Modern

5436 Romaine Street

Los Angeles , CA 90038

MLS#: 25578783

$3,999,999

Status: Active
Listing number: 25578783
Listing provided by: Keller Williams Hollywood Hills
Listing agent phone: None
Last update: 13 hours ago
New on site 1 day ago
Browse Properties
Main image without alt text

Property

Beds

21

Full Baths

None

1/2 Baths

None

Year Built

2025

Sq.Footage

9,437

Welcome to 5436 Romaine- A Modern Massive Brand New 2025 Construction 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 6.84% in Hollywood and an unmatched price per sq ft of $423 in Hollywood well below replacement costs. This luxury complex is comprised of two duplexes, (2) with an attached ADU on one of the duplexes, featuring (4) four beds, four baths and (1) Five bed, Five bath- ranging from approx 1800 sq ft-2100 sq ft with big bedrooms throughout. 5436 Romaine is located minutes from Larchmont, Los Feliz, Silverlake, and Melrose, 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 priced very well and rare to find! Buyer to verify all!

Features & Amenities

Interior

  • Total Bedrooms

    21

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Central

Exterior

  • Garage

    No

  • Parking

    Attached, Carport

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.1607

  • Property Type

    Residential Income

  • Architectural Style

    Modern

Price

  • Sales Price

    $3,999,999

  • Sq. Footage

    9, 437

  • Price/SqFt

    $423

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • Senior Community YN

    NO

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Daniel Lalezari , Keller Williams Hollywood Hills

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Welcome to 5436 Romaine- A Modern Massive Brand New 2025 Construction 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 6.84% in Hollywood and an unmatched price per sq ft of $423 in Hollywood well below replacement costs. This luxury complex is comprised of two duplexes, (2) with an attached ADU on one of the duplexes, featuring (4) four beds, four baths and (1) Five bed, Five bath- ranging from approx 1800 sq ft-2100 sq ft with big bedrooms throughout. 5436 Romaine is located minutes from Larchmont, Los Feliz, Silverlake, and Melrose, 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 priced very well and rare to find! Buyer to verify all!

5436 Romaine Street

Message successfully sent.

What would you like to know?

Related Properties

New on site 3 days ago
Rare Opportunity! First time on-market in more than EIGHTYYEARS! A must-have for investors seeking a high-income property in a desirable neighborhood. Perfect for owner/occupier or multi-generational family group (two large3 bedroom, 2 bathroom residences to be delivered vacant at close of escrow). Built in 1927 and meticulously maintained since by just a few owners, 143 N Sycamore Ave is a fine example of what is now considered classic Hollywood architecture (typical of the earlier years of the Golden Age of Hollywood when apartment homes frequently featured Spanish-accents and arched front windows). Four spacious, 3 Bedroom apartment residences, each with two bathrooms and laundry, occupy two stories and a total of 7,672 sf.143 N Sycamore Ave has a 7,503 sf lot on a beautiful tree-lined street. All just steps from shops, restaurants, and places of worship. Five Garages are located on-site to accommodate residents' parking (garages could be converted to ADUs).
#25578371

Los Angeles

143 N Sycamore Avenue

12 Beds

None Baths

7,672 Sq.Ft.

$4,250,000

MLS#: 25578371

New on site 3 days ago
4512 St. Elmo Dr, a rare newer construction 6 unit (4 townhomes + 2 large, attached ADU’s) in prime Mid-City! Fully stabilized at phenomenal rents, boasting a REAL 5.58% CAP RATE!! This premium new construction property is comprised of two massive buildings (a whopping 8,100 square feet!) containing two expansive 4 bedroom, 3 bathroom tri-level units, two 3 bedroom, 3 bathroom trilevel units, and two large 2 bedroom, 2 bathroom units. In addition to its incredible design and curb appeal, 4512 St. Emlo Dr. boasts NO RENT CONTROL, high return, and separate meters for all utilities! This totally turnkey 6-unit features washers and dryers in all units, stainless steel appliances, high ceilings, massive balconies off the living rooms and bedrooms, ample windows letting in tons of natural light, gorgeous modern kitchens and bathrooms, and beautifully designed landscaping. Now is the time to place your money in hiqh quality, tangible real estate as opposed to letting your money sit in the bank! This property is situated in the ultra-trendy Mid-City market, 10 minutes from Downtown Culver City and the countless hotspots in the area, including the trendy Helms Bakery District, the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), and the Cumulus District (Whole Foods). With the large quantity of entertainment, tech, and creative jobs in the area, this area attracts outstanding professional tenants!
#BB25181202

Los Angeles

4512 St Elmo Drive

None Beds

None Baths

8,100 Sq.Ft.

$3,950,000

MLS#: BB25181202

We proudly present 5623 Meridian St. This prime Highland Park property offers incredible seller financing at 3.80% interest-only, fixed for five years, with a loan balance of $2,175,000. Featuring significant upside in rents, it delivers an attractive 6.02% cash-on-cash return from day one. Located just steps from York Boulevard and one mile from Figueroa Street, the property boasts large, spacious units averaging 835 square feet and a desirable unit mix of eight one-bedroom/one-bath and six two-bedroom/two-bath layouts, making it an exceptional investment opportunity.
#25577281

Los Angeles

5623 Meridian Street

20 Beds

None Baths

11,738 Sq.Ft.

$3,500,000

MLS#: 25577281

We are pleased to present our latest listing, 18 units located at 833 South Alvarado Street. This investment opportunity is positioned between Koreatown, Silver Lake, and MacArthur Park, with terrific access to Downtown and the rest of Los Angeles! This investment is priced to sell at a current 6.93% Cap Rate and 9.05 GRM, with projected rental upside of about 26% for a new owner! The units are comprised of (2) 2 Bed / 2 Bath units and and (16) 1Bed / 1 Bath units. The building is 11,846 square feet and the units are large, averaging about 650 square feet each, and many have access to private patios. The grounds also feature onsite laundry and secure parking for all units. Soft-story seismic retrofit work has also been completed, and units are individually metered for gas and electricity. With a terrific walk score of 96, the property is surrounded by many great amenities, allowing tenants to accomplish most errands and daily tasks on foot, cutting down on the need for parking. Transit options are also exceptional, with terrific access to bus stops and metro rail lines.
#25575981

Los Angeles

833 S Alvarado Street

20 Beds

None Baths

11,846 Sq.Ft.

$3,395,000

MLS#: 25575981

Rare and interesting multi-family / development opportunity on the western edge of Bel Air. Original 4 units w/ 2 units added with permits. Possible potential to split one unit with minimal cost. Phenomenal location adjacent to Bel Air, Westwood, Brentwood. Soft story retrofit has not been completed. Seller occupies 1 unit, may be delivered vacant.
#25557731

Los Angeles

620 Acanto Street

10 Beds

None Baths

4,045 Sq.Ft.

$3,495,000

MLS#: 25557731

3407 Drew Street is a 16-unit apartment building consisting of five (5) one-bedroom units, two (2) two-bedroom/one-bathroom units, and nine (9) two-story two-bedroom/one-and-a-half bathroom units spread across 12,083 rentable square feet. Each unit is separately metered for gas/electric, and it is allocated one parking space.
#CV25174766

Los Angeles

3407 Drew Street

None Beds

None Baths

12,083 Sq.Ft.

$3,200,000

MLS#: CV25174766

Introducing a newly remodeled 23-unit multifamily investment opportunity in the heart of Historic South Los Angeles offered at a 7.0% Cap Rate!! This upgraded residential community features a strong unit mix of 20 studios and 3 one-bedroom apartments, with 19 units fully gut-renovated and outfitted with brand-new systems and modern finishes. Residents enjoy a host of desirable amenities, including on-site laundry, high-speed Wi-Fi, and cable television—all included for added convenience. Outdoor common areas feature a half basketball court with a hoop, a picnic table, and a BBQ grill, creating a welcoming space for recreation and relaxation. The property also includes a designated smoking area and is secured with a video surveillance system. Ideal for investors seeking stable cash flow with minimal deferred maintenance, this turnkey asset offers modern living in a culturally rich and growing neighborhood.
#PW25173070

Los Angeles

440 E 27th Street

None Beds

None Baths

7,312 Sq.Ft.

$3,625,000

MLS#: PW25173070

695 S. Norton Avenue is a rare 9-unit multifamily investment opportunity located in the heart of Wilshire Park, one of Koreatown's most desirable neighborhoods. Encompassing 11,647 rentable square feet, the property offers exceptionally large units with the two bedrooms averaging approximately 1,375 square feet each. The well-balanced unit mix includes six (6) spacious 2-bedroom, 2-bath units; two (2) 2-bedroom, 2-bath units with dens; and one (1) Studio unit. All residences are situated above a gated, subterranean parking garage with 13 spaces. Additional property features include secured entry with intercom access, gated underground parking, an elevator, and a shared laundry facility. With approximately $130,000 in rental upside (representing a 50% loss-to-lease), a new owner will have the opportunity to add significant value through interior renovations as units turn. Positioned just off Wilshire Boulevard, between the Wilshire/Western and Wilshire/La Brea Metro stations, the property offers tenants seamless connectivity to both Downtown Los Angeles and the Westside.
#25572123

Los Angeles

695 S Norton Avenue

18 Beds

None Baths

11,647 Sq.Ft.

$3,600,000

MLS#: 25572123

Sleek and modern 5-unit apartment building in prime West Los Angeles. Featuring dramatic 18-foot ceilings, private rooftop terraces, and open-concept floor plans, these spacious units include in-unit washer/dryer, central A/C and heat, and stainless steel appliances. Select units have been recently updated. The building offers secure subterranean parking and each unit is separately metered for gas, electricity, and water. Not subject to City of Los Angeles Rent Stabilization Ordinance. Located in a vibrant rental market with strong tenant demand and proximity to shops, dining, and major thoroughfares.
#SB25169765

Los Angeles

1421 Greenfield Avenue

None Beds

None Baths

8,453 Sq.Ft.

$4,400,000

MLS#: SB25169765

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here