553 Stanford Avenue, Los Angeles, CA 90013
- $1,175,000
- 4
- BD
- 17
- BA
- 7,440
- SqFt
Listing courtesy of Listing Agent: Casey Lins (Casey.Lins@kidder.com) from Listing Office: Kidder Mathews of California, Inc..
- List Price
- $1,175,000
- Status
- ACTIVE
- Days on Market
- 297
- Price Change
- ▼ $200,000 1788905679
- MLS#
- 25620269
- Subtype
- Residential Income
- Year Built
- 1907
- Bedrooms
- 4
- Bathrooms
- 17
- Living Area
- 7,440
- Lot Size
- 2,752
- Acres
- 0.06
- MLS Area Major
- Downtown L.A. (C42)
Property Description
We are pleased to present 553 Stanford Ave, a 17-unit multifamily community located near the Arts District of Downtown Los Angeles, priced at a 11.49% CAP and 4.50 GRM on current rents with upside to operate at a 17.53% CAP and a 3.59 GRM. The property is a three-story brick building constructed in 1907 with a unit mix of four one-bedroom units and thirteen studio units. 4 studio units and 2 one-bedroom units will be delivered VACANT, for a total of 6 VACANT units. 553 Stanford Ave is centrally located in DTLA near the Arts Districts in close proximity to the 10, 110, 101 and 5 freeway, in one of the most desirable and trendy submarkets that has recently undergone immense transition. The location offers tenants easy access to a plethora of restaurants such as Sushi Gen, Maccheroni Republic, Marugame Monzo, Baroo, Manuela, Bestia, De La Nonna and much more. The Arts Districts also offers amenities and attractions such as ROW DTLA, Art Share LA, Arts District Brewing Company, Angel City Brewery, Hauser & Wirth, as well as retailers such as Arts District Co-op, Buru and Le Labo. Contact the listing broker for additional information.
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Additional Information
- Zoning
- LAM2
- Stories
- Three Or More Levels
- Levels
- Three Or More
- Parking Features
- None
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.