312 West 5th Street new 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 $582
MLS Listing ID P1-23696
Style See Remarks
Bedrooms 1
Full Baths 1
HOA Fees $319/mo
Year Built 1923
Lot Size 0.627 Acres
Property Sub-Type Condominium
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.
Zoning LAC5
Interior
Interior Features Elevator,High Ceilings,Granite Counters,Kitchen Open to Family Room
Heating Central
Cooling Central Air
Flooring Concrete
Fireplaces Type None
Inclusions Owner is negotiable on all furnishings.
Laundry Dryer Included,Electric Dryer Hookup,Stackable,Washer Hookup,Washer Included
Exterior
Pool Roof Top,Above Ground,Association,Community
Community Features Curbs,Sidewalks,Urban
Utilities Available Sewer Connected,Water Connected,Cable Available,Electricity Connected
View Y/N Yes
View City Lights,Landmark,Park/Greenbelt
Building
Lot Description Corner Lot,Sprinklers None
Sewer Public Sewer