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.