553 Ceres Ave Los Angeles, CA 90013
Downtown LA NeighborhoodEstimated payment $12,081/month
Total Views
1,158
--
Bed
--
Bath
5,430
Sq Ft
$341
Price per Sq Ft
About This Home
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
Home Type
- Multi-Family
Est. Annual Taxes
- $24,001
Year Built
- Built in 1903
Interior Spaces
- 5,430 Sq Ft Home
- 2-Story Property
Additional Features
- 3,858 Sq Ft Lot
- Forced Air Heating System
Community Details
- 28 Units
Listing and Financial Details
- Assessor Parcel Number 5147-016-019
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $24,001 | $1,787,472 | $1,005,761 | $781,711 |
| 2024 | $24,001 | $1,752,425 | $986,041 | $766,384 |
| 2023 | $23,471 | $1,718,064 | $966,707 | $751,357 |
| 2022 | $22,421 | $1,684,377 | $947,752 | $736,625 |
| 2021 | $22,050 | $1,651,351 | $929,169 | $722,182 |
| 2019 | $5,099 | $267,005 | $140,530 | $126,475 |
| 2018 | $4,985 | $261,771 | $137,775 | $123,996 |
| 2016 | $4,768 | $251,608 | $132,426 | $119,182 |
| 2015 | $4,690 | $247,829 | $130,437 | $117,392 |
| 2014 | $4,652 | $242,975 | $127,882 | $115,093 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/05/2025 03/05/25 | Off Market | $750 | -- | -- |
| 02/05/2025 02/05/25 | For Sale | $1,850,000 | 0.0% | $341 / Sq Ft |
| 01/17/2025 01/17/25 | For Rent | $750 | 0.0% | -- |
| 12/04/2024 12/04/24 | Off Market | $750 | -- | -- |
| 08/31/2024 08/31/24 | Price Changed | $750 | 0.0% | $6 / Sq Ft |
| 08/29/2024 08/29/24 | For Rent | $750 | -- | -- |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Priority Title Company | |
| Grant Deed | $1,605,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $103,000 | Orange Coast Title | |
| Grant Deed | $120,000 | Orange Coast Title | |
| Interfamily Deed Transfer | -- | Orange Coast Title | |
| Trustee Deed | $260,259 | Stewart Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $959,229 | New Conventional | |
| Closed | $1,022,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $123,000 | Commercial |
Source: Public Records
Similar Homes in the area
Source: The MLS
MLS Number: 25495039
APN: 5147-016-019
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