For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $2,380,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 6,216 sqft
Price per Sqft $382
MLS Listing ID SB23193568
Sold Date 12/20/23
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1959
Annual Tax Amount $27,872
Tax Year 2024
Lot Size 5,754 Sqft
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.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Rooms
Ensuite Laundry Common Area, Laundry Room
Interior
Interior Features Balcony
Laundry Location Common Area,Laundry Room
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Flooring Laminate, Wood
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Gas Range, Gas Water Heater, Refrigerator, Dryer, Washer
Laundry Common Area, Laundry Room
Exterior
Exterior Feature Rain Gutters
Garage Covered, Public, Tandem, Uncovered
Carport Spaces 5
Fence Block, None
Pool None
Community Features Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View City Lights
Roof Type Flat
Parking Type Covered, Public, Tandem, Uncovered
Total Parking Spaces 10
Private Pool No
Building
Lot Description Rectangular Lot, Street Level
Faces East
Story 2
Entry Level Two
Foundation Slab, Tie Down
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5528014041
Security Features Smoke Detector(s)
Energy Description 1920.0
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash to New Loan
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Alex Galuz • Keller Williams Realty Calabasas
GET MORE INFORMATION