Roderick 'rick' Raymundo
This listing was posted on RealtyWW.
$2,750,000
Home For Sale In Los Angeles, California
Price:
$2,750,000
BR/BA:
10+ BR, 10+ BA
Location:
5380 Romaine St, Los Angeles, CA
Description:
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.For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i70272686
Property Type:
Single-Family Houses
Posted:
April 5 on RealtyWW
Visit Our Partner Website
This listing was posted on another website. Click here to open: Go to RealtyWW
Important Safety Tips
These might be signs of fraud:
- Really cheap prices
- Irregular email adresses
- Contact info in pictures
To learn more, visit the Safety Center or click here to report this listing.
More About this Listing: Home For Sale In Los Angeles, California
Home For Sale In Los Angeles, California is a 10+ BR 10 Bathroom, 10+ BA, 16 Bathroom Single-Family Homes for Sale at 5380 Romaine St in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 5380 Romaine St by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 16 Bathroom Single-Family Homes for Sale in Los Angeles CA.
Home For Sale In Los Angeles, California is a 10+ BR 10 Bathroom, 10+ BA, 16 Bathroom Single-Family Homes for Sale at 5380 Romaine St in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 5380 Romaine St by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 16 Bathroom Single-Family Homes for Sale in Los Angeles CA.