1 year on rocket

312 W 5th St Unit 523, Los Angeles, CA, 90013

$539,999

Home List Price

$6,412*

Closing Credit

1 Bedroom
1 Full Bath
980 SqFt
$551/SqFt
Condo
Schools Nearby

Location

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312 W 5th St Unit 523, Los Angeles$539,999

Buyer Closing Credits

$6,412*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1923
CoolingCentral Air
FireplaceNone
ViewCity Lights
MLS #MB23028775
Lot Size0.63 Acres
StatusActive

About 312 W 5th St Unit 523

Los Angeles living at its best! This unit is located in the SB Grand Lofts, between Broadway and Hill Street this 1-bedroom loft style Condo faces the north exterior of the building . Perched high above the hustle and bustle of 5th Street. The open floor plan of the loft offers; polished concert flooring and 18' high ceilings, large windows offering lots of natural light and a kitchen with stainless steel applications. The kitchen area features shaker style cabinetry with granite counter tops in addition the unit also has a combo washer/dryer hookup. The location is unparalleled, situated just minutes from the block, Grand central Market, Ralphs, Whole Foods, and the best dining, shopping, and night life Downtown LA has to offer. The building has one of the lowest HOA dues in Downtown Los Angeles. In addition, you get incredible value for what you pay; 24hr security front desk concierge, fitness room, roof top pool, hot tub and roof top lounge area with panoramic views of the Downtown Los Angeles sky line. Valet parking available on-site for $300.00/month or self parking for $350.00/ month. No pet restrictions and HOA allows AirBNB making this property an incredible investment. Close to all freeways, Metro rail, it is 50" from Pershing Square Red Line, The Jewelry Mart, Flower District, Garment District. Great opportunity for anyone looking for upside potential, in the next few years as property values will increase in Downtown LA. Condo is to be SOLD in AS-IN condition. No repairs of any kind unless required by lender to close.

Property Details

Property Features

Property Information:

  • Year Built: 1923
  • Living Area: 980 SqFt

Listing Office:

  • Office Name: EXCELLENCE RE REAL ESTATE
  • Office Phone: (562) 538-4843
  • Listing Agent: MARIA DE JESUS CASTILLO

Interior Features

Interior Information:

  • Flooring Type: Concrete, Tile
  • Interior: Open Floorplan, Loft
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights

Lot Features

Lot Information:

  • Lot Size: 0.63 Acres

Utilities

Utilities Information:

  • 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: On 5th Street between Broadway & Hill

Price Information

Listing Price Info

Price Summary:

  • List Price: $539,999
  • Price Per SqFt: $551/SqFt

HOA Fees:

  • Amount: $373
  • 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

$986.4K

Med. Price/SqFt

$631

Avg. Days On Market

34

# of Sold Homes

1534

312 W 5th St Unit 523 vs Los Angeles

436 DAYS ON ROCKET

+402 Days

$539,999

-$446.4K Less

$551/SqFt

-$81 Less

KEY TAKEAWAY

This property is $446.4K less than the Median Sold Price and $81/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: #MB23028775

Listing Office:

  • Office Name: EXCELLENCE RE REAL ESTATE
  • Office Phone: (562) 538-4843
  • Listing Agent: MARIA DE JESUS CASTILLO

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: 5/2/2024, 8:25:19 AM 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.

Payment Calculator

$3,136

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,685

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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-4637264
3
/10

  • Ninth Street Elementary School

  • 835 Stanford Ave

  • 0.87 miles

  • Public District Grades KG-5

school-card-donut-4637265
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 5.95 miles

  • Public Magnet Grades KG-6

school-card-donut-4637266
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 23.19 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-4637267
2
/10

  • John H. Liechty Middle School

  • 650 S Union Ave

  • 1.14 miles

  • Public District Grades 6-8

school-card-donut-4637268
4
/10

  • Studio

  • 2211 W Avenue 30

  • 3.98 miles

  • Public District Grades 6-8

High School

school-card-donut-4637269
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-4637270
2
/10

  • Contreras Learning Center-School of Social Justice

  • 322 Lucas Ave

  • 0.86 miles

  • Public District Grades 9-12

school-card-donut-4637271
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. The most common annual income of people living in Los Angeles, CA is less than $35k. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 312 W 5th St Unit 523

What is the listing price of this property?

The listing price of 312 W 5th St Unit 523 property is $539,999.

What type of property is this?

The property 312 W 5th St Unit 523 is a condo located in Los Angeles, California, 90013.

Is this property for sale now?

Active Listing: 312 W 5th St Unit 523 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 523 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 523 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 312 W 5th St Unit 523 is 980 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 312 W 5th St Unit 523 is 1923.

Rocket Homes›California›Los Angeles County›Los Angeles›90013›312 W 5th St Unit 523

This home is located at 312 W 5th St Unit 523 in Los Angeles, CA and zip code 90013 in the Central LA neighborhood. This 980 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 21, 2023 and is currently priced at $539,999.

In April 2024 more than 701 listings in Los Angeles, CA were sold above the asking price. During the same period more than 204 listings were sold at asking price, while more than 629 were sold below. The inventory of homes for sale in Los Angeles, CA between March 2024 and April 2024 increased by 14.9%. Listings spent 34 days on the market in April 2024, and had a median list price of $986,427 during the same period.

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

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