5074 Romaine St Los Angeles, CA 90029

$1,350,000 Sold Price as of 03/16/2018

9 Beds
5 Baths
5,756 Sq.Ft.

Off Market

$1,350,000 Sold Price as of 03/16/2018 Refinance Your Mortgage

Map preview of 5074 Romaine St, Los Angeles, CA 90029

Property Overview: 5074 Romaine St Los Angeles, CA has 9 bedrooms, 5 bathrooms, 5,756 living square feet and 6,978 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

5074 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 5074 Romaine St

Last sold for $1,350,000 on March 16th, 2018

March, 2018
Mar 16, 2018

Date

Sold

CRMLS: 18311164

$1,350,000

Price
Mar 6, 2018

Date

Pending

CRMLS: 18311164

$1,450,000

Price
Feb 27, 2018

Date

Active Under Contract

CRMLS: 18311164

$1,450,000

Price
Feb 7, 2018

Date

Active

CRMLS: 18311164

$1,450,000

Price
Listing provided courtesy of CRMLS

Pleased to present for sale this excellent investment opportunity in the heart of vibrant East Hollywood. The opportunity boasts an excellent unit mix of (4) 2+1 Units with Bonus/Office Rooms and (1) 1+1 Unit with a Bonus Room with (4) on-site parking spaces, as well as (5) storage spaces. Each unit has it's own laundry and dryer hookup. With (1) unit already vacant and delivered vacant at the COE, a second unit will be delivered vacant at the COE or after an agreed upon time from close, the opportunity provides for immediate upside potential. Furthermore, with LAR3 Zoning, an investor has an opportunity for future development! DO NOT WALK ON PROPERTY OR DISTURB TENANTS - DRIVE BY ONLY! The property is centrally located in the rapidly gentrifying area of East Hollywood, within close proximity to Echo Park, Los Feliz, Koreatown and the Sunset Strip. The property has a walk score of (86) and is located near Los Angeles City College and several parks including, Lemon Grove Recreation Cent

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March, 2018
Mar 16, 2018

Date

Sold (Public Records)

Public Records

$1,350,000

Price
November, 1999
Nov 5, 1999

Date

Sold (Public Records)

Public Records

$273,500

Price

Tax History for 5074 Romaine St

Assessed Value (2020): $1,404,540

Year	Land Value	Improved Value	Assessed Value
2020	$988,380	$416,160	$1,404,540

About 5074 Romaine St

Detailed summary of property

5074 Romaine St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90029 and last sold on March 16, 2018 for $1,350,000. This property has 9 bedrooms, 5 bathrooms, roughly 5,756 living square feet, and sits on an approximately 6,978 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 20.54% higher than the current median priced home. 5074 Romaine St was last sold on March 16, 2018 for $1,350,000. Local nearby listings include 542 N Serrano Ave, 725 N Heliotrope Dr 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 5074 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 5074 Romaine St

Public county record property details

Beds: 9
Baths: 5
Year built: 1928
Sq. Ft.: 5,756
Lot Size: 6,978
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: --
APN: 5537-024-003

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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