Address
7949 Romaine Street West Hollywood, CA
Price
$ 3,890,000
Property Attributes
  • MLS#21103833
  • TypeIncome
  • CountyLOS ANGELES
  • CityWest Hollywood
  • AreaWest Hollywood Vicinity
  • Zip90046
  • Style
  • Price$ 3,890,000
  • Bedrooms14
  • Full Bathrooms12
  • Half Bathrooms0
  • Sqr Footage9592
  • Lot Size6,202 SqFt
Listing Provided Courtesy Of:
Kenny Stevens with Compass - 310-968-7005
Data Source:
California Regional MLS (CRMLS) - 25 - CA
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.

Price History
11/10/2021 Listed $3,890,000

General Features

Co-Listing Agent State License # 00913803
Co-listing Agent Bradley Luster - BRE#00913803
Heating Wall Furnace
Listing Agent Kenny Stevens - BRE#01090251
Listing Agent State License 01090251
Lot Size Square Feet 6202
MLS Area C10 - West Hollywood Vicinity
Pool Features None
Property Type Residential Income
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
Total Units 12
View None
Virtual Tour https://vimeo.com/641249366
Zoning WDR3C*

Interior Features

Heating Y/N Yes
Laundry Features Common Area

Exterior Features

Lot Size Acres 0.14
Lot Size Area 6202
Lot Size Source Other
Lot Size Units Square Feet
Number of Buildings 1
Parking Features Covered, Gated
Total Parking 8

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90046

Price
AVG $2.77M
$3.89M
Visits
AVG 56
1
Year Built
AVG 1937
1955
Walkscore
AVG 90
95
Data Provided by Walkscore ® not using MLS data