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… Read More 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. Read Less
Property listed by Marcus & Millichap, Saadia 'Sam' Liberow 818-212-2700
Listing Snapshot
Days Online
15
Last Updated
Property Type
Other
Beds
14
Square Ft.
7,087
Lot Size
0.13 Acres
Year Built
1963
MLS Number
25554193
30 Days Snapshot Of 90048
$3.36M
+56%
(avg) sold price
12
-25%
homes sold
76
-10%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1963, Building area total: 7,087, Levels: Two, Living area: 7087, 2 stories, 1 building, Construction materials: Stucco
Heating
Central
Income
Gross income: $218,070, Net operating income: $147,677
Interior Features
CeilingFans
Lot
0.1322 acres, 5,758 square feet, Size: 5,758
Parking
5 open parking spaces, 5 totals parking, Concrete
Property
Zoning: WDR3C*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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