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Image 1 - 5391 Romaine Street, Los Angeles, CA 90029, USA - House for sale
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Image 4 - 5391 Romaine Street, Los Angeles, CA 90029, USA - House for sale
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Home For Sale In Los Angeles, California
5391 Romaine Street, Los Angeles, CA 90029, USA

Home For Sale In Los Angeles, California

house for sale
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Listed: 03/07/24

5391 Romaine Street, Los Angeles, CA 90029, USA

8 Bed:
8 Bath:
5,350 Sq Ft Living Area:
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Price
$ 1,58M

About This House

Charming 1920's property located in East Hollywood, near Santa Monica Blvd. and Western Ave. with very easy access to the 101 Freeway. The property is made up of 8 units, with a GREAT unit mix of Studios, 1+1's, and 2+1's. All units are separately metered for gas and electricity and have separate H20 heaters! Some of the plumbing has been upgraded to copper. Some of the units have been tastefully updated and one unit was fully remodelled in 2023. The property boasts a 5.01% CAP rate and13.42 GRMwith tremendous rental upside! The neighborhood is deemed a very walkable neighborhood with a walk score of 92 out of 100! Less than half a mile from the new Echelon Studios Complex project …  Full description

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Los Angeles Housing & Living

Average sale prices for houses

2 bed
3 bed
4+ bed
Show as List Show as Graph
In April 2024, the asking price for 2 bed houses for sale in/near Los Angeles, United States averaged $1,153,562, a decrease of 13.1% from the previous month.
Median price trends for properties for sale in Los Angeles, United States as of April 2024.

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.