5150 Romaine Street

    Los Angeles (City), CA 90029
    • $1,195,000
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: 19506638
    UPDATED: 34 min ago
    $1,195,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,560
      SQFT
    • $467
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    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!

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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/98653678

    5150 Romaine Street Los Angeles (City), CA 90029

    • Price: $1,195,000
    • Status: Active
    • Updated: 34 min ago
    • ID#: 19506638
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    2,560
    SQFT
    $467
    $/SQFT
    1924
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    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!
    Exterior Features

    Lot Features Corner LotCul-De-Sac Lot Size Units Square Feet Parking Features Garage - Single DoorDriveway Parking YN Yes

    Interior Features

    Appliances DisposalRefrigeratorFreezerDishwasher Appliances YN Yes Cooling See Remarks Cooling YN Yes Flooring Wood Interior Features Balcony Laundry Features Washer IncludedDryer Included Room Type All Bedrooms Up

    Property Features

    Gross Multiplier 13.80 Gross Operating Income 86400.00 Improvements Amount 265259 Land Value 372423 Laundry YN Yes Net Operating Income 0.00 Property Condition Updated/Remodeled Special Listing Conditions Standard Total Expenses 0.00 Zoning Lar3

    Listing provided courtesy of Mark Duncan of Exp Realty Of California Inc and David Robles of Exp Realty Of California Inc


    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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