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.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Bathroom 1 Features: Shower in Tub, Bathtub
Interior Features
- Elevator
- High Ceilings
- Flooring: Concrete
Appliances
- Appliances YN: Yes
- Laundry Features: Dryer Included, Washer Included, Washer Hookup, Stackable, Electric Dryer Hookup
Other Rooms
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Central
- Heating: Yes
Kitchen and Dining
- Breakfast Room Description: In Kitchen
- Kitchen Features: Granite Counters, Kitchen Open to Family Room
Pool and Spa
- Pool Features: Association, Roof Top, Above Ground, Community
- Pool Private: Yes
Land Info
- Lot Description: Corner Lot
- Lot Size Acres: 0.6265611
- Lot Size Source: Public Records
- Lot Size Square Feet: 27293
Home Features
- View: City Lights, Park/Greenbelt, Landmark
Homeowners Association
- Association: Yes
- Association Amenities: Controlled Access, Electricity, Water, Trash, Pets Permitted, Insurance, Pet Rules, Management, Hot Water
- Association Fee: 319
- Association Fee Frequency: Monthly
- Calculated Total Monthly Association Fees: 319
Amenities and Community Features
- Community Features: Curbs, Sidewalks, Urban
Other Property Info
- Source Listing Status: Active Under Contract
- County: Los Angeles
- 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.
- Source Property Type: Residential
- Exclusions: Some of the private property items in the loft to be determined.
- Inclusions: Owner is negotiable on all furnishings.
- Area: C42 - Downtown L.A.
- Property Subtype: condo
- Source Neighborhood: C42 - Downtown L.A.
- Parcel Number: 5149002067
- Postal Code Plus 4: 1748
- Zoning: LAC5
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 670
- Year Built: 1923
- Common Walls: 2+ Common Walls
- Construction Materials: Concrete
- Entry Level: 7
- Entry Location: 7th floor
- Living Area Source: Public Records
- Living Area Units: Square Feet
- Property Age: 102
- Property Attached: Yes
- Levels or Stories: One
- Building Total Stories: 1
- Structure Type: Multi Family
- Year Built Source: Public Records
Utilities
- Electric: 220 Volts
- Sewer: Public Sewer
- Cable Available
- Water Connected
- Sewer Connected
- Electricity Connected
- Water Source: Public
