5436 Romaine ST, Los Angeles, CA 90038
5436 Romaine ST, Los Angeles, CA 90038
5436 Romaine ST, Los Angeles, CA 90038
52
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$3,699,999
Est. payment /mo
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21 Beds
21 Baths
9,437 SqFt
New

5436 Romaine ST Los Angeles, CA 90038

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Herb Rim

Herb Rim

+1(818) 699-9179

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 9,437 sqft

Price per Sqft $392

MLS Listing ID 26854547

Bedrooms 21

HOA Y/N No

Year Built 2025

Lot Size 7,000 Sqft

Property 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 leased or vacant as there are lease applications in hand! 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 6.83% with an amazing 92 walk score and an unmatched price per sq ft of $392 in Hollywood, well below today's replacement costs . THERE IS POTENTIAL TO CONVERT THE GARAGES INTO 2 ADUS and to sell each unit separately by TIC the building, endless opportunities for adding value! 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 one of the highest brand new construction buildings cap rates in the area! Buyer to verify all!

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Carport

Total Parking Spaces 10

Building

Story 3

Entry Level Multi/Split

Architectural Style Modern

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5535006019

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Daniel Lalezari Keller Williams Hollywood Hills #01949474

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5436 Romaine ST

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Herb Rim

Herb Rim

Realtor | License ID: 01870707

+1(818) 699-9179

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