312 W 5th Street 1124, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath
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Los Angeles, California 90013
This Turnkey Corner Loft is a Strong Value Opportunity, listed at $295,000—positioned well below the $331,215 Fair Market Value by 10%. This valuation gap offers $36,215 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 3, the unit is fully furnished and HOA-approved for short-term rentals (Airbnb), providing immediate income potential. Featuring panoramic city and mountain views and a rooftop pool, this historic asset combines urban lifestyle with high-yield investment security. It is an ideal acquisition for Short-Term Rental Investors or urban professionals.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 312 W 5th Street 1124 Subject | $295,000* List Price | 1 | 1 | 470 | $705 | - |
A 312 W 5th Street 626 Sold | $355,000 | 1 | 1 | 520 | $683 | - |
B 460 S Spring Street 1008 Active | $369,000 List Price | 0 | 1 | 510 | $724 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This property is a turnkey, move-in ready corner loft that successfully blends historic industrial charm with modern upgrades. While the building dates to 1923, the unit features updated flooring, a sleek modern kitchen with contemporary appliances (including a dishwasher), and an in-unit stackable washer/dryer. The bathroom is well-appointed with an extra-large soaking tub. The interior shows minimal wear and tear, and the 'move-in ready' status for short-term rentals indicates that all major systems and fixtures are functional and meet current market standards without the need for immediate renovation.
The property is HOA-approved for Airbnb and short-term rentals, providing a rare and high-demand investment opportunity with significant income potential in the Downtown LA market.
This corner loft is sold fully furnished with modern upgrades, including a sleek kitchen and in-unit laundry, making it an immediate revenue-generating asset or move-in ready residence.
Located in the heart of the Historic Core, the unit offers exceptional walkability to iconic landmarks like Grand Central Market, Pershing Square, and major transit hubs.
At only 470 square feet, the compact L-shaped studio layout may limit appeal for long-term residents or buyers seeking more traditional partitioned living spaces.
The lack of deeded parking requires residents to rent spaces separately, which adds to monthly carrying costs and can be a deterrent for future resale value in a car-dependent city.
Prime Downtown Los Angeles Investment Opportunity, Airbnb & Short-Term Rental Approved. Iconic SB Grand Lofts (Shybary Grand), Unit 1124: a turnkey, fully furnished corner loft blending historic industrial charm with modern upgrades. This 11th-floor L-shaped open-plan unit features high ceilings, abundant natural light from a private light-well, corrugated metal ceilings, updated flooring, a sleek, modern kitchen with contemporary appliances and a dishwasher, in-unit stackable washer/dryer, extra-large soaking tub, private balcony, plus stunning panoramic rooftop views of the skyline and mountains. Resort-style amenities include a stunning rooftop pool, lounges, and BBQ areas with sweeping city and mountain vistas, a mezzanine gym, 24/7 security, and optional valet/subterranean parking (rentable, non-deeded). Steps from Pershing Square, Grand Central Market, Restaurant Row, Whole Foods, and Metro. In the heart of the Historic Core, you're surrounded by top dining, arts, entertainment, shopping, cultural venues, and quick access to Beach Cities, LAX, and major tech/entertainment hubs. HOA-approved for short-term rentals (including Airbnb), offering strong income potential amid the city's ongoing growth and the pre-2028 Olympic Games boom. Move-in ready as a stylish primary residence or high-demand investment, your urban lifestyle awaits. A great place to call home!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 470 | 1,110 | 4% |
| Lot Size | 27,293 | 33,543.5 | 46% |
| Price | $295.0K | $642.5K | 4% |
| Price per sq ft | $628 | $600 | 58% |
| Built year | 1923 | 1923 | 50% |
| HOA | $313.0 | $714 | 12% |
| Days on market | 40 | 234 | 4% |
Mar 13, 2026
$295,000
Initial Listing
May 7, 2021
$344,000
Public Record
May 10, 2010
$130,000
Public Record
Feb 22, 2006
$310,000
Public Record