Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5436 Romaine St Los Angeles, CA 90038

    Sponsored
    For Sale
    $3,849,999

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    9,437 SF
    Lot size:
    0.16 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 27 at 10:06 pm

    Property Features for 5436 Romaine St

    General Information

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

    We can help!

    Listing Contact
    Daniel Lalezari

    Keller Williams Realty Hollywood Hills (310) 623-1300

    Listing agent Daniel Lalezari (310) 623-1300 License #01949474

    Listing date Feb 26, 2026

    MLS# 26657117 Listing URL

    Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Modern Hollywood Multifamily Investment Opportunity

    This is a modern, newly constructed (2025) 5-unit building located in a Qualified Opportunity Zone. The property features 9,437 square feet of livable area. The complex comprises five units: four units with four bedrooms and four bathrooms, and one unit with five bedrooms and five bathrooms, ranging from approximately 1800 to 2100 square feet. All units have oak color vinyl flooring, natural light, recessed lights, stainless steel appliances, washer, dryer, grey kitchen cabinets with white calcatta quartz countertops, designer bathroom tiles, balconies and patios, and central A/C and heating. The property includes 10 parking spaces, consisting of covered garages and carport spaces. Each unit is separately metered for utilities. The location is near Larchmont, Los Feliz, Silverlake, Melrose, Netflix, and Paramount Studios. Some units offer views of the Griffith Observatory, Hollywood Sign, and Hollywood Hills. The building is fully vacant and offers the option to be delivered fully vacant or leased. The property is zoned LARD1.5.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.310536
    Latitude
    34.088134

    Nearby Similar for Sale

    • $998,800
      1,500 SF

      Canoga Park Retail Storefront Opportunity

      1,500 SF retail storefront ideal for owner-user or investor.
      21627 Sherman Way, Canoga Park, CA 91303
      View Details
    • $1,995,000
      4,900 SF

      Turnkey Banquet & Event Facility

      Banquet and event facility with exceptional capacity and infrastructure.
      18407 Sherman Way, Reseda, CA 91335
      View Details
    • $800,000
      2,375 SF

      Los Angeles Commercial Flex Space

      Flex space featuring offices and warehouse in Los Angeles.
      3724 W Slauson Ave, Los Angeles, CA 90043
      View Details
    • $1,750,000
      1,560 SF

      Waterfront Restaurant with Dock Access

      Profitable restaurant on bayfront property with dock access for sale.
      1901 Buhne Dr, South, CA 95503
      View Details
    • $1,250,000
      1,617 SF

      Eagle Rock Commercial/Residential Opportunity

      Commercially zoned property ideal for live/work in Eagle Rock.
      1063 Colorado Blvd, Los Angeles, CA 90041
      View Details
    • $849,000
      1,620 SF

      Established Market in High-Traffic Area

      Operating market with permits, equipment, and additional rental income.
      10201 S Vermont, Los Angeles, CA 90044
      View Details
    • $360,000
      Pending

      Los Angeles Commercial Auto Repair Warehouse

      1,323 sq ft Los Angeles warehouse suitable for various businesses.
      10605 Compton Ave, Los Angeles, CA 90002
      View Details
    • $195,000
      Pending

      Turnkey Restaurant Opportunity in Tarzana

      Established Greek restaurant for sale in prime Tarzana location.
      18663 Ventura Blvd, Tarzana, CA 91356
      View Details
    • $350,000

      Established Subway Franchise Opportunity

      Turnkey Subway franchise in a high-traffic North Hollywood location.
      8027 Lankershim Blvd, Sun Valley, CA 91352
      View Details
    • New
      $995,000
      2,064 SF

      Two Homes on One Lot

      Two tenant-occupied homes in vibrant Frog Town neighborhood.
      2660 Newell St, Los Angeles, CA 90039
      View Details
    • $1,050,000
      1,176 SF

      Freestanding Commercial Property on Avalon Blvd

      Commercial property on Avalon Blvd with redevelopment potential.
      4614 Avalon St, Los Angeles, CA 90011
      View Details
    • $1,999,000
      4,225 SF

      Versatile Commercial Building on Motor Avenue

      M1-zoned property with retail and warehouse space in Los Angeles.
      3268 Motor Ave, Los Angeles, CA 90034
      View Details

    FAQs

    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 $3,849,999.
    What are key features of this property?
    This property features: - Brand new 2025 construction 5-unit building in a Qualified Opportunity Zone offering potential tax benefits.; - High projected cap rate of 6.51% in Hollywood with potential for increased income by converting garages to ADUs.; - **Large units (approx. 1800-2100 sq ft) with modern finishes: stainless steel appliances, quartz countertops, and in-unit washer/dryers.**
    (310) 623-1300
    Request Owner's contact information
    5436 Romaine St Los Angeles, CA 90038
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5436 Romaine St
    Los Angeles, CA 90038
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5436 Romaine St Los Angeles, CA 90038
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Daniel Lalezari
    Real Estate License ID: 01949474
    (310) 623-1300 (310) 650-4220
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!