4956 Romaine Street, Los Angeles, CA 90029

Local realty services provided by:ERA North Orange County Real Estate
4956 Romaine Street,Los Angeles, CA 90029
$3,050,000
  • 16 Beds
  • 16 Baths
  • 11,326 sq. ft.
  • Multi-family
  • Active
Listed by: george morales, sam shakerchi
Office: compass
MLS#:25631175
Source:CRMLS

Price summary

  • Price:$3,050,000
  • Price per sq. ft.:$269.29

About this home

Prime Hollywood investment opportunity featuring 16 one-bedroom, one-bathroom units, each with its own assigned parking space. Offered at $3,050,000 (approximately $190,625 per unit), this well-maintained asset delivers strong in-place income with a cap rate of approximately 6.1% 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:1 day(s) ago
  • Updated:December 29, 2025 at 08:27 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

Finances and disclosures

  • Price:$3,050,000
  • Price per sq. ft.:$269.29
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