312 W 5th Street 917, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath
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Los Angeles, California 90013
This Modernized Historic DTLA Condo is listed at $389,000, positioned accurately alongside its $384,123 Fair Market Value. Boasting a Condition Rating of 2, the interior features a recently renovated kitchen, soaring ceilings, and panoramic city views. The building offers elite amenities, including a rooftop pool and spa and 24-hour security. Uniquely, the association permits Airbnb and short-term rentals, providing a high-yield income stream in a high-demand urban core. Due to specific financing restrictions, this is a premier opportunity for Short-Term Rental Investors or Cash Buyers seeking a turnkey asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 312 W 5th Street 917 Subject | $389,000* List Price | 1 | 1 | 770 | $499 | - |
A 312 W 5th Street 519 Sold | $305,000 | 1 | 1 | 650 | $469 | 0.0 mi |
B 420 S San Pedro Street 422 Sold | $355,000 | 0 | 1 | 750 | $473 | 0.5 mi |
C 460 S Spring Street 813 Sold | $450,000 | 1 | 2 | 860 | $523 | 0.1 mi |
D 420 S San Pedro Street 309 Sold | $400,000 | 0 | 1 | 870 | $460 | 0.5 mi |
E 312 W 5th Street 1003 Active | $420,000 List Price | 1 | 1 | 830 | $506 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the building dates to 1923, the unit itself features a recently renovated kitchen with modern white shaker cabinets, stone countertops, and stainless steel appliances. The bathroom is updated with contemporary fixtures and includes a modern in-unit washer/dryer stack. The overall interior condition is mint and move-in ready, fitting the criteria for a renovation completed within the last 5 years.
The property allows for Airbnb and short-term rentals, making it a rare and highly desirable opportunity for investors seeking high-yield income in the heart of Downtown Los Angeles.
Residents enjoy a comprehensive luxury lifestyle with 24-hour security, a fitness center, and a rooftop pool, spa, and lounge area offering panoramic city views.
This 1923 unit combines historic architectural elements like soaring high ceilings with modern upgrades, including a recently renovated kitchen and in-unit laundry.
The property is limited to cash or hard money loans only, as it does not qualify for FHA, Conventional, or Non-QM financing, significantly narrowing the pool of potential buyers.
While valet parking is available, it requires an additional fee, which increases the monthly carrying costs beyond the standard HOA dues and mortgage payments.
Welcome to your ideal Downtown Los Angeles retreat where location, lifestyle, and comfort come together seamlessly. This true one-bedroom condo offers privacy, paired with an open, airy feel thanks to soaring high ceilings and abundant natural light. Step inside and immediately appreciate the light and bright interior, complemented by beautiful city views that capture the energy of DTLA. The recently renovated kitchen is both stylish and functional, perfect for everyday living or entertaining. Enjoy the convenience of in-unit laundry, plus additional community laundry facilities for added flexibility. The building offers exceptional amenities and peace of mind, including: 24-hour on-site security desk & controlled access, rooftop pool, spa, and lounge with stunning views. Fully equipped fitness center. Underground valet parking is available for an additional charge. Experience convenience, security, and vibrant city living all in one place. With Airbnb and short term rentals allowed, this home is perfect as a primary residence or income property. Located next to Pershing Square, you're in the heart of it all just moments from top restaurants, cafes, nightlife, and entertainment. This is true urban living at its best. CASH OR HARD MONEY LOANS ONLY WILL QUALIFY. VA Loan Possibly. FHA, Conventional, and Non QM Loans will not qualify.
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 | 770 | 1,085.5 | 23% |
| Lot Size | 27,293 | 33,543.5 | 45% |
| Price | $389.0K | $642.5K | 18% |
| Price per sq ft | $505 | $600 | 27% |
| Built year | 1923 | 1923 | 50% |
| HOA | $337.33 | $660 | 18% |
| Days on market | 9 | 223 | 5% |
Apr 23, 2026
$389,000
Initial Listing
Oct 7, 2016
$450,000
Public Record
Mar 10, 2006
$450,000
Public Record