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Modern Multifamily Building in Hollywood

5436 Romaine St, Los Angeles, CA 90038

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For Sale

$3,699,999

MULTI_FAMILY - Los Angeles, CA

Property size:

9,437 SF

Lot size:

0.16 Acres

Price / SF:

$392/SF

HighLights

2025 modern 5‑unit building under construction; projected 9,437 SF of livable area
Fully vacant now, with option to be delivered 100% leased; projected income $26,000/month and $312,000/year
Projected 6.83% cap rate and $392 price per SF (buyer to verify)
All units feature central A/C and heating, recessed lighting, and brand new stainless steel appliances plus washer/dryer
Each unit has separate utility meters; parking includes 10 total spaces with covered garages and carport
Potential to convert garages into 2 ADUs and sell units separately via TIC (buyer to verify)

We can help!

Listing Contact

Daniel Lalezari

For Sale

$3,699,999

MULTI_FAMILY - Los Angeles, CA

Property size:

9,437 SF

Lot size:

0.16 Acres

Price / SF:

$392/SF

Added:: May 26, 2026
Days on Market:: 16
Last Refresh:: Jun 10 at 7:06 am

Property Features for 5436 Romaine St

General Information

Property type: Residential Multi Family
Property subtype: Other
Property condition: Under Construction
Zoning: LARD1.5
Bedrooms: 21
Bathrooms: 21
Rooms: Bedroom 11, Bedroom 8, Bedroom 4, Bedroom 9, Bathroom 13, Bathroom 6, Bedroom 21, Bathroom 8, Bathroom 18, Bathroom 16, Bathroom 9, Bathroom 11, Bedroom 20, Bathroom 17, Bathroom 10, Bathroom 1, Bathroom 5, Bathroom 21, Bedroom 18, Bathroom 7, Bedroom 2, Bathroom 14, Bedroom 16, Bedroom 17, Bedroom 5, Bedroom 15, Bedroom 14, Bedroom 10, Bathroom 3, Bathroom 20, Bedroom 6, Bathroom 15, Bathroom 19, Bedroom 1, Bedroom 19, Bedroom 7, Bathroom 2, Bedroom 12, Bathroom 4, Bathroom 12, Bedroom 3, Bedroom 13
Parking: 10
Parking features: Garage - Attached, Carport
Standard status: Active
APN: 5535-006-019
Size: 9,437 SF
Lot size: 0.16 Acres

Utilities

Heating system: Central
Cooling system: Central Air

Building Details

Year built: 2025
Floors in Building: 3
Number of units: 5
Architectural style: Modern

We can help!

Listing Contact

Daniel Lalezari

Listing agent Daniel Lalezari License #01949474

Listing office Keller Williams Hollywood Hills 9000 Sunset Blvd. Suite 1100, West Hollywood, CA

Listing date May 26, 2026

MLS# 26839065 Listing URL

HighLights

2025 modern 5‑unit building under construction; projected 9,437 SF of livable area
Fully vacant now, with option to be delivered 100% leased; projected income $26,000/month and $312,000/year
Projected 6.83% cap rate and $392 price per SF (buyer to verify)
All units feature central A/C and heating, recessed lighting, and brand new stainless steel appliances plus washer/dryer
Each unit has separate utility meters; parking includes 10 total spaces with covered garages and carport
Potential to convert garages into 2 ADUs and sell units separately via TIC (buyer to verify)

Overview

This modern, fully vacant, non-rent control 5-unit building is a new construction completed in 2025. Located in a Qualified Opportunity Zone, it offers potential tax benefits. The property can be delivered leased or vacant. The 5-plex features 9,437 square feet of livable area. There is potential to convert the garages into 2 ADUs and to sell each unit separately by TIC the building. The complex comprises 5 units: four 4-bed, 4-bath units and one 5-bed, 5-bath unit, ranging from approximately 1800 to 2100 square feet. Each unit features oak color vinyl flooring, natural light, recessed lights, stainless steel appliances, a washer and dryer, grey kitchen cabinets with white calcatta quartz countertops, designer bathroom tiles, balconies and patios, and central A/C and heating. The units consist of 10 total parking spaces, including covered garages and carport spaces. Each unit is separately metered for utilities. Some units have views of the Griffith Observatory, Hollywood sign, and Hollywood Hills. The property is located minutes from Larchmont, Los Feliz, Silverlake, Melrose, Netflix, and Paramount Studios. The lot size is 0.1607 acres.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

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Local Demand

City: Los Angeles
County: Los Angeles
State: California
Longitude: -118.310536
Latitude: 34.088134

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For sale
Apartment buildings
CA
Los Angeles
90038
5436 Romaine St

What type of property is this?

Apartment building - New 5-unit building in a Qualified Opportunity Zone.

Where is this apartment building located?

The property is located at 5436 Romaine St Los Angeles, CA.

What is the asking price?

The asking price for this property is $3,699,999.

What are key features of this property?

This property features: 2025 modern 5‑unit building under construction; projected 9,437 SF of livable area; Fully vacant now, with option to be delivered 100% leased; projected income $26,000/month and $312,000/year; Projected 6.83% cap rate and $392 price per SF (buyer to verify)

5436 Romaine St, Los Angeles, CA 90038

MULTI_FAMILY - Los Angeles, CA

Property Features for 5436 Romaine St

General Information

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Los Angeles Commercial Investment Opportunity

Los Angeles Retail Opportunity

Prime Automotive Land in Los Angeles

Los Angeles Industrial Owner-User Opportunity

Eagle Rock Commercial/Residential Opportunity

Multifamily Property in Boyle Heights

Los Angeles Multifamily Investment Opportunity

Highland Park Multifamily Value-Add Opportunity

Four-Unit Residential Income Property

Adjacent 11-Unit Residential Income Properties

Apartment Income Property with Covered Parking

Modern Multifamily Community in Los Angeles

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