We address the accuracy of wideband direct position estimation of a radio transmitter via a distributed antenna array in 5G cellular systems. Our derivations are based only on the presence of spatially coherent line-of-sight (LoS) signal components, which is a realistic assumption in small cells, especially in the mmWave range. The system model considers collocated time and phase synchronized receiving front-ends with antennas distributed in 3D space at known locations and connected to the front-ends via calibrated coaxial cables or analog radio-frequency-over-fiber links. Furthermore, the signal model assumes spherical wavefronts. We derive the Cramér-Rao bounds (CRBs) for two implementations of the system: with (a) known signals and (b) random Gaussian signals. The results show how the bounds depend on the carrier frequency, number of samples used for estimation, and signal-to-noise ratios. They also show that increasing the number of antennas (such as in massive MIMO systems) considerably improves the accuracy and lowers the signal-to-noise threshold for localization even for non-cooperative transmitters. Finally, our derivations show that the square roots of the bounds are two to three orders of magnitude below the carrier wavelength for realistic system parameters.