Listing photoLos Angeles, CA 90013 · MLS 26690425
"Cash, hard money, non conventional, or VA loans will qualify."
312 W 5th St #917 is a 1-bedroom, 1-bath home in Los Angeles, California listed at $349,000 with 770 square feet, built in 1923. The seller is asking for cash or hard money, so it is priced here on our fix and flip loan: an investor with 1 to 2 completed projects and a 740 score puts 10% down ($34,900), we fund the $34,650 renovation estimate in draws, and the loan closes in 2 weeks. The down payment steps with experience, credit and the size of the renovation. A California buyer can also close in 3 days with 35% down and no appraisal. See every hard money opportunity in California or our California hard money lending page.
From the listing. Back on Market at NO FAULT OF THE PROPERTY! BUYER COULD NOT PERFORM. Welcome to your ideal Downtown Los Angeles retreat where location, lifestyle, and comfort come together seamlessly. This true one-bedroom condo offers privacy, paired with an open, airy feel thanks to soaring high ceilings and abundant natural light. Step inside and immediately appreciate the light and bright interior, complemented by beautiful city views that capture the energy of DTLA. The recently renovated kitchen is both stylish and functional, perfect for everyday living or entertaining. Enjoy the convenience of in-unit laundry, plus additional community laundry facilities for added flexibility. The building offers exceptional amenities and peace of mind, including: 24-hour on-site security desk & controlled access, rooftop pool, spa, and lounge with stunning views. Fully equipped fitness center. Underground valet parking is available for an additional charge. Experience convenience, security, and vibrant city living all in one place. With Airbnb and short term rentals allowed, this home is perfect as a primary residence or income property. Located next to Pershing Square, you're in the heart of it all just moments from top restaurants, cafes, nightlife, and entertainment. This is true urban living at its best. Cash, hard money, non conventional, or VA loans will qualify. Please reach out for lending options.
Preset with the list price and our rough renovation estimate. Change your score, your experience, the budget or the after-repair value and the numbers below move with them. Nothing is pulled and nothing is saved.
| Item | Option 1: 35% down | Option 2: 10% down |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | No |
| Buyer down payment | $34,900 (10%) | $122,150 (35%) |
| Loan at closing | $314,100 | $226,850 |
| Cosmetic renovation, rough estimate* | We fund $34,650 | Buyer pays $34,650 |
| Total loan | $348,750 | $226,850 |
| Rate, interest only | from 9.99% | 10.5% |
| Points | 1.5 ($5,231) | 1.5 ($3,403) |
| Appraisal | Required | None |
| Estimated monthly interest | $2,903 at full draw | $1,985 |
| Cash to close, rough estimate | $44,521 | $125,553 |
Rough estimates at the list price of $349,000 for a 740 score and 1 completed project. This is not a commitment to lend.
*Every figure on this page is a rough estimate. The renovation budget is a super rough placeholder at $45 per sq ft, not a bid or an inspection; get your own contractor numbers before you offer. Indicative estimate for discussion, not a commitment to lend. Business-purpose loans to investors only; final terms are set at submission. Fix and flip loans are sized on an appraisal and must stay under 75% of after-repair value. 10% down is for experienced investors; first-time flippers put 20% down. The no-appraisal option is available in major California markets. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
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Cash or hard money only"Property will not qualify for financing, Cash Offers only!"
Cash or hard money only"Property will not qualify for financing, Cash Offers only!"
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