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    5542 Romaine Street

    Los Angeles (City), CA 90038
    • $3,500,000
    • STATUS: Active
    • ON SITE: 93 days
    • ID#: 21687858
    UPDATED: 35 min ago
    $3,500,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,400
      SQFT
    • $417
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1912
    County:

    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 California Regional Multiple Listing Service, Inc. as of 2021-05-06T13:37:12.183. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.debonishomes.com/homes/113829120
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    5542 Romaine Street Los Angeles (City), CA 90038

    • Price: $3,500,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: 21687858
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    8,400
    SQFT
    $417
    $/SQFT
    1912
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - 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

    Parking Features None

    Interior Features

    Cooling None Cooling YN No Heating None Heating YN No

    Property Features

    Gross Income 0 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 0 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lard1.5

    Listing provided courtesy of Vinnie Park of Coldwell Banker Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-06T13:37:12.183. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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    Riverside CA, 92508