5436 Romaine Street, Los Angeles, CA 90038
Local realty services provided by:ERA North Orange County Real Estate
5436 Romaine Street,Los Angeles, CA 90038
$3,849,999
- 21 Beds
- 21 Baths
- 9,437 sq. ft.
- Multi-family
- Active
Listed by: daniel lalezari
Office: keller williams hollywood hills
MLS#:26657117
Source:CRMLS
Price summary
- Price:$3,849,999
- Price per sq. ft.:$407.97
About this home
Welcome to 5436 Romaine- A Modern Massive Brand New 2025 Construction fully vacant Non Rent Control 5-unit building that is located in an Qualified Opportunity Zone area which offers significant tax benefits (buyers can consult with their CPA for all the benefits). This huge sleek 5-Plex features 9,437 sq ft of livable area, an unheard of projected cap rate of 6.51% in Hollywood with an amazing 92 walk score and an unmatched price per sq ft of $407 in Hollywood well below today's replacement costs and there is potential to covert the garages into 2 adus! This luxury complex is comprised 5 units, featuring (4) four beds, four baths and (1) Five bed, Five bath- ranging from approx 1800 sq ft-2100 sq ft with massive huge bedrooms throughout all units. The property is fully vacant currently and has projected monthly income of $26,000 and yearly gross income of $312,000 and there is a option to be delivered fully vacant or leased. 5436 Romaine is located minutes from Larchmont, Los Feliz, Silverlake, Melrose, Netflix and Paramount Studios and it's very central location becoming very attractive for renters. Each unit has beautiful oak color vinyl flooring with a ton of natural light and additional recessed lights in all units. All units have brand new stainless steel appliances, washer, dryer and designer lovely grey kitchen cabinets with white calcatta quartz countertops, designer bathroom tiles, enormous balconies and patios, and Central A/C & Heating. The units consists of 10 total parking spaces, including covered garages and carport spaces. Each unit is separately metered for utilities. Buyer will enjoy a 1 year building warranty, low maintenance and very low expenses. Some of the units have beautiful views of the Griffith observatory, Hollywood sign and Hollywood Hills. Recent nearby 4plex building sold for $3,685,000 making this building an amazing deal, very attractive, with a high cap! Buyer to verify all!...
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Home facts
- Year built:2025
- Listing ID #:26657117
- Added:142 day(s) ago
- Updated:March 19, 2026 at 01:33 PM
Rooms and interior
- Bedrooms:21
- Total bathrooms:21
- Kitchen Description:Dishwasher, Microwave, Refrigerator, Washer
- Living area:9,437 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central Furnace
- Central air:Yes
Structure and exterior
- Year built:2025
- Building area:9,437 sq. ft.
- Lot area:0.16 Acres
- Architectural Style:Modern
- Levels:Multi Split
Finances and disclosures
- Price:$3,849,999
- Price per sq. ft.:$407.97
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
- Laundry features:Dryer, Washer
Parking
- Total parking spaces:10
- Parking description:Carport
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