Los Angeles, CA 90013 312 W 5th Street 1022

Conveniently located in the vibrant heart of Downtown LA, this beautifully renovated one-bedroom, one-bathroom condo offers a spacious and modern living space. The open floor plan showcases stunning views of the city and features some of the lowest HOA fees in the area. This is an ideal rental property for investors . Please be aware that this building is one of only two that permit Airbnb use. With the Olympics and World Cup on the horizon, this presents an exceptional investment opportunity. The unit boasts soaring concrete ceilings, reminiscent of a chic New York loft, with 12-foot exposed cement ceilings and two large casement windows flooding the space with natural light.Inside, you'll find stained concrete floors, stainless steel appliances, and a convenient washer and dryer. Residents can enjoy access to a range of amenities, including a rooftop pool and hot tub with breathtaking city views, a fitness center, and 24-hour security. This is a fantastic opportunity to experience the best of DTLA living.Situated across from Perch and the Pershing Square Metro Station, this building is at the intersection of the Historic Core and the Financial District. Just steps away from the renowned Grand Central Market, a foodie paradise, this location truly embodies urban living at its finest. Close to the Garment District and the renowned FIDM, this building is ideal for students seeking affordable housing. Its Airbnb potential and prime location make it particularly appealing. The unit does not include parking, but the owner pays $200 per month for Valet VIP parking in the building. The property is tenant-occupied on a 1-year lease, lease ends 12-22-24. The tenant would prefer to stay, but if the buyer decides to proceed without them in place, then the tenant requests a 30-day notice upon the opening of escrow. I would like to mention once more that this is one of the very few buildings in Downtown that is Airbnb friendly, presenting an incredible opportunity!