889 Francisco Street Unit 1611, Los Angeles, California 90017, Los Angeles, 90017 - 1 bed, 2 bath
ACTIVE$650,000
889 Francisco Street Unit 1611, Los Angeles, California 90017
1Bed
2Baths
870Sqft
98,939Lot
Year Built
2017
Close
-
List price
$650K
Original List price
$659K
Price/Sqft
$747
HOA
$752
Days on market
-
Sold On
-
MLS number
AR24040267
Home ConditionExcellent
Features
Excellent View: City Lights
ViewCity Lights
About this home
We found 3 Cons,5 Pros. Rank: price - $650.0K(69th), sqft - 870(55th), beds - 1(50th), baths - 2(50th).
A Luxury Development Condo located in the heart of Downtown LA. Easy access to the 110, 101, and 5 fwy. This unit has an open concept with Bosch appliances and a breathtaking view of the city of downtown LA. Contemporary architecture by the award-winning Gensler, residences at Metropolis. Metropolis amenities feature 24 24-hour attended lobby, gym, spa, swimming pool with cabanas and BBQ area, movie theater, game room, and business center. Unit with 1 parking space and 1 storage space. Among home features are expansive great rooms, walk-in closets and seamless, chef-caliber kitchens. BEST VALUE OF RESORT LIFESTYLE.
Price History
Date
Event
Price
05/05/17
Sold
$833,000
Condition Rating
Excellent
Built in 2017, this luxury condo is practically new construction. The kitchen features modern flat-panel cabinetry, stainless steel Bosch appliances, and a clean subway tile backsplash. Bathrooms are equally contemporary with stylish vanities and tiled showers. Hardwood flooring throughout the main living areas, recessed lighting, and a modern aesthetic confirm that all components are new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons
Pros
Prime Downtown LA Location: Situated in the heart of Downtown LA with excellent freeway access (110, 101, 5), offering unparalleled urban convenience and connectivity.
Luxury Development & Amenities: Part of a luxury development, Metropolis, featuring a 24-hour attended lobby, gym, spa, swimming pool with cabanas, BBQ area, movie theater, game room, and business center, providing a resort-like lifestyle.
Modern Construction & Design: Built in 2017 with contemporary architecture by award-winning Gensler, featuring an open concept, Bosch appliances, and chef-caliber kitchens.
Breathtaking City Views: Offers a breathtaking view of the Downtown LA city lights, enhancing the living experience and property appeal.
Dedicated Parking & Storage: Includes one dedicated parking space and one storage space, which are highly valuable and sought-after amenities in a dense urban environment.
Cons
High Association Fees: The monthly association fee of $752.0 is substantial and adds a significant recurring cost to homeownership.
Limited Bedroom Count: As a 1-bedroom unit, it caters to a narrower buyer demographic, primarily singles or couples, potentially limiting its market appeal compared to units with more bedrooms.
Significant Price Reduction from Previous Sale: The current list price of $650,000 is considerably lower than the previous sale price of $833,000, which may indicate market challenges or a perceived overvaluation in the past.