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$ 1,850,000
Est. payment /mo
Active
553 Ceres Avenue Los Angeles, CA 90013
5,430 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,430 sqft
Price per Sqft $340
MLS Listing ID CL25495039
HOA Y/N No
Year Built 1903
Lot Size 3,858 Sqft
Acres 0.09
Property Sub-Type Other
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
Zoning LAM2
Interior
Heating Forced Air
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 5147016019
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Listed by Alex Galuz • Keller Williams Realty Calabasas