Contemporary

626 N Flores Street

West Hollywood , CA 90048

MLS#: 25485757

$6,500,000

Status: Closed
Listing number: 25485757
Listing provided by: Coldwell Banker Realty
Listing agent phone: None
Last update: 7 months ago
On site: 9 months ago
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Property

Beds

35

Full Baths

None

1/2 Baths

None

Year Built

1964

Sq.Footage

23,611

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)

Features & Amenities

Interior

  • Other Interior Features

    Elevator

  • Total Bedrooms

    35

  • Bathrooms

    N/A

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Radiant

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    27

  • Parking

    Underground, Electric Gate, Garage, Community Structure, Tandem

  • Pool

    Yes

  • Pool Features

    None

  • View

    City Lights, Hills

Area & Lot

  • Lot Size(acres)

    0.2773

  • Property Type

    Residential Income

  • Architectural Style

    Contemporary

Price

  • Sales Price

    $6,500,000

  • Sq. Footage

    23, 611

  • Price/SqFt

    $275

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • Senior Community YN

    NO

  • Sewer

    Other

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Location

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Los Angeles

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Listing Courtesy of Danny Mahelka , Coldwell Banker Realty

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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)

626 N Flores Street

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