889 Francisco Street 1008, Los Angeles, California 90017, Los Angeles, 90017 - 2 bed, 2 bath
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Los Angeles, California 90017
This residence at Metropolis Tower 1 is a Strong Value Opportunity, listed at $918,000—positioned slightly above the $910,449 Fair Market Value. While the price reflects current market stability, the property offers a Mint Condition Rating and immediate cash flow, currently tenant-occupied at $4,300/month. Featuring panoramic corner views, a resort-style pool, and 5-star concierge services, this asset provides a premium urban lifestyle. It is an ideal acquisition for Buy-and-Hold Investors seeking stable rental income or Owner-Occupants desiring a turnkey luxury residence in DTLA.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 889 Francisco Street 1008 Subject | $918,000* List Price | 2 | 2 | 1,365 | $679 | - |
A 889 Francisco Street 806 Sold | $949,500 | 2 | 3 | 1,400 | $678 | 0.0 mi |
B 877 Francisco Street 2707 Sold | $750,000 | 1 | 1 | 870 | $862 | 0.1 mi |
C 1100 Wilshire Boulevard 2911 Sold | $758,000 | 2 | 1 | 1,140 | $665 | 0.3 mi |
D 801 S Grand Avenue 2202 Sold | $690,000 | 2 | 2 | 1,360 | $507 | 0.4 mi |
E 877 Francisco Street 1806 Active | $1,100,000 List Price | 2 | 2 | 1,309 | $840 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2017, this property is less than 10 years old and remains in mint condition. The kitchen features modern flat-panel cabinetry and high-end integrated appliances, while the living areas show contemporary hardwood flooring and floor-to-ceiling windows with no visible maintenance needs.
The property is currently tenant-occupied at $4,300 per month for the next 15 months, offering investors immediate cash flow and a stable, professionally managed asset from day one.
Residents enjoy access to the 40,000 sqft MetSix clubhouse, which includes a resort-style pool, sky-park, fitness center, and 5-star concierge services, providing a true luxury lifestyle.
As a corner unit, this residence features expansive floor-to-ceiling windows that offer breathtaking, unobstructed views of the Hollywood Hills and the Downtown Los Angeles skyline.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1365, other record living area = 1290.
The monthly association fee of $1,358.79 is significant, which may impact the net investment yield and deter buyers looking for lower monthly overhead.
The current list price of $918,000 is substantially lower than the 2017 sale price of $1,095,500, indicating a lack of capital appreciation in this specific market segment over the last several years.
Attention Investors! 1008 has terrific corner views of Hollywood Hills & DTLA. Tenant occupied for next 15 months at $4300/month, but can be delivered vacant also for self occupancy! Discover Metropolis Tower 1 Residences. An Urban Sanctuary, with breathtaking views in every direction. Luxury Rental Collection, professionally managed onsite by Metropolis Prop. Arrive home through a grand motor court, and have Staples Center, Financial District, SouthPark and the all of DTLA's exciting destinations at your doorstep. Exercise and entertain in the over 40,000 sf of indoor/outdoor clubhouse, MetSix featuring a dog friendly Sky-park, a sparkling residents only pool and cabanas. private cinema, expansive fitness center, billiards, yoga, spa/steam, and video business center only for residents. Indulge in 5 star attentive residential conceirge service and Access membership with dining & room discounts at Hotel Indigo, and enjoy all inclusive living with ample bicycle and guest parking, storage unit, 1G Fiber Optic Internet, Wifi, Gas, Water, Trash provide with every home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,365 | 1,243 |
| Lot Size | 98,939 | 24,016 |
| Price | $918.0K | $805.6K |
| Price per sq ft | $673 | $659 |
| Built year | 2017 | 1981 |
| HOA | $1358.79 | $684 |
| Days on market | 42 | 71 |
Jun 10, 2026
$918,000
Initial Listing
Jul 7, 2017
$1,095,500
Public Record