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$2,495,000
Est. payment /mo
7,087 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,087 sqft
Price per Sqft $352
MLS Listing ID CL25554193
HOA Y/N No
Year Built 1963
Lot Size 5,758 Sqft
Acres 0.13
Property Sub-Type Other
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
Zoning WDR3
Interior
Heating Other
Fireplace No
Building
New Construction No
Others
Tax ID 5528014042
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Listed by Saadia 'Sam' Liberow • Marcus & Millichap
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