553 N Flores St new Save Request In-Person Tour Request Virtual Tour
West Hollywood,CA 90048
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 $377
MLS Listing ID 25554193
Bedrooms 14
Year Built 1963
Lot Size 5,758 Sqft
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 5.52% 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
Structure Type Stucco
Others
Special Listing Condition Standard