312 W 5th ST #705 Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90013
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 670 sqft
Price per Sqft $582
MLS Listing ID P1-23696
Bedrooms 1
Full Baths 1
Condo Fees $319
HOA Fees $319/mo
Year Built 1923
Lot Size 0.627 Acres
Property Sub-Type Condominium
Property Description
Exceptional studio loft with incredible, panoramic views of the Downtown Los Angeles Skyline from the 7th floor of the SB Grand building at 5th and Broadway. Originally built in the 1920's, the building was converted to loft style condominium homes in the early 2000s and showcases concrete floors, high ceilings, large windows, and updated amenities including in-home washer/dryer. Loft #705 has successfully rented as a premier short term rental home with the Airbnb platform for many years making this a unique opportunity to purchase a turnkey Airbnb business or to make this special space your own home. Average revenues in prior years approaching $50,000 per year. Large, loft style living with an open plan kitchen, spacious living area and the incredible light you can see in the images. Residents enjoy the rooftop deck and pool, onsite exercise room and 24 hour doorman services. Broadway restaurants and bars, hotspots like Perch, the Last Bookstore, Grand Central Market, Bunker Hill and more. Located steps from the Pershing Square Metro station and perfectly positioned to benefit from the coming investments in Downtown LA as we welcome the World Cup and Olympics in coming years.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAC5
Interior
Heating Central
Cooling Central Air
Flooring Concrete
Fireplaces Type None
Inclusions Owner is negotiable on all furnishings.
Laundry Washer Hookup,Electric Dryer Hookup,Stacked
Exterior
Parking Features None
Fence None
Pool Above Ground,Association,Community,Roof Top
Community Features Curbs,Sidewalks,Urban,Pool
Utilities Available Cable Available,Electricity Connected,Sewer Connected,Water Connected
Amenities Available Controlled Access,Electricity,Hot Water,Insurance,Management,Pet Restrictions,Pets Allowed,Trash,Water
View Y/N Yes
View City Lights,Park/Greenbelt,Landmark
Building
Lot Description Corner Lot,Sprinklers None
Dwelling Type Multi Family
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,VA Loan,VA No Loan,VA No No Loan
Listing Terms Cash,Cash to New Loan,VA Loan,VA No Loan,VA No No Loan
Special Listing Condition Standard