The Agency The Agency

553 N Flores

West Hollywood, CA 90048
Last Listed Price $1,895,000
Property Type Multi-Family
Beds 10
Baths 9

Property Description

An extremely rare opportunity to acquire a well-located, high-quality apartment community with multiple scenarios to add future value., 5-unit multifamily property located in the always in-demand West Hollywood. Built in 1963, the property features one 1-bedroom unit, three 2-bedroom units, and one 3-bedroom unit. All units are occupied, with average in-place rents that are significantly below market allowing for substantial future upside scenarios. The Property is situated on 0.13 acres in a central, coveted “Walker’s Paradise” designation (–92 out of 100) location adjacent to the vibrant Melrose Avenue Shopping District and is directly served by several rapid bus lines and is located adjacent to several major surface arterials, for convenient access to the region’s substantial transportation network.

Property Specifics

Property Type: Multi-Family
Estimated Sq. Foot: 6,320
Lot Size: 5,758 sq. ft.
Price per Sq. Foot: $300
Building Units: N/A
Building Stories: N/A
Pet Policy: N/A
MLS ID: a0U3q00000v25j8EAA

Building Amenities

Private Outdoor Space Contemporary Energy Efficient

Unit Amenities

Central Wall Unit(s) Parking Assigned Parking Tandem Parking Carport Attached

Location & Transportation

Other Property Information


General Information
  • Year Built: 1963
  • Architectural Style: High or Mid-Rise Condo
  • Total Parking Spaces: 10
  • Parking Features: Parking Assigned, Parking Carport Attached, Parking Tandem
  • Carport: Yes
  • Attached Garage: Yes

Interior and Exterior Features

Interior Features
  • Living Area: 6,320 sq. ft.
  • Total Bedrooms: 10
  • Full Bathrooms: 9
  • Building Features: An Investor Win-Win, Value Add Opportunities, High Demand Location, Outstanding Area Amenities, Hottest Shopping Nearby
  • Stories: 2

Property Information

Lot Information
  • Lot Size: 5,758 sq. ft.
  • Cooling: Wall Unit(s)
  • Heating: Central

Estimated Monthly Payments

Monthly Total $9,089
Monthly Taxes N/A
Interest 6.00%
Down Payment 20.00%

Mortgage Calculator

Monthly Mortgage Cost $9,089 Monthly Charges $0 Total Monthly Payment $9,089
Calculation based on:
Price: $1,895,000
Charges: $0 * Additional charges may apply

Similar Listings

Building Information

Building Name: N/A
Property Type: Condo
Building Type: N/A
Pet Policy: Pets Allowed
Units: N/A
Stories: N/A
Built In: 1963
Sale Listings: 0
Rental Listings: 1
Land Lease: N/A
All information is deemed reliable but not guaranteed. Copyright 2023 The Agency. All rights reserved.
Last checked: Sep 26, 2023, 6:32 AM UTC
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