312 W 5th Street 406, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath

312 W 5th Street 406, Los Angeles, California 90013 home-pic-0
ACTIVE$399,000
312 W 5th Street 406, Los Angeles, California 90013
1Bed
1Bath
800Sqft
27,293Lot
Year Built
1923
Close
-
List price
$399K
Original List price
$399K
Price/Sqft
$499
HOA
$336.47
Days on market
-
Sold On
-
MLS number
SR24168564
Home ConditionFair
Features
Excellent View: None
Pool
Spa
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $399.0K(27th), sqft - 800(41th), beds - 1(50th), baths - 1(50th).

Open floor plan loft offered for sale for the first time! Modern open loft with fantastic urban industrial character on Broadway in the Historic Core. High concrete ceilings and large original window allows for great natural light. Polished concrete floors throughout and kitchen boasts solid wood cabinets, stainless steel appliances and granite counters. Bathroom has washer/dryer hookups in unit and oversized soaking tub. Situated just minutes walk from The Bloc, Grand Central Market, Ralphs, Whole Foods, Staples Center/L.A. Live and the best dining and nightlife Downtown LA has to offer. The new Apple store is opening right up the street and the new Broadway Streetcar will pass right next to the building. Building has some of the lowest HOA dues in Downtown LA and you get incredible value for what you pay; 24-hr security front desk concierge, fitness room, rooftop pool, hot tub and rooftop lounge area with amazing panoramic views of the Downtown Los Angeles skyline. Valet or self parking available onsite for $300/month per space. No pet restrictions and Airbnb permitted!

Condition Rating
Fair

The property was built in 1923, but the description mentions a modern open loft with stainless steel appliances, granite counters, and polished concrete floors. The images confirm these features. While the kitchen and bathroom appear updated, the age of the building suggests that it has been renovated between 15 to 30 years ago. Therefore, it requires minor updates or repairs.
Pros & Cons

Pros

Prime Location: Located in the Historic Core of Downtown LA, within walking distance to key attractions like The Bloc, Grand Central Market, and L.A. Live, offering convenient access to dining, entertainment, and shopping.
Unique Loft Features: Features a modern, open loft layout with high concrete ceilings, large original windows providing ample natural light, polished concrete floors, and a remodeled kitchen with stainless steel appliances.
Attractive Amenities & Low HOA Dues: Building offers 24-hr security, fitness room, rooftop pool, hot tub, and lounge area with panoramic city views, all while maintaining some of the lowest HOA dues in Downtown LA.

Cons

Age of Building: Built in 1923, the building may require ongoing maintenance and potential upgrades due to its age.
Parking Cost: Parking is available onsite but at an additional cost of $300/month per space, which may be a deterrent for some buyers.

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