312 W 5th ST #705 Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90013
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 670 sqft
Price per Sqft $641
MLS Listing ID P1-19864
Bedrooms 1
Full Baths 1
Condo Fees $329
HOA Fees $329/mo
HOA Y/N Yes
Year Built 1923
Lot Size 0.627 Acres
Property Description
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.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Interior Features Loft
Heating Central
Cooling Central Air
Fireplaces Type None
Inclusions Appliances included. Furnishings are negotiable
Fireplace No
Appliance Dishwasher,Electric Range,Free-Standing Range,Microwave,Refrigerator
Laundry Stacked
Exterior
Parking Features None
Fence None
Pool Above Ground,Roof Top,Association
Community Features Park,Urban
Amenities Available Picnic Area,Pool,Pet Restrictions,Pets Allowed,Recreation Room
View Y/N Yes
View City Lights,Park/Greenbelt
Porch None
Private Pool Yes
Building
Lot Description Sprinklers None
Dwelling Type Multi Family
Story 11
Entry Level One
Sewer Public Sewer,Sewer Tap Paid
Water Public
Level or Stories One
New Construction No
Others
HOA Name SB Grand
Senior Community No
Tax ID 5149002067
Acceptable Financing Cash,Cash to New Loan,VA Loan
Listing Terms Cash,Cash to New Loan,VA Loan
Special Listing Condition Standard