312 W 5th Street 4m, Los Angeles, California 90013, Los Angeles, 90013 - 2 bed, 1 bath
ACTIVE$449,000
312 W 5th Street 4m, Los Angeles, California 90013
2Beds
1Bath
970Sqft
27,293Lot
Year Built
2005
Close
-
List price
$449K
Original List price
$449K
Price/Sqft
$463
HOA
$327
Days on market
-
Sold On
-
MLS number
SR24181095
Home ConditionGood
Features
Excellent View: City Lights
Pool
ViewCity Lights
About this home
We found 3 Cons,5 Pros. Rank: price - $449.0K(41th), sqft - 970(50th), beds - 2(77th), baths - 1(50th).
Condition Rating
Good
The property was built in 2005, making it 19 years old, which falls within the 'Good' condition criteria. The kitchen features functional stainless steel appliances and light wood cabinetry that, while not ultra-modern, appear well-maintained and in good working order. The unit's industrial loft aesthetic, with polished concrete-style flooring and exposed ceilings, is clean and move-in ready. There are no visible signs of significant wear and tear or immediate renovation requirements in the provided images. Major systems are presumed functional and within their expected lifespan for a property of this age.
Pros & Cons
Pros
Prime Downtown Location: Situated in the vibrant C42 Downtown L.A. area, offering unparalleled access to urban amenities, entertainment, and employment opportunities.
Modern Construction: Built in 2005, the property benefits from more contemporary construction standards and infrastructure compared to older downtown buildings.
Desirable City Lights View: Features a captivating 'City Lights' view, enhancing the property's aesthetic appeal and market value.
Competitive Price Point: Listed at $449,000 for a 2-bedroom, 970 sqft unit in Downtown LA, it presents a relatively accessible entry point into the urban market.
Efficient Layout: With 970 sqft for 2 bedrooms, the unit offers a practical and comfortable living space, suitable for various lifestyles.
Cons
Single Bathroom: The presence of only one bathroom for a two-bedroom unit may pose convenience challenges for occupants and could impact resale appeal.
Monthly Association Fee: A monthly association fee of $327.0 adds a significant recurring cost to homeownership, which buyers must factor into their budget.
Urban Environment Drawbacks: While offering urban advantages, the Downtown LA location inherently comes with potential downsides such as higher noise levels, traffic congestion, and limited private outdoor space.