312 W 5th Street 825, Los Angeles, CA 90013

$499,000 Asking Price

2 beds
1 bath
750  sqft
Built in 1923

2 Bedroom unit! Conveniently located in the SB Grand Lofts, between Broadway and Hill Street, this 1-bedroom loft style condo is exterior facing with a great view facing north. Perched high above the hustle and bustle of 5th St., this loft offers tiled flooring and an open ceiling area to create the ambience of Downtown living, and the unit is very quiet as it shares a wall with only 1 other unit. The unit features large windows offering lots of natural light and a kitchen with stainless steel appliances. The unit has private stackable washer/dryer hookups. The location is unparalleled, situated just minutes walk from The Bloc, Grand Central market, Ralphs, Whole Foods and the best dining, shopping and nightlife Downtown LA has to offer. The building has some of the lowest HOA dues in Downtown LA and you get incredible value for what you pay; 24-hr security front desk concierge, fitness room, rooftop pool, hot tub and rooftop lounge area with panoramic views of the Downtown Los Angeles skyline. Valet or self parking available onsite. No pet restrictions and Airbnb/short term rentals permitted! Great investment for anyone looking for upside potential in the next few years as property values increase downtown. Building is currently undergoing cosmetic facelift with no special assessment or increase in HOA dues required.

Features & Amenities

Interior

Laundry:
Closet Stacked
A/C:
Electric
Fireplace:
N/K

Exterior

Pool:
Association,Other
Parking:
Parking spaces: 0

Construction

General:
1 Story

Location

HOA Amenities:
325.16, Monthly
Originating MLS:
California Regional MLS
County:
Los Angeles

Lot

Zoning:
LAC5, 5149002191
View:
City Lights

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
California Regional MLS

This listing courtesy of:
Rommy Shy, Rommy Shy

About Los Angeles, CA

Housing

Number of Units
906,276
Median Home Value
$764,749
Median Rent
$1,399

71.58% of housing units are renter occupied.

6.82% are vacant.

Commute

Car
56.67%
Public Transportation
8.41%
Walk to Work
3.27%
Work from Home
29.71%
Other
1.00%

The median travel time to work is 25 minutes.

People

Population
2,373,885
Median Age
35.80
Median Household Size
2.78

Education

High School
18.57%
Associate’s Degree
5.55%
Bachelor’s Degree
22.72%
Graduate Degree
12.23%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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