
Closed Listing
7949 Romaine Ave.
7949 romaine ave
sold in
West Hollywood
Sold At
$
3,500,000
12
Number of Units
1955
Year Built
9,592
SF
Square Footage
6,202 SF
SF
Lot Size
WDR3C
Zoning
7949 Romaine St, West Hollywood, CA 90046
About the Property
7949 Romaine Ave is a 12-unit value-add multifamily property located in one of the trendiest neighborhoods of West Hollywood. Located 1/2 block south of Santa Monica Boulevard, the property is adjacent to some of the most popular shopping, dining and nightlife destinations along Santa Monica Blvd. and Fairfax Ave. Constructed in 1955, the 9,592 SF two-story building is comprised of (2) 2-bdrm. and 1-bath units and (10) one-bdrm. and one-bath units. Please note, 2 units will be delivered vacant upon COE. The units present a significant value-add opportunity to investors, as current rents are approx. 90% below market value for nicely remodeled units in the area. 7949 Romaine allows investors to acquire a phenomenal multifamily building in a prime location of one of LA's hottest rental markets, while having substantial financial upside.
12
Number of Units
1955
Year Built
9,592
SF
Square Footage
6,202 SF
SF
Lot Size
WDR3C
Zoning
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$350,000
Price p/ Sq. ft.
$385
Proforma Cap Rate
6.98




Contact
Sales agent
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