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877 Francisco Street 1516, Los Angeles, California 90017, Los Angeles, 90017 - 1 bed, 2 bath

877 Francisco Street 1516, Los Angeles, California 90017 home-pic-0
ACTIVE$775,000$975/sqft
877 Francisco Street 1516, Los Angeles, California 90017
1Bed
2Baths
975Sqft
128,959Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Extensive Luxury Amenities: Residents enjoy over 1.7 acres of exclusive amenities, including a resort-style pool, state-of-the-art fitness center, clubhouse, dog park, and 24-hour lobby security, enhancing the luxury lifestyle.
Top Cons:
High Monthly HOA Dues: The association fee of $834 per month is considerably high, which will significantly impact the overall monthly carrying costs for potential buyers.

Compared to the nearby listings

Price:$775.0K vs avg $525.0K (+$250,000)86%
Size:975 sqft vs avg 851 sqft71%
Price/sqft:$795 vs avg $60886%

More Insights

Built in 2017 (9 years old).
Condition: This property was built in 2017, making it only 7 years old, which falls within the 'newly built or extensively renovated within 10 years' criteria for an excellent rating. The kitchen features premium Miele appliances and Caesarstone countertops, while the bathroom is spa-inspired with a custom vanity and soaking tub. The unit boasts 7.5-inch oak plank flooring, Nest-controlled central A/C and heating, and floor-to-ceiling windows. All components appear virtually new and meet current high-quality standards, with no visible deferred maintenance or physical depreciation in the provided images.
Year Built
2017
Close
-
List price
$775K
Original List price
$775K
Price/Sqft
$795
HOA
$834
Days on market
-
Sold On
-
MLS number
26637247
Home ConditionExcellent
Features
Excellent View: City Lights
Deck
Pool
Spa
Patio
ViewCity Lights

About this home

Welcome to Unit #1516, a rare residence at Metropolis Tower 2 featuring a private balcony, perfect for enjoying a breathtaking combination of city skyline views, lush greenery amenities, and stunning sunsets. This beautifully designed 1-bedroom, 1-bathroom home offers refined urban living in one of Downtown Los Angeles' premier high-rise communities.Floor-to-ceiling windows with custom shades fill the home with natural light, complemented by 7.5-inch oak plank flooring and Nest-controlled central A/C and heating. The chef-style kitchen is appointed with Caesarstone countertops and premium Miele appliances, including an in-unit washer and dryer. The spa-inspired bathroom features a custom vanity and a soaking tub with stone surround.Residents enjoy over 1.7 acres of exclusive amenities, including a resort-style pool and hot tub, state-of-the-art fitness center with yoga and cycling rooms, clubhouse, billiards and game rooms, business and conference centers, dog park, and playground. 24-hour lobby security and direct access to Hotel Indigo and Metropole Restaurant enhance the luxury lifestyle.Ideally located with easy access to the 110, 101, and 5 freeways, and surrounded by DTLA's premier dining and entertainment. Additional parking available on a month-to-month basis.A truly special opportunity to own a balcony unit in Metropolis Tower 2 schedule a private showing today.

A
A. Jessica Shin
Listing Agent

Price History

Date
Event
Price
10/15/21
Sold
$860,000
Condition Rating
Excellent
This property was built in 2017, making it only 7 years old, which falls within the 'newly built or extensively renovated within 10 years' criteria for an excellent rating. The kitchen features premium Miele appliances and Caesarstone countertops, while the bathroom is spa-inspired with a custom vanity and soaking tub. The unit boasts 7.5-inch oak plank flooring, Nest-controlled central A/C and heating, and floor-to-ceiling windows. All components appear virtually new and meet current high-quality standards, with no visible deferred maintenance or physical depreciation in the provided images.
Pros & Cons

Pros

Extensive Luxury Amenities: Residents enjoy over 1.7 acres of exclusive amenities, including a resort-style pool, state-of-the-art fitness center, clubhouse, dog park, and 24-hour lobby security, enhancing the luxury lifestyle.
High-End Interior Finishes: The unit boasts floor-to-ceiling windows, 7.5-inch oak plank flooring, Nest-controlled central A/C and heating, a chef-style kitchen with Caesarstone countertops and premium Miele appliances, and a spa-inspired bathroom.
Prime Downtown Location: Ideally located in a premier DTLA high-rise, offering excellent access to major freeways (110, 101, 5) and surrounded by the city's top dining and entertainment options.
Private Balcony with Views: A rare private balcony provides breathtaking city skyline views, lush greenery from amenities, and stunning sunsets, adding significant appeal and outdoor living space.
Modern Construction & Design: Built in 2017, the property is part of a contemporary Metropolis Tower 2, ensuring modern design, refined urban living, and up-to-date building systems.

Cons

High Monthly HOA Dues: The association fee of $834 per month is considerably high, which will significantly impact the overall monthly carrying costs for potential buyers.
Non-Guaranteed Parking: Additional parking is only available on a month-to-month basis, indicating it is not included with the unit and may incur extra, variable costs or potential availability challenges.
Price Reduction from Previous Sale: The current list price of $775,000 is a notable decrease from its previous sale price of $860,000 in 2021, which may raise questions about market value stability or previous overvaluation.
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