4956 Romaine Street, Los Angeles, CA 90029
List Price: $2.6M
Listing Status: Active
Original List Price: $3.05M
0Days on Market: 106
16 Bedrooms · 16 Bathrooms · 11,326 sq ft
Property Type: ResidentialIncome
Year Built: 1964
Lot Size: 9,902 sq ft
MLS Number: 25631175
About This Property
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.
Property Photos
