553 N Flores

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 (WalkScore.com–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.