Property Description

RARE 2 BEDROOM WITH PRIVATE BALCONY! Conveniently located at the SB Grand, this loft with fantastic urban industrial character is located on Broadway in the Historic Core. It features high concrete ceilings and stained concrete floors throughout. Kitchen boasts solid wood cabinets, marble herringbone backsplash, stainless steel appliances and granite counters. Bathroom has washer/dryer hookups and oversized soaking tub. The location is unparalleled, situated just minutes walk from The Bloc, Grand Central Market, Ralphs, Whole Foods, Staples Center/LA Live and the best dining and nightlife Downtown LA has to offer. The building has some of the lowest HOA dues in Downtown LA and you get incredible value for what you pay; 24-hr security front desk concierge, fitness room, rooftop pool, hot tub and rooftop lounge area with panoramic views of the Downtown Los Angeles skyline. Valet or self parking available onsite for $300/month per space. No pet restrictions. Great investment for anyone looking for upside potential in the next few years as property values increase downtown. Comparable floor plans in the building renting for $2600-2700/month. Airbnb allowed, no pet restrictions. The HOA has approved a large renovation project for the building and the building exterior will be repainted, lobby and hallways completely redone, rooftop painted and new furniture installed. The HOA reserves are extremely healthy and the renovation will be funded entirely from the reserves. There’s never been a special assessments in the entire 15 year history of the HOA nor is one forecast.

Residential Condominium

312 5th St. #810, Los Angeles, California 90013

$489,000
Basic Details
Property Type : Residential
Status : Active
# of Rooms : 0
# of Bathrooms : 1
SF : 940SF
PPSF : $520
HOA : $303
Parking : 0
Lot SF : 27,285SF
Lot PPSF : $18
Year Built : 1923
Virtual Tours : Not available
DOM : 1 Days
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