4959 Romaine St
Los Angeles, CA 90029

Bd   Ba   15,520 Sqft   26 Days
4959 Romaine St, a twenty unit apartment building, located in the heart of Los Angeles' East Hollywood neighborhood. Built in 1951, the building consists of nineteen (19) one-bedroom/one-bathroom units and one two-bedroom/one and three-quarters bath unit. Separately metered for gas and electric, the property conveniently offers thirteen(13) on-site parking tuck under spaces. This is a true value-add opportunity for an investor to acquire a mid-sized asset that can potentially yield over thirty-five percent (35%) rental upside with unit and property upgrades, meeting the strong market rents in an emerging and densely populated rental market.
  • $0 HOA
  • $258/Sqft
  • MLS#17265928 provided by Neema Ahadian of Marcus & Millichap
  • Movoto last checked CRMLS for new data 2 hours ago
  • CRMLS last updated this listing 3 weeks ago

Home Features for 4959 Romaine Street, Los Angeles

Year Built: 1956
Lot Size Acres: 0.35
Lot Size Square Feet: 15600
Lot Size Units: Square Feet
Lot Size Area: 15600
Price Per Square Foot: 257.73
Taxes Percent: 1.19
Parcel Number: 5538003011
Special Listing Conditions: Standard
Standard Status: Active
Exterior
Number Of Buildings: 1
Building Area Total: 15520
Parking Features: Side By Side
Number Of Units Total: 20
Amenities / Utilities
Laundry Features: See Remarks
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Property History for 4959 Romaine Street, Los Angeles

Status
Date
Price
Listed
Aug 30, 2017
$4,000,000
#17265928

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Real Estate Market Statistics for 4959 Romaine Street, Los Angeles

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4959 Romaine Street

No data!
East Hollywood
Los Angeles
90029
List Price
Price/Sqft
Homes for Sale
Days on Movoto

List Price

$4M

4959 Romaine Street

$725K

East Hollywood

11% y/y

East Hollywood

$815K

90029

0% y/y

90029

$965K

Los Angeles

0% y/y

Los Angeles

See all trends for Los Angeles
4959 Romaine St in 90029 is currently listed for 4,000,000. As of today, , this is 315% above the median price of $965,000 for the city of Los Angeles, CA and 391% above the median of $815,000 for ZIP code 90029. Right now, there are 9 properties for sale in 90029 and 2,060 properties listed for sale in Los Angeles. Those 2,060 properties are made up of 1,459 single family homes and 601 condos. The square footage of 4959 Romaine St is approximately 15,520, which is 824% above the median size of 1,680 square feet in Los Angeles and 984% above the median size of 1,432 square feet in ZIP code 90029. This property's price per square foot is $258, which is 60% below the $652 median in 90029 and 57% below the $604 Los Angeles median.
Built in 1956, this multi family house at 4959 Romaine St is approximately 15,520 square feet and does not come with a parking spot. It is listed on 08/30/2017 with a cost per Sqft of $258. 4959 Romaine St is located in the East Hollywood neighborhood in the Los Angeles Unified School District. The closest school is Ramona Elementary School.

4959 Romaine St has been on the market for 26 days. The median days on the market for properties in this area is 40 with a median list price of $965,000 and median cost per square foot of $604. It's currently listed as active under the MLS #17265928.

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