553 Stanford Avenue, Los Angeles, CA 90013
List Price: $1.38M
Listing Status: Active
Original List Price: $1.55M
0Days on Market: 198
4 Bedrooms · 17 Bathrooms · 7,440 sq ft
Property Type: ResidentialIncome
Year Built: 1907
Lot Size: 2,752 sq ft
MLS Number: 25620269
About This Property
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.
Listing provided by: Casey Lins DRE #01902650 858-369-3010 Casey.Lins@kidder.com, Kidder Mathews of California, Inc.
Source: CRMLS, MLS #: 25620269
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.