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$539,999

Beds
1
Baths
1.0
sq ft
980

312 W 5th St Unit 523, Los Angeles, CA 90013

312 W 5th St Unit 523

Los Angeles, CA 90013

  • 640 days on market
Los Angeles living at its best! This unit is located in the SB Grand Lofts, between Broadway and Hill Street this 1-bedroom loft style Condo faces the north exterior of the building . Perched high above the hustle and bustle of 5th Street. The open floor plan of the loft offers; polished concert flooring and 18' high ceilings, large windows offering lots of natural light and a kitchen with stainless steel applications. The kitchen area features shaker style cabinetry with granite counter tops in addition the unit also has a combo washer/dryer hookup. The location is unparalleled, situated just minutes from the block, Grand central Market, Ralphs, Whole Foods, and the best dining, shopping, and night life Downtown LA has to offer. The building has one of the lowest HOA dues in Downtown Los Angeles. In addition, you get incredible value for what you pay; 24hr security front desk concierge, fitness room, roof top pool, hot tub and roof top lounge area with panoramic views of the Downtown Los Angeles sky line. Valet parking available on-site for $300.00/month or self parking for $350.00/ month. No pet restrictions and HOA allows AirBNB making this property an incredible investment. Close to all freeways, Metro rail, it is 50" from Pershing Square Red Line, The Jewelry Mart, Flower District, Garment District. Great opportunity for anyone looking for upside potential, in the next few years as property values will increase in Downtown LA. Condo is to be SOLD in AS-IN condition. No repairs of any kind unless required by lender to close.

Details

Property type

Condominium

Est. home value

$532,991

Lot size

0.6264 acres

Price per sq ft

$552

Year built

1923

Monthly HOA fee

$373.5

Price History

02/19/2023
CRMLS

CRMLS #MB23028775

Listed
$539,999

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, 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

$389,736
Asking price
$539,999
Closing costs (~8% of asking)
-$43,200
Est. remaining loan balance
-$107,063
Cash to seller
$389,736

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

December 2010

Original loan amount

$156,000

Est. remaining balance

$107,063

Interest rate

4.23%

Loan type

New Conventional, 30 year

Seller

Megan S Ortega

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: 11/19/2024 at 6:30 PM

Listing updated: 09/30/2024 at 12:22 PM

Listed by: MARIA DE JESUS CASTILLO, EXCELLENCE RE REAL ESTATE Phone #: (562) 205-6828

MLS: CRMLS #MB23028775

CRMLS logo

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