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

877 Francisco Street 1516
Los Angeles, California 90017
Property Price
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
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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 2.0 | 1.0 | 59% |
| Square foot | 975 | 837 | 77% |
| Lot Size | 128,959 | 85,131 | 64% |
| Price | $775.0K | $500.0K | 86% |
| Price per sq ft | $795 | $620 | 86% |
| Built year | 2017 | 2012 | 50% |
| HOA | $834.0 | $831 | 55% |
| Days on market | 51 | 271 | 9% |
Pricing History
Listed for Sale
Jan 14, 2026
$775,000
Initial Listing
Sold
Oct 15, 2021
$860,000
Public Record




















































