877 Francisco Street 4207, Los Angeles, California 90017, Los Angeles, 90017 - 1 bed, 1 bath

877 Francisco Street 4207, Los Angeles, California 90017 home-pic-0
ACTIVE$899,000
877 Francisco Street 4207, Los Angeles, California 90017
1Bed
1Bath
870Sqft
128,938Lot
Year Built
2017
Close
-
List price
$899K
Original List price
$995K
Price/Sqft
$1,033
HOA
$1,092.22
Days on market
-
Sold On
-
MLS number
P1-20537
Home ConditionExcellent
Features
Excellent View: City Lights
Deck
Spa
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $899.0K(90th), sqft - 870(55th), beds - 1(50th), baths - 1(50th).

Welcome to an unparalleled living experience at the luxurious Tower Two of Metropolis. This is Penthouse 4207, in the South park District of Downtown LA. This exquisite 870-square-foot high-rise residence offers a sophisticated blend of elegance and modernity, perfectly suited for the discerning urban dweller.Step into a completely re-envisioned space where every detail has been thoughtfully curated. This one-bedroom, one-bathroom unit boasts custom cabinetry, providing ample storage and a unique touch that sets this home apart. A raised 11 foot ceiling, added coat closet, high end dimmer switches are finishes that even the developer didn't envision. The expanded walk-in closet space ensures that your belongings are both organized and accessible, enhancing the overall functionality of the home. The north/eastern views are simply stunning and away from freeway noise. Black out shades have been added to the bedroom for those that like to sleep in. A glass hoer enclosure and new custom vanity adds touches or confort and elegance to the bathroom. The building's amenities elevate your lifestyle to new heights. Enjoy the convenience of a concierge service and the security of a state-of-the-art system. Stay active with access to a fully equipped gym and a serene yoga studio. Entertain guests in the common media/recreation room, or challenge them to a game in the billiards room. For movie enthusiasts, the screening room offers an intimate cinematic experience.Outdoors, the barbecue area, dog park and putting green provide perfect settings for relaxation and leisure. The building also features a game room and guest parking, ensuring that every need is met with ease. With assigned parking and an elevator, convenience is at your fingertips.This residence is not just a home; it's a statement of style and sophistication in the heart of Los Angeles.

Price History

Date
Event
Price
04/14/20
Sold
$1,070,000
Condition Rating
Excellent

Built in 2017, this penthouse unit has been 'completely re-envisioned' with custom, high-end finishes throughout. The kitchen features sleek, modern cabinetry, integrated appliances, and a gas cooktop, all appearing new. The bathroom boasts a new custom floating vanity, wall-mounted toilet, and a contemporary glass shower enclosure. Hardwood floors, recessed lighting, and custom details like raised ceilings and dimmer switches contribute to a virtually new and luxurious feel, meeting the highest quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Luxury Building & Extensive Amenities: The Metropolis Tower Two offers a comprehensive suite of high-end amenities including concierge, gym, yoga studio, media/recreation rooms, outdoor leisure areas, and guest parking, enhancing lifestyle and value.
Penthouse with Premium Custom Upgrades: As Penthouse 4207, the unit features a raised 11-foot ceiling, custom cabinetry, expanded walk-in closet, and high-end finishes throughout, distinguishing it from standard units.
Prime Downtown LA Location with Desirable Views: Situated in the South Park District, the property boasts stunning north/eastern city views, away from freeway noise, offering a premium urban living experience.
Modern Construction & Security: Built in 2017, the building benefits from contemporary design and state-of-the-art security systems, providing peace of mind and reduced immediate maintenance concerns.
Assigned Parking: The inclusion of assigned parking is a significant convenience and value-add in a dense urban environment like Downtown LA.

Cons

High Monthly Association Fee: The association fee of $1,092.22 per month is substantial and could be a deterrent for potential buyers, impacting overall affordability.
Significant Price History Discrepancy: The current list price of $899,000 is considerably lower than its 2020 sale price of $1.07 million and its original list price of $995,000, which may raise questions about market value or previous overpricing.
Compact Penthouse Size: At 870 square feet, the unit is relatively compact for a penthouse, which might limit its appeal to buyers seeking more expansive living spaces typically associated with penthouse units.

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