RealKey
‪(213) 433-7766‬

312 W 5th Street 1122, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath

312 W 5th Street 1122, Los Angeles, California 90013 home-pic-0
ACTIVE$499,000
312 W 5th Street 1122, Los Angeles, California 90013
1Bed
1Bath
670Sqft
27,293Lot
Year Built
1923
Close
-
List price
$499K
Original List price
$499K
Price/Sqft
$745
HOA
$329
Days on market
-
Sold On
-
MLS number
CV25088685
Home ConditionExcellent
Features
Excellent View: City Lights
Deck
Pool
Spa
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $499.0K(41th), sqft - 670(18th), beds - 1(50th), baths - 1(50th).

Fantastic views of DTLA!! Spacious industrial-modern 1+1 condo located at the corner of 5th & Broadway, steps from Pershing Square metro station and the financial district. The Beaux-Arts architecture style building has no pet restrictions and short-term rentals are permitted making it a great investment since is walking distance to mayor LA landmarks like, museums, galleries, libraries, the best restaurants in LA, Crypto arena, Grand Central Market, Arts District, USC main campus and new UCLA Downtown campus, etc. This 15-foot ceiling loft has one of the lowest HOA fees in the area. Includes a balcony, a fully renovated bathroom, new washer & dryer, renovated kitchen with new energy efficient stainless steel appliances, new LED light fixtures all over, new floors, and ALL furniture is included, a true turn-key gem located in prime location. 24-hour security front desk concierge, gym, rooftop pool & hot tub with panoramic views!!

Price History

Date
Event
Price
05/20/22
Sold
$440,000
11/01/05
Sold
$400,000
Condition Rating
Excellent
Despite being built in 1923, the property has undergone a comprehensive and recent renovation. The description explicitly states 'fully renovated bathroom, new washer & dryer, renovated kitchen with new energy efficient stainless steel appliances, new LED light fixtures all over, new floors.' The images confirm this, showcasing a modern, industrial-chic aesthetic with new two-tone kitchen cabinets, stainless steel appliances, stylish backsplash, and a fully updated bathroom with contemporary fixtures and tiling. All components appear new or virtually new, meeting current quality standards and requiring no immediate maintenance, making it a turn-key property.
Pros & Cons

Pros

Exceptional Downtown LA Location & Accessibility: Steps from Pershing Square metro station and the financial district, with walking distance to numerous major LA landmarks, entertainment venues (Crypto Arena), and educational institutions (USC, new UCLA Downtown campus).
Strong Investment & Lifestyle Flexibility: Permitted short-term rentals and no pet restrictions make this a highly attractive option for investors seeking rental income or individuals desiring flexible urban living, further enhanced by being a turn-key, fully furnished unit.
Extensive Modern Renovations & Turn-key Condition: The condo boasts a fully renovated bathroom, a renovated kitchen with new energy-efficient stainless steel appliances, new washer/dryer, new LED light fixtures, and new floors throughout, plus all furniture is included, offering immediate move-in readiness.
Premium Building Amenities & Security: Residents benefit from a 24-hour security front desk concierge, a well-equipped gym, and a rooftop pool & hot tub with panoramic city views, providing a luxurious and secure living experience.
Unique Architectural Character & Financial Benefit: Housed in a historic Beaux-Arts style building, the unit features impressive 15-foot ceilings, offering a distinctive industrial-modern loft aesthetic, complemented by one of the lowest HOA fees in the area.

Cons

Compact Living Space: At 670 sqft, despite the high ceilings, the unit offers a relatively compact footprint for a 1-bedroom, which may not suit buyers desiring more expansive living areas.
Potential for Urban Noise & Congestion: Located at the busy corner of 5th & Broadway in prime DTLA, the property may be subject to significant street noise and the general congestion associated with dense urban environments.
Lack of Dedicated Parking (Implied): The listing does not explicitly mention dedicated parking, which is a common challenge and potential additional expense for residents in older downtown Los Angeles buildings.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state