West Hollywood, CA 90048,553 N Flores St
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West Hollywood, CA 90048,553 N Flores St
West Hollywood, CA 90048,553 N Flores St
West Hollywood, CA 90048,553 N Flores St
West Hollywood, CA 90048,553 N Flores St
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$ 2,495,000
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Price Dropped by $180K

553 N Flores St West Hollywood, CA 90048

14 Beds

12 Baths

7,087 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,087 sqft

Price per Sqft $352

MLS Listing ID 25554193

Bedrooms 14

Year Built 1963

Lot Size 5,758 Sqft

Acres 0.1322

Property Sub-Type Multi-Family

Property Description

553 Flores Ave is a rare investment opportunity in the heart of West Hollywood, offering a strong unit mix and stable income in a high-demand rental market. The property includes one 1+1, one 2+2, one 3+3, two 3+2s, and a newly built 2+2 ADUappealing to a wide range of tenants and supporting long-term retention. Three units have been extensively renovated to achieve market rents and now feature in-unit laundry, while the ADU is newly leased at market rate. With a 6.00% CAP rate and a location in a supply-constrained submarket, this asset offers both immediate cash flow and long-term upside.Situated in a prime West Hollywood location with a Walk Score of 93, residents enjoy unmatched access to The Grove, Melrose Avenue, top dining spots like Catch LA, and the Beverly Hills "Golden Triangle."

Location

State CA

County Los Angeles

Area West Hollywood Vicinity

Zoning WDR3C*

Rooms

Other Rooms None

Interior

Heating Central

Cooling Wall Unit(s)

Equipment Refrigerator, Ceiling Fan

Laundry In Unit

Exterior

Parking Features Driveway - Concrete

Garage Spaces 5.0

Roof Type Flat

Building

Story 2

Level or Stories Two

Structure Type Stucco

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Marcus & Millichap
agent
Sharon Baluku

Agent | License ID: 02203810

+1(323) 381-0266 | sharon@omwoyo.com

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553 N Flores St