553 Stanford AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90013
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,440 sqft
Price per Sqft $215
MLS Listing ID 24450419
Bedrooms 4
HOA Y/N No
Year Built 1907
Lot Size 2,752 Sqft
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 7.87% CAP and 6.71 GRM on current rents with upside to operate at a 17.28% CAP and a 3.98 GRM. The property is a three-story brick building constructed in 1908 with a unit mix of 4 one-bedroom units and 13 studio units with 7 of 17 units renovated with one Studio unit 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, Manuel, Bestia, De La Noma 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 Apolis: Common Gallery, Arts District Co-op, Buru and Le Labo.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAM2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features None
Building
Story 3
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5147020027
Special Listing Condition Standard