x
Address
4959 ROMAINE Street Los Angeles, CA
Price
$ 7,500,000
Property Attributes
  • MLS#19530150
  • TypeContingent
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaHollywood
  • Zip90029
  • Style
  • Price$ 7,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Neema Ahadian with Marcus & Millichap.
Property Description

Built in 1956, this 20-unit property is located on a 15,599 SF lot in the East Hollywood neighborhood of Los Angeles. The two-story building features 18 one-bedroom units and two three-bedrooms units, all with spacious floor plans and sophisticated interior finishes.All the units have undergone extensive renovations, including in-unit washers and dryers, hardwood flooring, custom cabinetry as well as high-end appliances. The property is separately metered for gas and electric and has eighteen parking spaces.This offering presents an investor the opportunity to purchase a stabilized asset with market rents and extensive renovations, providing passive income in a market that has shown consistent growth in population and rents year over year. There are no long-term tenants as all of the units have been leased within the past twelve months.

Price History
11/14/2019 Listed $7,500,000

General Features

Directions Go north on N Normandie Ave. Make a right on Romaine Street and the destination will be on your left.
Listing Agent Neema Ahadian - BRE#01346750
Listing Agent State License 01346750
MLS Area C20 - Hollywood
Special Listing Conditions Standard
Total Units 20
Zoning LAR3

Interior Features

Appliances Refrigerator
Appliances Y/N Yes
Total Stories 3

Exterior Features

Lot Size Source Assessor
Number of Buildings 1
Parking Features Covered
Parking Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90029

Price
AVG $1.82M
$7.5M
Visits
AVG 19
23
Year Built
AVG 1976
1956
Walkscore
AVG 88
88
Data Provided by Walkscore ® not using MLS data

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