#24467847, Tori Horowitz, Listing Office: Compass
#24450419·
Listing Office: Kidder Mathews of California, Inc.·
Listing Agent: Casey Lins·
Listing Office Phone: 858-369-3010
$10,000
closing credit¹
553 Stanford Ave Los Angeles, CA 90013
$1,600,000 List price
$10,000
Closing credit¹
4 beds
17 baths
7,440 sqft
0.06 acres
$215 / sqft
House
Property details
About 553 Stanford Ave
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.
Highlights
Home typeOther
HeatingWall Furnace
StatusActive
Size7,440 sqft
Lot size0.0632 Acres
Year built1907
MLS #24450419
Summary
- MLS Number: 24450419
- MLS Name: CRMLS
- Office Name: Kidder Mathews of California, Inc.
- Office Phone: (858) 369-3010
- Listing Agent: Casey Lins
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 1:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,600,000
553 Stanford Ave
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 26, 2018 | Home Sold | $882,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $983,884 | $14,637 |
| 2023 | $964,593 | $14,301 |
| 2022 | $945,680 | $13,683 |
| 2021 | $927,138 | $13,406 |
| 2020 | $917,632 | $12,199 |
| 2019 | $899,640 | $2,363 |
| 2018 | $67,821 | $2,341 |
| 2017 | $66,492 | $2,341 |
History based on county public records data.
Nearby schools
3
9th Street School
Public District KG-5
0.5 mi
•835 Stanford Ave
5
Para los Nios Charter
Public Charter KG-5
0.5 mi
•1617 E 7th St
4
San Pedro Street Elementary
Public District PK-5
1.2 mi
•1635 S San Pedro St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $9,944. Residents of Los Angeles, CA typically earn less than $<35k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
95%
<35k
5%
35k-100k
0%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
98%
Single, No Kids
1%
Single, with Kids
1%
Married, No Kids
0%
Married, with Kids
Are the neighbors home owners or renters?
Renters
How old are people in this area?
3%
<11 yrs old
3%
12-17 yrs old
13%
18-34 yrs old
74%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Art Museums
Where do the neighbors shop?
H&M
Banana Republic
Bloomingdales
Where do the neighbors go to eat?
Boston Market
Jack In The Box
Starbucks
What do the neighbors drive?
Honda
Toyota
Audi
What do the neighbors listen to?
Rhythmic Contemporary Hits
Jazz
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 553 Stanford Ave
This home is located at 553 Stanford Ave in Los Angeles, CA and zip code 90013 in the Central LA neighborhood. This 7,440 square foot home, which was built in 1907, sits on a 0.06 acre lot. Features: 4 bedrooms, 17 bathrooms. It has been listed on Rocket Homes since October 9, 2024 and is currently priced at $1,600,000.
While more than 524 listings in Los Angeles, CA in December 2024 were sold above asking price, there were more than 203 listings sold at asking price, and more than 740 were sold below. The inventory of homes for sale in Los Angeles, CA between November and December 2024 decreased by 5.3%. In December 2024, listings were on the market for 41 days. During the same period, the median list price in this real estate market was $1,026,634.
From Rocket Homes Real Estate and based on county public records data.