4956 Romaine Street, Los Angeles, CA 90029
List Price: $2.6M
Listing Status: Active
Original List Price: $3.05M
0Days on Market: 117
0 Bedrooms · 0 Bathrooms
Property Type: CommercialLease
Year Built: 1964
Lot Size: 9,902 sq ft
MLS Number: 25631227
About This Property
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.
Listing provided by: George Morales DRE #01984555 310-230-5478 georgemorales@compass.com, Compass
Source: CRMLS, MLS #: 25631227
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.
Property Photos
