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5542 Romaine Street, Los Angeles, CA 90038
5
beds
5
baths
8400
ft2
· 6776
ft2 lot
$3,500,000
$417 / ft2
Listing provided courtesy of Vinnie Park, Coldwell Banker Residential Br.
Source CRMLS.
5.71% Pro Forma CAP Rate in OPPORTUNITY ZONE. 5542 Romaine is a 2021 newly constructed Fourplex in the hottest rental markets in LA. Located in the best part of Opportunity Zone; Hollywood, this is NOT your average new construction. Boasting almost 8,500 SF of vast living space (approximately 2,000 SF each unit) with an en-suite in each bedroom achieving both privacy and immense living experience, this is truly the high-quality professional tenant's number 1 pick amongst all the others. This area typically commands higher rental income due to the close proximity of ever-growing Netflix, The Paramount studio, and entertainment industry employers and offices. This part of Hollywood is also located right above prestigious Hancock Park and Larchmont Village making it even more attractive and convenient to young professionals and Millenials. Owner occupier's DREAM. Live in 1 unit while your neighbors pay your mortgage. This one totally screams investor's attention.
HOA
$—/month
On market
3 months
Year built
1912
Property type
Multi-Family
Parking
MLS
21687858
Price / Sq.Ft.
$417 / ft2
Status
Active
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Based on a price of $3,500,000
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Property Details
Interior Features & Layout
Interior Size
•   
Building Area Total: 8400.00
Property, Lot, Community & Exterior Features
Building Info
•   
Zoning: LARD1.5
•   
Stories Total: 1
Lot Info
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.1500
•   
Lot Size Area: 6776.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 4
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 0.00
•   
Vacancy Allowance Rate: 0.00
•   
Total Expenses: 0.00
•   
Gross Multiplier: 0.00
Tax/Assessment Info
•   
Gross Income: 0.00
•   
Tax Year: 2019
•   
Taxes: 1141.0
Lease Info
•   
Net Operating Income: 0.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 1 Information
•   
Unit 1 Bedrooms: 5
•   
Unit 1 Total Units: 4
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 5
•   
Unit 1 Actual Rent: 0.00
•   
Unit 1 Total Rent: 0.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: From Santa Monica; south on Wilton Pl, East of Romaine
Other
Calculation
•   
Dom: 21
•   
Cdom: 21
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 23, 2021 7:56am
Neighborhood snapshot
64
Properties for sale
26
Median days on market
$608.01
Median sold price/sqft
98.54%
Sold/List %
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Property History
02/01/2021
02/01/2021
CRMLS #21687858
active
CRMLS #21687858
$3,500,000
+218.18%
03/18/2020
03/18/2020
CRMLS #CV20023864
sold
CRMLS #CV20023864
$1,100,000
+7.84%
03/17/2020
03/17/2020
Public Record
sold
Public Record
$1,020,000
--7.27%
02/03/2020
02/03/2020
CRMLS #CV20023864
pending
CRMLS #CV20023864
$1,100,000
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