626 N Flores Street, West Hollywood, CA 90048
-
Listed Price :
$6,500,000
-
Beds :
35
-
Baths :
36
-
Property Size :
23,611 sqft
-
Year Built :
1964
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)
Interior Features
| Laundry Information |
| Location(s) |
Common Area, Laundry Room |
| Bedroom Information |
| Bedrooms |
35 |
| Bathroom Information |
| Bathrooms |
36 |
| Interior Information |
| Features |
Elevator |
Listing Information
| Address |
626 N Flores Street |
| City |
West Hollywood |
| State |
CA |
| Zip |
90048 |
| County |
Los Angeles |
| Listing Agent |
Danny Mahelka DRE #01170359 |
| Co-Listing Agent |
Shirley Bilfield DRE #00894035 |
| Courtesy Of |
Coldwell Banker Realty |
| List Price |
$6,500,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
23,611 |
| Lot Size |
12,079 |
| Year Built |
1964 |
Listing information courtesy of: Danny Mahelka, Shirley Bilfield, Coldwell Banker Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 20th, 2025 at 11:58 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
