Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

17

Building size

7,440 sqft

Lot size

2,752 sqft

Year built

1907

Stories

3

Cooling

None

Status

Active

Days on market

294

MLS #

235564239

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 11.49% CAP and 4.50 GRM on current rents with upside to operate at a 17.53% CAP and a 3.59 GRM. The property is a three-story brick building constructed in 1907 with a unit mix of four one-bedroom units and thirteen studio units. 4 studio units and 2 one-bedroom units will be delivered VACANT, for a total of 6 VACANT units. 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.

Location

553 Stanford Avenue

Los Angeles, Los Angeles, CA, 90013