$2,460,000
$2,488,000
1.1%For more information regarding the value of a property, please contact us for a free consultation.
521 N Flores ST West Hollywood, CA 90048
5,662 Sqft Lot
Key Details
Sold Price $2,460,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV20020892
Sold Date 03/31/20
HOA Y/N No
Year Built 1962
Lot Size 5,662 Sqft
Acres 0.13
Property Description
521 N Flores Street is located south of the 2 Freeway, east of La Cienega Boulevard, between Melrose Avenue and Beverly Boulevard. It is located less than 1 mile from Cedars Sinai Medical Center, and within a 2 mile radius of The Grove and Sunset Plaza. It is also positioned in close proximity to Fairfax High School, Lauren Span School, Kings Rd Park and various restaurants and retailers all within walking distance.
The Flores Street Apartments is a rare, two-story, 5 unit property. The property is situated on a ±5,746 square foot lot with a total building size of ±5,275 square feet. The property offers an excellent unit mix of one-bedroom/one-bathroom units, two-bedroom/two-bathroom units, and three-bedroom/ two-bathroom units averaging 1,055 square feet. Additionally, the features 10 parking spaces, beautifully maintained landscaping, and an on-site laundry facility. Select units are renovated with new kitchens and new bathrooms. All units feature wall A/C and heat, hardwood and tile flooring with either a private patio, balcony or backyard.
The Flores Street Apartments is a prime West Hollywood, income producing property and a great long term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned value-add investor, or a 1031 exchange opportunity. An interested owner-user can take advantage and become a resident of the highly sought after city of West Hollywood.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning WDR3C*
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Curbs, Sidewalks
Private Pool No
Building
Lot Description Rectangular Lot
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5528014036
Energy Description 1477.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Farzin Pour • Pour & Associates