Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    547 Flores St West Hollywood, CA 90048-6036

    • Apartment buildings
    • 6,216 SF
    • 0.13 lot acres
    OFF-MARKET
    Last Sale
    Dec 20, 2023
    $2,380,023
    Value Estimations
    $2,365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8680554
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 547 Flores St

    Year built
    1959
    Construction
    WOOD
    Lot size
    0.13 lot acres
    Property size
    6,216 SF
    Zone code
    WDR3C*
    Property type
    Apartment buildings
    APN
    5528-014-041
    APU
    5528014041

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,275,000
      ML approach
      $2,230,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,648,000
      Market price range: $1.28M - $2.65M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,935,000
      Current use
      AUTO REPAIR, GARAGE
      $3,380,000
      Change: +75% Conversion: Difficult
      OFFICE BUILDING
      $3,120,000
      Change: +61% Conversion: Moderate
      MEDICAL BUILDING
      $2,830,000
      Change: +46% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $2,635,000
      Change: +36% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,860,000
      Change: -4% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.372
    Latitude
    34.0815
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $30,262
    $715,000
    $1,665,000
    $2,380,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $240,000
      0.14 Acres

      652 Cres Hts Blvd

      APARTMENT HOUSE (5+ UNITS) • 0.14 Acres
      652 Cres Hts Blvd, Los Angeles, CA 90048
      View Details
    • Value Estimation
      $325,000
      0.16 Acres

      8569 Burton Way

      APARTMENT HOUSE (5+ UNITS) • 0.16 Acres
      8569 Burton Way, Los Angeles, CA 90048-3380
      View Details
    • Value Estimation
      $290,000
      8,447 SF

      6611 Orange St

      APARTMENT HOUSE (5+ UNITS) • 8,447 SF
      6611 Orange St, Los Angeles, CA 90048-4644
      View Details
    • Value Estimation
      $355,000
      7,004 SF

      6500 Olympic Blvd

      APARTMENT HOUSE (5+ UNITS) • 7,004 SF
      6500 Olympic Blvd, Los Angeles, CA 90048-5361
      View Details
    • Value Estimation
      $620,000
      22,146 SF

      105 Orlando Ave

      APARTMENT HOUSE (5+ UNITS) • 22,146 SF
      105 Orlando Ave, Los Angeles, CA 90048-4145
      View Details
    • Value Estimation
      $420,000
      7,296 SF

      108 Orlando Ave

      APARTMENT HOUSE (5+ UNITS) • 7,296 SF
      108 Orlando Ave, Los Angeles, CA 90048-3464
      View Details

    Similar Nearby for Sale

    • $2,925,000
      7,392 SF

      Residential Income Property Near Melrose

      10-unit residential income property in a prime Los Angeles location.
      648 N Hayworth Ave, Los Angeles, CA 90048
      View Details
    • $615,000

      West Hollywood TIC Unit

      Upscale, rehabbed 1 bed, 1 bath TIC unit in Weho.
      536 N Orlando Ave, West Hollywood, CA 90048
      View Details
    • $2,800,000

      Beverly Grove Redevelopment Opportunity

      Prime redevelopment site in Beverly Grove with SB-8 exemption.
      350 Hayworth Ave, Los Angeles, CA 90048
      View Details
    • $1,845,000

      Vintage Building in Beverly Grove

      1937 character building in prime Beverly Grove location.
      6531 Orange St, Los Angeles, CA 90048
      View Details
    • $935,000
      1,426 SF

      Spacious Beverly Grove Condominium

      Refined 2-bedroom condo in walkable Beverly Grove neighborhood.
      305 Arnaz Dr, Los Angeles, CA 90048
      View Details
    • $2,690,000

      Beverly Grove Redevelopment Opportunity

      Prime redevelopment site in Beverly Grove with SB-8 exemption.
      350 N Hayworth Ave, Los Angeles, CA 90048
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,300 SF

      West Hollywood Executive Office Space

      Prime West 3rd Street location, 2,300 sq ft, renovated.
      8218 3Rd St, Los Angeles, CA 90048
      View Details
    • Contact for pricing
      1,800 SF

      West Hollywood Retail Space For Lease

      Prime West Hollywood location, 800 sq ft available.
      161-163 Crescent Heights Blvd, Los Angeles, CA 90048
      View Details
    • Contact for pricing
      5,642 SF

      Robertson Blvd Retail Opportunity

      Prime Los Angeles retail/restaurant space.
      120 Robertson Blvd, Los Angeles, CA 90048
      View Details
    • $120 SF/Yr
      1,950 SF

      Prime Robertson Blvd Retail Space

      1,950 SF Storefront - High Traffic Area
      109 Robertson Blvd, Los Angeles, CA 90048
      View Details
    • $71 SF/Yr
      10,084 SF

      West 3rd Street Retail Center

      Prime Los Angeles retail space. High visibility location.
      8500 3Rd St, Los Angeles, CA 90048
      View Details
    • $53 SF/Yr
      2,100 SF

      West 3rd Street Creative Office Space

      Prime Retail, 2100 sq ft, Turn-Key
      7928 3Rd St, Los Angeles, CA 90048
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    547 Flores St
    West Hollywood, CA 90048-6036
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.