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547 N Flores Street, West Hollywood, CA 90048
$2,380,000
547 N Flores Street, West Hollywood, CA 90048View this property at 547 N Flores Street, West Hollywood, CA 90048
547 N Flores StreetWest HollywoodCA90048
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Property Description
TOP AVAILABLE INVESTMENT UNITS IN WEHO at this time. Back on Market, buyer couldn't perform. Let me save you the time of running numbers on multiple properties in the area. With a GRM at 12.9 and a CAP at 5.58% (self-managed), this is it!
547 N Flores is a clean, low maintenance, 6-unit asset. It consists of two 3/2, one 2/2, one 2/1 and two 1/1. Five of the units have been updated within the past few years. All have an outdoor personal space via balcony or patio, updated energy efficient windows, central heating, kitchen appliances are included as well as the coin operated washer & dryer located in the common use laundry room on the first floor (refrigerators, stoves, dishwashers and coin operated washer & dryer all transfer with the building). Both 3/2 units have Central A/C and the rest have wall units.
The entire exterior of the building has just been pressure washed and painted with top Benjamin Moore long lasting elastomeric paint. Roof was replaced in Feb. 2020, Earthquake Foundation Bolting done in Aug. 2005 and Soft Story reinforcement was completed in Oct 2021. All copper plumbing. All electrical sub-panels have been updated. This is as solid and as sound as they come. The seller will NOT be conducting a 1031 exchange. No wait times here. Ready to close escrow at the asking price. Firm.
Full Property Details
Full Property Details for 547 N Flores St
General
- Sold For: $2,380,000
- Status: Closed
- Type: Multi-Family
- MLS ID: SB23193568
- Added to Site: 305 day(s) ago
Interior
- Rooms/Areas: Living Room
- Interior Features: Balcony, Copper Plumbing (Full)
- Fireplace(s): None
- Appliances: Dishwasher, Gas Range, Gas Water Heater, Refrigerator
- Flooring: Laminate, Wood
Rooms
Other Rooms
- Laundry: Common Area, Dryer Included, Individual Room, Washer Included
Additional Information
- Pool Description: None
- Spa Description: None
Exterior
- Exterior Features: Rain Gutters
Parking
- Parking Features: Public, Tandem Covered, Tandem Uncovered
- Parking: Public, Tandem Covered, Tandem Uncovered
Location
- Area: C10 - West Hollywood Vicinity
- County: Los Angeles
- Development Name: C10 - West Hollywood Vicinity
- Driving Directions: Melrose Ave, South onto Flores St
- Direction Faces: East
Heating & Cooling
- Cooling Type: Central Air, Wall/Window Unit(s)
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 6
- # Electric Meters: 6
Structural Information
- Foundation: Seismic Tie-Down, Slab
- Roof: Flat
- Windows: ENERGY STAR Qualified Windows, Skylight(s)
- Entry Location: Street front
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 6,216
- Year Built: 1959
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Lot Features
- Property View: City Lights
- Lot Size (Acres): 0.1321
- Lot Size Source: Assessor
- Lot Description: Level with Street, Rectangular Lot
Financial Considerations
- Price Per Sq. Ft.: $382.88
- Price Per Unit: 399833
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Exclusions: Tenant personal property
- Inclusions: All kitchen refrigerators, stoves, dishwashers. Coin operated washer & dryer. Heavy duty 2-story landlord ladder.
Listed by Casa Bella Realty Group, John Martinez
Sold by Keller Williams Realty Calabasas, Alex Galuz
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Schools
Schools serving 547 N Flores St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
503 N Croft Ave, Los Angeles, CA 90048 | K-6 | 0.2 mi | |
929 N Las Palmas Ave, Los Angeles, CA 90038 | 6-8 | 2.1 mi | |
7850 Melrose Ave, Los Angeles, CA 90046 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 547 N Flores St
Date
Details
Price
Change
Source
12/20/2023
Sold
$2,380,000
-0.79%
MLS
10/23/2023
Listed
$2,399,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
547 N Flores Street, West Hollywood, CA 90048 (MLS# SB23193568) is a Multi-Family property that was sold at $2,380,000 on December 20, 2023. Want to learn more about 547 N Flores Street? Do you have questions about finding other Multi-Family real estate for sale in West Hollywood? You can browse all West Hollywood real estate or contact a Coldwell Banker agent to request more information.