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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$699,000
889 Francisco Street 3801, Los Angeles, California 90017
1Bed
2Baths
780Sqft
98,939Lot
Year Built
2017
Close
-
List price
$699K
Original List price
$699K
Price/Sqft
$896
HOA
$1,285.42
Days on market
-
Sold On
-
MLS number
25534875
Home ConditionExcellent
Features
Excellent View: City Lights
Deck
Pool
Spa
Patio
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $699.0K(72th), sqft - 780(38th), beds - 1(50th), baths - 2(50th).

THE BEST DEAL YOU WILL EVER FIND AT METROPOLIS TOWER ONE!!! ORIGINAL OWNER PAID OVER $1.1 MILLION IN 2017 AND IS NOW SELLING FOR $699,000!!! THIS WON'T LAST!!! Enjoy spectacular views high up from the 38th floor. Fantastic opportunity to own in the one-and-only Metropolis Tower One building; as an investment property, pied-a'-terre or to live in and enjoy! Tower One of the MEGA Metropolis project is THE TOWER to own in! All of the amenities and the beautiful grand entrance driveway are exclusive to Tower One and Hotel Indigo; Towers Two & Three have a different entrance and some shared amenities. Unit 3801 is high up in Tower One overlooking the beautiful sprawling amenity deck, with amazing views of the Ritz-Carlton tower and LA Live! Modern kitchen with Bosch appliances and Caesarstone countertops that also include beautifully paneled refrigerator and dishwasher that seamlessly blend into the rest of the high-end kitchen cabinetry. Spacious bright bedroom with large walk-in closet and also beautiful views! Includes two car tandem parking spaces and a private storage unit too! High-end and beautifully appointed resort amenities are endless - fitness center, conference room, screening room, billiards room, pool, hot tub, pet area, and green spaces, just to name a few. Monthly HOA includes WIFI. Just steps to LA Live, Crypto.com Arena, Whole Foods, and EVERYTHING else that Downtown has to offer.

Price History

Date
Event
Price
04/25/17
Sold
$1,118,000
Condition Rating
Excellent
Built in 2017, this property is virtually new. The kitchen features modern flat-panel cabinetry, high-end Bosch appliances (including paneled refrigerator and dishwasher), and Caesarstone countertops, all in excellent condition. Bathrooms are equally modern with contemporary vanities, fixtures, and stylish subway tile accents. Light wood flooring, recessed lighting, and overall finishes throughout the unit and common areas reflect current quality standards with no visible signs of wear or deferred maintenance.
Pros & Cons

Pros

Exceptional Value Proposition: Listed significantly below the original 2017 purchase price of over $1.1 million, offering a rare opportunity for immediate equity or a substantial discount in a luxury building.
Premier Downtown LA Location: Unbeatable proximity to major attractions like LA Live, Crypto.com Arena, Whole Foods, and the vibrant offerings of Downtown Los Angeles, ensuring high walkability and convenience.
Exclusive Tower One Privileges: Ownership in the most prestigious Tower One of the Metropolis project, granting access to exclusive amenities and a grand entrance distinct from other towers.
Luxurious Resort-Style Amenities: An extensive array of high-end building amenities including a fitness center, pool, hot tub, screening room, pet area, and green spaces, enhancing the living experience.
High-Floor Views & Modern Finishes: Enjoy spectacular views from the 38th floor overlooking the amenity deck, Ritz-Carlton, and LA Live, complemented by a modern kitchen with Bosch appliances and Caesarstone countertops.

Cons

Substantial Monthly HOA Fees: The monthly association fee of $1285.42 is considerably high, adding a significant recurring cost to ownership that could impact affordability.
Potential for Market Depreciation Concerns: The drastic price reduction from the original 2017 purchase price (over $1.1M to $699k) may raise questions about the property's long-term value appreciation or underlying market factors.
Compact Unit Size: At 780 square feet, the 1-bedroom unit offers a relatively compact living space, which might be a consideration for buyers seeking more expansive accommodations.

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