$2,600,000

4956 Romaine Street, Los Angeles, CA 90029

11,326 sqft

Commercial Property
Built in 1964
9,901sqft lot
—— car garage
$230/sqft
Listed 4 months ago

Property Description

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 Status:: Active
Date Added:: December 28, 2025
Data Last Updated:: May 20, 2026 at 1:16PM
Listing Office:: Compass : 310-230-5478
Listing Agent:: George Morales : 323-578-8423
MLS ID:: 25631227

Parking: Parking spaces: 16

General: 2

HOA Amenities: 0.0
Originating MLS: CRMLS_CL
County: Los Angeles

Zoning: LARD1.55538004001

Source: CRMLS_CL

This listing courtesy of George Morales , Compass

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Principal & Interest $
Property Taxes $
Home Insurance $
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