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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$3,999,999

Est. payment - /mo

21 Beds

21 Baths

9,437 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 9,437 sqft

Price per Sqft $423

MLS Listing ID 25578783

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 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. 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, and Melrose, 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 priced very well and rare to find! 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

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Listed by Daniel Lalezari Keller Williams Hollywood Hills

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5436 Romaine ST Los Angeles, CA 90038