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553 Stanford Avenue

Los Angeles, CA 90013

– beds
– baths
– sqft
2,752 sqft lot
1907 build
– on site

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 CRMLS_CA / Casey Lins / Kidder Mathews of California, Inc.

Last checked: Checking… • Last updated Nov 4, 2024 •

MLS# 24450419 —

The Building

Year Built:

1907
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

7440.00
# of Buildings:

1
Total Number Of Units:

17
Stories Total:

3

Interior

Levels:

Three Or More

Location

Directions:

Google Maps: 553 Stanford Ave, Los Angeles, CA 90013
Latitude:

34.04142200
Longitude:

-118.24251200

The Property

Property Type:

Residential Income
Zoning:

LAM2
Lot Size Area:

2752.0000
Lot Size Acres:

0.0632
Lot Size SqFt:

2752.00
Lot Size Source:

Assessor
Additional Parcels:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5147020027

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

No
Cooling:

None

Appliances

Included:

Yes

The Community

Senior Community:

No
Association:

No
Assessments:

No

Parking

Parking:

No
Parking:

None

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/8/24 Oct 8, 2024	Listed / Active	CRMLS_CA	$1,600,000	90.5% (13.5% / YR)
2/2/18 Feb 2, 2018		CRMLS_CA	$840,000

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This multifamily located in Central LA, Los Angeles, CA 90013 is currently for sale for $1,600,000. 553 Stanford Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 40 days. 553 Stanford Avenue is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 90, making it a walker’s paradise. This multifamily is in the attendance area of Ramon C Cortines School Of Visual And Performing Arts, Hollenbeck Middle School, Belmont Senior High School, Miguel Contreras Learning Complex - School Of Social Justice, Edward R. Roybal Learning Center, 9th Street Elementary School, Miguel Contreras Learning Complex - Los Angeles School Of Global Studies, Miguel Contreras Learning Complex - Business And Tourism, and Miguel Contreras Learning Complex - Acdemic Ldrshp Community.

Listing Courtesy of: CRMLS_CA and Kidder Mathews of California, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 23:37 on Nov 16.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.