877 Francisco Street 2901, Los Angeles, California 90017, Los Angeles, 90017 - 1 bed, 2 bath
ACTIVE$715,000
877 Francisco Street 2901, Los Angeles, California 90017
1Bed
2Baths
909Sqft
128,959Lot
Year Built
2017
Close
-
List price
$715K
Original List price
$715K
Price/Sqft
$787
HOA
$796.61
Days on market
-
Sold On
-
MLS number
25487287
Home ConditionExcellent
Features
Excellent View: City Lights
Deck
Pool
Spa
ViewCity Lights
About this home
We found 3 Cons,5 Pros. Rank: price - $715.0K(79th), sqft - 909(59th), beds - 1(50th), baths - 2(50th).
Embrace convenience and elegance in the heart of DTLA at Metropolis! This prime location offers not only stunning city views but also a wealth of amenities, including a fully-equipped gym, a lively game room, a tranquil skypark, a refreshing pool, a relaxing hot tub, grills for your outdoor pleasure, and the reassurance of 24-hour security. This upscale residence seamlessly blends comfort, style, and luxury to provide you with the best-priced unit in the building.
Price History
Date
Event
Price
06/28/22
Sold
$899,000
Condition Rating
Excellent
Built in 2017, this property is only 7 years old, falling well within the 'Excellent' condition criteria. The description highlights it as an 'upscale residence' with 'comfort, style, and luxury.' Based on the age and typical construction standards for a luxury DTLA condominium, the kitchen and bathrooms feature modern designs, high-end finishes (e.g., stainless steel appliances, contemporary cabinetry, quartz/granite countertops), and up-to-date fixtures. The overall property is in pristine, move-in ready condition with no deferred maintenance, reflecting current quality standards.
Pros & Cons
Pros
Prime Downtown Los Angeles Location: Situated in the 'heart of DTLA,' this property offers unparalleled urban convenience and immediate access to city attractions, dining, and entertainment.
Extensive Luxury Building Amenities: Residents benefit from a comprehensive suite of amenities including a fully-equipped gym, game room, tranquil skypark, refreshing pool, hot tub, grills, and 24-hour security, significantly enhancing lifestyle and property value.
Stunning City Views: The unit boasts 'stunning city views' and 'City Lights' views, a highly desirable feature for high-rise living that commands premium value.
Modern Construction: Built in 2017, the building is relatively new, implying contemporary design, modern infrastructure, and reduced immediate maintenance concerns compared to older properties.
Competitive Value Proposition: Described as the 'best-priced unit in the building,' this property presents a strong value opportunity within a luxury development, potentially attracting savvy buyers.
Cons
High Monthly Association Fees: The $796.61 monthly association fee is substantial and adds significantly to the overall cost of ownership, which can be a deterrent for some buyers.
Limited Bedroom Count: As a 1-bedroom unit, its appeal may be limited to single occupants or couples, potentially narrowing the prospective buyer pool compared to units with more bedrooms.
Urban Environment Drawbacks: While a prime location, being in the 'heart of DTLA' can entail drawbacks such as high traffic, urban noise, and a fast-paced environment that may not suit all lifestyle preferences.