NOT LISTED FOR SALE

6037 Romaine St Los Angeles, CA 90038

Hollywood Neighborhood

Estimated Value: $1,060,000 - $1,491,000

4 Beds
3 Baths
2,008 Sq Ft
$668/Sq Ft Est. Value

Last Sold October 23, 2020

Last sale price $1,030,000 $513 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $8,383/month

49 Days on Market

About This Home

As of October 2020

Major Value-Add Opportunity in Hollywood! Street to alley lot in an ideal location just west of Hollywood Forever and Paramount Studios. The spacious 6,507 SF lot is zoned LAR3 Tier 3 TOC providing excellent development potential (buyer to verify)! Situated in a prime location just moments from the Hollywood Walk of Fame to the north and Larchmont to the south. The property currently has three units, all currently in uninhabitable condition. Major value-add potential in renovating or starting from the ground up! Surrounded by LA's best shops and restaurants along Sunset Blvd, Santa Monica Blvd and Melrose Avenue. Convenient access to the 101 Freeway and Metro at the Vine station.

Last Agent to Sell the Property

David Berg

Compass License #01481236 Listed on: 07/21/2020

Compass

Co-Listed By

F. Ron Smith

Compass License #00961954

Last Buyer's Agent

Shaya Lowenstein

Lyon Stahl Investment Real Estate, Inc. License #01942326

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,586

Year Built

  • Built in 1914

Lot Details

  • 6,507

Parking

  • 2 Open Parking Spaces
  • 1 Car Garage

Home Design

  • 2,008 Sq Ft Home
  • Major Repairs Completed

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Shed
  • 6,507 Sq Ft Lot
  • Property Views

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5534-023-015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,586

Year Built

Built in 1914

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Major Value-Add Opportunity in Hollywood! Street to alley lot in an ideal location just west of Hollywood Forever and Paramount Studios. The spacious 6,507 SF lot is zoned LAR3 Tier 3 TOC providing excellent development potential (buyer to verify)! Situated in a prime location just moments from the Hollywood Walk of Fame to the north and Larchmont to the south. The property currently has three units, all currently in uninhabitable condition. Major value-add potential in renovating or starting from the ground up! Surrounded by LA's best shops and restaurants along Sunset Blvd, Santa Monica Blvd and Melrose Avenue. Convenient access to the 101 Freeway and Metro at the Vine station.
  • Living Area: 2008
  • Property Condition: Repairs Major
  • Year Built: 1914
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 597.56

Exterior Features

  • Other Structures: Shed(s)
  • View: Any
  • View: Yes

Garage/Parking

  • Garage Spaces: 1
  • Other Spaces: 2
  • Parking Garage: Garage - 1 Car, Uncovered
  • Total Parking: 3

Lot Info

  • Assessed Improvement Value: 119795
  • Assessed Land Value: 311980
  • Assessor Parcel Number: 5534-023-015
  • Lot Size Area: 6507

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Rent Control: 100
  • Total Annual Expense: 0
  • Type Of Units: Residential
  • Vacancy Rate: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2020
Closed on
Oct 16, 2020
Sold by
Civic Real Estate Holdings Iii Llc
Bought by
6037 Romaine Llc
Seller's Agent
David Berg
Compass
Buyer's Agent
Shaya Lowenstein
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,199,900
Sold Price
$1,030,000
Premium/Discount to List
-$169,900
-14.16%
Current Estimated Value
$1,341,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$311,272
Avg. Annual Appreciation
5.61%

Purchase Details

Closed on
Jun 1, 2020
Sold by
Civic Securitization Trust Ii
Bought by
2015 Real Estate Holdings Iii Llc

Purchase Details

Closed on
Jan 29, 2020
Sold by
Lexington 12 Llc
Bought by
Civic Securitization Trust Ii

Purchase Details

Closed on
May 10, 2018
Sold by
Alvarado Joel
Bought by
Lexington 12 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,200
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 21, 2008
Sold by
Alvarado Joel and Hernandez Gorgonia Edith
Bought by
Alvarado Joel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2003
Sold by
Arevalo Eduardo and Arevalo Elizabeth
Bought by
Alvarado Joel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,800
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 20, 1998
Sold by
Vargas Jose A and Vargas Esther M
Bought by
Arevalo Eduardo and Arevalo Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,550
Interest Rate
7.06%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
6037 Romaine Llc $1,030,000 Usa National Title Company
2015 Real Estate Holdings Iii Llc -- None Available
Civic Securitization Trust Ii $966,000 None Available
Lexington 12 Llc $1,249,000 North American Title Company
Alvarado Joel -- Southland Title
Alvarado Joel $346,000 Southland Title
Arevalo Eduardo $178,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lexington 12 Llc $999,200
Previous Owner Lexington 12 Llc $999,200
Previous Owner Alvarado Joel $390,300
Previous Owner Alvarado Joel $420,000
Previous Owner Alvarado Joel $393,750
Previous Owner Alvarado Joel $276,800
Previous Owner Arevalo Eduardo $208,302
Previous Owner Arevalo Eduardo $13,000
Previous Owner Arevalo Eduardo $173,550
Closed Alvarado Joel $51,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2020 10/23/20 Sold $1,030,000 -14.2% $513 / Sq Ft
09/08/2020 09/08/20 Pending -- -- --
07/21/2020 07/21/20 For Sale $1,199,900 -- $598 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,586 $1,114,904 $1,082,432 $32,472
2024 $13,586 $1,093,044 $1,061,208 $31,836
2023 $13,329 $1,071,612 $1,040,400 $31,212
2022 $12,720 $1,050,600 $1,020,000 $30,600
2021 $12,561 $1,030,000 $1,000,000 $30,000
2020 $15,744 $1,273,980 $1,020,000 $253,980
2019 $15,121 $1,249,000 $1,000,000 $249,000
2018 $5,607 $440,409 $318,219 $122,190
2017 $5,492 $431,775 $311,980 $119,795
2016 $5,355 $423,310 $305,863 $117,447
2015 $5,280 $416,952 $301,269 $115,683
2014 $5,324 $408,785 $295,368 $113,417
Source: Public Records

Agents Affiliated with this Home

  • David Berg

    Seller's Agent in 2020

    David Berg

    Compass

    (310) 500-3931

    4 in this area

    388 Total Sales

    David Berg
    Section Image
  • F. Ron Smith

    Seller Co-Listing Agent in 2020

    F. Ron Smith

    Compass

    (310) 500-3931

    4 in this area

    399 Total Sales

    F. Ron Smith
    Section Image
  • Shaya Lowenstein

    Buyer's Agent in 2020

    Shaya Lowenstein

    Lyon Stahl Investment Real Estate, Inc.

    (323) 944-2221

    1 in this area

    5 Total Sales

    Shaya Lowenstein
    Section Image
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Map

Source: The MLS

MLS Number: 20-607610

The MLS

APN: 5534-023-015

California Los Angeles County Los Angeles 90038 Hollywood

6037 Romaine St, Los Angeles, CA

This home is located at 6037 Romaine St, Los Angeles, CA 90038 since 21 July 2020 and is currently estimated at $1,341,272, approximately $667 per square foot. This property was built in 1914. 6037 Romaine St is a home located in Los Angeles County with nearby schools including Vine Street Elementary School, Hollywood Elementary School, and Hubert Howe Bancroft Middle School.

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