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312 W 5th Street 719, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath

312 W 5th Street 719, Los Angeles, California 90013 home-pic-0
ACTIVE$395,000
312 W 5th Street 719, Los Angeles, California 90013
1Bed
1Bath
650Sqft
27,293Lot
Year Built
1923
Close
-
List price
$395K
Original List price
$395K
Price/Sqft
$608
HOA
$314.73
Days on market
-
Sold On
-
MLS number
25510641
Home ConditionExcellent
Features
Excellent View: City Lights
Pool
Spa
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $395.0K(27th), sqft - 650(14th), beds - 1(50th), baths - 1(50th).

DTLA killer investment or a perfect primary! A turnkey, fully furnished property with short-term & long-term rental opportunities. Centrally located ShyBary Lofts unit. You will love the building's stunning architecture, rooftop pool, and hot tub with stunning city and mountain views. There is also a fitness center, BBQ area, and 24-hour security. The urban sanctuary comes fully furnished. The 1-bedroom loft features an airy, industrial-chic design with high beam ceilings. The spacious bedroom offers ample storage, while the modern kitchen boasts natural light, ample cabinets, generous counter space, and a dishwasher. Enjoy the sundrenched living area with ceiling-to-floor original windows. The unit has the convenience of an in-unit washer and dryer. Located next to Pershing Square, just a block from Grand Central Market and the metro, this loft offers unbeatable access to LA's best dining, shopping, and entertainment in the Arts District. Don't miss this prime opportunity to own a stylish, move-in-ready loft in the heart of Downtown LA! This building is short-term rental approved and Airbnb-ready. Get ready for the 2028 Olympics with this investment opportunity.

Price History

Date
Event
Price
03/28/18
Sold
$452,000
12/24/08
Sold
$199,000
10/12/05
Sold
$380,000
Condition Rating
Excellent
Despite the building's 1923 construction, the unit has clearly undergone a comprehensive and recent renovation, transforming it into a modern, industrial-chic loft. The kitchen features new-looking turquoise cabinetry, white countertops, subway tile backsplash, and stainless steel appliances, aligning with current quality standards. The bathroom is clean, functional, and well-maintained with white subway tile. The dark concrete flooring, high beam ceilings, and large original windows are consistent with the modern loft aesthetic. The property is described as 'turnkey' and 'move-in ready,' indicating minimal physical depreciation and no deferred maintenance, suggesting an extensive renovation within the last 5 years.
Pros & Cons

Pros

Exceptional Investment Potential: The property is explicitly marketed as a 'killer investment' with approved short-term and long-term rental opportunities, being 'Airbnb-ready' and positioned for the 2028 Olympics, indicating strong income and appreciation potential.
Prime Downtown LA Location: Centrally located next to Pershing Square, a block from Grand Central Market and the metro, offering unbeatable access to LA's best dining, shopping, and entertainment in the Arts District.
Turnkey & Fully Furnished: The unit is offered as a 'turnkey, fully furnished property,' making it move-in ready for a primary resident or immediately rentable for an investor, reducing initial setup costs and effort.
Premium Building Amenities: The ShyBary Lofts building boasts a rooftop pool, hot tub with city and mountain views, a fitness center, BBQ area, and 24-hour security, enhancing lifestyle and rental appeal.
Stylish Industrial-Chic Design & Features: Features an airy, industrial-chic design with high beam ceilings, ceiling-to-floor original windows for ample natural light, a modern kitchen, and the convenience of an in-unit washer and dryer.

Cons

Compact Living Space: With 1 bedroom, 1 bathroom, and 650 sqft, the unit offers limited living space, which may not appeal to buyers seeking more room or accommodating larger households.
Ongoing Monthly Association Fees: The property incurs a monthly association fee of $314.73, adding a recurring cost to ownership that can impact affordability for some buyers.
Potential for Urban Noise and Congestion: Located in the heart of Downtown LA next to Pershing Square, the property is situated in a high-density urban environment, which may entail significant street noise, traffic, and a lack of private outdoor space, potentially not suiting all lifestyles.

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