2 months on rocket

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

$399,000

Home List Price

$4,738*

Closing Credit

1 Bedroom
1 Full Bath
670 SqFt
$596/SqFt
Condo
Schools Nearby

Location

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312 W 5th St Unit 1022, Los Angeles$399,000

Buyer Closing Credits

$4,738*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingCovered
Year Built1923
HeatingNone
CoolingCentral Air
FireplaceNone
ViewCity Lights
MLS #24362953
Lot Size0.63 Acres
StatusActive

About 312 W 5th St Unit 1022

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!

Property Details

Property Features

Property Information:

  • Year Built: 1923
  • Stories: 0
  • Living Area: 670 SqFt

Listing Office:

  • Office Name: The Executive Realty Group
  • Office Phone: (310) 701-3808
  • Listing Agent: Zo Lakanwal

Interior Features

Interior Information:

  • Appliances: Dishwasher, Refrigerator, Dryer, Washer
  • Flooring Type: Tile
  • Interior: Loft
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights

Parking Information:

  • Parking: Covered

Virtual/3D Tour

  • 3D Tour: 312 W 5th St Unit 1022

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Lot Features

Lot Information:

  • Lot Size: 0.63 Acres

Utilities

Utilities Information:

  • Heating: None
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Contreras Learning Center-Los Angeles School of Global St, Public District Grades 9-12
  • Contreras Learning Center-School of Social Justice, Public District Grades 9-12
  • School of Business and Tourism At Contreras Learni, Public District Grades 9-12
  • John H. Liechty Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • Ninth Street Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: Cross Hill Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $399,000
  • Price Per SqFt: $596/SqFt

HOA Fees:

  • Amount: $317
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

312 W 5th St Unit 1022 vs Los Angeles

62 DAYS ON ROCKET

+28 Days

$399,000

-$576.9K Less

$596/SqFt

-$32 Less

KEY TAKEAWAY

This property is $576.9K less than the Median Sold Price and $32/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24362953

Listing Office:

  • Office Name: The Executive Realty Group
  • Office Phone: (310) 701-3808
  • Listing Agent: Zo Lakanwal

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2024, 2:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,263

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3743060
3
/10

  • Ninth Street Elementary School

  • 835 Stanford Ave

  • 0.87 miles

  • Public District Grades KG-5

school-card-donut-3743061
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 5.95 miles

  • Public Magnet Grades KG-6

school-card-donut-3743062
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 23.19 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-3743063
2
/10

  • John H. Liechty Middle School

  • 650 S Union Ave

  • 1.14 miles

  • Public District Grades 6-8

school-card-donut-3743064
4
/10

  • Studio

  • 2211 W Avenue 30

  • 3.98 miles

  • Public District Grades 6-8

High School

school-card-donut-3743065
1
/10

  • Contreras Learning Center-Los Angeles School of Global St

  • 322 Lucas Ave

  • 0.86 miles

  • Public District Grades 9-12

school-card-donut-3743066
2
/10

  • Contreras Learning Center-School of Social Justice

  • 322 Lucas Ave

  • 0.86 miles

  • Public District Grades 9-12

school-card-donut-3743067
2
/10

  • School of Business and Tourism At Contreras Learni

  • 322 Lucas Ave

  • 0.86 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $16,568. Most Los Angeles, CA residents have annual incomes less than $35k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 312 W 5th St Unit 1022

What is the listing price of this property?

The listing price of 312 W 5th St Unit 1022 property is $399,000.

What type of property is this?

The property 312 W 5th St Unit 1022 is a condo located in Los Angeles, California, 90013.

Is this property for sale now?

Active Listing: 312 W 5th St Unit 1022 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 312 W 5th St Unit 1022 are:
Ninth Street Elementary School: GreatSchools Rating 3/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Point Fermin Elementary School: GreatSchools Rating 6/10
John H. Liechty Middle School: GreatSchools Rating 2/10
Studio: GreatSchools Rating 4/10
Contreras Learning Center-Los Angeles School of Global St: GreatSchools Rating 1/10
Contreras Learning Center-School of Social Justice: GreatSchools Rating 2/10
School of Business and Tourism At Contreras Learni: GreatSchools Rating 2/10

How many bedrooms and bathrooms does this property have?

The property at 312 W 5th St Unit 1022 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 312 W 5th St Unit 1022 is 670 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 312 W 5th St Unit 1022 is 1923.

Rocket Homes›California›Los Angeles County›Los Angeles›90013›312 W 5th St Unit 1022

This home is located at 312 W 5th St Unit 1022 in Los Angeles, CA and zip code 90013 in the Central LA neighborhood. This 670 square foot home, which was built in 1923, sits on a 0.63 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since February 28, 2024 and is currently priced at $399,000.

In March 2024, from all listings sold in Los Angeles, CA there were more than 628 sold above asking price, over 579 sold below and more than 196 were sold right at the asked price. The number of listings in Los Angeles, CA increased by 10.8% between February 2024 and March 2024. While the average time on the market in March 2024 was 34 days, the median list price was $975,970.

From Rocket Homes Real Estate and based on county public records data.

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