New

$3,799,999

For Sale

7 days ago

5436 Romaine St, Los Angeles, CA

Name: 5436 Romaine St, For Sale in Los Angeles - eXp Realty
Brand: Keller Williams Hollywood Hills
SKU: 26667229
Price: 3799999 USD

MLS® 26667229

21 Bed

21 Bath

9437 sqft

10 Parking

Key Facts
Description
Map

Key Facts

Type Other

Levels Residential Income

Size 9437 sqft

Garage No

HOA Fees

Taxes

Days Active 6

Approx. Age 2025

Avg. Price Per Sqft $402

MLS® Number 26667229

Property Address: 5436 Romaine St, Los Angeles, CA, 90029-2474

Average square foot calculated using Size range provided by listing agent.

Description

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). The property is currently fully vacant and the buyer has the option to be delivered 100% FULLY LEASED or vacant with a projected monthly income at $26, 000 per month and a yearly gross income of $312, 000. This sleek and modern 5-Plex features 9, 437 sq ft of livable area, an unheard of projected cap rate of 6.60% in Hollywood with an amazing 92 walk score and an unmatched price per sq ft of $402 in Hollywood well below today's replacement costs .There is also a potential to convert 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 currently fully vacant and can be delivered 100% Fully leased with at $26, 000 per month, and a yearly gross income of $312, 000. 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!

MLS® Number26667229

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age2025

Stories3

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 19, 2026List Date

$3,799,999List Price

-End Date

Not Sold YetSold Price

For Rent

Mar 25, 2026List Date

$4,370List Price

Commute

Commute

Starting Address

Destination Address

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