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    5542 Romaine St

    Los Angeles, CA 90038
    • $3,500,000
    • STATUS: Active
    • ON SITE: 130 days
    • MLS #: 21-687858
    UPDATED: 56 min ago
    $3,500,000
    • 20
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,400
      SQFT
    • $417
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1912
    County:
    Area:

    School Ratings & Info

    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.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-12T21:42:55.883. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.markwiseproperties.com/homes/113827613
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    5542 Romaine St Los Angeles, CA 90038

    • Price: $3,500,000
    • Status: Active
    • Updated: 56 min ago
    • MLS #: 21-687858
    20
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    8,400
    SQFT
    $417
    $/SQFT
    1912
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    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.
    Exterior Features

    Lot Size Area 6776 Other Structures None Parking Garage None Total Parking 8

    Interior Features

    Baths Total 24.00 Cooling None Equipment None Heating None

    Property Features

    Assessed Total Value 66065 Gross Income 0 Gross Operating Income 0 Like Units1 4 Net Operating Income 0.00 Number Of Buildings 2 Number Of Units 4 Sale Type Standard Source Living Area Other Source Lot Size Area Assessor Total Annual Expense 0 Type Of Units 4 Units Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Vinnie Park DRE#02015848 of Coldwell Banker Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-12T21:42:55.883. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Mark Wise | Bennion Deville Homes
    71691 Highway 111
    Rancho Mirage CA, 92270