7949 Romaine St, West Hollywood, CA 90046

$3,890,000
14
BD
12
BA
9,592
SqFt
List Price
$3,890,000
MLS#
21-103833
Year Built
1955
Bedrooms
14
Bathrooms
12
Living Sq. Ft
9,592
Lot Size
6,202
Days on Market
27
Property Type
Multifamily
Stories
2

Property Description

7949 Romaine Street, a 12-unit value-add investment property located in one of the trendiest neighborhoods of West Hollywood. Located 1 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. Built 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. These bright and spacious units average approx. 800 SF. Additionally, 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 Street 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.

Additional Information

Other Buildings
None
Pool Description
None
Heat
Wall
Cooling
Wall Unit(s)
View
None
Number of Cars in Garage
Covered Parking, Gated

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of , Kenny Stevens - CA DRE#

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