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312 W 5th Street 1003, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath

312 W 5th Street 1003, Los Angeles, California 90013 home-pic-0
ACTIVE$448,000
312 W 5th Street 1003, Los Angeles, California 90013
1Bed
1Bath
830Sqft
27,293Lot
Year Built
1923
Close
-
List price
$448K
Original List price
$498K
Price/Sqft
$540
HOA
$344
Days on market
-
Sold On
-
MLS number
SR24179964
Home ConditionExcellent
Features
Excellent View: City Lights, Neighborhood, Panoramic
ViewCity Lights,Neighborhood,Panoramic

About this home

We found 3 Cons,5 Pros. Rank: price - $448.0K(41th), sqft - 830(41th), beds - 1(50th), baths - 1(50th).

Enjoy a stylish experience at this centrally-located place. This spacious high floor (10th floor) condo in the heart of DTLA's Historic Core has a high ceiling industrial style living room. Upon entry, this condo features views of Pershing Square and the Downtown LA skyline. The kitchen features quartz countertop and stainless-steel appliances. The bathroom offers an oversized soaking tub and stackable washer/dryer. The building provides 24-hr security, front-desk concierge, fitness room, rooftop pool, hot tub and rooftop lounge area with panoramic views of the Downtown Los Angeles. Located within walking distance to the Perch, Le Petit Paris, Pez Cantina, Dragon Centro, 71Above, L.A. Café, Little sister, Bottega Louie, Le Grand & etc. Furniture and electronics can be offered for sale.

Price History

Date
Event
Price
05/11/22
Sold
$410,000
08/20/09
Sold
$199,000
01/26/06
Sold
$470,000
Condition Rating
Excellent
Despite the building's 1923 construction, the unit has undergone an extensive and high-quality recent renovation. The kitchen features modern flat-panel cabinetry, quartz countertops, and stainless-steel appliances, all appearing virtually new. The bathroom boasts an oversized soaking tub, contemporary tiling, a modern vanity with a vessel sink, and an in-unit stackable washer/dryer. Throughout the unit, the 'industrial style' with high ceilings, exposed ductwork, modern track lighting, and polished concrete-style flooring indicates a comprehensive and stylish update, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Prime DTLA Location: Centrally located in the heart of DTLA's Historic Core, offering unparalleled walkability to numerous acclaimed restaurants, entertainment venues, and cultural attractions.
Exceptional Building Amenities: The building provides a comprehensive suite of luxury amenities including 24-hr security, front-desk concierge, a fitness room, rooftop pool, hot tub, and a rooftop lounge with panoramic city views.
Modern & Stylish Interior: The condo features a high-ceiling industrial-style living room, an updated kitchen with quartz countertops and stainless-steel appliances, an oversized soaking tub, and in-unit stackable washer/dryer.
Desirable Views & High Floor: Situated on the 10th floor, the unit offers appealing views of Pershing Square and the Downtown LA skyline, enhancing the living experience.
Value Proposition: The property has seen a significant price reduction from its original list price, potentially offering a more attractive entry point for buyers in the current market.

Cons

Potential for Urban Noise: Given its central location in the bustling Historic Core and overlooking Pershing Square, the unit may be subject to significant urban noise from traffic, events, and surrounding nightlife.
Parking Not Explicitly Included: The listing does not specify if dedicated parking is included with the unit, which is a crucial consideration and potential additional expense for residents in downtown Los Angeles.
Limited Private Outdoor Space: As a high-floor condo, there is no mention of a private balcony or patio, which some buyers may desire for personal outdoor enjoyment or relaxation.

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