889 Francisco Street 1508, Los Angeles, California 90017, Los Angeles, 90017 - 2 bed, 2 bath
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Los Angeles, California 90017
This Luxury High-Rise Condominium represents a High-Potential Investment Opportunity, listed at $899,000—positioned well above the $869,856 Fair Market Value by 3%. While the price reflects a premium, the property maintains a Mint Condition Rating (2017 build) with high-end Bosch appliances and smart home features. Residents benefit from 40,000 sqft of resort-style amenities, including a pool, spa, and concierge. With two dedicated parking spaces and panoramic city views, this unit offers a sophisticated urban lifestyle. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, high-amenity residence in Downtown Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 889 Francisco Street 1508 Subject | $899,000* List Price | 2 | 2 | 1,290 | $674 | - |
A 877 Francisco Street 4106 Sold | $1,150,000 | 2 | 2 | 1,310 | $878 | 0.0 mi |
B 889 Francisco Street 806 Sold | $949,500 | 2 | 3 | 1,400 | $678 | 0.0 mi |
C 801 S Grand Avenue 1306 Sold | $638,000 | 2 | 2 | 1,200 | $532 | 0.2 mi |
D 801 S Grand Avenue 2202 Sold | $690,000 | 2 | 2 | 1,360 | $507 | 0.4 mi |
E 655 S Hope Street 1105 Sold | $735,000 | 2 | 2 | 1,180 | $623 | 0.4 mi |
F 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 in mint condition. It features modern Bosch appliances, contemporary bathroom fixtures, and updated smart home systems, requiring no maintenance.
Residents have access to over 40,000 sqft of world-class amenities, including a fitness center, pool, spa, private theater, and 24-hour concierge services, providing a premium lifestyle experience.
This light-filled corner unit features panoramic city views, high-end Bosch appliances, and a versatile den, offering a more spacious and desirable floor plan than standard interior units.
The inclusion of two dedicated parking spaces and a private storage unit is a significant rarity and value-add for a high-rise condominium in the heart of Downtown Los Angeles.
The monthly association fee of $1,292 is relatively high, which may impact the overall affordability and appeal for budget-conscious buyers or investors.
The current list price of $899,000 is substantially lower than the 2017 sale price of $1.298M, reflecting potential volatility in the building's market value or local high-rise demand.
Welcome to Metropolis Tower I, one of the Downtown Los Angele's premier luxiry high-rise communities. This light filled corner unit offers panaromic city views, Bosch appliances, smart home features, versatile den, in unit laundry, two parking spaces and dedicated storage. Enjoy over 40,000 sqft of resort style amenities, including a pool, spa, fitness center, private theater, business center, concierge service, a 24 hour security. Residents also enjoy exclusive discounts at the Indigo Hotel.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,290 | 1,180 | 67% |
| Lot Size | 98,939 | 59,001 | 67% |
| Price | $899.0K | $550.0K | 73% |
| Price per sq ft | $697 | $618 | 80% |
| Built year | 2017 | 2006 | 60% |
| HOA | $1292.0 | $1.2K | 87% |
| Days on market | 13 | 195 | 7% |
Jun 1, 2026
$899,000
Initial Listing
Apr 19, 2017
$1,298,000
Public Record