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312 W 5th Street 507, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath

312 W 5th Street 507, Los Angeles, California 90013 home-pic-0
ACTIVE$424,999
312 W 5th Street 507, Los Angeles, California 90013
1Bed
1Bath
860Sqft
27,293Lot
Year Built
1923
Close
-
List price
$425K
Original List price
$425K
Price/Sqft
$494
HOA
$341.68
Days on market
-
Sold On
-
MLS number
PF25068153
Home ConditionGood
Features
Deck
Pool
Spa
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $425.0K(36th), sqft - 860(41th), beds - 1(50th), baths - 1(50th).

Property qualifies up to $13,095 in lender credit for interest rate buy down. Experience the best of Downtown LA living in this stunning high-ceiling loft at SB Lofts! Designed with a modern industrial aesthetic, this serene and sun-drenched space is ideal for a work-from-home lifestyle. Featuring expansive windows, a semi-private interior-facing balcony, and newly restored concrete floors treated to eliminate harmful VOCs, the unit blends style with thoughtful wellness. The open-concept kitchen is equipped with sleek modern cabinetry, stainless steel appliances, and granite countertops. This particular unit enjoys one of the most desirable locations in the complex—offering reduced noise levels, abundant natural light, a private balcony, and consistently cool temperatures throughout the year. Additional highlights include a spacious bathroom with an oversized soaking tub and in-unit stackable laundry, plus versatile bonus space perfect for a home office, yoga studio, or guest accommodations. The low HOA provides access to premium amenities including a rooftop pool, spa, gym, shared workspaces, and a resident lounge. $300/month for valet and $350/month for reserved parking. (Title Reflects 1 Bed | 1 Bath)

Price History

Date
Event
Price
02/20/20
Sold
$440,000
09/08/09
Sold
$120,000
05/15/08
Sold
$391,000
Condition Rating
Good
This loft, while in a building built in 1923, has clearly undergone significant renovations, making it move-in ready. The light wood-look laminate flooring appears new or very well-maintained throughout. The kitchen features stainless steel appliances and granite countertops, which are functional and presentable, though the wood-tone cabinetry is not 'sleek modern' as described and suggests a renovation that is likely 5-15 years old rather than brand new. The bathroom is clean, spacious, and includes an oversized soaking tub, with finishes that align with the kitchen's renovation timeline. All major components appear functional and well-maintained, with no immediate repairs or updates required, fitting the 'Good' condition criteria.
Pros & Cons

Pros

Prime Downtown LA Location & Loft Appeal: This high-ceiling loft is situated in a desirable Downtown LA building, offering a modern industrial aesthetic and ideal access to urban living.
Exceptional Building Amenities: The property provides access to premium amenities including a rooftop pool, spa, gym, shared workspaces, and a resident lounge, all with a relatively low HOA fee.
Optimized Unit Features: The unit benefits from a desirable interior location within the complex, offering reduced noise levels, abundant natural light, and consistently cool temperatures.
Modern & Versatile Interior: Features an open-concept kitchen with sleek modern cabinetry and stainless steel appliances, a spacious bathroom with an oversized soaking tub, in-unit laundry, and versatile bonus space.
Financial Incentive: The property qualifies for up to $13,095 in lender credit for interest rate buy-down, providing a significant financial advantage to potential buyers.

Cons

High Parking Costs: Parking incurs separate and substantial monthly fees ($300/month for valet, $350/month for reserved), significantly increasing the overall monthly housing expense.
Limited Dedicated Bedrooms: Officially a 1-bedroom unit, which may not suit buyers requiring multiple private sleeping areas, despite the presence of versatile bonus space.
Interior-Facing Balcony: The balcony is described as 'interior-facing,' which might lack the desirable city views often sought in Downtown LA properties, potentially limiting its appeal for some.

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