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889 Francisco Street 3801, Los Angeles, California 90017, Los Angeles, 90017 - 1 bed, 2 bath

889 Francisco Street 3801, Los Angeles, California 90017 home-pic-0
ACTIVE$747,000
889 Francisco Street 3801, Los Angeles, California 90017
1Bed
2Baths
780Sqft
98,939Lot
Year Built
2017
Close
-
List price
$747K
Original List price
$855K
Price/Sqft
$958
HOA
$1,040.7
Days on market
-
Sold On
-
MLS number
25488909
Home ConditionExcellent
Features
Excellent View: City Lights
Pool
Spa
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $747.0K(82th), sqft - 780(39th), beds - 1(50th), baths - 2(50th).

Welcome to 889 Francisco St, Unit 3801, an exquisite luxury condominium located in the heart of Downtown Los Angeles. This modern 780-square-foot residence, built in 2017, offers 1 bedroom, 2 bathrooms, and a sophisticated urban lifestyle. This unit provides unparalleled convenience and access to world-class amenities. The property comes with two dedicated parking spots, including EV charging capabilities, catering to your modern transportation needs.Residents can enjoy an array of resort-style features, including a state-of-the-art fitness center, spa, swimming pool with cabanas and a BBQ area, and business center. Additionally, the 24-hour attended lobby, concierge services, and valet parking ensure a seamless living experience.Experience the perfect blend of luxury, comfort, and style in this stunning condominium situated in one of Los Angeles' most vibrant neighborhoods.

Price History

Date
Event
Price
04/25/17
Sold
$1,118,000
Condition Rating
Excellent
Built in 2017, this luxury condominium is practically new, falling well within the 'built within 10 years' criterion for an excellent rating. The description highlights its 'modern' and 'exquisite' nature, suggesting high-quality finishes. Based on the build year and luxury branding, the kitchen would feature contemporary cabinetry, high-end stainless steel appliances, and stone countertops, while bathrooms would boast modern fixtures, vanities, and tiling. All components are expected to be in pristine, virtually new condition with no signs of wear or outdated styles, meeting current quality standards.
Pros & Cons

Pros

Luxury Resort-Style Amenities: Residents enjoy an extensive array of high-end amenities including a state-of-the-art fitness center, spa, swimming pool with cabanas and BBQ area, business center, 24-hour attended lobby, concierge services, and valet parking.
Prime Downtown Los Angeles Location: Situated in the heart of Downtown Los Angeles, offering unparalleled convenience and access to one of the city's most vibrant neighborhoods.
Modern Construction: Built in 2017, the property is relatively new, ensuring modern design, infrastructure, and potentially fewer immediate maintenance concerns.
Dedicated Parking with EV Charging: Includes two dedicated parking spots with EV charging capabilities, a significant advantage and convenience in a dense urban environment.
City Lights View: The unit offers desirable 'City Lights' views, enhancing the urban living experience and aesthetic appeal.

Cons

Significant Price Depreciation: The current list price of $747,000 is substantially lower than its 2017 sale price of $1.118 million, indicating a significant loss in value or a highly competitive market.
High Monthly Association Fees: A monthly association fee of $1,040.70 is a considerable ongoing expense that impacts affordability and long-term cost of ownership.
Compact Living Space: At 780 square feet, the 1-bedroom unit offers limited living space, which might be a drawback for buyers seeking more expansive accommodations.

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