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877 Francisco Street 1128, Los Angeles, California 90017, Los Angeles, 90017 - 1 bed, 2 bath

877 Francisco Street 1128, Los Angeles, California 90017 home-pic-0
ACTIVE$760,000
877 Francisco Street 1128, Los Angeles, California 90017
1Bed
2Baths
972Sqft
128,959Lot
Year Built
2017
Close
-
List price
$760K
Original List price
$760K
Price/Sqft
$782
HOA
$608.7
Days on market
-
Sold On
-
MLS number
25496141
Home ConditionExcellent
Features
Excellent View: City Lights, Panoramic, Peek-A-Boo
Pool
Spa
ViewCity Lights,Panoramic,Peek-A-Boo

About this home

We found 3 Cons,5 Pros. Rank: price - $760.0K(86th), sqft - 972(69th), beds - 1(50th), baths - 2(50th).

Welcome home to sophisticated urban living in this highly desirable corner unit at Luxurious Metropolis Tower Two! This immaculate residence features elegant hardwood floors, sleek European cabinetry, and premium appliances, creating a refined and modern living space. Floor-to-ceiling windows on the southwest-facing corner flood the home with natural light while offering breathtaking panoramic views of the city skyline and the lush, resort-style amenities below. Indulge in DTLA's most luxurious resort-style amenities, including an expansive pool & spa for ultimate relaxation, state-of-the-art fitness center, outdoor kitchen, BBQ area & dining spaces, movie theater, game room & business center, children's playground & dog run for pet-friendly convenience, 24-hour security & concierge services for peace of mind. Located in the heart of Downtown LA, you're just minutes away from world-class dining, entertainment, shopping, and cultural landmarks. Bonus: All furniture and select plants can be included at no additional cost! Don't miss this rare opportunity, schedule your private tour today!

Price History

Date
Event
Price
03/16/21
Sold
$870,000
Condition Rating
Excellent
This property, built in 2017, is only 7 years old, placing it well within the 'newly built' category. The description highlights 'elegant hardwood floors, sleek European cabinetry, and premium appliances,' which are all confirmed by the high-quality images. The kitchen features modern flat-panel cabinetry, stainless steel appliances, and solid surface countertops. Bathrooms are equally modern with sleek vanities, tiled floors, and glass-enclosed showers. All visible components, including flooring, light fixtures (recessed lighting), and overall finishes, are contemporary and in pristine condition, showing no signs of wear or deferred maintenance. The property meets current quality standards and is essentially new.
Pros & Cons

Pros

Prime Downtown LA Location: Located in the heart of Downtown LA, offering unparalleled access to world-class dining, entertainment, shopping, and cultural landmarks.
Luxurious Resort-Style Amenities: The building boasts extensive amenities including an expansive pool & spa, state-of-the-art fitness center, outdoor kitchen, movie theater, game room, business center, children's playground, dog run, and 24-hour security & concierge services.
Panoramic City Views & Natural Light: As a highly desirable southwest-facing corner unit, it features floor-to-ceiling windows that flood the home with natural light and offer breathtaking panoramic city skyline views.
Modern & High-End Interior Finishes: The residence showcases elegant hardwood floors, sleek European cabinetry, and premium appliances, creating a refined and contemporary living space.
Newer Construction & Added Value: Built in 2017, the property offers modern infrastructure and design, with the added bonus of including all furniture and select plants at no additional cost.

Cons

High Monthly Association Fees: The monthly association fee of $608.7 is substantial and adds significantly to the overall cost of ownership, which could deter some buyers.
Urban Environment Drawbacks: While central, the Downtown LA location can come with inherent challenges such as significant urban noise, traffic congestion, and a dense environment that may not appeal to all lifestyles.
Previous Price History Discrepancy: The current list price of $760,000 is notably lower than the previous sale price of $870,000, which may raise questions about market value, potential depreciation, or the property's investment outlook.

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