312 W 5th Street 606, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath
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312 W 5th Street 606
Los Angeles, California 90013
ACTIVE
CONDITION: EXCELLENT
1Beds
1Baths
800Sq Ft
27,293Lot Size
Property Price
LIST PRICE$406,000
EST. MARKET VALUE
$429,588
5% BelowMARKET VALUE
SUMMARY
This Live/Work Condominium represents a Strong Value Opportunity, listed at $406,000—positioned well below the $429,588 Fair Market Value by 5%. This valuation gap offers $23,588 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the unit is move-in ready with modern quartz finishes and new flooring. Its prime location in the Historic Core offers unmatched walkability to transit and dining. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile urban lifestyle.
Estimated Market Value
$429,588+$23,588 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 312 W 5th Street 606 Subject 1 bd · 1 ba · 800 sqft · $537 | $406,000* List Price | 1 | 1 | 800 | $537 | - |
A 312 W 5th Sold 1 bd · 1 ba · 650 sqft · $462 · 0.0 mi | $300,000 | 1 | 1 | 650 | $462 | 0.0 mi |
B 312 W 5th Street 719 Sold 1 bd · 1 ba · 650 sqft · $554 · 0.0 mi | $360,000 | 1 | 1 | 650 | $554 | 0.0 mi |
C 400 S Broadway 1314 Sold 1 bd · 1 ba · 903 sqft · $537 · 0.1 mi | $485,000 | 1 | 1 | 903 | $537 | 0.1 mi |
D 460 S Spring Street 1013 Sold 2 bd · 2 ba · 860 sqft · $512 · 0.1 mi | $440,206 | 2 | 2 | 860 | $512 | 0.1 mi |
E 420 S San Pedro Street 421 Active 1 bd · 1 ba · 795 sqft · $421 · 0.5 mi | $335,000 List Price | 1 | 1 | 795 | $421 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property features a very recent renovation (under 5 years) including brand new wide plank flooring, new quartz kitchen countertops, and a new quartz backsplash. The kitchen is updated with new stainless steel appliances, and the unit is in mint, move-in ready condition with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Live/Work Zoning
The property is situated in a designated Live/Work building that permits office or business use, offering exceptional flexibility for entrepreneurs and remote professionals in a central location.
- Prime Urban Walkability
Located in the heart of the Historic Core, the unit boasts immediate proximity to the Metro Redline, Grand Central Market, and iconic landmarks like The Last Bookstore, ensuring a car-free lifestyle.
- Modern Interior Upgrades
The loft features significant recent improvements, including new wide plank flooring, quartz countertops, and updated appliances, providing a move-in-ready contemporary aesthetic within a historic 1923 building.
CONSRISKS & DEFICIENCIES
- Internal Courtyard View
The unit's view is limited to the building's interior courtyard, which lacks the expansive city skyline or panoramic vistas often sought after in high-rise Downtown Los Angeles living.
- Negative Price Appreciation
The current list price of $406,000 is approximately 5.5% lower than the property's 2020 sale price of $430,000, suggesting a recent decline in market value for this specific unit.
About 312 W 5th Street 606
800sf loft in the heart of Downtown LA. Live/Work building, office or business use OK. The expansive space is bright and airy with large windows, 12 ft. ceilings. Brand new wide plank flooring. An open floor plan kitchen w/ new quartz kitchen countertops, an expanded breakfast area plus quartz backsplash. New dishwasher & microwave. Washer and dryer in unit. A private bedroom area away from the living area, and private balcony. Secured building amenities include 24 hours doorman, a rooftop pool & spa with panoramic city views, fitness center, and common areas. No need to drive, walk to the best of DTLA: in the heart of the Historic Core, right on 5th and Broadway, next to Perch, Last Bookstore, 2 blocks from Grand Central Market. Stroll to the Ace Hotel, restaurants, bars and lounges. Next to Pershing Square, the Metro Redline Station is right at building. Don't miss this opportunity to live-work and play in Downtown LA.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1923
- Lot Size
- 27,293 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $403.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 800 | 1,252.996 |
| Lot Size | 27,293 | 26,029.603 |
| Price | $406.0K | $778.5K |
| Price per sq ft | $508 | $629 |
| Built year | 1923 | 1981 |
| HOA | $403.0 | $676 |
| Days on market | 23 | 74 |
Pricing History
Listed for Sale
Oct 17, 2026
$406,000
Initial Listing
Sold
Mar 10, 2020
$430,000
Public Record
Sold
Jun 1, 2007
$338,000
Public Record