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5436 Romaine Street, Los Angeles, CA 90038
Priced at Only: $3,849,999
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Address: 5436 Romaine Street, Los Angeles, CA 90038
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  • MLS#: 26635011 ( )
  • Street Address: 5436 Romaine Street
  • Viewed: 1
  • Price: $3,849,999
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2025
  • Bldg sqft: 0
  • Days On Market: 45
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90038
  • Provided by: Keller Williams Hollywood Hills
  • Contact: Daniel Daniel
  • California Regional MLS IDX
  • DMCA Notice
  • 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). 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. 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!
Features
Appliances
  1. Dishwasher
  2. Disposal
  3. Microwave
  4. Refrigerator
Architectural Style
  1. Modern
Building Area Total
  1. 9437.00
Cooling
  1. Central Air
Country
  1. US
Heating
  1. Central
Laundry Features
  1. Washer Included
  2. Dryer Included
Levels
  1. Multi/Split
Netoperatingincome
  1. 250635.00
Parcel Number
  1. 5535006019
Parking Features
  1. Carport
Postalcodeplus4
  1. 3209
Sourcesystemkey
  1. 26635011:CLAW
Totalexpenses
  1. 61365.00
Year Built
  1. 2025
Year Built Source
  1. Builder
Zoning
  1. LARD1.5
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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