312 W 5th Street 218, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath
ACTIVE UNDER CONTRACT$539,000
312 W 5th Street 218, Los Angeles, California 90013
1Bed
1Bath
1,140Sqft
27,293Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Spacious Layout: At 1,140 square feet, this 1-bedroom, 1-bathroom corner loft offers an exceptionally large living space, a significant advantage for downtown living.
Top Cons:
Parking Not Included: Parking is available in the building for an additional fee, representing an extra ongoing cost and potential inconvenience for residents.
Compared to the nearby listings
Price:$539.0K vs avg $575.0K ($-36,000)45%
Size:1,140 sqft vs avg 1,055.5 sqft55%
Price/sqft:$473 vs avg $54723%
More Insights
Built in 1923 (102 years old).
Condition: The property, a loft in a 1923 building, features an industrial aesthetic with concrete floors and exposed ceilings which are in good condition. However, the kitchen, while having stainless steel appliances, shows older models (e.g., electric coil range) and light wood cabinets that are functional but not modern. The stainless steel countertops are a specific, somewhat dated industrial choice. The bathroom exhibits dated tile work (red accent strip) and a vanity that appears to be from a renovation likely 15-25 years ago. While move-in ready and maintained, the kitchen and bathroom finishes are outdated and would benefit from minor updates to align with current styles.
Year Built
1923
Close
-
List price
$539K
Original List price
$539K
Price/Sqft
$473
HOA
$403.37
Days on market
-
Sold On
-
MLS number
25597035
Home ConditionFair
Features
Excellent View: City Lights
Pool
Spa
ViewCity Lights
About this home
Discover downtown living in this large 1-bedroom, 1-bathroom corner loft at 312 West 5th Street, Unit 218 of the Shybary Grand. With 1,140 square feet, this home offers high ceilings, concrete floors, and stainless steel appliances, plus in-unit laundry. The building offers a low monthly HOA fee and amenities which include a rooftop pool, gym, front desk concierge, and the ability to short-term rent your condo on sites such as Airbnb or VRBO. Parking is also available in the building for an additional fee. The Shybary Grand is located near the Pershing Square Metro Station, making it your gateway to the rest of Los Angeles and all that this city has to offer.
Price History
Date
Event
Price
12/22/10
Sold
$240,000
10/20/08
Sold
$325,000
11/01/06
Sold
$615,000
Condition Rating
Fair
The property, a loft in a 1923 building, features an industrial aesthetic with concrete floors and exposed ceilings which are in good condition. However, the kitchen, while having stainless steel appliances, shows older models (e.g., electric coil range) and light wood cabinets that are functional but not modern. The stainless steel countertops are a specific, somewhat dated industrial choice. The bathroom exhibits dated tile work (red accent strip) and a vanity that appears to be from a renovation likely 15-25 years ago. While move-in ready and maintained, the kitchen and bathroom finishes are outdated and would benefit from minor updates to align with current styles.
Pros & Cons
Pros
Spacious Layout: At 1,140 square feet, this 1-bedroom, 1-bathroom corner loft offers an exceptionally large living space, a significant advantage for downtown living.
Income-Generating Potential: The building permits short-term rentals via platforms like Airbnb or VRBO, providing a valuable opportunity for passive income.
Prime Downtown Location & Transit Access: Located in downtown Los Angeles near the Pershing Square Metro Station, offering excellent connectivity and immediate access to urban amenities.
Comprehensive Building Amenities: Residents benefit from a rooftop pool, gym, and front desk concierge, enhancing lifestyle and convenience within the building.
Low HOA Fees: The monthly HOA fee of $403.37 is notably low for a downtown Los Angeles building offering such extensive amenities.
Cons
Parking Not Included: Parking is available in the building for an additional fee, representing an extra ongoing cost and potential inconvenience for residents.
Limited Bedroom Count: As a 1-bedroom unit, its appeal is primarily limited to singles or couples, potentially restricting the buyer pool.
Building Age: Constructed in 1923, the historic nature of the building may imply potential for older infrastructure or higher maintenance costs over time, despite modern updates.