8011 Romaine St - Apartments FOR SALE
Los Angeles, CA 90046 |
$16,500,000 USD
310-922-0238
8011 Romaine St
Los Angeles, CA 90046
HIGHLIGHTS
- 1st Time to be Sold Since Construction! Over 60 Years!
- Excellent Unit Mix Offering Studio, 1, 2 & 3 Bedroom Layouts
- 18 Units Subject to City of West Hollywood Rent Control / 30 Units Subject to City of Los Angeles Rent Control
- Spacious Units Averaging Approx. 1058 SF Each
- Approximately 40% Rental Upside
- Gated Subterranean Parking - 63 Spaces - Over a 1:1 Parking Ratio
FOR SALE DETAILS
PRICE
$16,500,000 USD
PRICE/SF
$325 USD /SF
# OF UNITS
48
PRICE/UNIT
$343,750
CAP RATE
5.14%
% LEASED
94%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Romaine Towers
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1965
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.59 AC
LAND SF
25,639 SF
ZONING
LAR4
APN/PARCEL ID
5529-015-039,5529-015-040
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310-922-0238
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310-922-0238
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