7949 Romaine St, West Hollywood, CA 90046

7949 Romaine St, West Hollywood, CA 90046
  • $3,799,000

Description

Ideal location, a value-add 12-unit property located at 7949 Romaine St. in the sought after West Hollywood area.

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 SF building that is sitting on a 6,181 SF 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 marketing 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 high demand rental neighborhood.

  • City West Hollywood
  • State/county CA

Details

Updated on October 26, 2020 at 12:26 pm
  • Price: $3,799,000
  • Property Size: 9,592 Sq Ft
  • Land Area: 6,181 Sq Ft
  • Year Built: 1955
  • Property Type: Multifamily
  • Property Status: Active

Overview

  • Multifamily
  • Property Type
  • 9,592
  • Sq Ft
  • 1955
  • Year Built

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