877 Francisco Street 625, Los Angeles, California 90017, Los Angeles, 90017 - bed, 1 bath

877 Francisco Street 625, Los Angeles, California 90017 home-pic-0
ACTIVE$550,000
877 Francisco Street 625, Los Angeles, California 90017
0Bed
1Bath
545Sqft
128,959Lot
Year Built
2017
Close
-
List price
$550K
Original List price
$550K
Price/Sqft
$1,009
HOA
$504.34
Days on market
-
Sold On
-
MLS number
TR25052252
Home ConditionExcellent
Features
Good View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $550.0K(50th), sqft - 545(14th), beds - undefined(14th), baths - 1(50th).

Discover one of the most desirable studio residences in the prestigious Metropolis High Rise Tower II. This luxurious 545 sq. ft. condo features rare soaring ceilings and expansive floor-to-ceiling windows that fill the space with natural light. Ideally located on the 6th floor, this resident offers 24-hour concierge service and convenient access to world-class amenities, including a resort-style pool, spa, clubhouse, lounge, fitness center, yoga studio, sky garden, dog park, screening room, and billiards room. The thoughtfully designed open floor plan creates an airy, spacious feel, enhanced by wide oak flooring and high-end finishes throughout. Unwind in the spa-inspired bathroom with a soaking tub, and enjoy the added convenience of an in-unit washer and dryer. As a resident, you'll also have unlimited access to the four-star dining and cocktail lounges at the adjacent Hotel Indigo. Perfectly situated in the heart of downtown Los Angeles, this urban sanctuary places you moments from renowned entertainment venues, acclaimed restaurants, and major freeways for effortless city living. Photos have been digitally altered and/or virtually staged. .

Price History

Date
Event
Price
07/24/18
Sold
$637,000
Condition Rating
Excellent

Built in 2017, this condo is practically new construction. The description highlights 'luxurious' and 'high-end finishes throughout,' including wide oak flooring and a 'spa-inspired bathroom.' Images confirm a pristine, modern aesthetic with contemporary fixtures, tiling, and lighting in the bathroom. While a direct kitchen image isn't prominent, the overall quality and age of the property, along with the visible modern elements and 'high-end finishes' mentioned, strongly indicate an excellent condition kitchen with modern appliances. There is no visible deferred maintenance or outdated features.
Pros & Cons

Pros

Prime Downtown Location: Perfectly situated in the heart of Downtown Los Angeles, offering unparalleled access to entertainment venues, acclaimed restaurants, and major freeways.
Extensive Luxury Amenities: Residents benefit from world-class amenities including a resort-style pool, spa, fitness center, sky garden, dog park, 24-hour concierge, and exclusive access to Hotel Indigo services.
Modern & High-End Interior: Features rare soaring ceilings, expansive floor-to-ceiling windows, wide oak flooring, high-end finishes, a spa-inspired bathroom, and convenient in-unit washer/dryer.
Newer Construction: Built in 2017, the property offers modern design, infrastructure, and reduced immediate maintenance concerns compared to older buildings.
Desirable City Lights View: The unit provides captivating city lights views, enhancing the living experience and overall property appeal.

Cons

Compact Living Space: At 545 sq. ft., the studio offers limited living space, which may not suit all buyer preferences or long-term needs.
High Monthly Association Fees: The $504.34 monthly association fee is substantial for a studio unit, adding a significant recurring cost to ownership.
Significant Price Reduction from Previous Sale: The current list price of $550,000 is considerably lower than its 2018 sale price of $637,000, which may prompt buyer scrutiny regarding market value or past overpricing.

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