
Los Angeles, California 90017
This High-Potential Investment Opportunity is a modern condominium listed at a List Price of $488,000—positioned well below the $470,725 Fair Market Value by -3%. Built in 2017, the unit maintains a Condition Rating of 2, featuring modern cabinetry and integrated appliances. Residents benefit from luxury amenities including a 24-hour concierge, gym, and pool. While the HOA fees are notable, the seller’s incentive to cover six months of dues enhances immediate cash flow. This property is an ideal acquisition for Buy-and-Hold Investors or urban professionals seeking a turnkey DTLA residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 889 Francisco Street 710 Subject | $488,000* List Price | 1 | 1 | 750 | $628 | - |
A 889 Francisco Street 2611 Sold | $550,000 | 1 | 2 | 890 | $618 | 0.0 mi |
B 1100 Wilshire 3005 Sold | $432,000 | 1 | 1 | 800 | $540 | 0.3 mi |
C 877 Francisco Street 1819 Sold | $369,000 | 0 | 1 | 544 | $678 | 0.1 mi |
D 877 Francisco Street 2305 Active | $605,000 List Price | 1 | 1 | 750 | $807 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The building was constructed in 2017, making it less than 10 years old. The kitchen features modern flat-panel cabinetry and integrated appliances, and the luxury building amenities are in mint condition, requiring no maintenance.
Situated within walking distance of the Crypto.com Arena and surrounded by world-class dining and shopping, offering an ideal urban lifestyle for professionals and students.
Residents enjoy 24-hour concierge service and resort-style facilities, including a fully equipped gym, swimming pool, jacuzzi, and dedicated business centers.
Priced significantly below its 2018 sale price of $698,000, the property offers further value with a motivated seller willing to cover six months of HOA dues.
At $950 per month, the association fees are relatively high for a one-bedroom unit, which may impact monthly affordability and overall investment yields.
The 'Peek-A-Boo' view designation suggests restricted visibility of the city skyline, which may be a drawback for buyers seeking the expansive vistas typical of luxury high-rise living.
Reduced to $488,000.- The seller will pay 6 months of Home Owner Association. Downtown LA's luxurious condominium. Walking distance from Crypto Arena (Staple center). Experience sophisticated city living. Surrounded by world class shopping area and exclusive restaurants. 24 hours concierge, fully equipped gym, swimming pool, jacuzzi, barbecue area, the entertaining lounge, business and meeting facilities, dog walk and many more. Perfectly situated for business professionals, the university students and faculty members seeking downtown luxury and convenience, and style in the heart of DTLA. The owner is highly motivated, making this great reduced price opportunity one not to miss.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 750 | 1,219.385 |
| Lot Size | 98,939 | 27,236.074 |
| Price | $488.0K | $800.2K |
| Price per sq ft | $651 | $650 |
| Built year | 2017 | 1979 |
| HOA | $950.0 | $685 |
| Days on market | 99 | 72 |
Jun 2, 2026
$488,000
Initial Listing
Dec 13, 2018
$698,000
Public Record