Spread over three buildings on one large 10,319 parcel, the property contains exclusively two-bedroom apartments. While six of those units were constructed in 1922, four units were added in 1988. A new investor may be able to continue the current program of upgrading unit interiors, which has established rent benchmarks at $2,383- $2,495. In total, there may be approximately 46% rent upside among the remaining below-market units. Situated near the intersection of Santa Monica Boulevard and Western Avenue, the property lies just east of Paramount Studios and the Hollywood Forever Cemetery. The exclusive Hancock Park neighborhood is only a few blocks southwest, while Koreatown and the Hollywood Walk of Fame are both nearby as well. The new 14-story ICON office tower, primarily leased to Netflix, was recently completed at the nearby Sunset Bronson Studios, while additional new construction is scheduled for Sunset Gower Studios, just one mile from the property. There, a joint venture between Hudson Pacific Properties and The Blackstone Group will be expanding the studio and office space, adding 620,000 square feet to the studio campus. The Melrose Hill neighborhood was recently named Los Angeles' Hottest Culinary Boom Town by Eater Los Angeles. Several exciting dining options have recently debuted in the immediate area, including Etra, Kuya Lord, Ggiata, Cafe Telegrama, and Le Coupe. Tenants can look forward to even more culinary options in the near future, as Little Fish, Bar Etoile, and Holy Basil are slated to open as well.
Property Details
Property Features
Property Information:
Year Built: 1922
Stories: 2
Living Area: 8,760 SqFt
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Roderick 'Rick' Raymundo
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 20
Lot Features
Lot Information:
Lot Size: 0.24 Acres
School Info
Assigned Schools Information:
Helen Bernstein High School, Public District Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Joseph Le Conte Middle School, Public Magnet Grades 6-8
Studio, Public District Grades 6-8
Kingsley Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: We are pleased to announce the opportunity to purchase 5380-5390 Romaine Street, a 10-unit multifamily property located in the Melrose Hill district of Hollywood, CA.
Price Information
Listing Price Info
Price Summary:
List Price: $2,750,000
Price Per SqFt: $314/SqFt
Tax Information:
Annual Amount: $18,935
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.7M more than the Median Sold Price and $314/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24375779
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Roderick 'Rick' Raymundo
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/29/2024, 4:20:26 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Dec 31, 2013
Dec 31, 2013Home Sold
$1,317,500
Aug 15, 2005
Aug 15, 2005Home Sold
$1,250,000
Jan 14, 1994
Jan 14, 1994Home Sold
$325,000
Sep 17, 1993
Sep 17, 1993Home Sold
$375,000
Sep 14, 1993
Sep 14, 1993Home Sold
$375,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$18,935
$1,492,071
2020
$18,393
$1,476,773
2019
$18,147
$1,447,818
2018
$17,729
$1,419,431
2017
$17,729
$1,391,600
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Kingsley Elementary School
5200 Virginia Ave
Distance between this listing and this school0.39 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school2.13 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school20.43 miles
Public Magnet Grades 1-5
Middle School
4
/10
Joseph Le Conte Middle School
1316 N Bronson Ave
Distance between this listing and this school0.65 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school4.26 miles
Public District Grades 6-8
High School
2
/10
Helen Bernstein High School
1309 N Wilton Pl
Distance between this listing and this school0.55 miles
Public District Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school6.55 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school13.15 miles
Public Magnet Grades 9-12
Assigned Schools
5
/10
Kingsley Elementary School
5200 Virginia Ave
Distance between this listing and this school0.39 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school2.13 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school20.43 miles
Public Magnet Grades 1-5
Assigned Schools
4
/10
Joseph Le Conte Middle School
1316 N Bronson Ave
Distance between this listing and this school0.65 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school4.26 miles
Public District Grades 6-8
Nearby Schools
6
/10
Citizens of The World Charter
1316 N Bronson Ave
Distance between this listing and this school0.65 miles
Public Charter Grades KG-8
Assigned Schools
2
/10
Helen Bernstein High School
1309 N Wilton Pl
Distance between this listing and this school0.55 miles
Public District Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school6.55 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school13.15 miles
The neighbors living near this home have an average income of $45,561. The majority of Los Angeles, CA residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5380 Romaine St
What is the listing price of this property?
The listing price of 5380 Romaine St property is $2,750,000.
What type of property is this?
The property 5380 Romaine St is a house located in Los Angeles, California, 90029.
Is this property for sale now?
Active Listing: 5380 Romaine St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 5380 Romaine St are: Kingsley Elementary School: GreatSchools Rating 5/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Joseph Le Conte Middle School: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10Helen Bernstein High School: GreatSchools Rating 2/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $18,935 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 31, 2013 for $1,317,500. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 5380 Romaine St has 20 bedrooms and 16 bathrooms.
What is the square footage of this property?
The property 5380 Romaine St is 8,760 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 5380 Romaine St is 1922.
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This home is located at 5380 Romaine St in Los Angeles, CA and zip code 90029 in the Central LA neighborhood. This 8,760 square foot home, which was built in 1922, sits on a 0.24 acre lot. Features: 20 bedrooms, 16 bathrooms. It has been listed on Rocket Homes since April 03, 2024 and is currently priced at $2,750,000.
In March 2024 more than 628 listings in Los Angeles, CA were sold above the asking price. During the same period more than 196 listings were sold at asking price, while more than 579 were sold below. The number of listings in Los Angeles, CA increased by 10.8% between February 2024 and March 2024. While the average time on the market in March 2024 was 34 days, the median list price was $975,970.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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