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$ 2,495,000
Active Under Contract
4956 Romaine St Los Angeles, CA 90029
16 Beds
16 Baths
11,326 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Rent
Square Footage 11,326 sqft
MLS Listing ID 25631227
Bedrooms 16
Year Built 1964
Lot Size 9,902 Sqft
Acres 0.2273
Property Sub-Type Multi-Family
Property Description
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
Exterior
Garage Spaces 16.0
Building
Story 2
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Listed by Compass