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.
Details
MLS #
25620269
Listing Type
For Sale
Sub-Type
Resale
Status
Active
Year
1907
Days On Site
298
Listing Provided By
Kidder Mathews of California, Inc. | Casey Lins
Features
Bed(s)
4
Bath(s)
17
SQ Feet
7,440
Story(s)
3
Units
17
Building(s)
1
Zoning
LAM2
Acreage
0.06
Interior
Cooling
None
Cooling Yes / No
No
Exterior
Security Features
Gated Community
Parking
Parking Features
None
Location
Community Features
Gated
Area Information
State
CA
County
Los Angeles
City
Los Angeles
Zip Code
90013
Area
C42 Downtown L.A.
Sourced by Back At You
MLS#: 25620269 Listed By: Casey Lins - Kidder Mathews of California, Inc. - 8583693010-
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MLS#: 25620269 Listed By: Casey Lins - Kidder Mathews of California, Inc. - 8583693010-
Price Reduced Listing
