Eight-Unit Apartment
For Sale
$2,895,000
7452 Romaine Street, West Hollywood, CA 90046
Renovated units, shared laundry, and on-site carports support resident convenience.
Property Size6,690 SF
Price / SF$432.74
Days on Market11
Property Features for 7452 Romaine Street
General Information
Standard status
Active
Size
6,690 SF
Total Parking Spaces
5
Property subtype
Multi-family
Units
Unit Mix
4 x 2BR/1BA, 4 x 1BR/1BA
Multifamily Units
8
Amenities
communal coin laundry
Building Details
Year Built
1954
Buildings
1
Listing Agency:
Keller Williams Beverly Hills
Listed By:
Dario Svidler
(714) 497-3550
Source:
Sevengables
Added: Jul 31
Changed: Aug 9
Last Checked: Aug 10 at 4:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Beverly Hills
Investment Insights
Based on property information with market context.
This 8-unit apartment building in West Hollywood offers a balanced mix of four 2+1 apartments and four 1+1 apartments. Several units have been remodeled, with stacked washer/dryers in the renovated apartments, while a communal coin laundry serves the building. Corner units benefit from large windows, and the apartment associated with the Gardener Street address includes a private front yard. The property contains 6,690 square feet and was built in 1954.
Five deep carports provide on-site parking. Recent property work includes sidewalk landscaping, walkway waterproofing, and completion of soft-story seismic retrofitting in 2022. The building is SB721 compliant. Positioned between Santa Monica Blvd. and Melrose Ave., the property is near Poinsettia Recreation Center and Plummer Park, with restaurants, shops, markets, bars, clubs, and fine dining within walking distance. The carports may offer potential for conversion into one or two ADUs.
Five deep carports provide on-site parking. Recent property work includes sidewalk landscaping, walkway waterproofing, and completion of soft-story seismic retrofitting in 2022. The building is SB721 compliant. Positioned between Santa Monica Blvd. and Melrose Ave., the property is near Poinsettia Recreation Center and Plummer Park, with restaurants, shops, markets, bars, clubs, and fine dining within walking distance. The carports may offer potential for conversion into one or two ADUs.
Key Highlights
- 8‑unit apartment building with four 2+1s and four 1+1s
- 6,690 SF building constructed in 1954
- Remodeled units include stacked washer/dryers; communal coin laundry serves the property
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated units, shared laundry, and on-site carports support resident convenience.
Where is this apartment building located?
The property is located at 7452 Romaine Street 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 SF building constructed in 1954; Remodeled units include stacked washer/dryers; communal coin laundry serves the property
