5436 Romaine Street Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90038
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,437 sqft
Price per Sqft $423
MLS Listing ID CL25578783
Year Built 2025
Lot Size 7,000 Sqft
Property Sub-Type Other
Property Description
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 plus some banks potentially can do residential financing, as the 5th unit is considered an ADU. (buyer to verify). 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, 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
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Other
Cooling Central Air
Laundry Dryer,Washer
Building
New Construction No