Listing Agency: Marcus & Millichap - Encino

Listed By: Sam Liberow · License #CA 01933858

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 31 at 2:49AM

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Investment Insights

Based on property information with market context.

This West Hollywood multifamily property includes five units plus one RTI ADU. The configuration provides an apartment-building format with an additional accessory dwelling component. The property is offered for sale and carries a 5.73% CAP rate.

Key Highlights

• Five apartment units plus 1 RTI ADU
• 5.73% CAP rate
• Located in West Hollywood

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Auto Parts Store Daycare Center Grocery & Convenience Store Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6

Residential units

Location Intelligence

Trade Area within ½ mile

9,771

Businesses Nearby

Explore this area Business Placement

Demographics for 90048, CA

22,604

Population

13,733

Households

1.6

Avg Household Size

39

Median Age

69%

College-Educated

96%

High-School Grad

1.9 sq mi

ZIP Area

11,897

Density / Sq Mi

$104,227

Median Household Income

$83,951

Median Earnings

$2,359

Median Rent

$1,847,500

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property in West Hollywood with an additional RTI ADU.

Where is this apartment building located?

The property is located at 553 Flores St West Hollywood, CA.

What are key features of this property?

This property features: Five apartment units plus 1 RTI ADU; 5.73% CAP rate; Located in West Hollywood