553 Ceres Avenue, Los Angeles, CA 90013

Photo 1

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.

Interior Features

Interior Information
Cooling Type None

Listing Information

Address 553 Ceres Avenue
City Los Angeles
State CA
Zip 90013
County Los Angeles
Listing Agent Alex Galuz DRE #01291486
Courtesy Of Keller Williams Realty Calabasas
List Price $1,850,000
Status Active
Type Residential Income
Structure Size 5,430
Lot Size 3,858
Year Built 1903

Listing information courtesy of: Alex Galuz, Keller Williams Realty Calabasas. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 6th, 2025 at 3:10 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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. Properties may or may not be listed by the office/agent presenting the information.