553 Ceres Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90013
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,430 sqft
Price per Sqft $340
MLS Listing ID 25495039
Year Built 1903
Lot Size 3,858 Sqft
Property Sub-Type Multi-Family
Property Description
Looking for a 8 cap day one with upside to a 10 cap- look no further. This 28 unit SRO building (SRO means Single Room Occupancy - they are like hotel rooms - no kitchens ) may be the right one for you. Located on the border of Downtowns thriving Arts District ( although it does touch Skid Row ) it is located on Ceres Street , which is only one street west of Central - the dividing line to the Arts District. This could be a cool starving artists rental community. Skid Row is going through some heavy revitalization with multiple developments being erected. $2B project on 5th and Central to name one of a few being worked on. We are on 6th and Central. There is also the $47.5-million Skid Row Connectivity & Safety Project in the works. Some of the rooms share common bathrooms on each floor. Some have private bathrooms. No Kitchens in these rooms.
Location
State CA
County Los Angeles
Area Downtown L.A.
Zoning LAM2
Rooms
Other Rooms None
Interior
Heating Forced Air
Cooling None
Equipment None
Exterior
Parking Features None
Building
Story 2
Others
Special Listing Condition Standard