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Property Description

First time on the market in 47 years! Located on a charming tree lined street, steps away from Melose shops and dining. This 19 unit building consists of (15) two-bedroom units, (3) one-bedroom units, and (1) two-bedroom unique owner's penthouse unit with beautiful Hollywood Hills views. FIVE UNITS DELIVERED VACANT! Upgrade and increase rental incomes. The building is 23,611 gross square feet and sits on a 12,079-square-foot lot. Residents enjoy a 93 walk score with unparalleled access to world-class dining, retail shops, and entertainment along the renowned Melrose Ave. with Beverly Hills just minutes away. This prime location ensures excellent connectivity via La Cienega Blvd and Melrose Ave, offering both lifestyle and convenience. This offering presents a value-add investment opportunity, offering a 5.4% initial CAP rate with the potential to achieve 7.30% once units turnover. Don't miss your chance to own a piece of this thriving community where culture, And prime location create an ideal environment for residents to live, work, and play. (All Electric Building, 31 Parking Spaces, Photos reflect a sampling of all currently vacant units)

Overview

Property Status
Sold
Lot Size
0.28 Acres
MLS ID
25-485757
Property Type
Multi-Family
Year Built
1964

Features & Amenities

Architecture Styles
Contemporary
Water Frontage
None
View Description
City Lights, Hills
Stories
3
Garage Spaces
27.0
Pool
None
Lot Features
Gated Community
Parking
Auto Driveway Gate, Community Garage, Tandem, Subterranean
Heat Type
Radiant
Air Conditioning
Wall Unit(s)
Laundry Room
Community, Room
Fireplace
None
Appliances
Garbage Disposal, Range/Oven, Elevator, Intercom
Other Interior Features
Elevator
Sewer
In Street
Security Features
Gated, Automatic Gate, Community, Fire and Smoke Detection System
Sales Price
$6,526,000
Zoning
WDR3C*

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626 N Flores St

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Thank you

for your interest in 626 N Flores St, West Hollywood, CA 90048

626 N Flores St
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