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553 Stanford Ave 17 Unit Apartment Building $2,162,560 CAD ($127,209 CAD/Unit) 9.58% Cap Rate Los Angeles, CA 90013
EXECUTIVE SUMMARY
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 9.58% CAP and 5.90 GRM on current rents with upside to operate at a 13.44% CAP and a 4.73 GRM.
The property is a three-story brick building constructed in 1908 with a unit mix of four one-bedroom units with five studio units 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, 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.
The property is a three-story brick building constructed in 1908 with a unit mix of four one-bedroom units with five studio units 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, 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.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$207,151
|
$27.84
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $207,151 |
| Annual Per SF | $27.84 |
PROPERTY FACTS
| Price | $2,162,560 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $127,209 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 9.58% | Building Size | 7,440 SF |
| Gross Rent Multiplier | 5.9 | Average Occupancy | 70% |
| No. Units | 17 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1907 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LAM2 - 2,752 SF LAM2 Zoned Midblock lot. | ||
| Price | $2,162,560 CAD |
| Price Per Unit | $127,209 CAD |
| Sale Type | Investment |
| Cap Rate | 9.58% |
| Gross Rent Multiplier | 5.9 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 7,440 SF |
| Average Occupancy | 70% |
| No. Stories | 3 |
| Year Built | 1907 |
| Opportunity Zone |
Yes |
| Zoning | LAM2 - 2,752 SF LAM2 Zoned Midblock lot. |
AMENITIES
UNIT AMENITIES
- Kitchen
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $2,110 CAD | 250 - 500 |
| Studios | 13 | $1,595 CAD | 250 - 500 |
1 1
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (89)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 5147-020-027 | Improvements Assessment | $930,616 CAD (2025) |
| Land Assessment | $479,698 CAD (2025) | Total Assessment | $1,410,314 CAD (2025) |
PROPERTY TAXES
Parcel Number
5147-020-027
Land Assessment
$479,698 CAD (2025)
Improvements Assessment
$930,616 CAD (2025)
Total Assessment
$1,410,314 CAD (2025)
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553 Stanford Ave
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