889 Francisco Street 2601, Los Angeles, California 90017, Los Angeles, 90017 - 1 bed, 2 bath
889 Francisco Street 2601
Los Angeles, California 90017
Property Price
SUMMARY
Analysis of 889 Francisco Street 2601, Los Angeles, California 90017 is currently available with a list price of $676,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This condominium was built in 2017, making it only 7 years old, which falls well within the 'Excellent' criteria for age. The images showcase a property with contemporary design and high-end finishes throughout. The kitchen features modern flat-panel cabinetry and sleek countertops. Both bathrooms are impeccably clean, featuring modern vanities, fixtures, and stylish tiling (subway tile accent in the powder room, large format tiles in the full bath). Flooring is a mix of modern tile and light wood, all appearing new and well-maintained. There are no signs of wear, tear, or outdated components, aligning with a property that is virtually new and meets current quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Location
Located in DTLA's iconic Metropolis Tower 1, offering unparalleled access to major attractions, entertainment venues, dining, and cultural institutions.
- Panoramic City Views
Situated on the 26th floor, the unit boasts breathtaking panoramic city skyline and mountain views, enhancing its luxury appeal.
- Extensive Luxury Amenities
The building provides resort-style amenities including a heated pool, spa, fitness center, dog park, movie theater, business center, and a 24-hour attended lobby.
CONSRISKS & DEFICIENCIES
- High Monthly Association Fees
The association fee of $1,282.42 per month is substantial and will significantly impact the total cost of ownership.
- Limited Square Footage
At 780 sqft, the unit offers relatively compact living space, which may not appeal to all luxury condominium buyers seeking more expansive interiors.
- Significant Value Depreciation
The current list price of $676,000 is considerably lower than its 2017 sale price of $938,000, indicating a substantial depreciation in value since its last transaction.
About 889 Francisco Street 2601
Most Luxurious Condominium with magnificent City View! Metropolis Tower 1. DTLA's iconic address for premier luxury high-rise living. The highly sought after corner 01 stack. Perched 26 floors above the city where light and air collide into one. Designed by contemporary award-winning architect Gensler. This luxury residence features a unique floor plan that includes an enclosed grand master bedroom suite, open kitchen/living room concept, high end finishes throughout, and windows that integrate the entire living space with breathtaking panoramic city skyline views.it is a cove of unparalleled stunning views, prime location, privacy and security that sit above the pulse of this City of Angels. Metropolis life is filled with the beauty, style and elegance that reflects your personal accomplishments.Resort-style indoor/outdoor amenities include: heated pool, spa, cabanas, meditation gardens, fire pits, bbq, dog park, movie theater, billiards room, lounge, fitness center, yoga studio, business center, a 24 hour attended lobby and much more. This unit comes with a deeded parking spot and storage exclusive to Tower 1.Step out into the streets of the metropolis, near to all that Downtown has to offer, Staples Center sports and concert arena, parks, restaurants, museums and theaters. It is your home to rest, stop to recharge, arena to entertain, and fortress to launch your next venture
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2017
- Lot Size
- 98,939 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1282.42 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 2.0 | 1.0 | 59% |
| Square foot | 780 | 825 | 45% |
| Lot Size | 98,939 | 85,131 | 55% |
| Price | $676.0K | $500.0K | 73% |
| Price per sq ft | $867 | $620 | 95% |
| Built year | 2017 | 2012 | 50% |
| HOA | $1282.42 | $831 | 91% |
| Days on market | 270 | 270 | 50% |
Pricing History
Listed for Sale
Jun 9, 2025
$676,000
Initial Listing
Sold
May 17, 2017
$938,000
Public Record