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Sold for $6,526,000
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    • $6,526,000

    626 N Flores St, Los Angeles, CA 90048

    35beds
    36baths
    23,611sqft
    Multi Family
    Built in 1964
    -- sqft lot
    $6,386,800 Zestimate®
    $276/sqft
    $2,641 Estimated rent

    Home value

    $6,386,800

    $5.75M - $7.09M

    $2,641/mo

    Zestimate® history
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    $41,539/mo

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    What's special

    Charming tree lined streetBeautiful hollywood hills views
    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)

    Zillow last checked:

    Listing updated:

    Listed by:

    Danny Mahelka DRE # 01170359 213-359-4097,

    Coldwell Banker Realty 310-777-6200,

    Shirley Bilfield DRE # 00894035 310-435-5032,

    Coldwell Banker Realty

    Bought with:

    Michael Monempour, DRE # 01996829

    Lyon Stahl Investment Real Estate, Inc.

    Source: CLAW,MLS#: 25-485757MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 35
    • Bathrooms: 36
    Heating
    • Radiant
    Cooling
    • Wall Unit(s)
    Appliances
    • Included: Electric Cooktop, Electric Cooking Appliances, Disposal, Range/Oven, Gas Water Heater
    • Laundry: Common Area, Laundry Room
    Features
    • Elevator
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 23,611
    • Total interior livable area: 23,611 sqft

    Property

    Parking
    • Total spaces: 33
    • Parking features: Auto Driveway Gate, Community Structure, Tandem, Subterranean
    • Garage spaces: 27
    • Carport spaces: 4
    • Covered spaces: 31
    • Uncovered spaces: 2
    Features
    • Levels: One
    • Stories: 3
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: City Lights, Hills
    • Waterfront features: None
    Lot
    • Size: 0.28 Acres
    • Features: City Lot
    Details
    • Additional structures: None
    • Parcel number: 5528015035
    • Zoning: WDR3C*
    • Special conditions: Standard
    • Other equipment: Intercom

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Contemporary
    • Property subtype: Multi Family
    Condition
    • Year built: 1964

    Utilities & green energy

    • Sewer: In Street

    Community & HOA

    Community
    • Security: Gated Community, Gated, Automatic Gate, Secured Community, Fire and Smoke Detection System
    HOA
    • Amenities included: Elevator(s), Gated
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $276/sqft
    • Tax assessed value: $1,895,884
    • Date on market: 1/20/2025
    • Tenant pays: Electricity, Cable TV

    Price history

    DateEventPrice
    3/18/2025Sold$6,526,000+0.4%$276/sqft
    Source: CLAW #25-485757 Report a problem
    1/23/2025Pending sale$6,500,000$275/sqft
    Source: CLAW #25-485757 Report a problem
    1/20/2025Listed for sale$6,500,000$275/sqft
    Source: CLAW #25-485757 Report a problem
    7/21/2022Listing removed--
    Source: Zillow Rental Manager Report a problem
    4/28/2022Listed for rent$2,500+4.2%
    Source: Zillow Rental Manager Report a problem
    11/4/2021Listing removed--
    Source: Zillow Rental Manager Report a problem
    10/14/2021Listed for rent$2,400
    Source: Zillow Rental Manager Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 90048

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    Estimated market value
    $6,386,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $6,386,800

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