Current Listing | Prime Location, Value-Add 12-Unit Property
Kelly Giery and Cameron Samimi of Lyon Stahl are pleased to present 7949 Romaine St, a prime location, a value-add 12-unit property located at 7949 Romaine Street in West Hollywood.
This property is listed at $3,799,000.
7949 Romaine comes with a great unit mix, consisting of (10)1-Bed/1-Bath units and (2)2-Bed/2-Bath units.
2 of the 1-Bed/1-Bath units will be delivered vacant at the close of escrow, allowing for immediate upside.
This is a large 9,592 sqft building that sits on a 6,181 sqft lot.
It has 8 gated parking spaces that are conveniently located for the tenants.
Being delivered at a 2.17% Cap, this property offers over great rental upside with a Market 6.87% Cap and 10.7 GRM.
This is the perfect opportunity for an owner/user buyer or an investor looking for a value-add product in a high demand rental neighborhood.
More on this Property:
For More Information, Contact:
Kelly Giery: [email protected]
Cameron Samimi: [email protected]