553 Ceres Avenue
Los Angeles, CA, 90013
$1,850,000
Beds
0 Baths
SqFt
0.09 Acres
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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.

Property Details

Price:
$1,850,000
MLS #:
25495039
Status:
Active
Baths:
0
Address:
553 Ceres Avenue
Type:
Residential Income
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Feb 5, 2025
State:
CA
ZIP:
90013
Lot Size:
3,858 sqft / 0.09 acres (approx)
Year Built:
1903
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553 Ceres Avenue
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