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4956 Romaine Street, Los Angeles, CA 90029
4956 Romaine Street
Overview
Property ID: HZ25631175
- 16
- 16
- 11326
- 1964
Description
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.
Address
Open on Google Maps- Address Romaine
- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90029
Details
Updated on January 5, 2026 at 11:06 am- Property ID: HZ25631175
- Price: $3,050,000
- Property Size: 11326 Sq Ft
- Bedrooms: 16
- Bathrooms: 16
- Year Built: 1964
- Property Status: ResidentialIncome
- Listed by: George Morales
- DRE #: 01984555
- Contact Phone: 3235788423|
- Contact Mail: georgemorales@compass.com
- Brokered by: Compass
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