Properties
Los Angeles, CA 90029 4956 Romaine Street
$2,600,000
20 more
Presented By: George Morales with Compass;
Beds • 16
Baths • 16
SQFT • 11,326
Home Details
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.
Presented By: George Morales with Compass;
Interior Features for 4956 Romaine Street
Bedrooms
Total Bedrooms16
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths16
Other Interior Features
Air Conditioning Y/NNo
Total Stories2
General for 4956 Romaine Street
Cap Rate6.54
CityLos Angeles
CoolingNone
CountyLos Angeles
DirectionsBetween Normandie Ave and Mariposa Ave. Close to the 101 FWY.
DisclosuresRent Control
Full Baths
Gross Income
HOANo
LevelsTwo
Living Area11326
Lot Size Square Feet9902
Lot Size UnitsSquare Feet
MLS AreaC20 - Hollywood
Net Operating Income162493
New ConstructionNo
Number Of Units Total16
PostalCityLOS ANGELES
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive Under Contract
StatusActive Under Contract
Stories Count2
Year Built1964
ZoningLARD1.5
Exterior for 4956 Romaine Street
Building Area Total11326
Lot Size Acres0.2273
Lot Size Area9902
Number of Buildings16
Parking FeaturesAssigned, Covered, Gated
Total Parking16
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
