553 Stanford Avenue
Los Angeles, CA 90013
7440 sqft | 4 beds | 0.06 acres | #24450419
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.
Interior Details
- Bedrooms4
Property Details
- Stories3
Measurements
- Acres0.0632
- Square Feet7440
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1907
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$1,600,000
Other
- MLS #24450419
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Casey Lins (#CLW-C128038)
Listing Office: Kidder Mathews of California, Inc. (#CLW-X82410)
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