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5436 Romaine 5436 Romaine St 5 Unit Apartment Building $3,849,999 ($770,000/Unit) 6.67% Cap Rate Los Angeles, CA 90038
INVESTMENT HIGHLIGHTS
- Located in an Qualified Opportunity Zone, which offers significant tax benefits(buyers to consult and verify with their CPA)
- Brand New Construction 2025, Non Rent Control-Massive units with big bedrooms and open floor plan with tons of natural light
- Projected 6.67% Cap rate with a price per sq foot of $407, significally lower than comps and replacement cost
- Close to Larchmont, Los Feliz, Silverlake, Netflix and Paramount Studios, very central location for Renters
EXECUTIVE SUMMARY
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!
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,849,999 | Property Subtype | Apartment |
| Price Per Unit | $770,000 | Apartment Style | Townhome |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.67% | Building Size | 9,437 SF |
| Gross Rent Multiplier | 12.1 | No. Stories | 3 |
| No. Units | 5 | Year Built | 2025 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Zoning | LARD1.5 - LARD1.5 | ||
| Price | $3,849,999 |
| Price Per Unit | $770,000 |
| Sale Type | Investment |
| Cap Rate | 6.67% |
| Gross Rent Multiplier | 12.1 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Lot Size | 0.16 AC |
| Building Size | 9,437 SF |
| No. Stories | 3 |
| Year Built | 2025 |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 - LARD1.5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Crown Molding
- Double Vanities
- Kitchen
- Ice Maker
- Oven
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Dining Room
- Double Pane Windows
- Family Room
- Framed Mirrors
- Freezer
- Patio
- Vinyl Flooring
- Large Bedrooms
- Quartz Countertops
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 5+5 | 1 | $6,000 | 2,088 |
| 4+4 | 4 | $5,523 | 1,754 - 1,932 |
1 1
Walk Score®
Walker's Paradise (92)
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5436 Romaine | 5436 Romaine St
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