Property
Beds
1
Full Baths
1
1/2 Baths
None
Year Built
1923
Sq.Footage
670
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.
Features & Amenities
Interior
-
Other Interior Features
Eat-in Kitchen, Elevator, High Ceilings
-
Total Bedrooms
1
-
Bathrooms
1
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central
Exterior
-
Garage
No
-
Construction Materials
Concrete
-
Parking
None
-
Patio and Porch Features
None
-
Pool
Yes
-
Pool Features
Private, Above Ground, Association, Community
-
View
City Lights, Park/Greenbelt
Area & Lot
-
Lot Features
Corner Lot
-
Lot Size(acres)
0.6266
-
Property Type
Residential
-
Property Sub Type
Condominium
-
Architectural Style
SeeRemarks
Price
-
Sales Price
$390,000
-
Sq. Footage
670
-
Price/SqFt
$582
HOA
-
Association
YES
-
Association Fee
$319
-
Association Fee Frequency
Monthly
-
Association Fee Includes
N/A
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
Association Amenities
Electricity, Hot Water, Insurance, Management, Trash, Water, Pool
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
1
-
Water Source
Public
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Adam Bray-Ali , Coldwell Banker Realty
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