877 Francisco Street 1112, Los Angeles, California 90017, Los Angeles, 90017 - 1 bed, 2 bath
ACTIVE$710,000
877 Francisco Street 1112, Los Angeles, California 90017
1Bed
2Baths
909Sqft
128,959Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Downtown Los Angeles Location: Situated in the 'heart of DTLA at Metropolis,' this property offers unparalleled convenience and access to urban attractions, dining, and entertainment.
Top Cons:
High Monthly Association Fee: The association fee of $931.86 per month is substantial and represents a significant ongoing cost that impacts overall affordability.
Compared to the nearby listings
Price:$710.0K vs avg $550.0K (+$160,000)79%
Size:909 sqft vs avg 852 sqft59%
Price/sqft:$781 vs avg $62279%
More Insights
Built in 2017 (8 years old).
Condition: Built in 2017, this property is only 7 years old and presents as virtually new. The kitchen features modern white cabinetry, stainless steel appliances, and sleek stone countertops. Bathrooms are equally contemporary with modern vanities, tiled showers, and up-to-date fixtures. Hardwood flooring in living areas and clean carpeting in the bedroom, along with recessed lighting throughout, indicate a high standard of quality and minimal physical depreciation, aligning perfectly with 'Excellent' condition criteria.
Year Built
2017
Close
-
List price
$710K
Original List price
$710K
Price/Sqft
$781
HOA
$931.86
Days on market
-
Sold On
-
MLS number
24442829
Home ConditionExcellent
Features
Excellent View: City Lights
Deck
Pool
Spa
ViewCity Lights
About this home
Embrace convenience and elegance in the heart of DTLA at Metropolis! This prime location offers not only stunning city views but also a wealth of amenities, including a fully-equipped gym, a lively game room, a tranquil skypark, a refreshing pool, a relaxing hot tub, grills for your outdoor pleasure, and the reassurance of 24-hour security. This upscale residence seamlessly blends comfort, style, and luxury to provide you with the best-priced unit in the building.
Price History
Date
Event
Price
03/31/21
Sold
$730,000
Condition Rating
Excellent
Built in 2017, this property is only 7 years old and presents as virtually new. The kitchen features modern white cabinetry, stainless steel appliances, and sleek stone countertops. Bathrooms are equally contemporary with modern vanities, tiled showers, and up-to-date fixtures. Hardwood flooring in living areas and clean carpeting in the bedroom, along with recessed lighting throughout, indicate a high standard of quality and minimal physical depreciation, aligning perfectly with 'Excellent' condition criteria.
Pros & Cons
Pros
Prime Downtown Los Angeles Location: Situated in the 'heart of DTLA at Metropolis,' this property offers unparalleled convenience and access to urban attractions, dining, and entertainment.
Extensive Luxury Amenities: Residents benefit from a wealth of amenities including a fully-equipped gym, game room, tranquil skypark, refreshing pool, hot tub, grills, and 24-hour security.
Modern Construction: Built in 2017, the property is relatively new, featuring contemporary design and infrastructure, which typically means fewer immediate maintenance concerns.
Stunning City Views: The unit boasts 'stunning city views' and 'City Lights' views, a highly desirable feature that enhances the living experience and property value.
Competitive Pricing: Advertised as the 'best-priced unit in the building,' indicating a strong value proposition compared to other units within the Metropolis complex.
Cons
High Monthly Association Fee: The association fee of $931.86 per month is substantial and represents a significant ongoing cost that impacts overall affordability.
Limited Living Space: As a 1-bedroom unit with 909 sqft, it caters to a specific demographic (singles or couples) and may not appeal to buyers requiring more space or additional bedrooms.
Price History Concern: The current list price of $710,000 is lower than the previous sale price of $730,000, which might raise questions for potential buyers regarding market value or appreciation.