553 Stanford Avenue
$1,600,000
4
17
7,440
7,440
$215
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...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.
- Listed by Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
Property Details for 553 Stanford Avenue
Zoning
LAM2
Parcel Number5147020027
Total Units17.0
Living Area7440
Source Living AreaAssessor
AreaDowntown L.A. (C42)
Vacancy Rate6%
Lot Size Area2752
LISTING UPDATED: 11/04/2024 09:19 AM
Property Details for 553 Stanford Avenue
Status | Active |
---|---|
MLS # | 24-450419 |
Days on Market | 83 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1907 |
Lot Size | 0.06 AC / 2,752 SF |
County | Los Angeles County |
Building Information for 553 Stanford Avenue
Stories3Residences-Year Built1907Building Size-Lot Size0.06 AC / 2,752 SF
Property Information for 553 Stanford Avenue
Property History for 553 Stanford Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 553 Stanford Avenue
Taxable ValueLand$334,654Additions$649,230Total$983,884
Tax Record2024$14,638 ($1,220 / month)
Home Facts
Total Finished SqFt7,440 SqFtAbove Grade Finished SqFt7,440 SqFtLot Size2,752 SqFtStyleMulti-Family Res (5+ Units)Year Built1907ZoningLAM2CountyLOS ANGELESAPN5147-020-027
Schools near 553 Stanford Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Ninth Street School PublicK to 5 | ||
Hollenbeck Middle School Public6 to 8 | ||
Edward R. Roybal Learning Center Public9 to 12 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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