
Los Angeles, California 90013
This Strong Value Opportunity is a 1-bedroom loft listed at $399,999, positioned slightly above the $368,787 Fair Market Value. Despite the premium, the property offers a proven track record as a high-demand Airbnb Superhost asset. Featuring a Condition Rating of 3, the unit includes high ceilings, in-home laundry, and access to a rooftop pool and gym. Its location next to the Pershing Square Metro provides a car-free lifestyle, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a strategic DTLA foothold.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 312 W 5th Street 625 Subject | $399,999* List Price | 1 | 1 | 710 | $519 | - |
A 312 W 5th Sold | $300,000 | 1 | 1 | 650 | $462 | 0.0 mi |
B 312 W 5th Street 719 Sold | $360,000 | 1 | 1 | 650 | $554 | 0.0 mi |
C 312 W 5th Street 519 Sold | $305,000 | 1 | 1 | 650 | $469 | 0.0 mi |
D 460 S Spring Street 1013 Sold | $440,206 | 2 | 2 | 860 | $512 | 0.1 mi |
E 312 W 5th 907 Active | $420,000 List Price | 1 | 1 | 860 | $488 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although the building was originally constructed in 1923, this loft conversion features systems and finishes that appear to date from the mid-2000s residential conversion (approx. 20 years old). The unit is well-maintained and in move-in ready condition with functional stainless steel appliances, laminate flooring, and updated electrical/plumbing typical of an adaptive reuse project.
Situated directly next to the Pershing Square Metro station in the heart of DTLA, the property offers unparalleled access to the city's transit system and major job centers, facilitating a convenient car-free lifestyle.
The loft has a successful track record as an Airbnb Superhost property, benefiting from high demand for short-term rentals driven by year-round conferences, sports events at LA Live, and the upcoming 2028 Olympics.
At approximately $390 per month, the HOA fee is remarkably low for Downtown Los Angeles, yet still provides premium amenities including 24-hour security, a rooftop pool, a gymnasium, and several included utilities.
Parking and private storage are not included in the list price or HOA fees, requiring residents to pay additional monthly premiums which increases the overall cost of occupancy.
As a structure built in 1923, the property may lack the modern soundproofing, insulation, and updated infrastructure found in newer luxury developments, potentially leading to higher long-term maintenance needs.
Exceptional loft for sale in the heart of Downtown Los Angeles at the SB Grand with well placed living spaces, vistas to the East and designed for comfortably enjoying a relaxed lifestyle with in-home laundry, plentiful storage and direct access to the Metro train systems. The current owner has enjoyed many years of living in the building along with renting the loft for short and medium term rentals and is an Airbnb Superhost, benefiting from steady demand driven by recent World Cup matches, year-round conferences, and major sports and music events at LA Live -- momentum that's expected to grow as Los Angeles prepares to host the 2028 Olympics exclusively. Located next to the Pershing Square Metro station and blocks away from incredible amenities, this 6th floor loft enjoys a large living area, private bedroom, high ceilings and move-in ready condition. The building offers amenities including a rooftop deck and pool, gymnasium, 24 hour security at the front desk and utilities including water, water heating and services. Private storage space in the basement of the building for $100/month allows additional storage. Parking available in the building for additional monthly costs or you can take advantage of the car-free lifestyle this property allows with exceptional access to the transit systems and proximity to job centers, USC, the new Downtown UCLA campus and more. The HOA fees are $390.19 per month. Can be sold fully furnished and in turnkey condition.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 710 | 1,219.385 |
| Lot Size | 27,293 | 27,236.074 |
| Price | $400.0K | $800.2K |
| Price per sq ft | $563 | $650 |
| Built year | 1923 | 1979 |
| HOA | $390.19 | $685 |
| Days on market | 49 | 72 |
Jul 22, 2026
$399,999
Initial Listing
Sep 1, 2011
$170,000
Public Record
Sep 28, 2005
$395,000
Public Record