312 W 5th Street #705
Los Angeles, CA 90013
670 sqft | 1 bed | 1 bath | 0.63 acres | #P1-19864
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.
Property Details
- ViewCityLights, ParkGreenbelt
- Sewer InformationPublicSewer, SewerTapPaid
- Lot DescriptionSprinklersNone
- CountyLos Angeles
- Property SubtypeCondominium
- Structure TypeMultiFamily
- Property TypePurchase
- Original List Price$430,000
- MLS #P1-19864
- MLS #P1-19864
- Acres0.6266
- Utility SourcePublic
- Cost430000
- InteriorLoft
- Year Built1923
- Square Feet670
- Hoa Fees329
- Stories11
- Bedrooms1
- Bathrooms1
- Full Baths1
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Adam Bray-Ali (#p18272)
Listing Office: Coldwell Banker Realty (#PF243)
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