4956 Romaine St, Los Angeles, CA 90029
- $2,325,000
- 16
- BD
- 16
- BA
- 11,326
- SqFt
- Sold Price
- $2,325,000
- List Price
- $2,495,000
- Closing Date
- Jul 31, 2026
- MLS#
- 25631175
- Year Built
- 1964
- Bedrooms
- 16
- Bathrooms
- 16
- Living Sq. Ft
- 11,326
- Lot Size
- 9,902
- Days on Market
- 169
- Property Type
- Multifamily
- Stories
- 2
Property Description
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.
Additional Information
- Other Buildings
- None
- Heat
- Wall Gas
- Cooling
- None
- Number of Cars in Garage
- Assigned, Gated, Covered Parking
Mortgage Calculator
Courtesy of Compass, George Morales - CA DRE#01984555 Selling Office: .
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