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.