Property Description

Location #310, 312 W 5th St, Los Angeles, CA

1 beds, 1 baths, 1 garage spaces (940 Sq Ft)
Starting Bid $392,000

Modern open loft with fantastic urban industrial character on Broadway in the Historic Core. Perched above the building's central courtyard, this 1 bedroom loft will stay quiet and cool year round. It features high concrete ceilings and great over head lighting. Polished concrete floors throughout and the kitchen boasts solid, light wood cabinets and stainless steel appliances. Bathroom has washer/dryer hookups and oversized soaking tub. Unit also features a spacious patio balcony. Situated just minutes walk from The Bloc, Grand Central Market, Ralphs, Whole Foods, Staples Center/L. A. Live and the best dining and nightlife Downtown LA has to offer. Building has some of the lowest HOA dues in Downtown LA and you get incredible value for what you pay; 24-hr security front desk concierge, fitness room, rooftop pool, hot tub and rooftop lounge area with amazing panoramic views of the Downtown Los Angeles skyline. Valet or self parking available onsite for $250/month per space. No pet restrictions. The HOA has approved a large renovation project for the building. The building exterior will be repainted, lobby and hallways completely redone, rooftop painted and new furniture installed. The HOA reserves are extremely healthy and the renovation will be funded entirely from the reserves. There’s never been a special assessments or dues increase in the entire 15 year history of the HOA nor is one in the forecast.

Main Features

Listing Price: $489,900 Starting Bid: $392,000
Days On Market: 150-200 Start Bid Discount: 20%
No Minimum Reserve Min Bid Increment: + $1k

Documentation & Paperwork

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