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312 W 5th Street 1121, Los Angeles, California 90013, Los Angeles, 90013 - bed, 1 bath

312 W 5th Street 1121, Los Angeles, California 90013 home-pic-0
ACTIVE$365,000
312 W 5th Street 1121, Los Angeles, California 90013
0Bed
1Bath
500Sqft
27,293Lot
Year Built
1923
Close
-
List price
$365K
Original List price
$365K
Price/Sqft
$730
HOA
$279.09
Days on market
-
Sold On
-
MLS number
SB25027271
Home ConditionGood
Features
Excellent View: Courtyard
Deck
Pool
Spa
Patio
ViewCourtyard

About this home

We found 3 Cons,5 Pros. Rank: price - $365.0K(27th), sqft - 500(14th), beds - undefined(32th), baths - 1(50th).

Live the best DTLA life at Shybary Grand Lofts located at the corner of 5th and Broadway and across Pershing Square. Short-term rentals like Airbnb are permitted at the 1920's Beaux-Arts architecture style building making it an even greater investment! Low monthly HOA of $279! This studio loft on the 11th floor (2nd to highest floor) features soaring 15-foot ceilings with exposed beams, a full-sized bathroom, stainless steel appliances, and a private balcony. Studio 1121 includes a washer/dryer combo, refrigerator, dishwasher, electric stove/oven, microwave, and an oversized oval bathtub. 24-hour security/front desk concierge, rooftop plunge pool and hot tub, outdoor dining with gas grills + fire pits, gym, and a rooftop lounge area with amazing panoramic views of the DTLA skyline. Nestled in a prime location in Downtown LA, this property stands out with flexible rental options and some of the lowest HOA fees in the area, making it a rare gem for investors. With major worldwide events like the Olympics and World Cup on the horizon, its proximity to Crypto.com Arena, LA Live, and the Arts District Building ensures strong support for short-term rentals on platforms like Airbnb, Vrbo, Booking.com, and more. A short walk from the famous Grand Central Market, Metro Station, The Last Bookstore, Pershing Square, Perch LA, Bunker Hill, LA Live, 7th & Fig, Whole Foods, the Bloc, Big Man Bakes, PI LA, Kazunori, Bar Ama, Alamo Drafthouse and the best dining, shopping and nightlife DTLA has to offer. The building is VA-approved for VA financing.

Price History

Date
Event
Price
04/16/18
Sold
$350,000
02/21/08
Sold
$240,000
04/07/06
Sold
$340,000
Condition Rating
Good
This studio loft, located in a 1923 Beaux-Arts building, presents as move-in ready with no immediate renovations required. The unit features modern stainless steel appliances (refrigerator, dishwasher, electric stove/oven, microwave, W/D combo) which are a significant update. While the light wood cabinetry in the kitchen and bathroom, along with the bathroom tiling, suggest a renovation that is likely 10-15 years old rather than brand new, all components appear well-maintained and fully functional. The industrial loft aesthetic with high ceilings, exposed beams, and ductwork is consistent throughout. The flooring (hardwood/laminate and tile) is in good condition. The building's common areas and amenities (rooftop pool, lounge, lobby) are also well-maintained and updated, contributing to the overall quality. The property fits the 'Good' criteria as it's well-maintained, functional, and has updated systems/appliances, even if some cosmetic elements aren't cutting-edge modern.
Pros & Cons

Pros

Investment & Rental Flexibility: The property explicitly permits short-term rentals (Airbnb, Vrbo) and is strategically located near major event venues (Crypto.com Arena, future Olympics/World Cup), making it highly attractive for investors seeking income generation.
Prime Downtown LA Location: Offers unbeatable walkability to a vast array of DTLA attractions, including Grand Central Market, Metro Station, cultural landmarks, diverse dining, shopping, and nightlife.
Exceptional Building Amenities: Provides a comprehensive suite of luxury amenities including 24-hour security/concierge, a rooftop plunge pool, hot tub, outdoor dining with grills/fire pits, a gym, and a rooftop lounge with panoramic city views.
Low Operating Costs: Features a remarkably low monthly HOA fee of $279, significantly reducing the overall cost of ownership compared to similar properties in the area.
Unique Architectural Charm & In-Unit Features: Housed in a 1920s Beaux-Arts building, the unit boasts soaring 15-foot ceilings with exposed beams, a private balcony, and includes essential appliances (W/D combo, refrigerator, etc.), plus VA-approved financing.

Cons

Studio Configuration & Limited Square Footage: As a 500 sqft studio, the property offers limited living space, which may not appeal to buyers desiring separate rooms or more expansive accommodations.
Urban Environment Drawbacks: While a prime location, the dense DTLA setting can entail higher noise levels, traffic, and a constant bustling atmosphere that might not suit all preferences for tranquility.
Unit-Specific View: The unit's 'Courtyard' view, as specified, may lack the dynamic cityscapes or natural light typically associated with higher-floor DTLA residences, despite the building's impressive rooftop views.

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