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$415,000   Price Analysis
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312 W 5th St Apt 1022
Los Angeles, CA 90013
1 bed 1 bath 670 SqFt ($619/SqFt)
0.63 acre lot. Built 1923
Listed 2024-07-14, HOA $317, Taxes $5,917
Ⓧ USDA Ineligible
due to location

near Los Angeles

Back on the MARKET!

Vacant and Easy to Show!! Conveniently located in the vibrant heart of Downtown LA, this beautifully renovated one-bedroom, one-bathroom condo offers a vast and modern living space. The open floor plan showcases stunning views of the city and features some of the lowest HOA fees in the area. This is an ideal rental property for investors . Please be aware that this building is one of two that permit Airbnb use. With the Olympics and World Cup on the horizon, this presents an exceptional investment opportunity. The unit boasts soaring concrete ceilings, reminiscent of a chic Pristine York loft, with 12-foot exposed cement ceilings and two large casement windows flooding the space with natural light.Inside, you'll find stained concrete floors, stainless steel appliances and a convenient washer and dryer.

Residents can enjoy access to a range of amenities, including a rooftop pool and hot tub with breathtaking city views, a fitness center and 24-hour security. This is a fantastic opportunity to experience the best of DTLA living.Situated across from Perch and the Pershing Square Metro Station, this building is at the intersection of the Historic Core and the Financial District. Just steps away from the renowned Grand Central Market, a foodie paradise, this location truly embodies urban living at its finest. Close to the Garment District and the renowned FIDM, this building is ideal for students seeking affordable housing. Its Airbnb ptential and prime location make it particularly appealing. The unit does not include parking, but the owner pays $200 per month for Vale t VIP parking in the building. I would like to mention once more that this is one of the few buildings in Downtown that is Airbnb friendly, presenting an incredible opportunity!


Presented by Zobair Lakanwal at
THE EXECUTIVE REALTY GROUP.


Property MLS #24-415137 from TheMLSCLAW

Bedrooms: 1

Total Bathrooms: 1
Full Bathrooms: 1

Breakfast Area
Exercise Room: Yes

Laundry Facilities: In Unit, Inside
Laundry Features: In Unit, Inside

Cooling Features: Central

Furnished Description: Unfurnished
Flooring: Cement, Tile

Pool Features: Association Pool

Lot Size Acres: 0.6265611
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 27293

Garage Description: Covered Parking

View: City, City Lights, Skyline
Other Equipment: Built-Ins, Dryer, Dishwasher, Refrigerator, Range/Oven, Washer
Security Features: 24 Hour, Guarded

Assoc Barbecue
Sun Deck
Pool
Fitness Center
Onsite Property Management
Controlled Access
Picnic Area

Association: Yes
Association Fee: 317
Association Fee Frequency: Monthly
Calculated Total Monthly Association Fees: 317

Number of Units: 280

Unit Floor In Building: 10

Source Listing Status: Active
County: Los Angeles
Directions: Across Hill Street
Source Property Type: Residential
Area: Downtown L.A.
Property Subtype: condo
Source Neighborhood: Downtown L.A.
Parcel Number: 5149-002-162
Postal Code Plus 4: 1756
Zoning: LAC5
Property Subtype: Condominium
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$210,235 + $268,049
$478,284
$5,917
2021$206,113 + $262,794
$468,907
$5,833
2020$204,000 + $260,100
$464,100
$5,884
2019$200,000 + $255,000
$455,000
$5,646
2018$271,024 + $116,524
$387,548
$4,846
2017$265,710 + $114,240
$379,950
$4,707
2016$289,700 + $77,300
$367,000
$4,613
2015$262,100 + $69,900
$332,000
$4,187
2014$150,000 + $40,000
$190,000
$2,557
2013$98,700 + $42,300
$141,000
$1,961
2012$98,700 + $42,300
$141,000
$2,022
2010$100,100 + $42,900
$143,000
$2,549
2009$139,800 + $59,900
$199,700
$2,663
2009$127,400 + $54,600
$182,000
$2,663
2008$223,300 + $95,700
$319,000
$4,014
2007$282,030 + $120,870
$402,900
$4,875

Listed 2024-07-14
$415,000
TheMLSCLAW
Listing removed 2024-06-16
$0
TheMLSCLAW
Price Changed 2024-05-16
$415,000
TheMLSCLAW
Listed 2024-02-28
$399,000
TheMLSCLAW
Sold 2023-05-26
$426,000
CRMLS
Listed 2023-04-09
$389,000
CRMLS
Sold 2018-07-02
$455,000
TheMLSCLAW
Listed 2018-05-08
$475,000
SanDiegoMLS
Listed 2018-05-08
$475,000
TheMLSCLAW
Sold 2016-03-25
$372,500
TheMLSCLAW
Price Changed 2015-11-14
$372,500
TheMLSCLAW
Price Changed 2015-09-08
$379,000
TheMLSCLAW
Listed 2015-06-03
$385,000
TheMLSCLAW
Listing removed 2013-12-18
$1,700
TheMLSCLAW
Price Changed for rent 2013-12-04
$1,700
TheMLSCLAW
Price Changed for rent 2013-11-21
$1,750
TheMLSCLAW
Listed for rent 2013-10-14
$1,850
TheMLSCLAW

Total Square Feet Living: 670
Year Built: 1923
Building Name: SB Grand
Common Walls: Attached
Levels: Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 101
Structure Type: High Rise, Condominium, Attached
House Style: Modern
Year Built Source: Vendor Enhanced
Architectural Style: Modern

Ninth Street School is a public elementary school located approximately 0.9 miles away.
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Belmont Senior High School is a public high school located approximately 1.1 miles away.
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John H. Liechty Middle School is a public middle school located approximately 1.1 miles away.
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Oak Crest Academy - Los Angeles is a private middle and high school located approximately 0.4 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.