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877 Francisco Street 1002, Los Angeles, California 90017, Los Angeles, 90017 - 1 bed, 1 bath

877 Francisco Street 1002, Los Angeles, California 90017 home-pic-0
ACTIVE$745,000
877 Francisco Street 1002, Los Angeles, California 90017
1Bed
1Bath
823Sqft
128,959Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Downtown LA Location: Situated in the heart of Los Angeles (C42 - Downtown L.A.), offering a convenient and vibrant urban living experience with easy access to city amenities.
Top Cons:
High Monthly HOA Dues: The association fee of $882.37 per month is substantial and represents a significant ongoing cost for potential buyers.

Compared to the nearby listings

Price:$745.0K vs avg $550.0K (+$195,000)83%
Size:823 sqft vs avg 827 sqft48%
Price/sqft:$905 vs avg $62297%

More Insights

Built in 2017 (8 years old).
Condition: Built in 2017, this property is only 7 years old, falling well within the 'Excellent' criteria for age. The description explicitly highlights 'sleek interior design and finish with Top-of-the-line appliances' in the kitchen and a 'modern bathroom,' indicating high-quality, contemporary features throughout. All components are virtually new, meeting current quality standards with no deferred maintenance.
Year Built
2017
Close
-
List price
$745K
Original List price
$790K
Price/Sqft
$905
HOA
$882.37
Days on market
-
Sold On
-
MLS number
AR24148343
Home ConditionExcellent
Features
Excellent View: City Lights
Deck
ViewCity Lights

About this home

Beautiful Corner unit with 2 walls of floor to ceiling windows. This luxury studio unit in Metropolis Residence 2 offers a convenient and stylish urban living experience. Located on the 10th floor with stunning view. Sleek interior design and finish with Top-of-the-line appliances. Modern open floor plan with floor to ceiling windows opening up to the spacious balcony for sunshine and fresh air. Modern bathroom has bathtub and plenty storage space. Metropolis is famous for its full service management and luxury resort-like amenities including 24-hour lobby security and concierge services, gym, Olympic-sized pool, spa, outdoor BBQ area, lounge, indoor playroom, outdoor playground and dog park area. Entertainment and Recreation include: billiards, yoga room, and a business center etc. One designated parking space is included, and there are plenty of EV charging stations as well as free guest parking in the garage. Utilities Included: Gas, water, and trash collecting. This luxury studio unit offers a dream come true for city living lifestyle, with its upscale features, convenient location, and a wide range of amenities. It's an ideal choice for those seeking a stylish and vibrant urban living experience in the heart of Los Angeles. Property will be delivered vacant.

Condition Rating
Excellent
Built in 2017, this property is only 7 years old, falling well within the 'Excellent' criteria for age. The description explicitly highlights 'sleek interior design and finish with Top-of-the-line appliances' in the kitchen and a 'modern bathroom,' indicating high-quality, contemporary features throughout. All components are virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Prime Downtown LA Location: Situated in the heart of Los Angeles (C42 - Downtown L.A.), offering a convenient and vibrant urban living experience with easy access to city amenities.
Modern Luxury Construction & Design: Built in 2017, this unit features sleek interior design, top-of-the-line appliances, a modern open floor plan, and floor-to-ceiling windows, reflecting contemporary luxury.
Extensive Resort-Style Amenities: Metropolis Residence 2 provides a wide array of luxury amenities including 24-hour security, concierge, gym, Olympic-sized pool, spa, BBQ area, lounge, indoor/outdoor play areas, dog park, billiards, yoga room, and a business center.
Stunning City Views & Abundant Natural Light: Located on the 10th floor, the corner unit boasts two walls of floor-to-ceiling windows, offering stunning city lights views and ample natural light, complemented by a spacious balcony.
Inclusive Utilities & Dedicated Parking: Utilities such as gas, water, and trash collection are included, along with one designated parking space, EV charging stations, and free guest parking, adding significant value and convenience.

Cons

High Monthly HOA Dues: The association fee of $882.37 per month is substantial and represents a significant ongoing cost for potential buyers.
Recent Price Reduction: The property's list price has been reduced from $790,000 to $745,000, which may suggest initial overpricing or a slower market, potentially raising buyer concerns.
Ambiguity in Unit Type: The description refers to the unit as a 'luxury studio unit' while the property data specifies 1 bedroom, which could create confusion for potential buyers regarding the actual layout and functionality.

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