Current CAP RATE 4.90% - Highest in the Area! The Romaine Garden, an excellent opportunity to acquire a 10-unit apartment building in one of the best highly sought rental locations in prime West Hollywood. The Romaine Garden, provides an excellent unit mix, consists of three (3) Two Bedroom/Two Bathroom units, three (3) Two Bedroom/One Bathroom units and four (4) One Bedroom/One Bathroom units. The property's 8,404 read more rentable square feet is situated on a 6,452 square foot lot. Selected units have been renovated, new windows, new cabinets in both kitchen and bathrooms, new flooring, new lighting and new stainless-steel appliances. The exterior and common areas have been extensively upgraded with new exterior paint, and new landscaping. An astute investor will benefit immediate cash flow, with the opportunity to capitalize significantly on higher market rents and to acquire a well maintained and low maintenance property in one of the most prime locations on the Westside of Los Angeles.
This listing is courtesy of the listing agent Iman Eshaghyan (#01494608), with the office Coldwell Banker Residential Br.
All data for this listing was last updated on September 20, 2018 at 07:51PM.
Source: California Regional Multiple Listing Service