5068 Romaine St Los Angeles, CA 90029

$1,635,000 Sold Price as of 02/07/2020

5 Beds
4 Baths
2,887 Sq.Ft.

Off Market

$1,635,000 Sold Price as of 02/07/2020 Refinance Your Mortgage

Map preview of 5068 Romaine St, Los Angeles, CA 90029

Property Overview: 5068 Romaine St Los Angeles, CA has 5 bedrooms, 4 bathrooms, 2,887 living square feet and 9,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

5068 Romaine St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 5068 Romaine St

Last sold for $1,635,000 on February 7th, 2020

April, 2021
Apr 2, 2021

Date

Sold

CRMLS: 19499494

$1,635,000

Price
Jan 6, 2020

Date

Pending

CRMLS: 19499494

$1,795,000

Price
Oct 29, 2019

Date

Active

CRMLS: 19499494

$1,795,000

Price
Oct 4, 2019

Date

Active Under Contract

CRMLS: 19499494

$1,795,000

Price
Aug 16, 2019

Date

Active

CRMLS: 19499494

$1,795,000

Price
Listing provided courtesy of CRMLS

Calling all Builders, Developers, and Investors. This one is RTI! Here is your opportunity to build in one of L.A.'s most centrally located and rapidly developing communities. Vacant, TOC Tier 2, 9,000+/- SF FLAT lot with multiple exit strategies: (1) RTI building permits for 18 apartments over a basement garage with unit mix of 4 2BR/2BA, 1 3BR/2BA, 12 1BR/1BA units, and 1 Studio. Start demo and building at close of escrow! (2) Develop condos that can be sold individually, (3) Develop small lot homes, or (4) Redesign the apartment building if you prefer a different design or unit mix. Centrally located with convenient access to 101 FWY, close to shops/restaurants, and near Hollywood, Silver Lake, Larchmont/Hancock Park, and DTLA. SOLD AS IS. Buyer to verify all information.

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February, 2020
Feb 7, 2020

Date

Sold (Public Records)

Public Records

$1,635,000

Price
January, 2020
Jan 6, 2020

Date

Pending

CRMLS: 19500232

$1,795,000

Price
Oct 29, 2019

Date

Active

CRMLS: 19500232

$1,795,000

Price
Oct 4, 2019

Date

Active Under Contract

CRMLS: 19500232

$1,795,000

Price
Aug 16, 2019

Date

Active

CRMLS: 19500232

$1,795,000

Price
Listing provided courtesy of CRMLS

Calling all Builders, Developers, and Investors. This one is RTI! Here is your opportunity to build in one of L.A.'s most centrally located and rapidly developing communities. Vacant, TOC Tier 2, 9,000+/- SF FLAT lot with multiple exit strategies: (1) RTI building permits for 18 apartments over a basement garage with unit mix of 4 2BR/2BA, 1 3BR/2BA, 12 1BR/1BA units, and 1 Studio. Start demo and building at close of escrow! (2) Develop condos that can be sold individually, (3) Develop small lot homes, or (4) Redesign the apartment building if you prefer a different design or unit mix. Centrally located with convenient access to 101 FWY, close to shops/restaurants, and near Hollywood, Silver Lake, Larchmont/Hancock Park, and DTLA. SOLD AS IS. Buyer to verify all information.

Continue Reading
August, 2019
Aug 16, 2019

Date

Canceled

CRMLS: 19419224

$1,850,000

Price
May 23, 2019

Date

Price Change

CRMLS: 19419224

$1,850,000

Price
Apr 23, 2019

Date

Price Change

CRMLS: 19419224

$1,950,000

Price
Apr 13, 2019

Date

Active

CRMLS: 19419224

$2,250,000

Price
Mar 28, 2019

Date

Active Under Contract

CRMLS: 19419224

$2,250,000

Price
Feb 12, 2019

Date

Active

CRMLS: 19419224

$2,250,000

Price
Listing provided courtesy of CRMLS

Developers, Builders, and Investors, here is your opportunity to develop an 18-unit apartment building located in one of L.A.'s most promising rental markets and rapidly developing communities. East Hollywood carries close to 100,000 residents, of which 91% are renters. It has excellent walk scores, good public transportation, and revitalization happening everywhere you turn. A great opportunity to get into a centrally located pocket of the city that is booming. All plans and permits delivered approved and RTI ready to issue - start building at close of escrow!

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August, 2019
Aug 16, 2019

Date

Canceled

CRMLS: 19419232

$1,850,000

Price
May 23, 2019

Date

Price Change

CRMLS: 19419232

$1,850,000

Price
Apr 23, 2019

Date

Price Change

CRMLS: 19419232

$1,950,000

Price
Apr 13, 2019

Date

Active

CRMLS: 19419232

$2,250,000

Price
Mar 28, 2019

Date

Active Under Contract

CRMLS: 19419232

$2,250,000

Price
Feb 12, 2019

Date

Price Change

CRMLS: 19419232

$2,250,000

Price
Jan 8, 2019

Date

Active

CRMLS: 19419232

$2,500,000

Price
Listing provided courtesy of CRMLS

Developers, Builders, and Investors, here is your opportunity to develop an 18-unit apartment building located in one of L.A.'s most promising rental markets and rapidly developing communities. East Hollywood carries close to 100,000 residents, of which 91% are renters. It has excellent walk scores, good public transportation, and revitalization happening everywhere you turn. A great opportunity to get into a centrally located pocket of the city that is booming. All plans and permits delivered approved and RTI ready to issue - start building at close of escrow!

Continue Reading
September, 2017
Sep 22, 2017

Date

Sold

CRMLS: SR17170184

$1,200,000

Price
Aug 17, 2017

Date

Pending

CRMLS: SR17170184

$1,195,000

Price
Aug 17, 2017

Date

Active Under Contract

CRMLS: SR17170184

$1,195,000

Price
Jul 25, 2017

Date

Active

CRMLS: SR17170184

$1,195,000

Price
Listing provided courtesy of CRMLS

This triplex has tremendous amount of potential on an extra large lot with 3 separate units. Great investor opportunity or owner occupied with great tenants. Gated parking for up to 8 cars. 1st unit has 3 bedrooms and 2 bathrooms. It features a very spacious living room with a fireplace, a large separate dining room and a huge updated kitchen, a separate laundry area and both a front and side porch, this unit retains many original details. In addition there is a basement of approximately 700 square feet, perfect for any additional needs. The 2nd unit features 1 bedroom & 1 bathroom, a charming kitchen with separate eating area and also features a private patio in the front and a large garden in the rear. The 3rd unit features 1 bedroom and a remodeled bathroom. This property is a rare find in the heart of Hollywood.

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September, 2017
Sep 19, 2017

Date

Sold (Public Records)

Public Records

$1,200,000

Price
July, 2017
Jul 21, 2017

Date

Expired

CRMLS: SR17085917

$1,295,000

Price
Jun 1, 2017

Date

Price Change

CRMLS: SR17085917

$1,295,000

Price
Apr 23, 2017

Date

Active

CRMLS: SR17085917

$1,399,000

Price
Listing provided courtesy of CRMLS

This triplex has tremendous amount of potential on an extra large lot with 3 separate units. Great investor opportunity or owner occupied with great tenants. Gated parking for up to 8 cars. 1st. unit has 3 bedrooms and 2 bathrooms. It features a very spacious living room with a fireplace, a large separate large dining room and a huge updated kitchen, a separate laundry area and both a front and side porch, this unit retains many original details. In addition there is a basement of approximately 700 square feet, perfect for any additional needs. The 2nd unit features 1 bedroom & 1 bathroom, a charming kitchen with separate eating area and also features a private patio in the front and a large garden in the rear. The 3rd unit features 1 bedroom and a remodeled bathroom. This property is a rare find in the heart of Hollywood.

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Tax History for 5068 Romaine St

Assessed Value (2020): $1,248,480

Year	Land Value	Improved Value	Assessed Value
2020	$873,936	$374,544	$1,248,480

About 5068 Romaine St

Detailed summary of property

5068 Romaine St is categorized with a use code of Triplex (3 Units, Any Combination) in Los Angeles, CA 90029 and last sold on February 7, 2020 for $1,635,000. This property has 5 bedrooms, 4 bathrooms, roughly 2,887 living square feet, and sits on an approximately 9,000 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 45.98% higher than the current median priced home. 5068 Romaine St was last sold on February 7, 2020 for $1,635,000. Local nearby listings include 542 N Serrano Ave, 5447 Barton Court and 542-1 N Serrano Ave. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 5068 Romaine St Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5068 Romaine St

Public county record property details

Beds: 5
Baths: 4
Year built: 1922
Sq. Ft.: 2,887
Lot Size: 9,000
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: --
APN: 5537-024-004

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,022,990

Median List Price/Sq.Ft.

$714

Median Sold Price

$672,500

Median Sold Price/Sq.Ft.

$724

Total Inventory

Median Sale to List Price %

105.24%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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