553 N Flores St
West Hollywood, CA 90048
10 Beds9 Baths7,087 Sq Ft119 Days on Market
For Sale $2,550,000
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Courtesy of Marcus & Millichap
Listing Agent & Comments
Saadia 'Sam' Liberow • Marcus & Millichap
818-212-2795 • sam.liberow@marcusmillichap.com License #01933858The property at 553 Flores Ave offers an excellent unit mix, including one 1+1, one 2+2, one 3+3, two 3+2 units, and RTI plans for a 2+2 ADU, attracting a wide range of tenants from young professionals to families. Situated in the heart of West Hollywood, it serves as a gateway to Los Angeles' cultural epicenter, near iconic landmarks like The Grove, Farmers Market, and Melrose Avenue, ensuring high tenant demand and premium rental rates. Nearby restaurants such as Catch LA, Sushi Gina Onodera, and Urth Caffe, with the "Golden Triangle" in Beverly Hills just a short drive away, add to its appeal. The property offers modern conveniences, fostering a sense of community and reducing reliance on transportation, leading to higher tenant retention and increased desirability. This stabilized asset presents an attractive acquisition in a supply-constrained market, offering a 5.73% CAP rate, with three of the five units extensively renovated and achieving market rents. The seller has secured approved plans for an ADU, enhancing rental income potential. West Hollywood's affluent demographic, with an average household income of nearly $131K within a mile, contributes to a favorable investment climate and sustained demand for quality rentals. Overall, 553 Flores Ave represents a compelling investment opportunity with strong fundamentals, a prime location, exceptional walkability, and promising growth prospects, making it a lucrative option for discerning investors in the dynamic Los Angeles real estate market.
MLS# 24395707 • Data provided by CRMLS
Living Area | 7,087 Sq.Ft. |
---|---|
Lot Size | 5,759 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 10 |
Bathrooms | 9 |
Stories | 2 |
Year Built | 1963 |
Property Type | Multi Family |
Zoning | -- |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | -- |
Tax Amount | -- |
Property in Flood Zone | -- |
Data provided by CRMLS.
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$2,465,314
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Sale history
New
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HouseCanary, Inc. Brokerage
553 N Flores St., West Hollywood, CA 90048
Multi Family10 Beds9 Baths7,087 Sq Ft119 Days on Market
Listing Agent & Comments
Saadia 'Sam' Liberow • Marcus & Millichap
818-212-2795 • sam.liberow@marcusmillichap.com License #01933858The property at 553 Flores Ave offers an excellent unit mix, including one 1+1, one 2+2, one 3+3, two 3+2 units, and RTI plans for a 2+2 ADU, attracting a wide range of tenants from young professionals to families. Situated in the heart of West Hollywood, it serves as a gateway to Los Angeles' cultural epicenter, near iconic landmarks like The Grove, Farmers Market, and Melrose Avenue, ensuring high tenant demand and premium rental rates. Nearby restaurants such as Catch LA, Sushi Gina Onodera, and Urth Caffe, with the "Golden Triangle" in Beverly Hills just a short drive away, add to its appeal. The property offers modern conveniences, fostering a sense of community and reducing reliance on transportation, leading to higher tenant retention and increased desirability. This stabilized asset presents an attractive acquisition in a supply-constrained market, offering a 5.73% CAP rate, with three of the five units extensively renovated and achieving market rents. The seller has secured approved plans for an ADU, enhancing rental income potential. West Hollywood's affluent demographic, with an average household income of nearly $131K within a mile, contributes to a favorable investment climate and sustained demand for quality rentals. Overall, 553 Flores Ave represents a compelling investment opportunity with strong fundamentals, a prime location, exceptional walkability, and promising growth prospects, making it a lucrative option for discerning investors in the dynamic Los Angeles real estate market.
MLS# 24395707 • Data provided by CRMLS
Living Area | 7,087 Sq.Ft. |
---|---|
Lot Size | 5,759 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 10 |
Bathrooms | 9 |
Stories | 2 |
Year Built | 1963 |
Property Type | Multi Family |
Zoning | -- |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | -- |
Tax Amount | -- |
Property in Flood Zone | -- |
Data provided by CRMLS.
We’ll connect you with top agents in your area.
This property is missing data for:
Sale history
New
Do you own this home?
Access your homeowner dashboard
For Sale $2,550,000
Request tour
Save
Courtesy of Marcus & Millichap
553 N Flores St
West Hollywood, CA 90048
10 Beds9 Baths7,087 Sq Ft119 Days on Market
Listing Agent & Comments
Saadia 'Sam' Liberow • Marcus & Millichap
818-212-2795 • sam.liberow@marcusmillichap.com License #01933858The property at 553 Flores Ave offers an excellent unit mix, including one 1+1, one 2+2, one 3+3, two 3+2 units, and RTI plans for a 2+2 ADU, attracting a wide range of tenants from young professionals to families. Situated in the heart of West Hollywood, it serves as a gateway to Los Angeles' cultural epicenter, near iconic landmarks like The Grove, Farmers Market, and Melrose Avenue, ensuring high tenant demand and premium rental rates. Nearby restaurants such as Catch LA, Sushi Gina Onodera, and Urth Caffe, with the "Golden Triangle" in Beverly Hills just a short drive away, add to its appeal. The property offers modern conveniences, fostering a sense of community and reducing reliance on transportation, leading to higher tenant retention and increased desirability. This stabilized asset presents an attractive acquisition in a supply-constrained market, offering a 5.73% CAP rate, with three of the five units extensively renovated and achieving market rents. The seller has secured approved plans for an ADU, enhancing rental income potential. West Hollywood's affluent demographic, with an average household income of nearly $131K within a mile, contributes to a favorable investment climate and sustained demand for quality rentals. Overall, 553 Flores Ave represents a compelling investment opportunity with strong fundamentals, a prime location, exceptional walkability, and promising growth prospects, making it a lucrative option for discerning investors in the dynamic Los Angeles real estate market.
MLS# 24395707 • Data provided by CRMLS
Living Area | 7,087 Sq.Ft. |
---|---|
Lot Size | 5,759 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 10 |
Bathrooms | 9 |
Stories | 2 |
Year Built | 1963 |
Property Type | Multi Family |
Zoning | -- |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | -- |
Tax Amount | -- |
Property in Flood Zone | -- |
Data provided by CRMLS.
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$2,465,314
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Sale history
New
Do you own this home?
Access your homeowner dashboard
For Sale $2,550,000
Request tour
Save
Courtesy of Marcus & Millichap