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$399,000

Beds
1
Baths
1.0
sq ft
670

312 W 5th St Unit 1022, Los Angeles, CA 90013

312 W 5th St Unit 1022

Los Angeles, CA 90013

  • 18 days on market
Welcome to 312 W 5th St #1022, situated on the 10th floor, just beneath the penthouse level, offering breathtaking, unobstructed views of the iconic Downtown LA skyline. This extensively renovated one-bedroom, one-bathroom residence seamlessly blends contemporary design with spacious urban living. The impressive 12-foot concrete ceilings enhance the open and airy floor plan, while an abundance of natural light pours in through the oversized casement windows. The unit boasts a modern aesthetic with stained concrete floors, stainless steel appliances, and the convenience of an in-unit washer and dryer. Residents will enjoy a range of premium amenities, including a rooftop pool and hot tub with stunning panoramic city views, a fully equipped fitness center, and 24-hour security for peace of mind. Perfect for those who embrace the live/work urban lifestyle, the Metro is just a short 3-minute walk away, providing seamless access to destinations such as Santa Monica Beach, Hollywood, Universal Studios, LAX, and soon, Midtown and Beverly Hills. The Broadway corridor is experiencing a renaissance, with new shops, fantastic dining options, and much more. Located within walking distance from UCLA’s Downtown Campus, Bunker Hill, Grand Central Market, Crypto.com Arena, LA Live, and the Arts District, this location is ideal for students, young professionals, or investors looking to secure a prime property. The building’s rare AIRBNB-FRIENDLY policy adds significant value, making it an excellent investment choice. With its exceptional location, flexible rental options, and some of the lowest HOA fees in the area, this property stands out as a unique investment opportunity, with major notable events like the Olympics and the World Cup on the horizon.

Details

Property type

Condominium

Est. home value

$418,258

Lot size

0.6266 acres

Price per sq ft

$596

Year built

1923

Monthly HOA fee

$317

Price History

08/29/2024
CRMLS

CRMLS #PW24177763

Listed
$399,000
08/25/2024
CLAW

CLAW #24415137

Removed
$399,000
08/24/2024
CLAW

CLAW #24415137

Price change
$399,000
-3.86%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs

High school district: 

Los Angeles Unified

Number of units in community: 

280

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$250,856
Asking price
$399,000
Closing costs (~8% of asking)
-$31,920
Est. remaining loan balance
-$116,224
Cash to seller
$250,856

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Jmj Financial Group

Loan start date

May 2023

Original loan amount

$298,200

Est. remaining balance

$116,224

Interest rate

6.28%

Loan type

New Conventional, 2 year

Seller

Carol Hamilton

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/16/2024 at 12:15 PM

Listing updated: 08/30/2024 at 7:25 AM

Listed by: Diego Magdaleno, 1Vision Real Estate Phone #: (615) 887-5252

MLS: CRMLS #PW24177763

CRMLS logo

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