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312 W 5th St 1022, Los Angeles, CA 90013

Sale Price: $380,000
Aug 29, 2024670 sqft1 beds1 baths
Listed by: Diego Magdaleno
License #: 01952035
Phone #: 615-887-5252
1Vision Real Estate
Source:
CRMLS Logo
MLS #: PW24177763

Property Description

Welcome to 312 W 5th St #1022, situated on the 10th floor, just beneath the penthouse level, offering breathtaking, unobstructed views of the iconic Downtown LA skyline. This extensively renovated one-bedroom, one-bathroom residence seamlessly blends contemporary design with spacious urban living. The impressive 12-foot concrete ceilings enhance the open and airy floor plan, while an abundance of natural light pours in through the oversized casement windows. The unit boasts a modern aesthetic with stained concrete floors, stainless steel appliances, and the convenience of an in-unit washer and dryer. Residents will enjoy a range of premium amenities, including a rooftop pool and hot tub with stunning panoramic city views, a fully equipped fitness center, and 24-hour security for peace of mind. Perfect for those who embrace the live/work urban lifestyle, the Metro is just a short 3-minute walk away, providing seamless access to destinations such as Santa Monica Beach, Hollywood, Universal Studios, LAX, and soon, Midtown and Beverly Hills. The Broadway corridor is experiencing a renaissance, with new shops, fantastic dining options, and much more. Located within walking distance from UCLA’s Downtown Campus, Bunker Hill, Grand Central Market, Crypto.com Arena, LA Live, and the Arts District, this location is ideal for students, young professionals, or investors looking to secure a prime property. The building’s rare AIRBNB-FRIENDLY policy adds significant value, making it an excellent investment choice. With its exceptional location, flexible rental options, and some of the lowest HOA fees in the area, this property stands out as a unique investment opportunity, with major notable events like the Olympics and the World Cup on the horizon.
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Kevin Kretzmer
Kevin Kretzmer

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TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$5,130

TurboHome Estimated Value

$363,500

$543 sqft

High Valuation
$381,675
$570/sqft
Normal Valuation
$363,500
$543/sqft
Low Valuation
$345,325
$515/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$543/sqft$363,500

Neighborhood: Downtown

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Comparative Value

$335K

$380K

$435K

$445K

$470K

312 W 5th St 605, Los Angeles, CA 90013

Sale Price: $335,000

Selected Comparable

312 W 5th St 1022, Los Angeles, CA 90013

Sale Price: $380,000

Selected Comparable

312 W 5th St 1022, Los Angeles, CA 90013

List Price: $385,000

Subject Property

215 W 7th St 1106, Los Angeles, CA 90014

Sale Price: $435,000

Selected Comparable

215 W 7th St 1203, Los Angeles, CA 90014

Sale Price: $445,000

Selected Comparable

215 W 7th St 901, Los Angeles, CA 90014

Sale Price: $470,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
312 W 5th St 1022, Los Angeles, CA 90013

312 W 5th St 1022, Los Angeles, CA 90013

List: $385,000

Listed: 8/29/2024

Area:670 sqft
Price/sqft:$575
Beds:1
Baths:1
Year Built:
Lot Size:27,285

Comparable Properties

COMPARABLE
Choose comps
215 W 7th St 1203, Los Angeles, CA 90014

215 W 7th St 1203, Los Angeles, CA 90014

Sale: $445,000

7/22/20250.22 mi

Area:660 sqft
Price/sqft:$674
Beds:1
Baths:1
Year Built:
Weight:21.4%
312 W 5th St 605, Los Angeles, CA 90013

312 W 5th St 605, Los Angeles, CA 90013

Sale: $335,000

5/2/20250.00 mi

Area:670 sqft
Price/sqft:$500
Beds:1
Baths:1
Year Built:
Weight:21.4%
312 W 5th St 1022, Los Angeles, CA 90013

312 W 5th St 1022, Los Angeles, CA 90013

Sale: $380,000

11/15/20240.00 mi

Area:670 sqft
Price/sqft:$567
Beds:1
Baths:1
Year Built:
Weight:20.5%
215 W 7th St 901, Los Angeles, CA 90014

215 W 7th St 901, Los Angeles, CA 90014

Sale: $470,000

10/18/20240.22 mi

Area:732 sqft
Price/sqft:$642
Beds:1
Baths:1
Year Built:
Weight:18.5%
215 W 7th St 1106, Los Angeles, CA 90014

215 W 7th St 1106, Los Angeles, CA 90014

Sale: $435,000

2/7/20250.22 mi

Area:770 sqft
Price/sqft:$565
Beds:1
Baths:1
Year Built:
Weight:18.2%

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