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5380-5390 Romaine St
Los Angeles, CA 90029
All 2BRs | Assumable Loan-4.47% Interest-Only · Multifamily Property For Sale
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10 Units
Investment Highlights
- All Two Bedroom Units -- 40% of the Apartments Constructed in 1988
- Dense Melrose Hill Rental Market -- Adjacent to Hancock Park, Koreatown, and Prime Hollywood
- Not on LADBS Seismic Retrofit List (Buyer to Verify)
- Excellent Value-Add Opportunity – Approximately 46% in Proven Rent Upside
- Assumable Interest-Only Loan Fixed at 4.47% Interest Until August 2027
- Melrose Hill was Named Los Angeles’ Hottest Culinary Boom Town by Eater Los Angeles in January 2024
Property Facts
| No. Units | 10 | Lot Size | 0.24 AC |
| Property Type | Multifamily | Building Size | 8,760 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1922/1988 |
| Building Class | C | ||
| Zoning | RD1.5, Los Angeles | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 8,760 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1922/1988 |
| Zoning | RD1.5, Los Angeles |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,703 | 825 |
| 2+2 | 6 | $1,778 | 910 |
Property Taxes
| Parcel Number | 5535-021-010 | Improvements Assessment | $1,061,208 |
| Land Assessment | $1,485,691 | Total Assessment | $2,546,899 |
Property Taxes
Parcel Number
5535-021-010
Land Assessment
$1,485,691
Improvements Assessment
$1,061,208
Total Assessment
$2,546,899
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