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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$ 2,495,000
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Price Dropped by $105K

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

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)
Listed by Compass

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Eric Upshur

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4956 Romaine St