New Construction
Address
5542 Romaine Street Los Angeles, CA
Price
$ 3,500,000
Property Attributes
  • MLS#21687858
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaHollywood
  • Zip90038
  • Style
  • Price$ 3,500,000
  • Bedrooms20
  • Full Bathrooms20
  • Half Bathrooms0
  • Lot Size6,776 SqFt
Listing Provided Courtesy Of:
Vinnie Park with Coldwell Banker Realty.
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

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.

Price History
2/1/2021 Listed $3,500,000

General Features

Cooling None
Heating None
Listing Agent Vinnie Park - BRE#02015848
Listing Agent State License 02015848
MLS Area C20 - Hollywood
Property Type Residential Income
Special Listing Conditions Standard
Status Active
Total Units 4
Zoning LARD1.5

Exterior Features

Lot Size Acres 0.15
Lot Size Area 6776
Lot Size Source Assessor
Lot Size Square Feet 6776
Lot Size Units Square Feet
Number of Buildings 2
Parking Features None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90038

Price
AVG $2.03M
$3.5M
Visits
AVG 55
119
Year Built
AVG 1939
1912
Walkscore
AVG 90
90
Data Provided by Walkscore ® not using MLS data

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