626 N Flores ST Pending Save Request In-Person Tour Request Virtual Tour
West Hollywood,CA 90048
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 23,611 sqft
Price per Sqft $275
MLS Listing ID 25485757
Bedrooms 35
HOA Y/N No
Year Built 1964
Lot Size 0.277 Acres
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 C10 - West Hollywood Vicinity
Zoning WDR3C*
Interior
Interior Features Elevator
Heating Radiant
Fireplaces Type None
Fireplace No
Appliance Electric Cooktop,Disposal
Laundry Common Area,Laundry Room
Exterior
Parking Features Underground,Electric Gate,Garage,Community Structure,Tandem
Garage Spaces 27.0
Carport Spaces 4
Garage Description 27.0
Pool None
Community Features Gated
View Y/N Yes
View City Lights,Hills
Total Parking Spaces 31
Private Pool No
Building
Faces West
Story 3
Entry Level One
Sewer Other
Architectural Style Contemporary
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5528015035
Security Features Fire Detection System,Security Gate,Gated Community,Smoke Detector(s)
Special Listing Condition Standard