There are multiple listings for this address:
5436 Romaine ST
Los Angeles, CA, 90038
$3,799,999
21 Beds
21 Baths
9,437 SqFt
0.16 Acres
Add
MLS #26667229 image #0
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!

Property Details

Price:
$3,799,999
MLS #:
26667229
Status:
Active
Beds:
21
Baths:
21
Type:
Single Family
Neighborhood:
c20hollywood
Listed Date:
Mar 19, 2026
Finished Sq Ft:
9,437
Total Sq Ft:
9,437
Lot Size:
7,000 sqft / 0.16 acres (approx)
Year Built:
2025
ModernNewconstructionC20 – HollywoodC20hollywood

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Schools

Interior

Appliances
DW, GD, MW, RF
Cooling
CA
Heating
CF
Laundry Features
DINC, WINC
Levels
S

Exterior

Architectural Style
MOD
Attached Garage YN
1
Parking Spots
10
Parking Total
10

Financial

Gross Operating Income
$312,000
Net Operating Income
$252,390

Map

Community

Market Summary

Current real estate data for Single Family in Los Angeles as of Apr 24, 2026
8,862
Single Family Listed
89
Avg DOM
506
Avg $ / SqFt
$1,505,451
Avg List Price

Property Summary

    5436 Romaine ST Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90038. It is listed for $3,799,999 and features 21 beds, 21 baths, and has approximately 9,437 square feet of living space, and was originally constructed in 2025. The current price per square foot is $403. The average price per square foot for Single Family listings in Los Angeles is $506. The average listing price for Single Family in Los Angeles is $1,505,451.

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5436 Romaine ST
Los Angeles, CA
5436 Romaine ST
Los Angeles, CA, 90038
$3,699,000
21 Beds
21 Baths
9,437 SqFt
0.16 Acres
Add
MLS #26731755 image #0
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!

Property Details

Price:
$3,699,000
MLS #:
26731755
Status:
Active
Beds:
21
Baths:
21
Type:
Single Family
Neighborhood:
c20hollywood
Listed Date:
Apr 15, 2026
Finished Sq Ft:
9,437
Total Sq Ft:
9,437
Lot Size:
7,000 sqft / 0.16 acres (approx)
Year Built:
2025
ModernNewconstructionC20 – HollywoodC20hollywood

Ask a Question

See this Listing

Send
  

Schools

Interior

Appliances
DW, GD, MW, RF
Cooling
CA
Heating
CF
Laundry Features
DINC, WINC
Levels
S

Exterior

Architectural Style
MOD
Attached Garage YN
1
Parking Spots
10
Parking Total
10

Financial

Gross Operating Income
$312,000
Net Operating Income
$252,390

Map

Community

Market Summary

Current real estate data for Single Family in Los Angeles as of Apr 24, 2026
8,862
Single Family Listed
89
Avg DOM
506
Avg $ / SqFt
$1,505,451
Avg List Price

Property Summary

    5436 Romaine ST Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90038. It is listed for $3,699,000 and features 21 beds, 21 baths, and has approximately 9,437 square feet of living space, and was originally constructed in 2025. The current price per square foot is $392. The average price per square foot for Single Family listings in Los Angeles is $506. The average listing price for Single Family in Los Angeles is $1,505,451.

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