CA > Los Angeles
Los Angeles, CA 90013,553 Stanford Ave
Los Angeles, CA 90013,553 Stanford Ave
Los Angeles, CA 90013,553 Stanford Ave
9
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$1,600,000
Est. payment /mo
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4 BD
17 BA
7,440 SqFt
Active

553 Stanford Ave Los Angeles, CA 90013

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Juliana McCormick

Juliana McCormick

+1(702) 202-9709

UPDATED:

11/04/2024 04:19 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,440 sqft

Price per Sqft $215

MLS Listing ID 24-450419

Bedrooms 4

Year Built 1907

Lot Size 2,752 Sqft

Acres 0.0632

Property 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.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAM2

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment None

Exterior

Parking Features None

Building

Story 3

Level or Stories Three Or More

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Kidder Mathews of California, Inc.

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Juliana McCormick

Realtor | RE.45715

+1(702) 202-9709

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553 Stanford Ave