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8 Unit Corner Bldg. Walker's Paradise in WeHo 7452 Romaine St 8 Unit Apartment Building $4,056,040 CAD ($507,005 CAD/Unit) 4.62% Cap Rate West Hollywood, CA 90046
Investment Highlights
- Corner Location with Lots of Light - Between Santa Monica Blvd. and Melrose Ave.
- Gardener St. Unit with Private Front Yard
- Near Poinsettia Recreation Center and Plummer Park
- Many Remodeled Units with Stacked Laundry and Communal Coin Laundry on site
- Walker's Paradise - Walk to restaurants, bars, markets, shops and nightlife
- Seismic Retrofit Completed in 2022 - ADU Potential in very deep Carports
Executive Summary
PartnersCRE and BeachRock Group are proud to present for sale an 8 Unit Apartment Building deep in West Hollywood near Poinsettia Recreation Center and Plummer Park.
Consisting of four 2+1s and four 1+1s, the property features many beautifully redone apartments and a substantial upside as the not-yet redone units turn over to new tenants.
The corner-building apartments benefit from large windows bringing the outside in, giving the units a welcoming brightness during the day. The remodeled units feature stacked washer/dryer, and the building includes a communal coin laundry.
Sandwiched between Santa Monica Blvd. and Melrose Ave., this property is highly sought after by tenants looking for a pedestrian friendly home-base. Walk Score states that this property is in a Walker's Paradise, where daily errands do not require a car. That said, the building features 5 very deep carports.
Walk to restaurants, shops, markets, bars, clubs. The property is in the middle of one of the country's best nightlife destinations and fine dining options!
The unit with the Gardener Street address has a private and secluded front yard.
The Seller has lovingly kept up the property, added new landscaping on the sidewalks surrounding the building, and maintained the building with evident pride of ownership, ensuring that any and all items received immediate attention, including redoing the waterproofing of walkways, which means that the property is SB721 compliant. The Soft-Story Seismic Retrofitting was completed in 2022.
There is potential to convert the carports into one or two ADUs.
Consisting of four 2+1s and four 1+1s, the property features many beautifully redone apartments and a substantial upside as the not-yet redone units turn over to new tenants.
The corner-building apartments benefit from large windows bringing the outside in, giving the units a welcoming brightness during the day. The remodeled units feature stacked washer/dryer, and the building includes a communal coin laundry.
Sandwiched between Santa Monica Blvd. and Melrose Ave., this property is highly sought after by tenants looking for a pedestrian friendly home-base. Walk Score states that this property is in a Walker's Paradise, where daily errands do not require a car. That said, the building features 5 very deep carports.
Walk to restaurants, shops, markets, bars, clubs. The property is in the middle of one of the country's best nightlife destinations and fine dining options!
The unit with the Gardener Street address has a private and secluded front yard.
The Seller has lovingly kept up the property, added new landscaping on the sidewalks surrounding the building, and maintained the building with evident pride of ownership, ensuring that any and all items received immediate attention, including redoing the waterproofing of walkways, which means that the property is SB721 compliant. The Soft-Story Seismic Retrofitting was completed in 2022.
There is potential to convert the carports into one or two ADUs.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$299,690
|
$44.80
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$8,991
|
$1.34
|
| Effective Gross Income |
$290,700
|
$43.45
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$103,133
|
$15.42
|
| Net Operating Income |
$187,567
|
$28.04
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $299,690 |
| Annual Per SF | $44.80 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $8,991 |
| Annual Per SF | $1.34 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $290,700 |
| Annual Per SF | $43.45 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $103,133 |
| Annual Per SF | $15.42 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $187,567 |
| Annual Per SF | $28.04 |
Property Facts
| Price | $4,056,040 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $507,005 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.62% | Building Size | 6,690 SF |
| Gross Rent Multiplier | 13.53 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 0.74/1,000 SF |
| Zoning | R3C, West Hollywood - Possibility to add ADUs in Carport. | ||
| Price | $4,056,040 CAD |
| Price Per Unit | $507,005 CAD |
| Sale Type | Investment |
| Cap Rate | 4.62% |
| Gross Rent Multiplier | 13.53 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 6,690 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 0.74/1,000 SF |
| Zoning | R3C, West Hollywood - Possibility to add ADUs in Carport. |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $3,134 CAD | - |
| 2+1 | 4 | $3,109 CAD | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5531-024-012 | Improvements Assessment | $730,652 CAD |
| Land Assessment | $3,580,195 CAD | Total Assessment | $4,310,847 CAD |
Property Taxes
Parcel Number
5531-024-012
Land Assessment
$3,580,195 CAD
Improvements Assessment
$730,652 CAD
Total Assessment
$4,310,847 CAD
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8 Unit Corner Bldg. Walker's Paradise in WeHo | 7452 Romaine St
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