Listing provided courtesy of Alex Galuz of Keller Williams Realty Calabasas. Last updated 2025-03-13 08:11:27.000000. Listing information © 2024 Sandicor.
Asking Price: $1,850,000 |
553 Ceres, Los Angeles CA 90013
Community: C42 - Downtown L.A.
This property was built in 1903 and is priced at $1,850,000. Please see the additional details below.
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.
