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$355,000
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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.
Full Property Details
Full Property Details for 312 W 5th St #705
General
- Sold For: $355,000
- HOA FEE: $319/month
- Status: Closed
- Type: Condo
- Source: MRMLS
- MLS ID: P1-23696
- Added to Site: 196 day(s) ago
Interior
- Rooms/Areas: All Bedrooms Down
- Interior Features: Elevator, High Ceilings
- Fireplace(s): None
- Eating Areas: In Kitchen
- Flooring: Concrete
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
Other Rooms
- Laundry: Dryer Included, Washer Included, Washer Hookup, Stackable, Electric Dryer Hookup
Additional Information
- Shared Amenities: Controlled Access, Electricity, Water, Trash, Pets Permitted, Insurance, Pet Rules, Management, Hot Water
- Pool: Yes
- Pool Description: Association, Rooftop, Above-Ground, Community
- Spa Description: None
Exterior
- Deck/Patio: None
Parking
- Parking: None
Location
- County: Los Angeles
- Subdivision: Not Applicable
- Driving Directions: Located at corner of 5th and Broadway. Entrance on 5th Street. Look for awning over entrance. Parking is available at Pershing Square across the street.Security guard at front desk will help get you into the lobby.
Community
- Community Features: Curbs, Sidewalks, Urban
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: See Remarks
- Structure Type: Condominium
- Construction: Concrete
- Common Walls: 2 Common Walls (or More)
- Entry Location: 7th floor
- Stories/Levels: One
- Stories Description: One
- Square Feet: 670
- Sq. Ft. Source: Public Records
- Year Built: 1923
- Year Built Source: Public Records
Lot Features
- Property View: City Lights, Park/Greenbelt, Landmark
- Lot Size (Acres): 0.6266
- Lot Size Source: Public Records
- Zoning: LAC5
- Lot Description: Corner Lot, No Sprinklers
- Fencing (Description): None
Financial Considerations
- Price Per Sq. Ft.: $529.85
- Association Fee: $319
- Assoc Fee Freq.: Monthly
Disclosures and Reports
- Special Conditions: Standard
- Inclusions: Owner is negotiable on all furnishings.
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Schools
Schools serving 312 W 5th St #705
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Ninth Street School 835 Stanford Avenue, Los Angeles, CA 90021 | K-5 | 0.9 mi |
John H. Liechty Middle School 650 South Union Avenue, Los Angeles, CA 90017 | 7-8 | 1.1 mi |
Edward R. Roybal Learning Center 1200 Colton Street, Los Angeles, CA 90026 | 9-12 | 0.9 mi |
Academic Leadership Community School 322 Lucas Avenue, Los Angeles, CA 90017 | 9-12 | 0.9 mi |
Contreras Learning Center-School Of Social Justice 322 Lucas Avenue, Los Angeles, CA 90017 | 9-12 | 0.9 mi |
Miguel Contreras Learning Complex School 322 Lucas Avenue, Los Angeles, CA 90017 | 9-12 | 0.9 mi |
Contreras Learning Center-Los Angeles School Of Global Studies 322 Lucas Avenue, Los Angeles, CA 90017 | 9-12 | 0.9 mi |
Belmont Senior High School 1575 West 2nd Street, Los Angeles, CA 90026 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 312 W 5th St #705
Date
Details
Price
Change
Source
11/18/2025
Sold
$355,000
-1.39%
MLS
10/29/2025
Price Reduced
$360,000
-6.47%
MLS
9/25/2025
Price Reduced
$384,900
-1.31%
MLS
8/13/2025
Listed
$390,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
312 W 5th Street #705, Los Angeles, CA 90013 (MLS# P1-23696) is a Condo property that was sold at $355,000 on November 18, 2025. This property was listed by Adam Bray-Ali from our Pasadena Office.Want to learn more about 312 W 5th Street #705? Do you have questions about finding other Condo real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.


