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889 Francisco St + 10th Street 2611, Los Angeles, California 90017, Los Angeles, 90017 - 1 bed, 2 bath

889 Francisco St 10th Street 2611, Los Angeles, California 90017 home-pic-0
ACTIVE$699,500
889 Francisco St + 10th Street 2611, Los Angeles, California 90017
1Bed
2Baths
880Sqft
98,939Lot
Year Built
2017
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$795
HOA
$1,035
Days on market
-
Sold On
-
MLS number
PW24238343
Home ConditionExcellent
Features
Excellent View: City Lights
Pool
Patio
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $699.5K(75th), sqft - 880(61th), beds - 1(50th), baths - 2(50th).

Welcome home to the Metropolis, Developed by Greenland USA, the luxurious Metropolis bring the essence of high rise residential living meets posh retail and resort like feel. Spacious Studio, Luxury Collection, professionally managed. Enjoy the largest Sky park in Los Angeles, and have Staples Center, Financial District, South Park and the all of DTLA's Exciting destinations at your doorstep. Exercise and entertain tin the over 64,000 sf of indoor/outdoor clubhouse, Metropolis featuring a off leash dog park, sparkling Olympic sized pool and cabanas, and outdoor dining pavilions. Private Cinema, expansive fitness center, billiards, yoga, Spa/steam, and video business center only for residents. Don't miss the opportunity to own this urban retreat in the heart of bustling downtown LA!

Price History

Date
Event
Price
10/10/19
Sold
$850,000
Condition Rating
Excellent
This property was built in 2017, making it only 7 years old. As part of the 'luxurious Metropolis' development, it features modern, high-end finishes and appliances throughout, including the kitchen and bathrooms. The condition aligns perfectly with a property that is virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Modern Luxury Development: Built in 2017 by Greenland USA, this property is part of the luxurious Metropolis, offering a high-rise residential living experience with posh retail and resort-like amenities.
Prime Downtown LA Location: Strategically located in the heart of DTLA, providing immediate access to Staples Center, the Financial District, South Park, and other exciting downtown destinations.
Exceptional Resort-Style Amenities: Residents enjoy over 64,000 sq ft of indoor/outdoor clubhouse facilities, including the largest Sky park in Los Angeles, an Olympic-sized pool, cabanas, a dog park, private cinema, expansive fitness center, billiards, yoga, spa/steam, and a video business center.
Spacious Layout with Dual Baths: The unit offers a generous 880 sq ft for a 1-bedroom, uniquely featuring 2 full bathrooms, which is a significant advantage for comfort and guest accommodation.
Professional Management & City Views: The property benefits from professional management and offers desirable city lights views, enhancing the overall living experience.

Cons

High Monthly Association Fees: The substantial monthly association fee of $1,035 could be a significant ongoing financial commitment for potential buyers.
Concerning Price History: The current list price of $699,500 is notably lower than its previous sale price of $850,000, which may suggest a depreciation in value or a challenging market outlook.
Unit Type Discrepancy: The property description refers to the unit as a 'Spacious Studio,' which contradicts the listed detail of 1 bedroom, potentially causing confusion for prospective buyers regarding the actual layout.

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