889 Francisco Street 1501, Los Angeles, California 90017, Los Angeles, 90017 - 1 bed, 2 bath
ACTIVE$595,000
889 Francisco Street 1501, Los Angeles, California 90017
1Bed
2Baths
780Sqft
98,939Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Downtown LA Location: The property boasts an exceptional location at the doorstep of Staples Center, the Financial District, SouthPark, and other key DTLA destinations, offering unparalleled urban convenience and access.
Top Cons:
High Monthly Association Fee: The substantial monthly association fee of $940.0 significantly adds to the cost of ownership, potentially impacting affordability and long-term investment returns.
Compared to the nearby listings
Price:$595.0K vs avg $550.0K (+$45,000)59%
Size:780 sqft vs avg 827 sqft38%
Price/sqft:$763 vs avg $62272%
More Insights
Built in 2017 (8 years old).
Condition: Built in 2017, this property is only 7 years old, meeting the 'Excellent' criteria for age. The kitchen features modern flat-panel cabinetry, quartz countertops, and high-end stainless steel Bosch appliances. Bathrooms are equally contemporary with floating vanities, sleek fixtures, and a stacked Bosch washer/dryer. All finishes, including the wide-plank flooring and lighting, are new or virtually new, reflecting current quality standards with no visible deferred maintenance.
Year Built
2017
Close
-
List price
$595K
Original List price
$595K
Price/Sqft
$763
HOA
$940
Days on market
-
Sold On
-
MLS number
25574415
Home ConditionExcellent
Features
Excellent View: City Lights
ViewCity Lights
About this home
Master Suite and Living room with direct garden & LA Live views. 1.5 Bath. An Urban Sanctuary, with breathtaking views in every direction. 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 unit!
Price History
Date
Event
Price
12/01/17
Sold
$843,000
Condition Rating
Excellent
Built in 2017, this property is only 7 years old, meeting the 'Excellent' criteria for age. The kitchen features modern flat-panel cabinetry, quartz countertops, and high-end stainless steel Bosch appliances. Bathrooms are equally contemporary with floating vanities, sleek fixtures, and a stacked Bosch washer/dryer. All finishes, including the wide-plank flooring and lighting, are new or virtually new, reflecting current quality standards with no visible deferred maintenance.
Pros & Cons
Pros
Prime Downtown LA Location: The property boasts an exceptional location at the doorstep of Staples Center, the Financial District, SouthPark, and other key DTLA destinations, offering unparalleled urban convenience and access.
Extensive Luxury Amenities: Residents benefit from over 40,000 sq ft of indoor/outdoor clubhouse facilities (MetSix), including a dog-friendly Sky-park, pool, cabanas, private cinema, expansive fitness center, billiards, yoga, spa/steam, and business center.
All-Inclusive Luxury Services: The unit comes with 5-star residential concierge service, an Access membership with dining & room discounts at Hotel Indigo, and includes 1G Fiber Optic Internet, Wifi, Gas, Water, and Trash in the monthly fees.
Modern Construction: Built in 2017, the property offers contemporary design and infrastructure, appealing to buyers seeking a newer, well-maintained residence.
Desirable Views: The unit features direct garden & LA Live views, described as 'breathtaking views in every direction,' including city lights, enhancing its aesthetic appeal.
Cons
High Monthly Association Fee: The substantial monthly association fee of $940.0 significantly adds to the cost of ownership, potentially impacting affordability and long-term investment returns.
Significant Price Depreciation: The current list price of $595,000 is considerably lower than its 2017 sale price of $843,000, which may raise concerns about market value stability or previous overvaluation.
Compact Unit Size: With 780 sqft for a 1-bedroom unit, the living space is relatively compact, which might not appeal to all buyers seeking more spacious accommodations.