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$430,000

Beds
1
Baths
1.0
sq ft
670

312 W 5th St Unit 705, Los Angeles, CA 90013

312 W 5th St Unit 705

Los Angeles, CA 90013

  • 46 days on market
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.

Details

Property type

Condominium

Lot size

0.6266 acres

Price per sq ft

$642

Year built

1923

Monthly HOA fee

$329

Price History

11/06/2024
CRMLS

CRMLS #P1-19864

Listed
$430,000
+10.26%
07/15/2016
CLAW

CLAW #16111634

Sold
$390,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Park

Number of units in community: 

280

Status: Active

Tomo last checked: 12/22/2024 at 3:45 AM

Listing updated: 12/19/2024 at 1:12 PM

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

MLS: CRMLS #P1-19864

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