7949 Romaine Street
7949 Romaine Street
$3,500,000
14
12
9,592
9,592
$365
Sold 1/7/22
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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....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.
Listing Agents
Property Details for 7949 Romaine Street
Zoning
WDR3C*
Cross StreetsN. Hayworth Avenue and Romaine Street
Parcel Number5529014034
Total Units12.0
Living Area9592
Source Living AreaOther
AreaWest Hollywood Vicinity (C10)
Vacancy Rate2 Units
Location
LISTING UPDATED: 01/07/2022 02:36 PM
Property Details for 7949 Romaine Street
Status | Sold |
---|---|
MLS # | 21-103833 |
Days on Market | 48 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1955 |
Lot Size | 0.14 AC / 6,202 SF |
County | Los Angeles County |
Location
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Building Information for 7949 Romaine Street
Stories2Residences-Year Built1955Building Size-Lot Size0.14 AC / 6,202 SF
Payment Calculator
$22,907 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 7949 Romaine Street
Property History for 7949 Romaine Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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$2,652,000Additions$918,000Total$3,570,000
Tax Record2023$45,671 ($3,806 / month)
Home Facts
Total Finished SqFt9,592 SqFtAbove Grade Finished SqFt9,592 SqFtLot Size6,202 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningWDR3C*CountyLOS ANGELESAPN5529-014-034
Schools near 7949 Romaine Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 7 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Laurel Elementary School PublicK to 8 | ||
Fairfax Senior High School Public9 to 12 | ||
West Hollywood Opportunity School Public7 to 12 | ||
Whitman Continuation School Public9 to 12 |
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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