312 W 5th Street Unit 705, Los Angeles, CA 90013

$355,000
1
BD
1
BA
670
SqFt

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Sold Price
$355,000
List Price
$360,000
Closing Date
Nov 18, 2025
Status
CLOSED
MLS#
P1-23696
Year Built
1923
Bedrooms
1
Bathrooms
1
Living Sq. Ft
670
Lot Size
27,293
Acres
0.63
Lot Location
Corner Lot, Sprinklers None
Days on Market
77
Property Type
Condo
Style
See Remarks
Property Sub Type
Condominium
Stories
One Level
Neighborhood
Not Applicable

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.

Additional Information

HOA
319
Frequency
Monthly
Association Amenities
Controlled Access, Electricity, Hot Water, Insurance, Management, Pet Restrictions, Pets Allowed, Trash, Water
Appliances
Dryer, Washer
Pool
Yes
Pool Description
Above Ground, Association, Community, Roof Top
Heat
Central
Cooling
Yes
Cooling Description
Central Air
View
City Lights, Park/Greenbelt, Landmark
Exterior Construction
Concrete
Sewer
Public Sewer
Water
Public
Interior Features
Eat-in Kitchen, Elevator, High Ceilings, All Bedrooms Down
Attached Structure
Attached

Listing courtesy of Listing Agent: Adam Bray-Ali (adam@propertybyadam.com) from Listing Office: Coldwell Banker Realty.

Listing sold by Adam Bray-Ali from Coldwell Banker Realty

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.