Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveCondominium

312 W 5th Street 1205

Los Angeles, CA, 90013

1 / 6View all 6 photos

$1,799,000

MLS: SR26045888

Beds

3

Baths

2

Sq Ft

2,052

Lot

0.63 ac

Year Built

1923

MLS #

SR26045888

Days on Market

1

Listed

Mar 2, 2026

Description

Offered for sale for the first time ever, the ultimate Penthouse at the SB Grand. At just over 2,000 square feet, this 3 bedroom, 2 bath unit is the crown jewel of the building. The unit features soaring ceilings, Venetian plaster walls, hardwood floors, expansive living and dining areas, and a huge master suite and marble bathroom. All 3 bedrooms have built in closets, with 2 that are walk-in. The property boasts 2 levels of private patio terraces, altogether about 3,000 square feet of private outdoor space and a private jacuzzi hot tub. The lower rooftop features South and Southwest views, and the upper rooftop has 360 degree Downtown views. 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. Offered Fully Furnished. Long-term parking covenant available.

Location

Los Angeles, Los Angeles County, CA 90013

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Listed by: Rommy Shy · Rommy Shy

Payment estimate

$12,797

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $179,900 · Loan: $1,619,100

%
Principal & Interest
$9,948
Property tax (1.25%)
$1,874
Homeowners insurance
$300
Mortgage insurance
$675
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Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.

Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $62,965 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

Local Market Stats

See Los Angeles, CA 90013 market trends →

Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

#1 Producing Individual Realtor — Antelope Valley

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