CA > West Hollywood
West Hollywood, CA 90048,626 N Flores ST
West Hollywood, CA 90048,626 N Flores ST
West Hollywood, CA 90048,626 N Flores ST
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Diego Magdaleno

Diego Magdaleno

1Vision Real Estate

+1(714) 376-8652
$6,500,000
Est. payment /mo
35 Beds
36 Baths
23,611 SqFt
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UPDATED:

01/23/2025 02:22 AM

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

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California Regional MLS (CRMLS)
Listed by Danny Mahelka • Coldwell Banker Realty
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If you are disappointed with the options available within your budget, let me know. 95% of the time, I can help "tweak" search criteria and find at least 10 properties that are tempting.

+1(714) 376-8652

diego@1visionproperties.com

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