312 5th Street # 1022, Los Angeles

$399,000

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1 Bed
1 Bath
670 Sqft
.63 Acre
0 Garage

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. 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. 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. This also is one of the very few buildings in Downtown that is Airbnb friendly, presenting an incredible opportunity!

Essential Information

MLS® #
24362953
Price
$399,000
Bedrooms
1
Bathrooms
1.00
Full Baths
1
Square Footage
670
Acres
0.63
Year Built
1923
Type
Residential
Sub-Type
Condominium
Status
Active

Community Information

Address
312 5th Street # 1022
Area
C42 - Downtown L.A.
City
Los Angeles
County
Los Angeles
Zip Code
90013
Senior Community
N

Amenities

Parking
Covered
Garages
Covered
View
City Lights
Has Pool
Yes
Pool
Association

Amenities

Controlled Access, Picnic Area, Pool, Spa/Hot Tub

Interior

Interior
Tile
Interior Features
Loft
Heating
None
Cooling
Central Air
Fireplaces
None
Stories
Multi/Split

Appliances

Dishwasher, Refrigerator, Dryer, Washer

Additional Information

Date Listed
February 28th, 2024
Days on Market
59
Zoning
LAC5
Main HOA Fee
$317
HOA Fee Description
317

Listing Details

Agent
Zo Lakanwal
Office
The Executive Realty Group

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Buyer's Agent

Jeremiah Moersch REALTOR®

Office: 760-533-2540
Listing Agent
Zo Lakanwal - The Executive Realty Group

Based on information from California Regional Multiple Listing Service, Inc. as of April 28th, 2024 at 5:30pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.