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312 W 5th 907, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath

312 W 5th 907, Los Angeles, California 90013 home-pic-0
ACTIVE$420,000$860/sqft
312 W 5th 907, Los Angeles, California 90013
1Bed
1Bath
860Sqft
27,293Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Downtown Location: Situated in the heart of Downtown LA's Historic Core, offering unparalleled access to cultural landmarks, dining, shopping, and major freeways.
Top Cons:
Limited Space/Bedroom Count: A 1-bedroom, 1-bath unit, which may not cater to buyers requiring more living space or additional bedrooms.

Compared to the nearby listings

Price:$420.0K vs avg $540.0K ($-120,000)38%
Size:860 sqft vs avg 1,031 sqft38%
Price/sqft:$488 vs avg $54329%

More Insights

Built in 1923 (103 years old).
Condition: This loft is in good condition, offering a move-in ready experience. The kitchen has been recently remodeled with modern cabinets, quartz countertops, a stylish gold faucet, and contemporary appliances, aligning with excellent standards. The main living areas feature clean, light-colored laminate flooring and modern light fixtures. While the bathroom is clean and functional, its vanity style and tile work appear to be from an older renovation (likely 15-20 years ago), not as recent as the kitchen, preventing an 'Excellent' rating. The property benefits from a historic building with well-maintained, resort-style amenities and functional wall-mounted air conditioning. Overall, it's a well-maintained unit with significant updates, but not a full, top-to-bottom recent renovation.
Year Built
1923
Close
-
List price
$420K
Original List price
$420K
Price/Sqft
$488
HOA
$341.68
Days on market
-
Sold On
-
MLS number
SR25279372
Home ConditionGood
Features
Excellent View: City Lights
ViewCity Lights

About this home

Welcome to this stunning high ceiling loft on the ninth floor of the iconic building at 312 W 5th St, located in the heart of Downtown Los Angeles’ Historic Core. This light filled residence features soaring ceilings, an open floor plan, a recently remodeled kitchen with all appliances included, and expansive city views that capture the true essence of urban living. The loft includes air conditioning and a spacious layout ideal for both comfortable living and entertaining. The building is Airbnb and short term rental friendly, making this unit a strong income generating opportunity for investors seeking flexible use and cash flow potential. Residents enjoy resort style amenities including a rooftop pool and spa, lounge areas, fitness center, 24 hour security, and concierge services. The rooftop offers breathtaking 360 degree panoramic views of the Downtown Los Angeles skyline. Perfectly situated near Little Tokyo, the Arts District, and the Toy District, with easy access to the 10, 110, and 101 freeways. Enjoy close proximity to the Downtown farmers market, Disney Concert Hall, LA Live, and Crypto.com Arena, along with an array of dining, shopping, and cultural attractions. This loft presents an excellent opportunity for owner occupants or investors seeking a prime Downtown Los Angeles property with strong appeal, flexibility, and income potential.

N
Nesrin Karam
Listing Agent

Price History

Date
Event
Price
01/24/23
Sold
$318,000
09/25/08
Sold
$254,000
Condition Rating
Good
This loft is in good condition, offering a move-in ready experience. The kitchen has been recently remodeled with modern cabinets, quartz countertops, a stylish gold faucet, and contemporary appliances, aligning with excellent standards. The main living areas feature clean, light-colored laminate flooring and modern light fixtures. While the bathroom is clean and functional, its vanity style and tile work appear to be from an older renovation (likely 15-20 years ago), not as recent as the kitchen, preventing an 'Excellent' rating. The property benefits from a historic building with well-maintained, resort-style amenities and functional wall-mounted air conditioning. Overall, it's a well-maintained unit with significant updates, but not a full, top-to-bottom recent renovation.
Pros & Cons

Pros

Prime Downtown Location: Situated in the heart of Downtown LA's Historic Core, offering unparalleled access to cultural landmarks, dining, shopping, and major freeways.
Strong Income Potential: Airbnb and short-term rental friendly, presenting a significant opportunity for investors seeking flexible use and cash flow.
Luxury Building Amenities: Features resort-style amenities including a rooftop pool, spa, fitness center, 24-hour security, and concierge services.
Modern Loft Living: Boasts high ceilings, an open floor plan, a recently remodeled kitchen, air conditioning, and expansive city views.
Iconic Building & Views: Located in an iconic 1923 building with historical character, complemented by breathtaking 360-degree panoramic rooftop views of the DTLA skyline.

Cons

Limited Space/Bedroom Count: A 1-bedroom, 1-bath unit, which may not cater to buyers requiring more living space or additional bedrooms.
Urban Environment Challenges: Downtown living can entail exposure to urban noise, traffic, and the general density associated with a major metropolitan area.
Monthly Association Fees: The recurring monthly association fee of $341.68 adds to the overall cost of ownership.
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