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5509 Romaine St, Los Angeles, CA 90038
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5509 Romaine St Los Angeles, CA 90038

$1,200,000 Sold Price as of 08/18/2023
  • 5 Beds
  • 5 Baths
  • 3,426 Sq.Ft.
Sold
$1,200,000 Sold Price as of 08/18/2023 Refinance Your Mortgage
Map preview of 5509 Romaine St, Los Angeles, CA 90038

Property Overview: 5509 Romaine St Los Angeles, CA has 5 bedrooms, 5 bathrooms, 3,426 living square feet and 7,007 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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!

Listed by Tiffany Yang | BRE #01213057 | Max Mega Group
Last checked: 10 minutes ago | Last updated: August 26th, 2023 | Source CRMLS | DOM: 57

Home details

Lot Sq. Ft
7,007
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23264031
City
Los Angeles
County
Los Angeles
Time on Site
339 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $1,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,050
  • Total Rent: $1,050
  • Pro Forma/Market Rent: $1,050
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 7
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $43,800
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5509 Romaine St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace, Fireplace(s)
Interior Features
  • Levels: Two
  • Window Features: Double Pane Windows
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Uncovered
Property Information
  • Total # of Units: 4
  • Parcel Number: 5536020010
  • Architectural Style: Bungalow
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: WEST OF WESTERN AVE & CLOSE TO MELROSE
View more facts & features

Local Los Angeles Agent

Sale History for 5509 Romaine St

Last sold for $1,200,000 on August 18th, 2023

  • August, 2023

  • Aug 18, 2023

    Date

    Sold

    CRMLS: 23264031

    $1,200,000

    Price

  • May 15, 2023

    Date

    Active

    CRMLS: 23264031

    $1,390,000

    Price

Tax History for 5509 Romaine St

Assessed Value (2020): $236,775
Year Land Value Improved Value Assessed Value
2020 $94,709 $142,066 $236,775

Home Value Compared to the Market

This property vs the competition

5509 Romaine St sold on August 18, 2023 for 9.16% 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 $379.16 per/sqft which puts the price per square foot 49.78% lower than the current median sale per square foot for the city of Los Angeles.

About 5509 Romaine St

Detailed summary of property

5509 Romaine St is a multi family that recently sold in Los Angeles, CA 90038. This multi family property offered 5 bedrooms, 5 bathrooms, roughly 3,426 living square feet, and sits on an approximately 7,007 square foot lot. 5509 Romaine St was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $1,200,000. 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 9.16% higher than the current median priced home. Local homes that are currently for sale include 508 N Kingsley Dr, 4572 Rosewood Ave and 1211 N Normandie Ave. While the average home in Los Angeles, CA is selling in 93 days, 5509 Romaine St has a days on market of 57 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 5509 Romaine St Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5509 Romaine St

Public county record property details
Beds
6
Baths
4
Year built
1920
Sq. Ft.
3,426
Lot Size
7,007
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
5536-020-010

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,299,000
Median List Price/Sq.Ft.
$706
Median Sold Price
$715,000
Median Sold Price/Sq.Ft.
$659
Total Inventory
42
Median Sale to List Price %
79.44%
Avg Days on Market
17
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (0%)

Thinking of Selling?

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Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 5509 Romaine St

5446 Romaine St, Los Angeles, CA 90038
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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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