5074 ROMAINE Street, Los Angeles , CA  90029 for $1,450,000 


 

Title of the document

 

Sold Date3/16/2018
Closed

5074 ROMAINE StreetLos Angeles, California CA90029

Listing ID18311164

5,756 SqFt

$1,350,000

Pleased to present for sale this excellent investment opportunity in the heart of vibrant East Hollywood. The opportunity boasts an excellent unit mix of (4) 2+1 Units with Bonus/Office Rooms and (1) 1+1 Unit with a Bonus Room with (4) on-site parking spaces, as well as (5) storage spaces. Each unit has it's own laundry and dryer hookup. With (1) unit already vacant and delivered vacant at the COE, a second unit will be delivered vacant at the COE or after an agreed upon time from close, the opportunity provides for immediate upside potential. Furthermore, with LAR3 Zoning, an investor has an opportunity for future development! DO NOT WALK ON PROPERTY OR DISTURB TENANTS - DRIVE BY ONLY! The property is centrally located in the rapidly gentrifying area of East Hollywood, within close proximity to Echo Park, Los Feliz, Koreatown and the Sunset Strip. The property has a walk score of (86) and is located near Los Angeles City College and several parks including, Lemon Grove Recreation Cent
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