312 W 5th Street #705 Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90013
Key Details
Property Type Condo
Sub Type All Other Attached
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
Property Sub-Type All Other Attached
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
Zoning LAC5
Direction Located at corner of 5th and Broadway. Entrance on 5th Street. Look for awning over entrance. Parking is available at Pershing Square across the street.Security guard at front desk will help get you into the lobby.
Interior
Heating Forced Air Unit
Cooling Central Forced Air
Fireplace No
Appliance Dryer,Washer
Laundry Electric,Washer Hookup
Exterior
Parking Features None Known
Pool Above Ground,Community/Common,Association,Roof Top
Utilities Available Cable Available,Electricity Connected,Sewer Connected,Water Connected
Amenities Available Controlled Access,Hot Water,Pet Rules,Pets Permitted
View Y/N Yes
Water Access Desc Public
View Landmark,City Lights
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Others
HOA Name Shy Barry Grand (SB Grand
HOA Fee Include Electricity,Hot Water,Limited Insurance,Trash Pickup,Water
Tax ID 5149002067
Special Listing Condition Standard