34.088894 -118.363045

7949 Romaine Street WEST HOLLYWOOD, CA 90046

283328566 34.088894 -118.363045 124 /listing/283328566-150140474/7949-romaine-street-west-hollywood-ca-90046 False 0 3700000.0 105 SB20225873 False
  • $3,700,000
  • 6,181 lot
  • Est payment $19862.4/mo

Property & Neighborhood Info

Courtesy Of Kelly Giery, Lyon Stahl Investment Real Estate, Inc.

Multi-Family in West Hollywood

Prime location, value-add 12-unit property located at 7949 Romaine Street in West Hollywood. 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 2.28% Cap, this property offers over great rental upside with a Market 7.27% Cap and 10.21 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.

Courtesy Of Kelly Giery, Lyon Stahl Investment Real Estate, Inc.
  1. 6,181 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1955
  • Garage: 8.0
  • County: LOS ANGELES
  • Units: 12
  • Zoning: WDR3C*
  • MLS Number:SB20225873

Additional Features

  • Common Walls:
    • 1 common wall
  • Land Size Source:
    • Assessor
  • Lot Features:
    • 0-1 Unit/Acre
  • Tenant Pays:
    • Electricity
    • Gas
  • Laundry:
    • Community
  • Water Source:
    • Public
  • Year Built Source:
    • Seller
  • Special Conditions:
    • Standard
  • Pool Features:
    • None
  • Sewer:
    • Public Sewer
  • Community Features:
    • Urban
  • CDOM:
    • 22
  • DOM:
    • 22
  • Gross Income:
    • 171960.00
  • Insurance Expense:
    • 0.00
  • Listing Key:
    • 364887623
  • Lot Size Acres:
    • 0.1419
  • Lot Size Square Feet:
    • 6181.00
  • Net Operating Income:
    • 84398.00
  • Number of Buildings:
    • 1
  • Operating Expense:
    • 82403.00
  • Parking Spaces:
    • 8.00
  • Price Per SQFT:
    • 385.74
  • Tax ID:
    • 5529014034
  • Total Expenses:
    • 82403.00
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Michelle Clark
Michelle Clark
Realtor
Mailing address: 1014 S.Westlake Blvd. Suite, 14 Westlake Village CA 91361
Request More Info
34.088894 -118.363045

7949 Romaine Street WEST HOLLYWOOD, CA 90046

283328566 34.088894 -118.363045 124 /listing/283328566-150140474/7949-romaine-street-west-hollywood-ca-90046 False 0 3700000.0 105 SB20225873 False
  • $3,700,000
  • 6,181 lot
  • Est payment $19862.4/mo