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877 Francisco Street 1921, Los Angeles, California 90017, Los Angeles, 90017 - bed, 1 bath

877 Francisco Street 1921, Los Angeles, California 90017 home-pic-0
ACTIVE$480,000
877 Francisco Street 1921, Los Angeles, California 90017
0Bed
1Bath
508Sqft
128,959Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime DTLA Location & Walkability: Situated in a luxury building in Downtown Los Angeles, the unit offers excellent walkability to numerous restaurants, shops, and entertainment, with the added benefit of no freeway noise.
Top Cons:
Studio Configuration & Limited Space: As a 508 sqft studio, the unit offers limited living space, which may not appeal to buyers seeking more distinct living areas or room for expansion.

Compared to the nearby listings

Price:$480.0K vs avg $530.0K ($-50,000)41%
Size:508 sqft vs avg 827 sqft10%
Price/sqft:$945 vs avg $62297%

More Insights

Built in 2017 (8 years old).
Condition: Built in 2017, this property is relatively new and features high-end, modern finishes throughout. The description highlights a seamless, modern kitchen with Caesarstone countertops, custom wood cabinetry, and Miele & Bosch appliances. The bathroom, as seen in the images, is also contemporary and in pristine condition. Six-inch-wide oak flooring, Nest Learning Thermostats, and built-in power window shades further underscore the property's excellent, move-in ready condition with no deferred maintenance.
Year Built
2017
Close
-
List price
$480K
Original List price
$480K
Price/Sqft
$945
HOA
$597.68
Days on market
-
Sold On
-
MLS number
SR24242154
Home ConditionExcellent
Features
Excellent View: City Lights
ViewCity Lights

About this home

Luxury studio in DTLA. The unit is on the 19th floor facing East and you'll enjoy the sunrise and has Downtown LA Views. The apartment features a spacious and stunning balcony. No freeway noise, walking distance to many restaurants and shops. Bedroom and lounging areas are distinguish from the seamless, modern kitchen and dining area. Curated, contemporary details include Caesarstone kitchen countertops, custom wood cabinetry, Miele & Bosch appliances, six-inch-wide oak flooring, Nest Learning Thermostats, and built-in power window shades. Washer-dryer inside unit. Residents enjoy an array of private 5-star amenities, including 24/7 lobby attendant and concierge. The ninth floor has a residence clubhouse, resort-style heated pool, jacuzzi, outdoor dining pavilions, fitness and yoga studio, sky garden, billiard, game and screening rooms, and dog park. Metropolis features three residential towers, the boutique Hotel Indigo and expansive retail spaces in the heart of DTLA. Wonderful and interesting place to live and work.

Price History

Date
Event
Price
01/12/22
Sold
$570,000
Condition Rating
Excellent
Built in 2017, this property is relatively new and features high-end, modern finishes throughout. The description highlights a seamless, modern kitchen with Caesarstone countertops, custom wood cabinetry, and Miele & Bosch appliances. The bathroom, as seen in the images, is also contemporary and in pristine condition. Six-inch-wide oak flooring, Nest Learning Thermostats, and built-in power window shades further underscore the property's excellent, move-in ready condition with no deferred maintenance.
Pros & Cons

Pros

Prime DTLA Location & Walkability: Situated in a luxury building in Downtown Los Angeles, the unit offers excellent walkability to numerous restaurants, shops, and entertainment, with the added benefit of no freeway noise.
Extensive 5-Star Amenities: Residents benefit from a comprehensive suite of luxury amenities including a 24/7 lobby attendant, concierge, resort-style heated pool, jacuzzi, fitness and yoga studio, sky garden, and a dog park.
Modern Design & High-End Finishes: The unit features contemporary details such as Caesarstone countertops, custom wood cabinetry, Miele & Bosch appliances, oak flooring, Nest Learning Thermostats, and built-in power window shades.
Panoramic City Views & Balcony: Located on the 19th floor with an East-facing orientation, the unit provides stunning sunrise and Downtown LA views, complemented by a spacious and private balcony.
New Construction & In-Unit Conveniences: Built in 2017, the property is relatively new, offering modern infrastructure and the convenience of an in-unit washer-dryer.

Cons

Studio Configuration & Limited Space: As a 508 sqft studio, the unit offers limited living space, which may not appeal to buyers seeking more distinct living areas or room for expansion.
High Association Fees: The monthly association fee of $597.68 is substantial for a studio unit, adding a significant recurring cost to ownership.
Significant Price Depreciation: The current list price of $480,000 is considerably lower than its last recorded sale price of $570,000 in January 2022, indicating a notable depreciation in value.

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