$2,952,600
$2,950,000
0.1%For more information regarding the value of a property, please contact us for a free consultation.
7452 Romaine Street West Hollywood, CA 90046
6,690 SqFt
Key Details
Sold Price $2,952,600
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 6,690 sqft
Price per Sqft $441
MLS Listing ID CL23254023
Sold Date 06/13/23
HOA Y/N No
Year Built 1954
Lot Size 5,463 Sqft
Acres 0.13
Property Description
We proudly present 7452 Romaine St, 8 units in prime West Hollywood. The property has very attractive assumable financing: 3.95% loan with JP Morgan Chase, fixed until October 2026. $1,800,000 loan balance, 61% LTV. Many units have been extensively renovated and are achieving strong rents - which allows an investor to achieve a 6 percent cash-on-cash return day one. The soft story retrofit has been completed, and most units have in-unit washer & dryers. The property affords the opportunity to build additional ADUs in the existing carports. 7452 Romaine St is ideally situated on a quiet neighborhood street and close to shops and restaurants on Santa Monica Blvd.
Location
State CA
County Los Angeles
Area West Hollywood Vicinity
Zoning WDR3
Interior
Cooling None
Fireplace No
Appliance Dryer
Laundry Community Facility, Dryer, Washer
Building
Water Public
New Construction No
Others
Tax ID 5531024012
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with DarioSvidler