553 Stanford AVE, Los Angeles, CA 90013
553 Stanford AVE, Los Angeles, CA 90013
553 Stanford AVE, Los Angeles, CA 90013
9
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$1,375,000
Est. payment /mo
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4 Beds
17 Baths
7,440 SqFt
Price Dropped by $75K

553 Stanford AVE Los Angeles, CA 90013

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Shauna Hernandez

Shauna Hernandez

+1(805) 668-4865

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,440 sqft

Price per Sqft $184

MLS Listing ID 25620269

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 9.73% CAP and 5.24 GRM on current rents with upside to operate at a 14.80% CAP and a 4.20 GRM. The property is a three-story brick building constructed in 1908 with a unit mix of four one-bedroom units and thirteen studio units with five studio units that will be 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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAM2

Interior

Cooling None

Fireplace No

Exterior

Parking Features None

Community Features Gated

Building

Story 3

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5147020027

Security Features Gated Community

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Casey Lins Kidder Mathews of California, Inc. #01902650

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Shauna Hernandez

Shauna Hernandez

Agent | License ID: 02226599

+1(805) 668-4865

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553 Stanford AVE

 
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