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4959 Romaine St
Los Angeles, CA 90029
Pepper Tree Ranch · Multifamily Property For Sale
·
21 Units
Investment Highlights
- 20-unit turn-key investment opportunity located in Los Angeles’ East Hollywood neighborhood, just south of Santa Monica Blvd
- The property will be delivered with RTI plans in-place to convert the existing community laundry room into a 1+1 500 SF ADU.
- The opportunity to purchase a newly renovated asset with strong in-place cash flow to provide long term passive income
- 18 one-bedrooms, and two two bedrooms all; all spacious units with meticulous renovations. Eighteen parking spaces with no soft-story work required
- 4959 Romaine Street has low operating expenses as the building is separately metered for gas and electric and has a RUBS program in place
- CAP rate is 4.56% on current income with an additional 19% rental upside
Property Facts
| No. Units | 21 | Lot Size | 0.36 AC |
| Property Type | Multifamily | Building Size | 15,520 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1956 |
| Building Class | C | Parking Ratio | 1.16/1,000 SF |
| Zoning | LAR3 | ||
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 15,520 SF |
| No. Stories | 3 |
| Year Built | 1956 |
| Parking Ratio | 1.16/1,000 SF |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Hardwood Floors
- Range
- Tub/Shower
- Breakfast Nook
- Garden
Site Amenities
- Courtyard
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 19 | - | 769 - 825 |
| 2+1 | 1 | - | 1,023 |
| 2+2 | 1 | - | 1,133 |
Property Taxes
| Parcel Number | 5538-003-011 | Improvements Assessment | $2,080,800 |
| Land Assessment | $5,202,000 | Total Assessment | $7,282,800 |
Property Taxes
Parcel Number
5538-003-011
Land Assessment
$5,202,000
Improvements Assessment
$2,080,800
Total Assessment
$7,282,800
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