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$399,000

Beds
1
Baths
1.0
sq ft
650

312 W 5th St Unit 519, Los Angeles, CA 90013

312 W 5th St Unit 519

Los Angeles, CA 90013

  • 33 days on market
Live ~ Work ~ Play DTLA. Originally built in 1923 and converted to lofts in 2004, the SB Grand is a 12 story building located at the corner of 5th and Broadway in Downtown Los Angeles. Architects Curlett and Bellman designed this Beaux Arts style building as a department store. Loft 519 offers 650 square feet of sleek downtown living in the center of the Historic Core. Some of the features include concrete flooring, high ceilings, large windows to the East bringing abundant light, and an open plan kitchen for hosting friends and family. Exterior facing home with views up and down 5th Street. Historic Fire escape balcony can be accessed for even cooler views. The bedroom area is set behind the kitchen and has a privacy that is uncommon in lofts. The kitchen boasts quartz countertops, tile backsplash, built-in microwave and plenty of storage space. In-unit stackable Bosch laundry and electric appliances included in sale. New HVAC system installed in 2023. Enjoy the sparkling rooftop pool with epic views across LA. 24-hour security guard. Located blocks from The Last Bookstore, Perch, Grand Central Market and the Broadway Theater District. Metro station next door for unparalleled access to the train system. HOA fees in the property are $318/month and include water/trash. No pet restrictions and rentals are permitted in compliance with city rules. VA loans approved, move in ready. Call to schedule an appointment today!

Details

Property type

Condominium

Est. home value

$424,357

Lot size

0.6266 acres

Price per sq ft

$614

Year built

1923

Monthly HOA fee

$318

Price History

08/14/2024
CRMLS

CRMLS #P1-18864

Listed
$399,000
-6.12%
04/29/2022
CRMLS

CRMLS #P1-8687

Sold
$425,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

Number of units in community: 

281

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

$71,618
Asking price
$399,000
Closing costs (~8% of asking)
-$31,920
Est. remaining loan balance
-$295,462
Cash to seller
$71,618

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

Seller’s Loan History

Lender

Wall Street Mortgage Bankers Ltd

Loan start date

April 2022

Original loan amount

$340,000

Est. remaining balance

$295,462

Interest rate

3.15%

Loan type

New Conventional, 15 year

Seller

Djuradj Babic

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 12:05 PM

Listing updated: 08/15/2024 at 7:55 AM

Listed by: Adam Bray-Ali, Coldwell Banker Realty Phone #: (626) 449-5222

MLS: CRMLS #P1-18864

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