312 West 5th Street, Unit 1022
312 West 5th Street, Unit 1022
$415,000
1
1
670
670
$619
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Description
Conveniently located in the vibrant heart of Downtown LA, this beautifully renovated one-bedroom, one-bathroom condo offers a spacious and modern living space. The open floor plan showcases stunning views of the city and features some of the lowest HOA fees in the area. This is an ideal rental property for investors . Please be aware that this building is one of only two that permit Airbnb use. With the Olympics and World Cup on the horizon, this presents an exceptional investment opportunity. The...Conveniently located in the vibrant heart of Downtown LA, this beautifully renovated one-bedroom, one-bathroom condo offers a spacious and modern living space. The open floor plan showcases stunning views of the city and features some of the lowest HOA fees in the area. This is an ideal rental property for investors . Please be aware that this building is one of only two that permit Airbnb use. With the Olympics and World Cup on the horizon, this presents an exceptional investment opportunity. The unit boasts soaring concrete ceilings, reminiscent of a chic New York loft, with 12-foot exposed cement ceilings and two large casement windows flooding the space with natural light. Inside, you'll find stained concrete floors, stainless steel appliances, and a convenient washer and dryer. Residents can enjoy access to a range of amenities, including a rooftop pool and hot tub with breathtaking city views, a fitness center, and 24-hour security. This is a fantastic opportunity to experience the best of DTLA living. Situated across from Perch and the Pershing Square Metro Station, this building is at the intersection of the Historic Core and the Financial District. Just steps away from the renowned Grand Central Market, a foodie paradise, this location truly embodies urban living at its finest. Close to the Garment District and the renowned FIDM, this building is ideal for students seeking affordable housing. Its Airbnb potential and prime location make it particularly appealing. The unit does not include parking, but the owner pays $200 per month for Valet VIP parking in the building. The property is tenant-occupied on a 1-year lease, lease ends 12-22-24. The tenant would prefer to stay, but if the buyer decides to proceed without them in place, then the tenant requests a 30-day notice upon the opening of escrow. I would like to mention once more that this is one of the very few buildings in Downtown that is Airbnb friendly, presenting an incredible opportunity!
- Listed by Zo Lakanwal • DRE #02126194 • Brokerage DRE #01392993 • The Executive Realty Group
Property Details for 312 West 5th Street, Unit 1022
Zoning
LAC5
StyleHigh or Mid-Rise Condo
Association Fee FrequencyMonthly
Parcel Number5149002162
Total Units280.0
Living Area670
Source Living AreaVendor Enhanced
AreaDowntown L.A. (C42)
Location
LISTING UPDATED: 05/16/2024 04:42 PM
Property Details for 312 West 5th Street, Unit 1022
Status | Active |
---|---|
MLS # | 24-362953 |
Days on Market | 80 |
Taxes | - |
HOA Fees | $317 / month |
Condo/Co-op Fees | - |
Compass Type | Condo |
MLS Type | Residential / Condominium |
Year Built | 1923 |
County | Los Angeles County |
Building
Location
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Building Information for 312 West 5th Street, Unit 1022
Payment Calculator
$3,100 per month
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Property Information for 312 West 5th Street, Unit 1022
Property History for 312 West 5th Street, Unit 1022
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 312 West 5th Street, Unit 1022
Taxable ValueLand$273,409Additions$214,439Total$487,848
Tax Record2023$6,220 ($518 / month)
Home Facts
Beds1Total Finished SqFt670 SqFtAbove Grade Finished SqFt670 SqFtLot Size27,285 SqFtStyleCondominiumYear Built1923ZoningLAC5CountyLOS ANGELESAPN5149-002-162
Schools near 312 West 5th Street, Unit 1022
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Ninth Street School PublicK to 5 | ||
John H. Liechty Middle School Public6 to 8 | ||
Miguel Contreras Learning Complex School Public9 to 12 | ||
Academic Leadership Community School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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