312 W 5th Street 1110, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath
ACTIVE$399,000
312 W 5th Street 1110, Los Angeles, California 90013
1Bed
1Bath
940Sqft
27,293Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Downtown Location: The condo boasts an exceptional location in the heart of Downtown Los Angeles, minutes from the Financial District, Historic Core, and a vibrant array of nightlife, bars, lounges, and restaurants.
Top Cons:
Historic Building Age: Built in 1923, the building's age may imply potential for higher maintenance costs, aging infrastructure, or specific historical preservation considerations.
Compared to the nearby listings
Price:$399.0K vs avg $575.0K ($-176,000)27%
Size:940 sqft vs avg 985.5 sqft50%
Price/sqft:$424 vs avg $5479%
More Insights
Built in 1923 (102 years old).
Condition: Built in 1923, this property shows signs of being aged but maintained through regular upkeep and occasional updates. The interior image displays laminate/hardwood flooring and a clean, somewhat updated aesthetic with glass block windows and an exposed ceiling, suggesting renovations likely occurred 15-30 years ago. However, without specific images or details of the kitchen and bathrooms, it's difficult to assess their current condition and style. Major systems are presumed functional but may show signs of being outdated due to the building's age. It requires minor updates or repairs to meet modern standards, particularly in key areas like the kitchen and bathrooms, which are not visible.
Year Built
1923
Close
-
List price
$399K
Original List price
$399K
Price/Sqft
$424
HOA
$365
Days on market
-
Sold On
-
MLS number
DW25157366
Home ConditionFair
Features
Good View: City Lights
Pool
ViewCity Lights
About this home
*** Location, Location, Location *** This is your chance to be in the middle of it all! This condo is minutes of the Financial District and Historic Core. The unit consists of laminate and tile flooring with spacious a floor plan. A fitness center for convenience for those that like to hit the gym. Walking distance to the Metro Redline. A roof top with an association pool with gorgeous views. Steps away to the night live, bars, lounges, and restaurants. You are literally in center of it all! Come by and take a tour! =)
Price History
Date
Event
Price
06/29/16
Sold
$416,000
04/24/08
Sold
$317,000
05/11/06
Sold
$500,000
11/01/05
Sold
$420,000
Condition Rating
Fair
Built in 1923, this property shows signs of being aged but maintained through regular upkeep and occasional updates. The interior image displays laminate/hardwood flooring and a clean, somewhat updated aesthetic with glass block windows and an exposed ceiling, suggesting renovations likely occurred 15-30 years ago. However, without specific images or details of the kitchen and bathrooms, it's difficult to assess their current condition and style. Major systems are presumed functional but may show signs of being outdated due to the building's age. It requires minor updates or repairs to meet modern standards, particularly in key areas like the kitchen and bathrooms, which are not visible.
Pros & Cons
Pros
Prime Downtown Location: The condo boasts an exceptional location in the heart of Downtown Los Angeles, minutes from the Financial District, Historic Core, and a vibrant array of nightlife, bars, lounges, and restaurants.
Excellent Transit & Walkability: Offering superior convenience, the property is within walking distance to the Metro Redline and steps away from numerous dining and entertainment options, promoting a car-free lifestyle.
Building Amenities: Residents benefit from desirable building amenities including a fitness center and a rooftop association pool, enhancing lifestyle and recreational opportunities.
Spacious Floor Plan: At 940 sqft, this 1-bedroom, 1-bath condo offers a generously sized and spacious floor plan, which is a significant advantage for a downtown unit.
Desirable City Views: The property features desirable city lights views, particularly from the rooftop pool, adding to its appeal and providing an attractive urban backdrop.
Cons
Historic Building Age: Built in 1923, the building's age may imply potential for higher maintenance costs, aging infrastructure, or specific historical preservation considerations.
Monthly Association Fees: A monthly association fee of $365 adds a recurring cost to ownership, which needs to be factored into the overall affordability.
Price Depreciation Trend: The current list price of $399,000 is lower than its 2016 sale price ($416,000) and significantly below its 2006 sale price ($500,000), indicating a potential lack of appreciation or even depreciation over time for this specific unit.