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312 W 5th Street 218, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath

312 W 5th Street 218, Los Angeles, California 90013 home-pic-0
ACTIVE$539,000
312 W 5th Street 218, Los Angeles, California 90013
1Bed
1Bath
1,140Sqft
27,293Lot
Year Built
1923
Close
-
List price
$539K
Original List price
$539K
Price/Sqft
$473
HOA
$403.37
Days on market
-
Sold On
-
MLS number
25597035
Home ConditionGood
Features
Good View: City Lights
Deck
Pool
Spa
ViewCity Lights

About this home

Great Deal:The estimated price is 4% above the list price. We found 3 Cons,5 Pros. Rank: price - $539.0K(45th), sqft - 1140(55th), beds - 1(50th), baths - 1(50th).

Discover downtown living in this large 1-bedroom, 1-bathroom corner loft at 312 West 5th Street, Unit 218 of the Shybary Grand. With 1,140 square feet, this home offers high ceilings, concrete floors, and stainless steel appliances, plus in-unit laundry. The building offers a low monthly HOA fee and amenities which include a rooftop pool, gym, front desk concierge, and the ability to short-term rent your condo on sites such as Airbnb or VRBO. Parking is also available in the building for an additional fee. The Shybary Grand is located near the Pershing Square Metro Station, making it your gateway to the rest of Los Angeles and all that this city has to offer.

Price History

Date
Event
Price
09/25/25
Listing
$539,000
12/22/10
Sold
$240,000
10/20/08
Sold
$325,000
11/01/06
Sold
$615,000
Condition Rating
Good
This loft unit is move-in ready and well-maintained, fitting the 'Good' category. While the building was constructed in 1923, the unit presents as an extensively renovated loft. The kitchen features stainless steel appliances (though some are black, and the fridge appears standard rather than high-end), functional wood cabinets, and stainless steel countertops, all in good, clean condition. The bathroom is clean and functional, but the tile pattern with the red border appears somewhat dated, suggesting the last renovation was likely 10-15 years ago rather than more recent. The concrete floors and exposed ceilings are consistent with the industrial loft aesthetic and are well-maintained. No immediate renovations are required, though a buyer might consider cosmetic updates to the bathroom for a more contemporary feel.
Pros & Cons

Pros

Prime Downtown Location & Transit Access: Situated in the heart of Downtown Los Angeles, this property offers excellent urban living and immediate access to the Pershing Square Metro Station, providing convenient connectivity to the wider city.
Exceptional Building Amenities: The Shybary Grand building provides a luxurious lifestyle with a rooftop pool, gym, and front desk concierge, significantly enhancing resident experience and property value.
High Income-Generating Potential: The unique allowance for short-term rentals (Airbnb/VRBO) offers a significant opportunity for investors to generate substantial rental income, making it an attractive investment.
Spacious & Modern Loft Design: A generous 1,140 sqft 1-bedroom corner loft featuring high ceilings, concrete floors, stainless steel appliances, and in-unit laundry, appealing to modern urban dwellers seeking ample space.
Attractive Pricing & Low HOA: Listed below its estimated market value ($539,000 vs. $560,745) combined with a relatively low HOA fee ($403.37) for the extensive amenities, presenting strong financial appeal.

Cons

Additional Parking Cost: Parking is not included with the unit and requires an additional fee, which can be a significant ongoing expense in a downtown location and a potential deterrent for some buyers.
Limited Bedroom Count: As a 1-bedroom unit, its appeal is restricted to singles or couples, potentially limiting the buyer pool compared to properties with more bedrooms.
Potential for Urban Noise/Congestion: Located in a bustling downtown area, residents may experience higher levels of urban noise and traffic congestion, which could be a drawback for those seeking a quieter environment.

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