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$ 2,675,000
Est. payment | /mo
14 Beds
12 Baths
7,087 SqFt
$ 2,675,000
Est. payment | /mo
14 Beds
12 Baths
7,087 SqFt
Key Details
Property 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
HOA Y/N No
Year Built 1963
Lot Size 5,758 Sqft
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 C10 - West Hollywood Vicinity
Zoning WDR3C*
Interior
Interior Features Ceiling Fan(s)
Heating Central
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Concrete
Total Parking Spaces 5
Building
Faces East
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5528014042
Special Listing Condition Standard
Listed by Saadia 'Sam' Liberow • Marcus & Millichap