877 Francisco Street 1506, Los Angeles, California 90015, Los Angeles, 90015 - 2 bed, 2 bath
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Los Angeles, California 90015
This Luxury Turnkey Residence is listed at $1,049,000, representing a premium lifestyle offering consistent with its Excellent Condition Rating. While the list price sits above the $956,787 Fair Market Value, the property provides over $40,000 in immediate value through seller concessions and high-end upgrades like custom California Closets and Wi-Fi power blinds. The corner unit features a chef’s kitchen with Miele appliances and panoramic city views. With resort-style amenities including an Olympic-size pool, this is an elite choice for high-end professionals and Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 877 Francisco Street 1506 Subject | $1,049,000* List Price | 2 | 2 | 1,311 | $730 | - |
A 901 S Flower Street 401 Sold | $775,000 | 2 | 2 | 1,360 | $570 | 0.2 mi |
B 1100 S Hope Street 1501 Sold | $1,225,000 | 2 | 3 | 1,580 | $775 | 0.5 mi |
C 900 W Olympic Boulevard 39g Active Under Contract | $1,099,000 List Price | 1 | 2 | 1,300 | $845 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2017, this property falls within the 10-year window for an excellent rating. The residence features high-end Miele appliances, premium wood flooring, and over $20,000 in recent upgrades including custom California Closets and Wi-Fi-connected power blinds. The kitchen and bathrooms reflect modern luxury standards with no signs of wear or deferred maintenance.
Unlike developer units, this residence includes over $20,000 in custom California Closets and Wi-Fi-connected power blinds, plus $20,000 in seller concessions, offering immediate move-in readiness and significant cost savings.
Metropolis Tower II provides a premier urban resort lifestyle with an Olympic-size pool, a 21st-floor SkyLounge, a private movie theater, and 24-hour concierge services.
The open-concept corner layout features floor-to-ceiling windows with expansive city views, elegant wood flooring, and a high-end chef's kitchen fully equipped with Miele appliances.
The monthly association fee of $1,416 is substantial, which may impact the overall affordability and debt-to-income ratio for prospective buyers.
The property's current list price is significantly lower than its 2022 sale price of $1,285,000, reflecting a notable depreciation in value over a short period.
Priced below comparable developer units, with $20,000 in seller concessions toward closing costs or rate buydown, plus over $20,000 in completed upgrades already included. No blinds to order. No closets to install. No surprises.Welcome to luxury living at Metropolis Tower II in the heart of Downtown Los Angeles. This exceptional 2-bedroom, 2-bath corner residence at 877 Francisco Street, Unit 1506 offers 1,311 square feet of refined modern living with sweeping city views and thoughtful upgrades throughout.Developer units in this building require buyers to install closets and window treatments out of pocket, adding cost and weeks of delay before move-in. Residence 1506 is already done: Custom California Closets throughout, Wi-Fi connected automatic power blinds for privacy and convenience, Premium finishes and thoughtful upgrades throughout.Move in without the wait, the contractors, or the extra expense.The open-concept floor plan features elegant wood flooring and floor-to-ceiling windows showcasing expansive city views. The chef's kitchen is equipped with top-of-the-line Miele appliances, and Miele continues throughout the home, along with a generous center island ideal for entertaining.The spacious primary suite offers a spa-inspired bathroom with dual vanities and custom California Closets designed for maximum organization and storage.Residents of Metropolis Tower II enjoy access to one of the most impressive amenity collections in Los Angeles. The expansive outdoor amenity deck includes an Olympic-size pool, private cabanas, a glass-enclosed dining pavilion, outdoor kitchens, and a resident dog park, creating a true urban resort environment. Interior amenities include a private movie screening room, billiards lounge, state-of-the-art fitness center with yoga studio, and the stunning SkyLounge on the 21st floor offering panoramic city views.The building also offers 24-hour concierge service, secure access, and private parking, delivering a full-service luxury living experience in one of Downtown LA's premier towers.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 56% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,311 | 1,121.5 | 61% |
| Lot Size | - | 41,217 | 8% |
| Price | $1.05M | $621.0K | 72% |
| Price per sq ft | $800 | $616 | 81% |
| Built year | 2017 | 2007 | 86% |
| HOA | $1416.0 | $965 | 83% |
| Days on market | 104 | 214 | 14% |
Mar 14, 2026
$1,049,000
$1,099,000
-5% Price Drop
Initial Listing
Jan 8, 2026
$1,099,000
Initial Listing
May 13, 2022
$1,285,000
Public Record