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 9.58% CAP and 5.90 GRM on current rents with upside to operate at a 13.44% CAP and a 4.73 GRM. The property is a three-story brick… Read More building constructed in 1908 with a unit mix of four one-bedroom units with five studio units delivered VACANT. 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. Read Less
Courtesy of Kidder Mathews of California, Inc. 858-369-3010
Listing Snapshot
Days Online
7
Last Updated
Property Type
Other
Beds
4
Square Ft.
7,440
Lot Size
0.06 Acres
Year Built
1907
MLS Number
25620269
30 Days Snapshot Of 90013
$588k
-21%
(avg) sold price
2
0%
homes sold
155
+23%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
7,440 sq ft, Built in 1907, Levels: Three Or More, Attached
Cooling
None
Disclosures
As Is
Garage
None
Lot
LotAcreage: 0.0632, LotSizeArea: 2,752, Single Lot
Parking
TotalParking: 0
Property
NumberOfUnits: 17, Zoning: LAM2
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