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

877 Francisco Street 1516

Los Angeles, California 90017

ACTIVE
CONDITION: EXCELLENT
1Beds
2Baths
975Sq Ft
128,959Lot Size

Property Price

LIST PRICE$775,000

SUMMARY

Analysis of 877 Francisco Street 1516, Los Angeles, California 90017 is currently available with a list price of $775,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This property was built in 2017, making it only 7 years old, which falls within the 'newly built or extensively renovated within 5 years' criteria for an 'Excellent' rating. The unit features 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 with a custom vanity and soaking tub. All elements, as seen in the images, are modern, high-end, and in pristine condition, showing no signs of wear or deferred maintenance. The overall quality, style, and features are top-tier and meet current luxury standards.

PROSSTRENGTHS & OPPORTUNITIES

  • Premier Downtown LA Location

    Strategically located in DTLA with excellent freeway access (110, 101, 5), surrounded by premier dining and entertainment, and direct access to Hotel Indigo and Metropole Restaurant.

  • Luxurious & Comprehensive Amenities

    Residents benefit from over 1.7 acres of exclusive amenities including a resort-style pool, state-of-the-art fitness center, clubhouse, business centers, dog park, playground, and 24-hour security.

  • Contemporary Design & Premium Finishes

    Built in 2017, the unit boasts floor-to-ceiling windows, 7.5-inch oak plank flooring, Nest-controlled central A/C & heating, a chef's kitchen with Miele appliances and Caesarstone, and a spa-inspired bathroom.

CONSRISKS & DEFICIENCIES

  • Substantial Monthly Association Fees

    The $834.0 monthly association fee is high and will significantly impact the total cost of ownership, requiring careful budget consideration.

  • Uncertain Parking Situation

    Parking is described as 'additional parking available on a month-to-month basis,' suggesting it's not included or guaranteed, potentially incurring extra costs and inconvenience in a dense urban area.

  • Recent Price Reduction

    The current list price of $775,000 is notably lower than its last sale price of $860,000 in 2021, which may signal a challenging market for this specific property or a motivated seller.

About 877 Francisco Street 1516

Welcome to Unit #1516 - RARE BALCONY UNIT, 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.

Property Details

Public Facts

Property Type
Condominium
Year Built
2017
Lot Size
128,959 Sq. Ft.

Interior

Total Bedrooms
1
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$834.0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds1.01.0
50%
Baths2.01.0
59%
Square foot975837
77%
Lot Size128,95985,131
64%
Price$775.0K$500.0K
86%
Price per sq ft$795$620
86%
Built year20172012
50%
HOA$834.0$831
55%
Days on market51271
9%

Pricing History

Listed for Sale

Jan 14, 2026

$775,000

Initial Listing

Sold

Oct 15, 2021

$860,000

Public Record

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