4956 Romaine Street, Los Angeles, CA 90029

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
4956 Romaine Street,Los Angeles, CA 90029
$2,495,000
  • 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:$2,495,000
  • Price per sq. ft.:$220.29

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:182 day(s) ago
  • Updated:June 29, 2026 at 01:44 PM

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:$2,495,000
  • Price per sq. ft.:$220.29

Parking

  • Total parking spaces:16
  • Parking description:Assigned, Covered, Gated
Based on information from California Regional Multiple Listing Service, Inc. as of June 29, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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