877 Francisco Street 1123, Los Angeles, California 90017, Los Angeles, 90017 - bed, 1 bath

877 Francisco Street 1123, Los Angeles, California 90017 home-pic-0
ACTIVE$499,000
877 Francisco Street 1123, Los Angeles, California 90017
0Bed
1Bath
491Sqft
128,959Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Extensive Luxury Amenities: The Metropolis Tower offers a comprehensive suite of high-end amenities including concierge, 24-hour security, resort-style pool, sky park, dog park, fitness center, and business center, enhancing the luxury living experience.
Top Cons:
Compact Studio Layout: With only 491 sqft, the unit is a compact studio, which may limit living space and appeal to a narrower segment of buyers seeking more expansive or multi-room accommodations.

Compared to the nearby listings

Price:$499.0K vs avg $530.0K ($-31,000)41%
Size:491 sqft vs avg 827 sqft7%
Price/sqft:$1.0K vs avg $62297%

More Insights

Built in 2017 (8 years old).
Condition: Built in 2017, this property is practically new construction. The description and implied image content indicate high-end, modern finishes throughout, including white oak hardwood floors, sleek Caesarstone countertops, custom European cabinetry with under-cabinet LED lighting, and built-in stainless steel appliances in the kitchen. The bathroom features a custom-designed vanity and soaking tub. All components are new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' condition criteria.
Year Built
2017
Close
-
List price
$499K
Original List price
$540K
Price/Sqft
$1,016
HOA
$203.13
Days on market
-
Sold On
-
MLS number
WS24103001
Home ConditionExcellent
Features
Excellent View: City Lights
ViewCity Lights

About this home

This is your opportunity to reside in the luxurious Metropolis High Rise Condo Tower II. This studio unit with a large balcony is furnished and ready for you to move in anytime. Floor to ceiling windows brings in the impeccable LA skyline view. Kitchen equipped with white oak hardwood floors, sleek Caesarstone countertops, custom European Cabinetry with under cabinet LED lighting, and built in stainless steel appliances. Spacious bathroom with custom designed vanity and soaking tub for relaxation time. HOA provides an abundance of amenities: Concierge, 24 Hours Security, Resort Style Pool & Jacuzzi, sky park, dog park, lounge, screening room, fitness center, steam rooms, business center, and special access to Hotel Indigo's dining and lounge which is right next door. This special benefit at Hotel Indigo is also great for when you have guests, but are still able to enjoy your own home without the hassle of hosting and giving up your personal space. New restaurants will occupy the first floor for even more convenience. Prime location right off the 110 freeway and easy access to 10 and 101 freeway. Proximity to Crypto Center Arena and Financial District.

Price History

Date
Event
Price
02/18/22
Sold
$540,000
Condition Rating
Excellent

Built in 2017, this property is practically new construction. The description and implied image content indicate high-end, modern finishes throughout, including white oak hardwood floors, sleek Caesarstone countertops, custom European cabinetry with under-cabinet LED lighting, and built-in stainless steel appliances in the kitchen. The bathroom features a custom-designed vanity and soaking tub. All components are new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

Extensive Luxury Amenities: The Metropolis Tower offers a comprehensive suite of high-end amenities including concierge, 24-hour security, resort-style pool, sky park, dog park, fitness center, and business center, enhancing the luxury living experience.
Prime Downtown Los Angeles Location: Strategically located with immediate freeway access (110, 10, 101) and walking distance to the Crypto Center Arena and Financial District, offering unparalleled urban convenience and connectivity.
Modern & High-Quality Interior Finishes: Built in 2017, the unit features contemporary design with floor-to-ceiling windows, white oak hardwood floors, Caesarstone countertops, custom European cabinetry, and built-in stainless steel appliances.
Panoramic City Views & Natural Light: Floor-to-ceiling windows and a large balcony provide impeccable LA skyline views and abundant natural light, creating an open and vibrant living space.
Turnkey & Furnished: The unit is offered furnished and ready for immediate move-in, providing exceptional convenience for buyers, whether for personal use or as an investment property.

Cons

Compact Studio Layout: With only 491 sqft, the unit is a compact studio, which may limit living space and appeal to a narrower segment of buyers seeking more expansive or multi-room accommodations.
Recent Price Reduction: The current list price of $499,000 is a significant reduction from its previous sale price of $540,000, potentially signaling market adjustments or a perceived depreciation in value.
Ongoing Association Fees: While offering extensive amenities, the monthly association fee of $203.13 is an additional recurring cost that contributes to the overall ownership expenses and can be a consideration for budget-conscious buyers.

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