Properties

Los Angeles, CA 90038 5436 Romaine Street

5436 Romaine Street Los Angeles, CA - Image 15436 Romaine Street Los Angeles, CA - Image 25436 Romaine Street Los Angeles, CA - Image 3
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Presented By: Daniel Lalezari with Keller Williams Hollywood Hills;
  • MLS# 26667229
  • 03/19/2026
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  • Beds • 21
  • Baths • 4
  • SQFT • 9,437

Home Details

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 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!
Presented By: Daniel Lalezari with Keller Williams Hollywood Hills;

Interior Features for 5436 Romaine Street

Bedrooms

Total Bedrooms21

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths21

Other Interior Features

LivingAreaSourcePlans
Air Conditioning Y/NYes
Heating Y/NYes
Total Stories3

General for 5436 Romaine Street

AppliancesDishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Architectural StyleModern
Attached Garage Yes
Cap Rate6.6
Carport Y/NYes
CityLos Angeles
CoolingCentral Air
CountyLos Angeles
DirectionsWest of Western Ave, between Wilton and Western Ave and North of Melrose and South of Santa Monica blvd
Full Baths
Gross Income312000
HOANo
HeatingCentral
LevelsMulti/Split
Living Area9437
Lot Size Square Feet7000
Lot Size UnitsSquare Feet
MLS AreaC20 - Hollywood
Net Operating Income250635
New ConstructionNo
Number Of Units Total5
PostalCityLOS ANGELES
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Year Built2025
Year Built SourceBuilder
ZoningLARD1.5

Exterior for 5436 Romaine Street

Building Area Total9437
Lot Dimensions50x140
Lot Size Acres0.1607
Lot Size Area7000
Number of Buildings2
Parking FeaturesCarport
Total Parking10

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $3,799,999
MLS#26667229
List Date 03/19/2026
Property Type Multi-Family
Phone 888.795.6274
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