$2,495,000
$180K PRICE DROP

553 N Flores St West Hollywood, CA 90048

Estimated payment $16,063/month

Total Views 1,472
14 Beds
12 Baths
7,087 Sq Ft
$352 Price per Sq Ft

Highlights

  • Central Heating
  • Ceiling Fan
  • East Facing Home

About This Home

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."

Listing Agent

Sam Liberow

Marcus & Millichap License #01933858 Listed on: 06/19/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 5,758 Sq Ft Lot
  • East Facing Home

Home Design

  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 7,087 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Laundry in unit

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 12 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Driveway

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number 5528-014-042

Community Details

Overview

  • 6 Units

Building Details

  • Rent Control
  • Vacancy Allowance $6,744

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 7087
  • Lot Acreage: 0.1322
  • Stories: 2
  • Year Built: 1963
  • Number Of Photos: 60
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 14
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 12.00
  • Equipment: Refrigerator, Ceiling Fan
  • Price Per S Q F T: 352.05

Exterior Features

  • Direction Faces: East
  • Construction: Stucco
  • Other Structures: None
  • Roof: Flat

Garage/Parking

  • Other Spaces: 5
  • Parking Garage: Driveway - Concrete
  • Total Parking: 5

Utilities

  • Water Heater: Water Heater Unit
  • Cooling: Wall Unit(s)
  • Heating: Central
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 60.00
  • Assessed Improvement Value: 1139238
  • Assessed Land Percent: 40
  • Assessed Land Value: 759492
  • Total Assessed Value: 1898730
  • Assessor Parcel Number: 5528-014-042
  • Lot Size Area: 5758

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 11.10
  • Number Of Units: 6
  • Rent Control: 100
  • Total Annual Expense: 68255
  • Type Of Units: Standard
  • Vacancy Allow: 6744
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 6744

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2025 07/30/25 Price Changed $2,495,000 -6.7% $352 / Sq Ft
06/19/2025 06/19/25 For Sale $2,675,000 +46.6% $377 / Sq Ft
07/30/2021 07/30/21 Sold $1,825,000 -3.7% $289 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
04/29/2021 04/29/21 For Sale $1,895,000 0.0% $300 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
04/02/2021 04/02/21 For Sale $1,895,000 -- $300 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25554193

The MLS
California Los Angeles County West Hollywood 90048

553 N Flores St, West Hollywood, CA

This home is located at 553 N Flores St, West Hollywood, CA 90048 and is currently priced at $2,495,000, approximately $352 per square foot. This property was built in 1963. 553 N Flores St is a home located in Los Angeles County with nearby schools including Rosewood Avenue Elementary School, Hubert Howe Bancroft Middle School, and Fairfax High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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Nearby Homes
Sam Liberow
Listing Agent
Sam Liberow
Section Image
Marcus & Millichap
(718) 406-3128