Active

553 Stanford Ave

Los Angeles CA, 90013

$1,600,000


$215.05 per sqft

Active

4 Beds

17 Baths

7,440 sqft

Multi-family

Built in 1907

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.

24-450419

MLS ID

October 8, 2024

Listed

November 22, 2024

Updated

Map

553 Stanford Ave
Los Angeles CA, 90013

Interior Features

Total Stories

3


Bedrooms

4


Total Bathrooms

17


Appliances

None


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.06 Acres

Other Property Details

Area Name

Downtown L.A.


Days on Market

27


Garage

No


Parking

None


Parking Total

0


View

No


County

Los Angeles


Pool

No


Zoning

LAM2

Listed by Casey Lins with Kidder Mathews of California, Inc.
Listing Contact: 714-333-6768 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor The MOV. Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 11/22/2024

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