2 months on rocket

553 Stanford Ave, Los Angeles, CA, 90013

$1,600,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
17 Baths
7,440 SqFt
$215/SqFt
House

Location

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553 Stanford Ave, Los Angeles$1,600,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingNone
Year Built1907
HeatingWall Furnace
CoolingNone
MLS #24450419
Lot Size0.06 Acres
StatusActive

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.

Property Details

Property Features

Property Information:

  • Year Built: 1907
  • Stories: 3
  • Living Area: 7,440 SqFt

Listing Office:

  • Office Name: Kidder Mathews of California, Inc.
  • Office Phone: (858) 369-3010
  • Listing Agent: Casey Lins

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: Google Maps: 553 Stanford Ave, Los Angeles, CA 90013

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,600,000
  • Price Per SqFt: $215/SqFt

Tax Information:

  • Annual Amount: $13,407
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

553 Stanford Ave vs Los Angeles

69 DAYS ON ROCKET

+31 Days

$1,600,000

+$578.4K More

$215/SqFt

-$425 Less

KEY TAKEAWAY

This property is $578.4K more than the Median Sold Price and $425/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24450419

Listing Office:

  • Office Name: Kidder Mathews of California, Inc.
  • Office Phone: (858) 369-3010
  • Listing Agent: Casey Lins

IDX 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: 12/17/2024, 11:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$13,407$927,138
2020$12,199$917,632
2019$2,363$899,640
2018$2,342$67,821
2017$2,342$66,492

History based on county public records data.

Payment Calculator

$8,053

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,863

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4267599
3
/10

  • 9th Street School

  • 835 Stanford Ave

  • 0.47 miles

  • Public District Grades KG-5

school-card-donut-4267600
5
/10

  • Para los Nios Charter

  • 1617 E 7th St

  • 0.54 miles

  • Public Charter Grades KG-5

school-card-donut-4267601
4
/10

  • San Pedro Street Elementary

  • 1635 S San Pedro St

  • 1.22 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $9,944. The majority of Los Angeles, CA residents have income less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 553 Stanford Ave

What is the listing price of this property?

The listing price of 553 Stanford Ave property is $1,600,000.

What type of property is this?

The property 553 Stanford Ave is a house located in Los Angeles, California, 90013.

Is this property for sale now?

Active Listing: 553 Stanford Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $13,407 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 553 Stanford Ave has 4 bedrooms and 17 bathrooms.

What is the square footage of this property?

The property 553 Stanford Ave is 7,440 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 553 Stanford Ave is 1907.

Rocket Homes›California›Los Angeles County›Los Angeles›90013›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 09, 2024 and is currently priced at $1,600,000.

Los Angeles, CA housing market in November 2024 saw over 512 listings sold above listed price, more than 177 sold at listed price and over 657 sold below. In November 2024 in Los Angeles, CA there were 0.6% less homes for sale than in October 2024. While the average time on the market in November 2024 was 38 days, the median list price was $1,021,532.

From Rocket Homes Real Estate and based on county public records data.

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