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Listed by: Casey Lins (714) 333-6768 DRE #01902650, Vincent Cook DRE #02012324 | Kidder Mathews of California, Inc. (858) 369-3010
$1,450,000
4 Beds
- 17 Baths
7,440sqft
553 Stanford Ave, Los Angeles, CA 90013
$1,450,000
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Multi Family
Built in 1907
$-- HOA
2,752 sqft lot
$195/sq.ft
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 9.16% CAP and 5.52 GRM on current rents with upside to operate at a 13.97% CAP and a 4.43 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 eas...
Continue ReadingProperty Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
1907
HOA Fees
-
Finished Area
7,440 sqft
Lot Size
2,752 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25620269
MLS Status
Active
Days on Market
259
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