SOLD 12/20/2023
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Commercial sold for $2,380,000 in 59 days
547 N Flores St West Hollywood, CA, 90048
Off the market Other
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 as
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Property details
6,216 sqft interior area
View
City Lights
Land area
5,754 sqft (0.13 acres)
Address
547 N Flores St, West Hollywood, CA, 90048
City of California
West Hollywood
County
Los Angeles
Year Built
1959
District
Listing
Nearby major retailers
Trader Joe's
Whole Foods Market
T-Mobile
Gucci
Tom Ford
Supermarket: 13
Mobile phone: 11
Clothes: 2
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Interior Features
Laminate, Wood floors
Floor Covering
Laminate, Wood
Garage & Parking
Tandem, Other
Other rooms
Energy Star Windows Doors
Amenities
Other
Appliances
Dryer, Gas Water Heater
Listed by
John Martinez, Casa Bella Realty Group
Name
John Martinez
License number
01869835
Brokerage company
Casa Bella Realty Group
MLS #
CRSB23193568
Buyer agent
Name
Alex Galuz
Brokerage company
Keller Williams Realty Calabasas
Payment calculator
Calculate your monthly payments
Mortgage
$7,308
Taxes
$0
HOA dues
$0
Mortgage
$476,000 / 20%
2.28%
30 years
Your amount
$7,308 / month
Exterior Features
Stucco, Other construction
Construction
Stucco, Other
Lot details
TMK #5528014041
Lot Description
Level, Other
Parcel nr.
5528014041
90048 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90048
33%
Families with children
National average: 39%
61%
Non family households
473,344
Population
$131,662
Average Income
Age & gender
Median age 40 years
More info
Commute types
75% commute by car
More info
Education level
38% have bachelor education
More info
Number of employees
1% work in retail trade
More info
Vehicles available
52% have 1 vehicle
More info
Vehicles by gender
52% have 1 vehicle
More info
Housing market insights for
$2.55m
Neighborhood average
sales price*
sales price*
$1.73m
Neighborhood median
sales price*
sales price*
828
Number
of sales*
of sales*
Housing type
34% are apartments
More info
Rooms
37% of the houses have 2 or 3 rooms
More info
Bedrooms
45% have 2 or 3 bedrooms
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Owners vs Renters
67% are renters
More info
18 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Dec 20, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Dec 20, 2023 | Sold | $2,380,000 | 0 | Public Record |
| Dec 20, 2023 | Price Decrease | $2,380,000 -0.79% | 0 | MLS #CRSB23193568 |
| Nov 21, 2023 | Pending | $2,399,000 | 0 | MLS #CRSB23193568 |
| Nov 19, 2023 | Temporarily Withdrawn | $2,399,000 | 0 | MLS #CRSB23193568 |
| Nov 16, 2023 | For sale | $2,399,000 | 0 | MLS #CRSB23193568 |
| Oct 28, 2023 | Pending | $2,399,000 | 0 | MLS #CRSB23193568 |
| Oct 27, 2023 | Temporarily Withdrawn | $2,399,000 | 0 | MLS #CRSB23193568 |
| Oct 24, 2023 | For sale | $2,399,000 | 0 | MLS #CRSB23193568 |
| Oct 24, 2023 | Unavailable | $2,399,000 | 0 | MLS #CRSB23193568 |
| Oct 23, 2023 | New Listing | $2,399,000 | 0 | MLS #CRSB23193568 |
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Frequently Asked Questions about 547 N Flores St
What is 547 N Flores St?
547 N Flores St is a Commercial/Industrial propertywith 6,216 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
547 N Flores St, West Hollywood, CA, 90048.
What comparable properties are nearby?
Comparable nearby commercial properties include 909 N San Vicente Blvd, 1146 N Formosa Ave, 642 N Hayworth Ave, 648 N Hayworth Ave, 610 N Spaulding Ave, 1316 N Fairfax Ave.
Based on information from the bridgeMLS as of 05-19-2024. 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.
Listing last updated on: Dec 21, 2023
Verhouse Last checked 4 minutes ago
The closest grocery stores are Gelson's Market, 0.61 miles away and Trader Joe's, 0.65 miles away.
The 90048 zip area has a population of 473,344, and 33% of the families have children. The median age is 40.17 years and 75% commute by car. The most popular housing type is "apartment" and 67% is renter.
