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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 Type(s):
Residential Income
| Last Updated | 2/5/2025 | Year Built | 1903 |
|---|---|---|---|
| Community | Downtown L.A. | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| AREA | Downtown L.A. |
| GARAGE | None |
| HEAT | Forced Air |
| LOT | 3858 sq ft |
| PARKING | None |
| STORIES | 2 |
| ZONING | LAM2 |
Location
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Listed with Keller Williams Realty Calabasas
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