4956 Romaine Street, Los Angeles, CA 90029

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
4956 Romaine Street,Los Angeles, CA 90029
$2,600,000
  • 16 Beds
  • 16 Baths
  • 11,326 sq. ft.
  • Multi-family
  • Active
Listed by: george morales, sam shakerchi
Office: compass310-230-5478
MLS#:25631175
Source:CRMLS

Price summary

  • Price:$2,600,000
  • Price per sq. ft.:$229.56

About this home

BACK ON MARKET - Buyer didn't perform. Prime Hollywood investment opportunity featuring 16 one-bedroom, one-bathroom units, each with its own assigned parking space. Offered at $2,600,000 (approximately $162,500 per unit), this well-maintained asset delivers strong in-place income with a cap rate of approximately 6.25% and immediate upside. One vacant unit allows a new owner to lease at market and increase cash flow from day one, with additional upside through rent growth and operational improvements. The excellent unit mix, favorable parking ratio, and sought-after Hollywood location make this a compelling opportunity for both value-add and long-term investors.

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Home facts

  • Year built:1964
  • Listing ID #:25631175
  • Added:135 day(s) ago
  • Updated:May 13, 2026 at 10:45 AM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:16
  • Living area:11,326 sq. ft.

Structure and exterior

  • Year built:1964
  • Building area:11,326 sq. ft.
  • Lot area:0.23 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$2,600,000
  • Price per sq. ft.:$229.56

Parking

  • Total parking spaces:16
  • Parking description:Assigned, Covered, Gated
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