Eight-Unit Apartment
For Sale
$2,895,000
7452 Romaine St, West Hollywood, CA 90046
Residential Income, West Hollywood, CA
Property Size6,690 SF
Lot Size0.13 Acres
Price / SF$432.74
Days on Market31
Property Features for 7452 Romaine St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
WDR3C*
Bedrooms
12
Bathrooms
8
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 9, Bathroom 7, Bedroom 5, Bathroom 6, Bedroom 10, Bathroom 4, Bedroom 6, Bedroom 8, Bathroom 2, Bedroom 3, Bathroom 5, Bathroom 3, Bedroom 7, Bedroom 1, Bedroom 2, Bedroom 11, Bedroom 4, Bedroom 12, Bathroom 8
Parking
5
Parking features
Carport, Assigned, Covered
Directions
Between Santa Monica Blvd and Melrose Ave. Between Fairfax Ave. and La Brea Ave.
Subdivision
West Hollywood Vicinity
Standard status
Active
APN
5531-024-012
Size
6,690 SF
Lot size
0.13 Acres
Amenities
communal coin laundry
Building Details
Year built
1954
Floors in Building
2
Number of units
8
Listing Agency:
Keller Williams Beverly Hills · Keller Williams Realty
(310) 432-6400
Listed By:
Dario Svidler · License #01884474
(424) 600-7633
Added: Aug 4
Changed: Aug 19
Last Checked: Sep 3 at 2:06PM
MLS# 26868313
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1954, this eight-unit apartment property contains four two-bedroom/one-bath residences and four one-bedroom/one-bath residences within a 6,690-square-foot building on 0.1255 acres. Several apartments have been remodeled, including stacked washer/dryer installations, while residents also have access to a shared coin-operated laundry room. Corner units benefit from larger windows, and the residence fronting Gardener Street includes a private front yard.
The property is located at 7452 Romaine St in West Hollywood, between Santa Monica Boulevard and Melrose Avenue, near Poinsettia Recreation Center and Plummer Park. Restaurants, shops, markets, bars, clubs, and fine dining are described as walkable from the building. Five covered, assigned carports serve the property.
Building improvements include sidewalk landscaping, walkway waterproofing, and completed soft-story seismic retrofitting in 2022. The property is identified as SB721 compliant, and the carports may be convertible into one or two ADUs, subject to applicable approvals.
The property is located at 7452 Romaine St in West Hollywood, between Santa Monica Boulevard and Melrose Avenue, near Poinsettia Recreation Center and Plummer Park. Restaurants, shops, markets, bars, clubs, and fine dining are described as walkable from the building. Five covered, assigned carports serve the property.
Building improvements include sidewalk landscaping, walkway waterproofing, and completed soft-story seismic retrofitting in 2022. The property is identified as SB721 compliant, and the carports may be convertible into one or two ADUs, subject to applicable approvals.
Key Highlights
- 8‑unit apartment building with four 2+1s and four 1+1s
- 6,690 square feet on a 0.1255‑acre lot
- Five deep, covered, assigned carports
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$107,647
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,152,940
$2.2M
Cap Rate 7%
$1,537,814
$1.5M
Cap Rate 9%
$1,196,078
$1.2M
Market Conditions
NOI Build-Up for 6,690 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$212.7K $31.80/SF
− Vacancy
−$17.0K −$2.54/SF
EGI
$195.7K $29.26/SF
− OpEx
−$88.1K −$13.17/SF
NOI
$107.6K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,152,940
Cap Rate 7%
$1,537,814
Cap Rate 9%
$1,196,078
Alternative Uses
Best Use
Apartment 5plus
$1.54M
$1.35M – $1.79M
NOI $107,647 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.58M
$3.13M – $4.18M
NOI $250,726 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
4,631
Businesses Nearby
Explore this area
Business Placement
Demographics for 90046, CA
49,987
Population
31,929
Households
1.6
Avg Household Size
39
Median Age
63%
College-Educated
95%
High-School Grad
5.7 sq mi
ZIP Area
8,770
Density / Sq Mi
$94,259
Median Household Income
$65,607
Median Earnings
$2,204
Median Rent
$1,411,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment mix includes one- and two-bedroom residences, with remodeled units offering in-unit stacked laundry.
Where is this apartment building located?
The property is located at 7452 Romaine St West Hollywood, CA.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: 8‑unit apartment building with four 2+1s and four 1+1s; 6,690 square feet on a 0.1255‑acre lot; Five deep, covered, assigned carports
