5068 Romaine Street

    Los Angeles (City), CA 90029
    • $1,795,000
    • STATUS: Active
    • ON SITE: 59 days
    • ID#: 19499494
    UPDATED: 42 min ago
    $1,795,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,361
      SQFT
    • $134
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    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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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-14T08:29:09.797. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/98012674

    5068 Romaine Street Los Angeles (City), CA 90029

    • Price: $1,795,000
    • Status: Active
    • Updated: 42 min ago
    • ID#: 19499494
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    13,361
    SQFT
    $134
    $/SQFT
    1922
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    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.
    Exterior Features

    Lot Features LevelValue In LandTear Down Lot Size Source Assessor Lot Size Units Square Feet Parking Features Subterranean Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Cooling Central Air Cooling YN Yes Laundry Features None

    Property Features

    Gross Multiplier 0.00 Gross Operating Income 0.00 Improvements Amount 347565 Land Value 730043 Laundry YN No Net Operating Income 0.00 Property Condition Fixer Special Listing Conditions Standard Total Expenses 0.00 Zoning Lar3

    Listing provided courtesy of Laura Reckmeyer of Acme Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-14T08:29:09.797. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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