626 N Flores Street
West Hollywood, CA, 90048
$6,500,000
Beds
0 Baths
SqFt
0.28 Acres
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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)

Property Details

Price:
$6,500,000
MLS #:
25485757
Status:
Pending
Baths:
0
Address:
626 N Flores Street
Type:
Residential Income
Neighborhood:
c10westhollywoodvicinity
City:
West Hollywood
Listed Date:
Jan 20, 2025
State:
CA
ZIP:
90048
Lot Size:
12,079 sqft / 0.28 acres (approx)
Year Built:
1964
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Schools

Interior

Appliances
Disposal, Electric Cooktop
Fireplace Features
None
Heating
Radiant
Interior Features
Elevator

Exterior

Garage Spaces
27.00
Parking Features
Auto Driveway Gate, Community Structure, Tandem Garage, Subterranean
Parking Spots
31.00
Pool Features
None
Security Features
Gated Community, Automatic Gate, Fire and Smoke Detection System
Sewer
Other
Spa Features
None
Stories Total
3
View
City Lights, Hills

Financial

Tenant Pays
Electricity, Cable T V

Map

Community

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626 N Flores Street
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