Los Angeles, California 90017, Los Angeles, 90017 - bed, 1 bath

877 Francisco Street home-pic-0
ACTIVE$480,000$629/sqft
877 Francisco Street #1715, Los Angeles, California 90017
0Bed
1Bath
629Sqft
128,959Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Downtown LA Location: Situated in the heart of Downtown Los Angeles, steps from major attractions like LA Live and Crypto.com Arena, offering unparalleled access to dining, entertainment, and cultural hubs.
Top Cons:
High Monthly Association Fee: The $710 monthly association fee is substantial for a studio unit, adding a significant ongoing cost to homeownership.

Compared to the nearby listings

Price:$480.0K vs avg $520.0K ($-40,000)46%
Size:629 sqft vs avg 848.5 sqft14%
Price/sqft:$763 vs avg $60875%

More Insights

Built in 2017 (9 years old).
Condition: Built in 2017, this property is practically new construction. The images confirm modern, high-end finishes throughout, including a contemporary kitchen with integrated appliances and a 'spa-inspired' bathroom with sleek tiling and fixtures. All components appear new or virtually new, with no signs of wear or deferred maintenance, aligning perfectly with 'Excellent' condition criteria.
Year Built
2017
Close
-
List price
$480K
Original List price
$560K
Price/Sqft
$763
HOA
$710
Days on market
-
Sold On
-
MLS number
25579693
Home ConditionExcellent
Features
Excellent View: City Lights, Landmark
Deck
Pool
Spa
Patio
ViewCity Lights,Landmark

About this home

Welcome to Metropolis Tower II Residence #1715, a beautifully designed studio in the heart of Downtown Los Angeles. This 629 sq. ft. home is the largest studio floor plan in the building, featuring an open layout with floor-to-ceiling windows and a private balcony to enjoy sweeping city views. The kitchen and living area flow seamlessly together, creating a bright and versatile space that's perfect for both relaxing and entertaining. Clean modern finishes, generous storage, and a spa-inspired bath give the home a refined yet comfortable feel, while the private balcony extends your living space outdoors. As a resident of Metropolis, you'll enjoy resort-style amenities: 24-hour attended lobby, sky park with pool and cabanas, state-of-the-art fitness center, business center, screening room, and dog park. Secure parking and concierge services make city living effortless. Located just steps from LA Live, Crypto.com Arena, world-class dining, shopping, and entertainment, Residence #1715 sits at the center of DTLA's ongoing transformation. With the city preparing to welcome major global events and continued investment in the area, this home offers not just comfort and style today, but an address with unmatched long-term appeal in one of Los Angeles's most dynamic neighborhoods.

I
Ivan Furman
Listing Agent

Price History

Date
Event
Price
01/27/23
Sold
$680,000
Condition Rating
Excellent
Built in 2017, this property is practically new construction. The images confirm modern, high-end finishes throughout, including a contemporary kitchen with integrated appliances and a 'spa-inspired' bathroom with sleek tiling and fixtures. All components appear new or virtually new, with no signs of wear or deferred maintenance, aligning perfectly with 'Excellent' condition criteria.
Pros & Cons

Pros

Prime Downtown LA Location: Situated in the heart of Downtown Los Angeles, steps from major attractions like LA Live and Crypto.com Arena, offering unparalleled access to dining, entertainment, and cultural hubs.
Extensive Resort-Style Amenities: Residents benefit from a wide array of luxury amenities including a 24-hour attended lobby, sky park with pool, fitness center, business center, screening room, dog park, secure parking, and concierge services.
Modern Construction and Design: Built in 2017, the unit features a beautifully designed open layout with floor-to-ceiling windows, clean modern finishes, generous storage, and a spa-inspired bath, providing a contemporary living experience.
Panoramic City Views and Private Balcony: The property boasts sweeping city and landmark views from floor-to-ceiling windows and a private balcony, extending the living space outdoors and enhancing its appeal.
Spacious Studio Floor Plan: At 629 sq. ft., this is the largest studio floor plan in the building, offering more generous living space and versatility compared to typical studio units.

Cons

High Monthly Association Fee: The $710 monthly association fee is substantial for a studio unit, adding a significant ongoing cost to homeownership.
Significant Price Reductions and Value Discrepancy: Multiple price drops from the original list price of $560,000 to $480,000, coupled with a previous sale price of $680,000 in 2023, indicate potential market challenges or a motivated seller, raising questions about current market value.
Studio Unit Limitations: Despite being the largest studio, the single-room configuration may limit the buyer pool, as it does not offer separate bedroom spaces, which can be a drawback for some prospective buyers.
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