$3,050,000

4956 Romaine Street, Los Angeles, CA 90029

11,326 sqft

Commercial Property
Built in 1964
9,901sqft lot
—— car garage
$269/sqft
Listed 1 month ago

Property 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.

Listing Status:: Active
Date Added:: December 28, 2025
Data Last Updated:: February 8, 2026 at 7:16AM
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

Presented by Veterans United Realty

This listing courtesy of George Morales , Compass

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
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Location

Schools Nearby

Ramona Elementary

1133 N Mariposa Ave, Los Angeles, CA, 90029

Grades KG-6

0.22 miles away

Richard A. Alonzo Community Day

5755 Fountain Ave, Los Angeles, CA, 90028

Grades 7-12

1.01 miles away

Helen Bernstein High School

1309 N Wilton Pl, Los Angeles, CA, 90028

Grades 9-12

0.98 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.