7452 Romaine St - Apartments FOR SALE


West Hollywood, CA 90046
$2,895,000 USD
424-600-7633
7452 Romaine St, West Hollywood, CA for Sale
$2,895,000 USD
Apartments - FOR SALE
1/22
null | 4.62% Cap Rate

7452 Romaine St
West Hollywood, CA 90046


HIGHLIGHTS

  • Corner Location with Lots of Light - Between Santa Monica Blvd. and Melrose Ave.
  • Many Remodeled Units with Stacked Laundry and Communal Coin Laundry on site
  • Gardener St. Unit with Private Front Yard
  • Walker's Paradise - Walk to restaurants, bars, markets, shops and nightlife
  • Near Poinsettia Recreation Center and Plummer Park
  • Seismic Retrofit Completed in 2022 - ADU Potential in very deep Carports

OVERVIEW

PartnersCRE and BeachRock Group are proud to present for sale an 8 Unit Apartment Building deep in West Hollywood near Poinsettia Recreation Center and Plummer Park. Consisting of four 2+1s and four 1+1s, the property features many beautifully redone apartments and a substantial upside as the not-yet redone units turn over to new tenants. The corner-building apartments benefit from large windows bringing the outside in, giving the units a welcoming brightness during the day. The remodeled units feature stacked washer/dryer, and the building includes a communal coin laundry. Sandwiched between Santa Monica Blvd. and Melrose Ave., this property is highly sought after by tenants looking for a pedestrian friendly home-base. Walk Score states that this property is in a Walker's Paradise, where daily errands do not require a car. That said, the building features 5 very deep carports. Walk to restaurants, shops, markets, bars, clubs. The property is in the middle of one of the country's best nightlife destinations and fine dining options! The unit with the Gardener Street address has a private and secluded front yard. The Seller has lovingly kept up the property, added new landscaping on the sidewalks surrounding the building, and maintained the building with evident pride of ownership, ensuring that any and all items received immediate attention, including redoing the waterproofing of walkways, which means that the property is SB721 compliant. The Soft-Story Seismic Retrofitting was completed in 2022. There is potential to convert the carports into one or two ADUs.

FOR SALE DETAILS

PRICE

$2,895,000 USD

PRICE/SF

$433 USD /SF

# OF UNITS

8

PRICE/UNIT

$361,875

CAP RATE

4.62%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 Unit Corner Bldg. Walker's Paradise in WeHo

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,333 SF

ZONING

R3C, West Hollywood

APN/PARCEL ID

5531-024-012

ASK ABOUT THIS PROPERTY

Dario SvidlerPartners CRE - KWBHMore Info
424-600-7633

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Dario SvidlerPartners CRE - KWBHMore Info
424-600-7633

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.