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5150 Romaine St, Los Angeles, CA 90029
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5150 Romaine St Los Angeles, CA 90029

$1,189,900 Sold Price as of 04/20/2021
  • 6 Beds
  • 4 Baths
  • 2,560 Sq.Ft.
Sold
$1,189,900 Sold Price as of 04/20/2021 Refinance Your Mortgage
Map preview of 5150 Romaine St, Los Angeles, CA 90029

Property Overview: 5150 Romaine St Los Angeles, CA has 6 bedrooms, 4 bathrooms, 2,560 living square feet and 2,670 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This beautifully redone duplex is perfect for someone looking for a turnkey property that can generate solid market rents. Live in one and have your mortgage offset, or rent both out and let the tenants buy the building for you. The property will be delivered vacant, allowing the new owner to choose tenants and take advantage of strong rents in the area, projected at $3900 per unit ($7,900 total). Each unit features 3 bedrooms and 2 bathrooms, in a side-by-side townhouse configuration. Both units have recently been completely redone in a contemporary style with plenty of original character. Ample parking, private outdoor spaces for both units, and in-unit laundry make these perfect for families or professionals who need a home office. Charming, stylish, and spacious with a great location close to everything Hollywood has to offer. Minutes to hiking in Runyon Canyon or Griffith Park!

Listed by Rod Watson | BRE #01891044 | Keller Williams Beverly Hills
Last checked: 30 seconds ago | Last updated: February 13th, 2024 | Source CRMLS | DOM: 93

Home details

Lot Sq. Ft
2,670
HOA Dues
$0/mo
Year built
1924
Garage
1 Car
Property Type:
Multi Family
Status
Sold
MLS#
20664472
City
Los Angeles
County
Los Angeles
Time on Site
1212 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Furnished
  • Total Rent: $3,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Furnished
  • Total Rent: $3,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.8
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $96,000
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5150 Romaine St

Interior Features
Cooling Information
  • Has Cooling
  • Electric
Heating Information
  • Has Heating
  • Floor Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Fireplace Information
  • Has Fireplace
  • Dining Room, Living Room, Kitchen, Bath, Master Bedroom, Patio
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator, Gas Cooktop, Gas Oven
Interior Features
  • Furnished
  • Levels: Two
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s)
Exterior Features
Exterior Information
  • Roof: Tar/Gravel
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Total # of Units: 2
  • Parcel Number: 5537023003
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
Location / Neighborhood
Location Information
  • Directions: 2 Blocks South of Santa Monica Blvd, 3 blocks West of Normandie Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 5150 Romaine St

Last leased for $3,475 on February 13th, 2024

  • February, 2024

  • Feb 13, 2024

    Date

    Leased

    CRMLS: SR23224270

    $3,475

    Price

  • Dec 11, 2023

    Date

    Active

    CRMLS: SR23224270

    $3,695

    Price

  • Listing provided courtesy of CRMLS

    Step into refined living with this Craftsman remodeled townhouse available for lease. The classic floor plan welcomes you with a front living room, perfect for relaxation or hosting guests. Entertain in style in the formal dining room, leading seamlessly to the remodeled kitchen equipped with stainless steel appliances and an adjacent laundry area for modern convenience. The first floor is completed by an updated powder room, blending functionality with tasteful design. Journey to the upper levels to discover three generously sized bedrooms and full updated bath. The front-facing bedrooms boast charming balconies, offering a private retreat. Hardwood floors grace every room, complemented by designer colors and lighting, creating an atmosphere of timeless elegance. With one dedicated parking space, this townhouse seamlessly combines classic craftsmanship with modern amenities, offering a unique and inviting home for those seeking the perfect blend of comfort and style. Close to Los Feliz, Silver Lake, Larchmont Village and the Hollywood Walk of Fame and minutes from iconic coffee and dining favorites such as Cafe Stella and Melody Wine Bar. Do not miss out on this one of a kind townhome!

  • April, 2021

  • Apr 21, 2021

    Date

    Sold

    CRMLS: 20664472

    $1,189,900

    Price

  • Mar 10, 2021

    Date

    Pending

    CRMLS: 20664472

    $1,199,900

    Price

  • Feb 23, 2021

    Date

    Price Change

    CRMLS: 20664472

    $1,199,900

    Price

  • Jan 17, 2021

    Date

    Price Change

    CRMLS: 20664472

    $1,249,900

    Price

  • Dec 4, 2020

    Date

    Active

    CRMLS: 20664472

    $1,349,900

    Price

  • Nov 29, 2020

    Date

    Coming Soon

    CRMLS: 20664472

    $1,349,900

    Price

  • January, 2020

  • Jan 2, 2020

    Date

    Sold

    CRMLS: 19506638

    $1,185,000

    Price

  • Dec 4, 2019

    Date

    Active Under Contract

    CRMLS: 19506638

    $1,195,000

    Price

  • Nov 23, 2019

    Date

    Active

    CRMLS: 19506638

    $1,195,000

    Price

  • Nov 7, 2019

    Date

    Active Under Contract

    CRMLS: 19506638

    $1,195,000

    Price

  • Sep 5, 2019

    Date

    Active

    CRMLS: 19506638

    $1,195,000

    Price

  • Listing provided courtesy of CRMLS

    Want to get into the red hot Hollywood rental market? This beautifully redone duplex is perfect for someone looking for a turnkey property that can generate serious rents. Live in one and have your mortgage offset, or rent both out and let the tenants buy the building for you! Delivered vacant, allowing new owner to choose tenants and take advantage of strong rents in the area, projected at $3600 per unit ($7200 total). Each unit features 3 bedrooms and 2 bathrooms, in a side-by-side townhouse configuration. Both units have recently been completely redone in a contemporary style with plenty of original character. Ample parking, private outdoor spaces for both units, and in-unit laundry make these perfect for families or professionals who need a home office. Charming, stylish, and spacious with a great location close to everything Hollywood has to offer. Minutes to hiking in Runyon Canyon or Griffith Park, then grab dinner at Musso & Frank's or see a movie at the famous Cinerama Dome!

  • December, 2019

  • Dec 30, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,185,000

    Price

  • September, 2018

  • Sep 7, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2018

  • Mar 21, 2018

    Date

    Sold

    CRMLS: 17274322

    $995,000

    Price

  • Jan 23, 2018

    Date

    Active Under Contract

    CRMLS: 17274322

    $999,000

    Price

  • Nov 26, 2017

    Date

    Active

    CRMLS: 17274322

    $999,000

    Price

  • Nov 16, 2017

    Date

    Hold

    CRMLS: 17274322

    $999,000

    Price

  • Nov 4, 2017

    Date

    Active

    CRMLS: 17274322

    $999,000

    Price

  • Oct 20, 2017

    Date

    Active Under Contract

    CRMLS: 17274322

    $999,000

    Price

  • Oct 10, 2017

    Date

    Active

    CRMLS: 17274322

    $999,000

    Price

  • Oct 9, 2017

    Date

    Active Under Contract

    CRMLS: 17274322

    $999,000

    Price

  • Sep 27, 2017

    Date

    Active

    CRMLS: 17274322

    $999,000

    Price

  • Listing provided courtesy of CRMLS

    Take advantage of exploding Hollywood development with this turnkey Craftsman duplex ready for market rents! Excellent investment opportunity for either an investor or owner/occupier. Side-by-side townhouse style units each offering a classic floor plan with front living room, formal dining room, remodeled kitchens complete with stainless steel appliances and adjacent laundry area. An updated 3/4 bath completes the first floor. Upper levels offer 3 well sized bedrooms and full updated bath. Front facing bedrooms feature a balcony. Hardwood floors throughout, designer colors and lighting. One parking space for each unit. Current owner has never leased units long term. Property has been leased short term only through AirBnB. Units will be delivered vacant at close of escrow. Rents listed are projected based on area rents.

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Tax History for 5150 Romaine St

Assessed Value (2020): $1,185,000
Year Land Value Improved Value Assessed Value
2020 $885,000 $300,000 $1,185,000

Home Value Compared to the Market

This property vs the competition

5150 Romaine St sold on April 20, 2021 for 0.83% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $468.71 per/sqft which puts the price per square foot 37.92% lower than the current median sale per square foot for the city of Los Angeles.

About 5150 Romaine St

Detailed summary of property

5150 Romaine St is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 2,560 living square feet, and sits on an approximately 2,670 square foot lot. 5150 Romaine St was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $1,189,900. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 0.83% higher than the current median priced home. Local homes that are currently for sale include 4572 Rosewood Ave, 4307 Clinton St and 5670 Lexington Ave. While the average home in Los Angeles, CA is selling in 94 days, 5150 Romaine St has a days on market of 93 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 5150 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 5150 Romaine St

Public county record property details
Beds
6
Baths
3
Year built
1924
Sq. Ft.
2,560
Lot Size
2,670
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
5537-023-003

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
$1,200,000
Median List Price/Sq.Ft.
$794
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$1,042
Total Inventory
35
Median Sale to List Price %
95.36%
Avg Days on Market
38
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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