7949 Romaine Ave is a twelve-unit value-add West Hollywood multifamily investment located just south of Santa Monica Boulevard in one of the most dynamic and supply-constrained rental pockets in all of Los Angeles multifamily real estate. This two-story 9,592 square foot building was constructed in 1955 and features a highly rentable unit mix of (2) two-bedroom and one-bath units and (10) one-bedroom and one-bath units. The property sits on a 7,499 square foot lot and includes surface parking in the rear.

Positioned just west of Fairfax Avenue, 7949 Romaine Ave is walkable to many of the city’s most visited cultural destinations, restaurants, and nightlife hotspots, including Laurel Hardware, Employees Only, Gelato Festival, and Whole Foods. The location also offers immediate access to major thoroughfares such as Santa Monica Blvd, Melrose Avenue, and Fairfax, placing tenants within minutes of Beverly Hills, the Sunset Strip, Cedars-Sinai Medical Center, and The Grove.

The property presents a compelling value-add opportunity. Current rents are estimated to be approximately 90 percent below market value based on remodeled comparables in the surrounding area, giving investors a sizable margin to reposition and stabilize the asset at significantly higher income levels. Two units will be delivered vacant at close of escrow, providing a head start to execute the renovation plan and capture upside from day one.

With its unbeatable location, clear path to higher cash flow, and desirable unit mix in a perpetually high-demand submarket, 7949 Romaine Ave represents an outstanding opportunity to acquire a West Hollywood multifamily asset with long-term upside potential in the heart of the Los Angeles multifamily landscape.