RealKey
‪(213) 433-7766‬

877 Francisco Street 1506, Los Angeles, California 90017, Los Angeles, 90017 - 2 bed, 2 bath

877 Francisco Street 1506, Los Angeles, California 90017 home-pic-0
ACTIVE$1,099,000
877 Francisco Street 1506, Los Angeles, California 90017
2Beds
2Baths
1,311Sqft
128,959Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Premier DTLA Location & Modern Construction: Located in the heart of Downtown LA within the highly regarded Metropolis Tower 2, a modern building constructed in 2017, offering contemporary urban living.
Top Cons:
Substantial Monthly Association Fees: The high monthly association fee of $1,416 significantly adds to the overall cost of ownership, which could be a deterrent for some buyers.

Compared to the nearby listings

Price:$1.10M vs avg $550.0K (+$549,000)93%
Size:1,311 sqft vs avg 852 sqft86%
Price/sqft:$838 vs avg $62290%

More Insights

Built in 2017 (8 years old).
Condition: This property, built in 2017, is only 7 years old, falling well within the 'built within 10 years' criteria for an excellent rating. The listing description and images confirm a 'Modern Luxury' aesthetic with high-end finishes throughout. The kitchen features top-tier Miele appliances, sleek flat-panel cabinetry, a large center island, and modern countertops, all appearing virtually new. The bathrooms are equally impressive, described as 'spa-like' with dual vanities and a soaking tub, and the images show contemporary tiling and fixtures. Hardwood floors are consistent throughout the living areas and bedrooms, and recessed lighting provides a modern ambiance. There is no visible deferred maintenance or physical depreciation, indicating a property that meets current quality standards and is move-in ready without any immediate renovation needs.
Year Built
2017
Close
-
List price
$1.1M
Original List price
$1.18M
Price/Sqft
$838
HOA
$1,416
Days on market
-
Sold On
-
MLS number
P1-24356
Home ConditionExcellent
Features
Excellent View: City Lights, Panoramic
ViewCity Lights,Panoramic

About this home

Modern Luxury in the Heart of DTLA. Experience elevated city living in one of Downtown LA's most celebrated high-rises -- Metropolis Tower 2. This corner residence spans 1,311 sq. ft. and features 2 bedrooms, 2 bathrooms, and wraparound views of the city skyline -- framed by floor-to-ceiling windows and enhanced by custom motorized shades for comfort and privacy.Inside, a thoughtful open-concept layout blends warm wood floors with modern finishes, creating a space that feels both refined and relaxed. The chef's kitchen is anchored by a large center island -- ideal for entertaining -- and equipped with top-tier Miele appliances. The primary suite offers a spa-like retreat with dual vanities, soaking tub, and custom closets designed for everyday organization.Life at Metropolis Tower 2 extends far beyond your front door. The amenity deck is one of the most impressive in Los Angeles -- a full city block dedicated to recreation and relaxation. Picture yourself at the resort-style pool, in a private cabana, or entertaining in the glass-enclosed dining pavilion. There's even a resident dog park for four-legged friends. Indoors, enjoy a screening room, billiards lounge, expansive gym with yoga studio, and a SkyLounge on the 21st floor -- a perfect sunset vantage point over the LA skyline.A 24-hour concierge, secured parking, and pet-friendly policies complete the luxury experience. Priced competitively per square foot, this residence offers exceptional value in one of DTLA's premier full-service buildings.Metropolis Tower 2 -- where luxury meets lifestyle.

Price History

Date
Event
Price
05/13/22
Sold
$1,285,000
Condition Rating
Excellent
This property, built in 2017, is only 7 years old, falling well within the 'built within 10 years' criteria for an excellent rating. The listing description and images confirm a 'Modern Luxury' aesthetic with high-end finishes throughout. The kitchen features top-tier Miele appliances, sleek flat-panel cabinetry, a large center island, and modern countertops, all appearing virtually new. The bathrooms are equally impressive, described as 'spa-like' with dual vanities and a soaking tub, and the images show contemporary tiling and fixtures. Hardwood floors are consistent throughout the living areas and bedrooms, and recessed lighting provides a modern ambiance. There is no visible deferred maintenance or physical depreciation, indicating a property that meets current quality standards and is move-in ready without any immediate renovation needs.
Pros & Cons

Pros

Premier DTLA Location & Modern Construction: Located in the heart of Downtown LA within the highly regarded Metropolis Tower 2, a modern building constructed in 2017, offering contemporary urban living.
Extensive Luxury Amenities: Features one of LA's most impressive amenity decks, including a resort-style pool, private cabanas, dining pavilion, dog park, screening room, gym, yoga studio, and a 21st-floor SkyLounge.
Panoramic City Views & High-End Finishes: Boasts wraparound city skyline views through floor-to-ceiling windows with motorized shades, complemented by warm wood floors, modern finishes, a chef's kitchen with Miele appliances, and a spa-like primary suite.
Corner Unit with Optimal Layout: A desirable corner residence spanning 1,311 sq. ft. with an open-concept 2-bed, 2-bath layout, maximizing natural light and views.
Full-Service & Pet-Friendly Building: Offers 24-hour concierge, secured parking, and a pet-friendly environment with a dedicated dog park, enhancing convenience and lifestyle.

Cons

Substantial Monthly Association Fees: The high monthly association fee of $1,416 significantly adds to the overall cost of ownership, which could be a deterrent for some buyers.
Recent Price Reduction: The property has undergone a price reduction from its original listing, which might suggest a longer time on market or initial overpricing, potentially impacting buyer perception.
Urban Environment Specificity: While central, the DTLA location caters to a specific urban lifestyle, which may not appeal to buyers seeking more traditional residential settings, larger private outdoor spaces, or a quieter environment.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state