312 W 5th Street 825, Los Angeles, California 90013, Los Angeles, 90013 - 2 bed, 1 bath

312 W 5th Street 825, Los Angeles, California 90013 home-pic-0
ACTIVE$499,000
312 W 5th Street 825, Los Angeles, California 90013
2Beds
1Bath
750Sqft
27,285Lot
Year Built
1923
Close
-
List price
$499K
Original List price
$499K
Price/Sqft
$665
HOA
$325.16
Days on market
-
Sold On
-
MLS number
SR23078056
Home ConditionGood
Features
Good View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $499.0K(41th), sqft - 750(41th), beds - 2(77th), baths - 1(50th).

2 Bedroom unit! Conveniently located in the SB Grand Lofts, between Broadway and Hill Street, this 1-bedroom loft style condo is exterior facing with a great view facing north. Perched high above the hustle and bustle of 5th St., this loft offers tiled flooring and an open ceiling area to create the ambience of Downtown living, and the unit is very quiet as it shares a wall with only 1 other unit. The unit features large windows offering lots of natural light and a kitchen with stainless steel appliances. The unit has private stackable washer/dryer hookups. The location is unparalleled, situated just minutes walk from The Bloc, Grand Central market, Ralphs, Whole Foods and the best dining, shopping and nightlife Downtown LA has to offer. The 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 panoramic views of the Downtown Los Angeles skyline. Valet or self parking available onsite. No pet restrictions and Airbnb/short term rentals permitted! Great investment for anyone looking for upside potential in the next few years as property values increase downtown. Building is currently undergoing cosmetic facelift with no special assessment or increase in HOA dues required.

Condition Rating
Good

Despite the building's 1923 construction, the unit presents as move-in ready with modern updates. The kitchen features stainless steel appliances and contemporary cabinetry, while the bathroom appears clean and functional with updated fixtures. Tiled flooring throughout is consistent and well-maintained. The loft-style aesthetic with open ceilings and large windows provides a bright, modern living space. While not a brand-new build or a luxury renovation, the unit shows minimal wear and tear and does not require immediate repairs or updates, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Prime Downtown Location: Unparalleled walkability to major attractions, dining, shopping, and essential services like The Bloc, Grand Central Market, Ralphs, and Whole Foods.
Investor & Pet-Friendly Policies: Rare allowance for Airbnb/short-term rentals and no pet restrictions significantly broadens appeal for investors and pet owners.
Comprehensive Building Amenities: Features a 24-hr security concierge, fitness center, rooftop pool, hot tub, and lounge with panoramic city views, enhancing lifestyle and value.
Cost-Effective HOA & Building Upgrades: Exceptionally low HOA dues for Downtown LA, coupled with a cosmetic facelift underway with no special assessments, offers excellent value.
Quiet & Bright Unit Features: The unit benefits from abundant natural light through large windows, a modern kitchen with stainless steel appliances, in-unit laundry hookups, and enhanced privacy by sharing only one wall.

Cons

Building Age: Constructed in 1923, the building's age, despite ongoing cosmetic updates, may present potential for older infrastructure challenges or higher long-term maintenance costs.
Ambiguous Bedroom Configuration: The description's mention of a '1-bedroom loft style condo' conflicting with the '2 Bedroom unit' and 'open ceiling area' suggests a non-traditional second bedroom, potentially an open loft, which may not appeal to all buyers seeking fully enclosed spaces.
Compact Living Space: At 750 sqft for a 2-bedroom unit, the living area is relatively compact, which might be a limitation for buyers desiring more expansive personal space.

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