tomo logo

$449,000

Beds
1
Baths
1.0
sq ft
700

312 W 5th St Unit 522, Los Angeles, CA 90013

312 W 5th St Unit 522

Los Angeles, CA 90013

  • 376 days on market
THIS ONE WILL SELL QUICKLY! Fantastic bright loft with urban industrial character on Broadway in the Historic Core. This open 1 bedroom loft features SOARING concrete ceilings, step out balcoy and large original windows offering lots of natural light and views of historic DTLA buildings built in the early 1900's. Earth tone polished concrete floors abound throughout and the kitchen boasts solid wood cabinets, marble herringbone backsplash and stainless steel appliances. Bathroom has washer/dryer hookups and oversized soaking tub. Situated just minutes walk from Perch, Pershing Square, 7th/Fig, Bottega Louie, The Bloc, Grand Central Market, Ralphs, Whole Foods, Staples Center/L.A. Live and the best dining, shopping and nightlife Downtown LA has to offer. Building has some of the lowest HOA dues in Downtown 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 amazing panoramic views of the Downtown Los Angeles skyline. Valet parking available onsite for $350/month per space. No pet restrictions, HOA allows Airbnb.

Details

Property type

Condominium

Est. home value

$422,482

Lot size

0.6264 acres

Price per sq ft

$642

Year built

1923

Monthly HOA fee

$250.86

Price History

12/13/2023
CRMLS

CRMLS #SR23225821

Listed
$449,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

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

$116,978
Asking price
$449,000
Closing costs (~8% of asking)
-$35,920
Est. remaining loan balance
-$296,102
Cash to seller
$116,978

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

Seller’s Loan History

Lender

Broker Solutions Inc

Loan start date

July 2021

Original loan amount

$320,000

Est. remaining balance

$296,102

Interest rate

2.94%

Loan type

New Conventional, 30 year

Seller

Steven D Hyden and Maria M Hyden

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: 12/23/2024 at 8:40 AM

Listing updated: 12/04/2024 at 5:05 PM

Listed by: Rommy Shy, Rommy Shy Phone #: (818) 274-2655

MLS: CRMLS #SR23225821

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