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5542 Romaine St, Los Angeles, CA 90038
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5542 Romaine St Los Angeles, CA 90038

$1,020,000 Sold Price as of 03/18/2020
  • 4 Beds
  • 2 Baths
  • 1,956 Sq.Ft.
Sold
$1,020,000 Sold Price as of 03/18/2020 Refinance Your Mortgage
Map preview of 5542 Romaine St, Los Angeles, CA 90038

Property Overview: 5542 Romaine St Los Angeles, CA has 4 bedrooms, 2 bathrooms, 1,956 living square feet and 6,776 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Investment opportunity located in HOLLYWOOD. Currently two homes are on the lot and there is potential for development. The current zoning is LARD1.5. The existing homes are in need of updating. The main house is three bedroom and one bathroom. The back house is a one bedroom and one bathroom. The large lot is in good position for development or rehabbing the existing homes. Located minutes away from everything Hollywood has to offer. This is a great opportunity to own or develop in the area.

Listed by JEFFREY HUGHES | BRE #01987458 | KW COLLEGE PARK
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
6,776
HOA Dues
$0/mo
Year built
1912
Garage
1 Car
Property Type:
Duplex
Status
Sold
MLS#
CV20023864
City
Los Angeles
County
Los Angeles
Time on Site
1212 days

Property Details for 5542 Romaine St

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • Has Fireplace
  • Masonry
Room Information
  • Downstairs Bedrooms: 4
  • Downstairs Bathrooms: 2
  • All Bedrooms Down
Bathroom Information
  • # of Baths (Full): 2
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
  • No Attached Garage
Lot Information
  • Lot Features: Back Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5535005019
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Schools
School Information
  • High School District: Los Angeles Unified
Location / Neighborhood
Location Information
  • Directions: From Santa Monica Blvd Head South on Wilton Pl and East on Romaine
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Los Angeles Agent

Sale History for 5542 Romaine St

Last sold for $1,020,000 on March 18th, 2020

  • September, 2021

  • Sep 1, 2021

    Date

    Expired

    CRMLS: 21687858

    $3,500,000

    Price

  • Feb 1, 2021

    Date

    Active

    CRMLS: 21687858

    $3,500,000

    Price

  • Listing provided courtesy of CRMLS

    5.71% Pro Forma CAP Rate in OPPORTUNITY ZONE. 5542 Romaine is a 2021 newly constructed Fourplex in the hottest rental markets in LA. Located in the best part of Opportunity Zone; Hollywood, this is NOT your average new construction. Boasting almost 8,500 SF of vast living space (approximately 2,000 SF each unit) with an en-suite in each bedroom achieving both privacy and immense living experience, this is truly the high-quality professional tenant's number 1 pick amongst all the others. This area typically commands higher rental income due to the close proximity of ever-growing Netflix, The Paramount studio, and entertainment industry employers and offices. This part of Hollywood is also located right above prestigious Hancock Park and Larchmont Village making it even more attractive and convenient to young professionals and Millenials. Owner occupier's DREAM. Live in 1 unit while your neighbors pay your mortgage. This one totally screams investor's attention.

  • March, 2020

  • Mar 18, 2020

    Date

    Sold

    CRMLS: CV20023864

    $1,020,000

    Price

  • Feb 3, 2020

    Date

    Pending

    CRMLS: CV20023864

    $1,100,000

    Price

  • Feb 3, 2020

    Date

    Active

    CRMLS: CV20023864

    $1,100,000

    Price

  • March, 2020

  • Mar 18, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,020,000

    Price

  • November, 2019

  • Nov 6, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 5542 Romaine St

Assessed Value (2020): $70,106
Year Land Value Improved Value Assessed Value
2020 $49,289 $20,817 $70,106

Home Value Compared to the Market

This property vs the competition

5542 Romaine St sold on March 18, 2020 for 7.56% lower 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 $562.37 per/sqft which puts the price per square foot 25.51% lower than the current median sale per square foot for the city of Los Angeles.

About 5542 Romaine St

Detailed summary of property

5542 Romaine St is a duplex that recently sold in Los Angeles, CA 90038. This duplex offered 4 bedrooms, 2 bathrooms, roughly 1,956 living square feet, and sits on an approximately 6,776 square foot lot. 5542 Romaine St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,020,000. 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 7.56% lower than the current median priced home. Local homes that are currently for sale include 3456 Plata St, 6845 Alta Loma and 2733 Council St. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 5542 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 5542 Romaine St

Public county record property details
Beds
4
Baths
2
Year built
1912
Sq. Ft.
1,956
Lot Size
6,776
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
24
APN
5535-005-019

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%)

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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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