
Los Angeles, California 90017
This Turnkey Luxury Condominium represents a Strong Value Opportunity, listed at $999,000—positioned well below the $967,239 Fair Market Value by -3%. Featuring an Excellent Condition Rating, this residence includes premium upgrades like custom California Closets and automated power shades, eliminating the typical developer-unit move-in delays. Residents enjoy an elite urban resort lifestyle with an Olympic-size pool and 21st-floor SkyLounge. This property is an ideal acquisition for Owner-Occupants seeking a sophisticated, stress-free lifestyle or Buy-and-Hold Investors prioritizing high-end, move-in ready assets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 877 Francisco Street 1506 Subject | $999,000* List Price | 2 | 2 | 1,311 | $738 | - |
A 877 Francisco Street 4106 Sold | $1,150,000 | 2 | 2 | 1,310 | $878 | 0.0 mi |
B 889 Francisco Street 806 Sold | $949,500 | 2 | 3 | 1,400 | $678 | 0.0 mi |
C 1100 Wilshire Boulevard 2911 Sold | $758,000 | 2 | 1 | 1,140 | $665 | 0.3 mi |
D 877 Francisco Street 2002 Sold | $730,000 | 1 | 2 | 823 | $887 | - |
E 877 Francisco Street 2707 Sold | $750,000 | 1 | 1 | 870 | $862 | - |
F 877 Francisco Street 1116 Active | $779,000 List Price | 1 | 2 | 1,000 | $779 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2017, this property is less than 10 years old and in mint condition. It features a modern chef's kitchen with high-end Miele appliances, spa-inspired bathrooms, and premium upgrades including custom California Closets and automated power shades, requiring no maintenance or immediate updates.
Unlike standard developer units, this residence includes custom California Closets and Wi-Fi-connected power shades, saving the buyer significant out-of-pocket costs and move-in delays.
The property offers an elite urban resort lifestyle with access to an Olympic-size pool, a 21st-floor SkyLounge, a state-of-the-art fitness center, and 24-hour concierge services.
As a corner unit, the home features floor-to-ceiling windows that maximize natural light and offer expansive city views, complemented by high-end Miele appliances and wood flooring.
The monthly association fee of $1,416 is substantial, which may deter budget-conscious buyers and impacts the overall monthly cost of ownership.
The current list price of $999,000 is significantly lower than the previous sale price of $1,285,000, indicating a notable decline in value that may concern investors regarding future appreciation.
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 including closet build-outs and power shades. 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 |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,311 | 1,219.385 |
| Lot Size | - | 27,236.074 |
| Price | $999.0K | $800.2K |
| Price per sq ft | $762 | $650 |
| Built year | 2017 | 1979 |
| HOA | $1416.0 | $685 |
| Days on market | 34 | 72 |
Aug 6, 2026
$999,000
Initial Listing
May 13, 2022
$1,285,000
Public Record