553 Ceres Avenue,Los Angeles, CA 90013
Los Angeles, CA 90013
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.
Details
| MLS # | 25495039 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1903 |
| Days On Site | 163 |
| Listing Provided By | Keller Williams Realty Calabasas | Alex Galuz |
Features
| SQ Feet | 5,430 |
|---|---|
| Story(s) | 2 |
| Units | 28 |
| Building(s) | 1 |
| Zoning | LAM2 |
| Acreage | 0.09 |
Interior
| Cooling | None |
|---|---|
| Heating | Forced Air |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
Parking
| Parking Features | None |
|---|
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90013 |
| Area | C42 Downtown L.A. |