5509 Romaine Street

Los Angeles, CA 90038

$1,200,000
Last Sold Price
6
Beds
4
Baths
3,426 Sq. Ft.
$350 / Sq. Ft.
3,426
Sq. Ft.
$350
per Sq. Ft.

Description

Don't miss out on this opportunity to own an amazing income-producing quadruplex in the heart of Hollywood. Situated on a lot spanning 7007 square feet (front 50 x depth 140), the property boasts over a dozen mature fruit trees - persimmon, avocado, orange, lemon, and more! The front house has 2 bedrooms + 1 bath, a living room with a fireplace, and a formal dining area. The rear building includes a large 1 bedroom unit with 2 baths, and 2 single units each with 1 bath + a small den. There is ample...Don't miss out on this opportunity to own an amazing income-producing quadruplex in the heart of Hollywood. Situated on a lot spanning 7007 square feet (front 50 x depth 140), the property boasts over a dozen mature fruit trees - persimmon, avocado, orange, lemon, and more! The front house has 2 bedrooms + 1 bath, a living room with a fireplace, and a formal dining area. The rear building includes a large 1 bedroom unit with 2 baths, and 2 single units each with 1 bath + a small den. There is ample parking for tenants and guests. All rear units are currently occupied by wonderful tenants. Great location close to Sunset Boulevard, Larchmont Village, Los Feliz, and Koreatown. Buy now for those seeking income and huge upside potential!
  1. Listed by Tiffany Yang • DRE #01213057 • Brokerage DRE #00808681 • Max Mega Group

Property Details for 5509 Romaine Street

Zoning
LARD1.5
Style
Bungalow
Parcel Number
5536020010
Total Units
4.0
Living Area
3426
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
25%

Location

Listing Courtesy of Max Mega Group, Tiffany Yang, DRE #01213057

Sold By The Agency, Amir Zac Mostame, DRE #02110196; The Agency, Jordan Gonda, DRE #02203289

Add your commute
LISTING UPDATED: 08/25/2023 04:54 PM

Property Details for 5509 Romaine Street

StatusSold
MLS #23-264031
Days on Market57
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.16 AC / 7,007 SF
CountyLos Angeles County

Location

Listing Courtesy of Max Mega Group, Tiffany Yang, DRE #01213057

Sold By The Agency, Amir Zac Mostame, DRE #02110196; The Agency, Jordan Gonda, DRE #02203289

Add your commute

Building Information for 5509 Romaine Street

Stories2Residences-Year Built1920Building Size-Lot Size0.16 AC / 7,007 SF

Payment Calculator

$6,838 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$289

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5509 Romaine Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: QUADRUPLEX
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $43,800
  • Net Operating Income: $.00
  • Gross Income: $43,800
  • Gross Rent Multiplier: $7.00
  • Actual Annual Gross Rent: $43,800.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1609
  • Lot Size Square Feet: 7007
  • Lot Size Dimensions: 50x140
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 0
  • Open Other Spaces Total: 5
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other, Window Unit(s), Air Conditioning
  • Heating: Wall Furnace, Fireplace(s)
  • Heating Type: Other, Wall Gas, Wall, Fireplace, Hot Water Circulator
  • Equipment: None
Exterior Features
Exterior Features
  • Roof: Asphalt
  • Windows: Double Pane Windows
  • New Construction: No
  • Construction Materials: Concrete, Plaster, Wood Siding
  • Exterior Construction: Concrete, Plaster, Wood Siding
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-15-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $1,500.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,100.00
  • Unit Actual Rent: $1,100.00
  • Unit Projected Rent: $1,100.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,050.00
  • Unit Actual Rent: $1,050.00
  • Unit Projected Rent: $1,050.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $146,407.00
  • Assessed Improvement Percent: 60.0
  • Assessed Land Value: $97,603.00
  • Assessed Land Percent: 40
  • Assessed Total Value: $244,010.00

Property History for 5509 Romaine Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5509 Romaine Street

Taxable ValueLand$99,555Additions$149,335Total$248,890
Tax Record2023$3,472 ($289 / month)
Home Facts
Total Finished SqFt3,426 SqFtAbove Grade Finished SqFt3,426 SqFtLot Size7,007 SqFtStyleQuadraplexYear Built1920ZoningLARD1.5CountyLOS ANGELESAPN5536-020-010

Schools near 5509 Romaine Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Joseph Le Conte Middle School
Public6 to 8

STEM Academy at Bernstein High
Public9 to 12

Helen Bernstein High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Max Mega Group, Tiffany Yang, DRE #01213057

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.