889 Francisco Street 1508, Los Angeles, California 90017, Los Angeles, 90017 - 2 bed, 2 bath
ACTIVE UNDER CONTRACT$990,000
889 Francisco Street 1508, Los Angeles, California 90017
2Beds
2Baths
1,290Sqft
98,939Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Panoramic City Views: The corner unit offers expansive panoramic views of Hollywood Hills, Financial District, South Park, and city lights, significantly enhancing its appeal and value.
Top Cons:
High Monthly Association Fee: The association fee of $1,292.00 is substantial and adds significantly to the monthly cost of ownership.
Compared to the nearby listings
Price:$990.0K vs avg $550.0K (+$440,000)93%
Size:1,290 sqft vs avg 852 sqft86%
Price/sqft:$767 vs avg $62276%
More Insights
Built in 2017 (8 years old).
Condition: Built in 2017, this property is only 7 years old and presents in virtually new condition. The kitchen features high-end Bosch and Thermador appliances, modern flat-panel cabinetry, and sleek countertops. Bathrooms are equally contemporary with updated vanities, fixtures, and a stacked Bosch washer/dryer. Hardwood flooring throughout the living areas and bedrooms, coupled with central HVAC and a minimalist design, confirms a property meeting current quality standards with no visible deferred maintenance.
Year Built
2017
Close
-
List price
$990K
Original List price
$990K
Price/Sqft
$767
HOA
$1,292
Days on market
-
Sold On
-
MLS number
25621877
Home ConditionExcellent
Features
Excellent View: City Lights
Pool
Spa
ViewCity Lights
About this home
A premier DTLA lifestyle awaits at Metropolis Tower. Residence 1508 is a light-filled corner home with panoramic views of the Hollywood Hills, Financial District, South Park and more. Enjoy cozy yet smart living with central HVAC, BOSH + Thermador appliances, in-unit W/D, Samsung surrount sound, and ultra-fast fiber internet. Amenities include 40,000 sqft or resort-style features: pool with cabanas, yoga/fitness studios, spa/steam rooms, private theater, dog-friendly Skypark, business center with private video rooms, EV Charging, concierge service, and secure guest parking. HOA includes gas, water, trash and internet ect. A rare residence offering unmatched comfort, curated amenities, and iconic views - experience premier living above the city!
Price History
Date
Event
Price
04/19/17
Sold
$1,298,000
Condition Rating
Excellent
Built in 2017, this property is only 7 years old and presents in virtually new condition. The kitchen features high-end Bosch and Thermador appliances, modern flat-panel cabinetry, and sleek countertops. Bathrooms are equally contemporary with updated vanities, fixtures, and a stacked Bosch washer/dryer. Hardwood flooring throughout the living areas and bedrooms, coupled with central HVAC and a minimalist design, confirms a property meeting current quality standards with no visible deferred maintenance.
Pros & Cons
Pros
Panoramic City Views: The corner unit offers expansive panoramic views of Hollywood Hills, Financial District, South Park, and city lights, significantly enhancing its appeal and value.
Extensive Luxury Amenities: The Metropolis Tower provides 40,000 sqft of resort-style amenities including a pool, fitness studios, spa, private theater, dog park, business center, EV charging, and concierge services.
Modern & Equipped Residence: Built in 2017, the unit features central HVAC, high-end BOSH + Thermador appliances, in-unit washer/dryer, Samsung surround sound, and ultra-fast fiber internet.
Prime Downtown LA Location: Situated in the desirable DTLA Metropolis Tower, offering a premier urban lifestyle with convenient access to the city's attractions.
Comprehensive HOA Inclusions: The HOA fee covers essential utilities such as gas, water, trash, and internet, simplifying monthly expenses for residents.
Cons
High Monthly Association Fee: The association fee of $1,292.00 is substantial and adds significantly to the monthly cost of ownership.
Significant Price Reduction from Previous Sale: The current list price of $990,000 is considerably lower than its previous sale price of $1,298,000, potentially raising concerns about value retention or market depreciation.
Urban Density & Noise: As a high-rise condominium in Downtown LA, residents may experience typical urban challenges such as higher noise levels and less private outdoor space compared to other property types.