626 N Flores St Pending Save Request In-Person Tour Request Virtual Tour
West Hollywood,CA 90048
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 23,611 sqft
Price per Sqft $275
MLS Listing ID 25-485757
Style Contemporary
Bedrooms 35
Year Built 1964
Lot Size 0.277 Acres
Acres 0.2773
Property Sub-Type Multi-Family
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)
Location
State CA
County Los Angeles
Area West Hollywood Vicinity
Zoning WDR3C*
Rooms
Other Rooms None
Interior
Interior Features Elevator
Heating Radiant
Cooling Wall Unit(s)
Fireplaces Type None
Equipment Garbage Disposal, Range/Oven, Elevator, Intercom
Laundry Community, Room
Exterior
Parking Features Auto Driveway Gate, Community Garage, Tandem, Subterranean
Garage Spaces 31.0
Pool None
Amenities Available Elevator, Gated Community
Waterfront Description None
View Y/N Yes
View City Lights, Hills
Building
Lot Description Gated Community
Story 3
Sewer In Street
Architectural Style Contemporary
Level or Stories One
Others
Special Listing Condition Standard