7949 Romaine Street

West Hollywood, CA 90046

$3,890,000
Price
14
Beds
12
Baths
9,592 Sq. Ft.
$406 / Sq. Ft.
9,592
Sq. Ft.
$406
per Sq. Ft.

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....

Property Details for 7949 Romaine Street

Zoning
WDR3C*

Location

Listing Courtesy of Compass, Kenny Stevens, DRE #01090251; Major Properties, Bradley Luster, DRE #00913803

Property Details for 7949 Romaine Street

StatusActive Under Contract
MLS #21-103833
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.14 AC / 6,202 SF
CountyLos Angeles County

Listing Agent

Contact Agent(s)

Location

Listing Courtesy of Compass, Kenny Stevens, DRE #01090251; Major Properties, Bradley Luster, DRE #00913803

Virtual Tour

Listing Agents

  1. Kenny Stevens

    Kenny Stevens

    Listing Agent

    Compass

    DRE #01090251

Building Information for 7949 Romaine Street

Stories2Residences-Year Built1955Building Size-Lot Size0.14 AC / 6,202 SF

Payment Calculator

$13,037 per month

30 year fixed, 2.95% Interest

Principal and Interest

$13,037

Property Taxes

HOA Dues

$0

Property Information for 7949 Romaine Street

Summary
    Location and General Information
  • Cross Streets: N. Hayworth Avenue and Romaine Street
  • Directions: 1 block South of Santa Monica Blvd. and 1 block West of Fairfax Ave.
  • Year Built Source: Vendor Enhanced
  • View Description: None
  • View: No
  • Street Number Numeric: 7949
  • Street Name: Romaine
    Parking
  • Covered Parking: 8
  • Parking Garage: Covered Parking, Gated
  • Total Parking: 8
Property
    Property and Assessments
  • Assessor Parcel Number: 5529-014-034
  • Disclosures: As Is
  • Source Living Area: Other
  • Source Lot Size Area: Other
  • Number Of Photos: 6
    Lot Information
  • Area: West Hollywood Vicinity (C10)
  • Other Structures: None
  • Service Level: Full Service
  • Living Area: 9592
  • Lot Size Area: 6202
    Utilities
  • Laundry: Community
  • Pool Description: None
Interior and Exterior Features
    Exterior Features
  • Pool: No
    Interior Features
  • Baths Total: 0.0
  • Common Walls: Attached
  • Equipment: Other
  • Heating: Wall Furnace
  • Number Of Stories: 2
  • Beds Total: 14
Multi Family
    Income & Expenses Information
  • Scheduled Actual: Actual
  • Financial Info as Of: 11/09/2021
  • Gross Income: $174,768
  • Gross Operating Income: $170,399
  • Net Operating Income: $86,553.00
  • Total Annual Expense: 83846
    Unit Information
  • Type Of Units: Apartments
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117
    Unit 1 Information
  • Unit Beds1: 2
  • Unit Baths1: 1
  • Unit Projected Rent1: $2,750.00
  • Unit Actual Rent1: $2,750.00
  • Unit Furnished1: No
  • Like Units1: 1
  • Unit Rent1: $2,750.00
    Unit 2 Information
  • Unit Projected Rent2: $2,250.00
  • Unit Furnished2: No
  • Like Units2: 1
  • Unit Rent2: $2,250.00
  • Unit Beds2: 1
  • Unit Baths2: 1
  • Unit Actual Rent2: $2,250.00
    Unit 3 Information
  • Unit Beds3: 1
  • Unit Baths3: 1
  • Unit Actual Rent3: $1,850.00
  • Like Units3: 1
  • Unit Projected Rent3: $2,250.00
  • Unit Rent3: $1,850.00
  • Unit Furnished3: No
    Unit 4 Information
  • Unit Beds4: 1
  • Unit Baths4: 1
  • Like Units4: 1
  • Unit Actual Rent4: $1,628.00
  • Unit Projected Rent4: $2,250.00
  • Unit Rent4: $1,628.00
  • Unit Furnished4: No
    Unit 5 Information
  • Unit Beds5: 1
  • Unit Baths5: 1
  • Like Units5: 1
  • Unit Projected Rent5: $2,250.00
  • Unit Actual Rent5: $1,144.00
  • Unit Rent5: $1,144.00
  • Unit Furnished5: No
    Unit 6 Information
  • Unit Beds6: 1
  • Unit Baths6: 1
  • Like Units6: 1
  • Unit Actual Rent6: $1,133.00
  • Unit Projected Rent6: $2,250.00
  • Unit Rent6: $1,133.00
  • Unit Furnished6: No
    Unit 7 Information
  • Unit Beds7: 1
  • Unit Baths7: 1
  • Like Units7: 1
  • Unit Actual Rent7: $1,016.00
  • Unit Projected Rent7: $2,250.00
  • Unit Rent7: $1,016.00
  • Unit Furnished7: No
    Unit 8 Information
  • Unit Beds8: 1
  • Unit Baths8: 1
  • Unit Furnished8: No
  • Like Units8: 1
  • Unit Projected Rent8: $2,250.00
  • Unit Actual Rent8: $620.00
  • Unit Rent8: $620.00
    Unit 9 Information
  • Unit Beds9: 1
  • Unit Baths9: 1
  • Unit Furnished9: No
  • Like Units9: 1
  • Unit Projected Rent9: $2,250.00
  • Unit Actual Rent9: $547.00
  • Unit Rent9: $547.00
    Unit 10 Information
  • Unit Beds10: 1
  • Unit Baths10: 1
  • Unit Furnished10: No
  • Like Units10: 1
  • Unit Projected Rent10: $2,250.00
  • Unit Actual Rent10: $547.00
  • Unit Rent10: $547.00
    Unit 11 Information
  • Unit Beds11: 1
  • Unit Baths11: 1
  • Unit Furnished11: No
  • Like Units11: 1
  • Unit Projected Rent11: $2,250.00
  • Unit Actual Rent11: $547.00
  • Unit Rent11: $547.00
    Unit 12 Information
  • Unit Beds12: 2
  • Unit Baths12: 1
  • Like Units12: 1
  • Unit Projected Rent12: $2,750.00
  • Unit Furnished12: No
  • Unit Actual Rent12: $412.00
  • Unit Rent12: $412.00
Rental
    Rental Information
  • Vacancy Rate: 2 Units
  • Gross Rent Multiplier: $22.26
  • Number Of Buildings: 1
  • Number Of Units: 12
  • Rent Control: Yes
Additional Information
    Additional Information
  • Lot Size Square Feet: 6202

Property History for 7949 Romaine Street

DateEvent & SourcePriceAppreciation
Dec 6, 2021

Accepting Backup Offers

CRMLS #21103833

Dec 6, 2021

Accepting Backup Offers

CLAW #21-103833

Nov 9, 2021

Listed (Active)

CRMLS #21103833

$3,890,000
DateEvent & SourcePrice
12/06/2021

Accepting Backup Offers

CRMLS #21103833

12/06/2021

Accepting Backup Offers

CLAW #21-103833

11/09/2021

Listed (Active)

CRMLS #21103833

$3,890,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7949 Romaine Street

Taxable ValueLand$1,682,214Additions$537,002Total$2,219,216
Tax Record2021$29,257 ($2,438 / month)
Home Facts
Total Finished SqFt9,592 SqFtAbove Grade Finished SqFt9,592 SqFtLot Size6,202 SqFtStyleMulti-Family Res (5+ Units)Year Built1955Year Renovated1955ZoningWDR3C*CountyLOS ANGELESAPN5529-014-034

Schools near 7949 Romaine Street


SchoolTypeGradesDistanceRating
ABC Little SchoolPrivateK-10.1 mi
NR
Laurel ElementaryPublicK-80.1 mi
3
West Hollywood OpportunityPublic7-120.1 mi
NR
Ofman Learning CenterPrivate9-120.2 mi
NR

ABC Little School

K-1, 0.1 mi, Private

NR

Laurel Elementary

K-8, 0.1 mi, Public

3

West Hollywood Opportunity

7-12, 0.1 mi, Public

NR

Ofman Learning Center

9-12, 0.2 mi, Private

NR

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.

Listing Courtesy of Compass, Kenny Stevens, DRE #01090251; Major Properties, Bradley Luster, DRE #00913803

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.