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312 W 5th St Unit 705, Los Angeles, CA, 90013

$430,000

Home List Price

$5,106*

Closing Credit

1 Bedroom
1 Full Bath
670 SqFt
$642/SqFt
Condo

Location

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312 W 5th St Unit 705, Los Angeles$430,000

Buyer Closing Credits

$5,106*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingNone
Year Built1923
HeatingCentral
CoolingCentral Air
FireplaceNone
ViewCity Lights, Park
Private PoolYes
MLS #P1-19864
Lot Size0.63 Acres
StatusActive

About 312 W 5th St Unit 705

Exceptional studio loft with incredible, panoramic views of the Downtown Los Angeles Skyline from the 7th floor of the SB Grand building at 5th and Broadway. Originally built in the 1920's, the building was converted to loft style condominium homes in the early 2000s and showcases concrete floors, high ceilings, large windows, and updated amenities including in-home washer/dryer. Loft #705 has successfully rented as a premier short term rental home with the Airbnb platform for many years making this a unique opportunity to purchase a turnkey Airbnb business or to make this special space your own home. Average revenues in prior years approaching $50,000 per year. Large, loft style living with an open plan kitchen, spacious living area and the incredible light you can see in the images. Residents enjoy the rooftop deck and pool, onsite exercise room and 24 hour doorman services. Broadway restaurants and bars, hotspots like Perch, the Last Bookstore, Grand Central Market, Bunker Hill and more. Located steps from the Pershing Square Metro station and perfectly positioned to benefit from the coming investments in Downtown LA as we welcome the World Cup and Olympics in coming years.

Property Details

Property Features

Property Information:

  • Year Built: 1923
  • Stories: 11
  • Living Area: 670 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (626) 449-5222
  • Listing Agent: Adam Bray-Ali

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Range, Microwave, Refrigerator
  • Interior: Loft
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: City Lights, Park

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.63 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Located at corner of 5th and Broadway. Entrance on 5th Street. Look for awning over entrance. Parking is available at Pershing Square across the street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $430,000
  • Price Per SqFt: $642/SqFt

HOA Fees:

  • Amount: $329
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

312 W 5th St Unit 705 vs Los Angeles

42 DAYS ON ROCKET

+4 Days

$430,000

-$591.5K Less

$642/SqFt

+$2 More

KEY TAKEAWAY

This property is $591.5K less than the Median Sold Price and $2/SqFt more than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #P1-19864

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (626) 449-5222
  • Listing Agent: Adam Bray-Ali

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 10:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,543

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,356

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-114329
3
/10

  • 9th Street School

  • 835 Stanford Ave

  • 0.87 miles

  • Public District Grades KG-5

school-card-donut-114330
4
/10

  • Gratts Learning Academy for Young Scholars (GLAYS)

  • 309 Lucas Ave

  • 0.93 miles

  • Public District Grades 2-6

school-card-donut-114331
4
/10

  • N.E.W. Academy of Science and Arts

  • 379 Loma Dr

  • 1.17 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $16,568. The majority of Los Angeles, CA residents have income less than $35k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 312 W 5th St Unit 705

What is the listing price of this property?

The listing price of 312 W 5th St Unit 705 property is $430,000.

What type of property is this?

The property 312 W 5th St Unit 705 is a condo located in Los Angeles, California, 90013.

Is this property for sale now?

Active Listing: 312 W 5th St Unit 705 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 312 W 5th St Unit 705 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 312 W 5th St Unit 705 is 670 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 312 W 5th St Unit 705 is 1923.

Rocket Homes›California›Los Angeles County›Los Angeles›90013›312 W 5th St Unit 705

This home is located at 312 W 5th St Unit 705 in Los Angeles, CA and zip code 90013 in the Central LA neighborhood. This 670 square foot home, which was built in 1923, sits on a 0.63 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since November 07, 2024 and is currently priced at $430,000.

In November 2024 more than 512 listings in Los Angeles, CA were sold above the asking price. During the same period more than 177 listings were sold at asking price, while more than 657 were sold below. The number of homes for sale in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. In November 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,021,532.

From Rocket Homes Real Estate and based on county public records data.

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