553 N Flores St 6 Unit Apartment Building $3,455,350 CAD ($575,892 CAD/Unit) 5.64% Cap Rate Los Angeles, CA 90048

Excellent Unit Mix: This property offers a highly desirable and well-balanced unit configuration, featuring one 1+1, one 2+2, one 3+3, two 3+2s, and a newly constructed 2+2 ADU. The variety appeals to a broad tenant base—from young professionals to families—ensuring high occupancy, reduced vacancy risk, and enhanced marketability. This diversified mix also provides stability by attracting multiple renter profiles and supporting long-term tenant retention.
Prime Location: Located in the vibrant core of West Hollywood, this property places residents at the intersection of culture, convenience, and lifestyle. Nearby attractions include The Grove, the Original Farmers Market, Melrose Avenue, and an array of boutique shops. Dining options such as Catch LA, Sushi Ginza Onodera, and Urth Caffé are just minutes away. Plus, the world-renowned “Golden Triangle” in Beverly Hills is only a 10-minute drive—fueling tenant demand and premium rental income.
Walker's Paradise: With a Walk Score of 93, this property is ideally situated in a vibrant, amenity-rich neighborhood. Residents enjoy convenient access to cafés, shops, parks, and entertainment, whether by foot, mobility device, or other modes of transportation. The location supports a variety of lifestyles and preferences, contributing to resident satisfaction, strong retention, and overall investment appeal.
Stabilized Asset: A rare opportunity to acquire a stabilized, income-producing asset in a supply-constrained submarket, offering a strong 5.64% CAP rate. Three of the five units have been extensively renovated to achieve market rents and now feature in-unit washers and dryers. Additionally, the newly constructed 2-bedroom, 2-bath ADU has received its Certificate of Occupancy and is currently leased at market rent.
Desirable Demographics: West Hollywood showcases a thriving and affluent population, with an average household income approaching $117,020 within a one-mile radius. This strong economic profile supports a high-quality tenant base, ensuring steady demand and reinforcing the area’s reputation as a premium rental market.
Opportunity Overview: 553 Flores Ave is a rare investment opportunity in the heart of West Hollywood, a vibrant and high-demand neighborhood known for its cultural energy and walkability. Offering strong in-place income, a solid tenant base, and long-term growth potential, this well-located asset combines stability, appreciation, and lasting appeal in one of the most dynamic rental markets in the country.