4956 Romaine St, Los Angeles, CA 90029
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4956 Romaine St, Los Angeles, CA 90029
4956 Romaine St, Los Angeles, CA 90029
4956 Romaine St, Los Angeles, CA 90029
4956 Romaine St, Los Angeles, CA 90029
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George Salazar

George Salazar

+1(310) 400-6756
$ 2,495,000
Est. payment /mo
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Active Under Contract

4956 Romaine St Los Angeles, CA 90029

16 Beds

16 Baths

11,326 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 11,326 sqft

Price per Sqft $220

MLS Listing ID 25631175

Bedrooms 16

Year Built 1964

Lot Size 9,902 Sqft

Acres 0.2273

Property Sub-Type Multi-Family

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.

Location

State CA

County Los Angeles

Area Hollywood

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall Gas

Cooling None

Equipment None

Exterior

Parking Features Assigned, Gated, Covered Parking

Garage Spaces 16.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

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.

Listed by Compass
George Salazar

George Salazar

Agent | License ID: 00884017

+1(310) 400-6756

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4956 Romaine St