5436 Romaine St - Apartments FOR SALE


Los Angeles, CA 90038- East Hollywood
$3,849,999 USD
310-650-4220
5436 Romaine St, Los Angeles, CA for Sale
$3,849,999 USD
Apartments - FOR SALE
1/51
null | 6.67% Cap Rate

5436 Romaine St
Los Angeles, CA 90038
East Hollywood


HIGHLIGHTS

  • Located in an Qualified Opportunity Zone, which offers significant tax benefits(buyers to consult and verify with their CPA)
  • Projected 6.67% Cap rate with a price per sq foot of $407, significally lower than comps and replacement cost
  • Brand New Construction 2025, Non Rent Control-Massive units with big bedrooms and open floor plan with tons of natural light
  • Close to Larchmont, Los Feliz, Silverlake, Netflix and Paramount Studios, very central location for Renters

OVERVIEW

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 6.66% in Hollywood 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. There is a option for buyer to be delivered fully vacant or fully leased at $26,500. 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!

FOR SALE DETAILS

PRICE

$3,849,999 USD

PRICE/SF

$408 USD /SF

# OF UNITS

5

PRICE/UNIT

$770,000

CAP RATE

6.67%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5436 Romaine

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,000 SF

ZONING

LARD1.5

APN/PARCEL ID

5535-006-019

ASK ABOUT THIS PROPERTY

Daniel LalezariLuxe CapitalMore Info
310-650-4220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Daniel LalezariLuxe CapitalMore Info
310-650-4220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.