877 Francisco Street 1506, Los Angeles, California 90017, Los Angeles, 90017 - 2 bed, 2 bath

877 Francisco Street 1506, Los Angeles, California 90017 home-pic-0
ACTIVE$1,295,000
877 Francisco Street 1506, Los Angeles, California 90017
2Beds
2Baths
1,311Sqft
98,911Lot
Year Built
2018
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$988
HOA
$398.87
Days on market
-
Sold On
-
MLS number
25515113
Home ConditionExcellent
Features
Excellent View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $1.29M(97th), sqft - 1311(86th), beds - 2(66th), baths - 2(50th).

**SELLER TO COVER TWO YEARS OF HOA FOR BUYER.** Experience downtown LA luxury living in this stunning two-bedroom, two bathroom corner residence, perfectly positioned to capture sweeping views of the downtown skyline. Offering Miele appliances, spacious bedrooms, high ceilings, and wood floors throughout, this open floor plan seamlessly connects the living, dining, and kitchen areas, creating an ideal space for entertaining guests or enjoying a quiet evening at home under the twinkling LA city lights. Avid home cooks can Indulge their culinary passions in the kitchen! Adorned with exquisite Miele appliances, designer finishes, and a spacious center island featuring a convenient beverage chiller, you can unleash your cooking creativity as you soak in panoramic views through the multidirectional, high ceilings. Once you settle in for the evening, you'll find that unique to this home are remote-powered custom electric blinds, adding privacy, convenience, and a touch of sophistication. As with the living areas, the primary bedroom continues to be flooded by natural light. Here, you'll find the spa-like bathroom with dual vanities and a spacious tub to soak and relax in. Storage is abundant with California Closets thoughtfully installed in three places: the coat closet, primary bedroom closet, and utility closet. An additional bedroom offers flexibility for guests or can be utilized as a home office or creative space whatever caters to your needs. Residents of Metropolis enjoy access to an array of upscale amenities, including a resort-style pool, fitness center, business center, screening room, 24-hour concierge service, and a dog walk area for those with furry friends. With its prime location in the heart of downtown, you'll be just minutes away from world-class dining, entertainment, shopping, and cultural attractions, plus a local Starbucks at the Indigo Hotel, right next door! Don't miss the opportunity to experience urban living at its best in one of Los Angeles' most coveted addresses.

Price History

Date
Event
Price
05/13/22
Sold
$1,285,000
Condition Rating
Excellent

Built in 2018, this property is only 6 years old, falling well within the 'newly built' criteria. The description highlights premium features such as Miele appliances, designer finishes, wood floors throughout, remote-powered custom electric blinds, and a spa-like bathroom with dual vanities and a spacious tub. These details, along with the overall luxury amenities of the building, indicate that all components are virtually new, meet current quality standards, and show no signs of deferred maintenance or physical depreciation. The kitchen and bathrooms are modern, high-end, and impeccably styled.
Pros & Cons

Pros

Significant Seller Incentive: The seller covering two years of HOA fees provides a substantial financial benefit to the buyer, reducing initial ownership costs.
Premium Interior Finishes & Features: Equipped with Miele appliances, designer finishes, remote-powered custom electric blinds, and California Closets, offering a high-end, convenient living experience.
Sweeping Downtown Skyline Views: As a corner residence, it boasts panoramic views of the downtown skyline and city lights, enhancing its aesthetic appeal and value.
Extensive Luxury Building Amenities: Residents enjoy access to a resort-style pool, fitness center, business center, screening room, 24-hour concierge, and a dog walk area, providing a comprehensive lifestyle package.
Prime Central Downtown Location: Situated in the heart of downtown Los Angeles, offering unparalleled access to world-class dining, entertainment, shopping, and cultural attractions.

Cons

Ongoing HOA Fees: Despite the initial seller incentive, the monthly HOA fee of $398.87 represents a recurring cost that future buyers will need to factor into their budget.
Urban Environment Considerations: While offering prime access, downtown living typically involves higher noise levels, traffic, and limited private outdoor space, which may not suit all buyer preferences.
Niche Market Appeal: Luxury condominiums in a dense urban core cater to a specific demographic, potentially narrowing the buyer pool compared to properties with broader market appeal.

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