312 W 5th St APT 516, Los Angeles, CA 90013

Conveniently located in the SB Grand Lofts, between Broadway and Hill Street, this loft style condo offers stained concrete flooring and an open concrete ceiling area to create the ambiance of Downtown living. The artist loft has large windows facing Broadway and an original 1923 exposed brick wall. The kitchen features a subway tile back splash, solid wood cabinets and stainless steel appliances. The unit has private stack-able washer/dryer hookups. The location is unparalleled, situated just minutes walk from The Bloc, Grand Central market, Ralphs, Whole Foods and the best dining and nightlife Downtown LA has to offer. The 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 panoramic views of the Downtown Los Angeles skyline. Valet or self parking available onsite. No pet restrictions. Great investment for anyone looking for upside potential in the next few years as property values increase downtown. 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 there one in forecast.