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16-Bedroom ResidentialIncome — 4956 Romaine Street, Los Angeles, CA

$2,495,000

4956 Romaine Street, Los Angeles, CA

$2,495,000 — 4956 Romaine Street, Los Angeles, CA — photo 1 $2,495,000 — 4956 Romaine Street, Los Angeles, CA — photo 2 $2,495,000 — 4956 Romaine Street, Los Angeles, CA — photo 3 $2,495,000 — 4956 Romaine Street, Los Angeles, CA — photo 4 $2,495,000 — 4956 Romaine Street, Los Angeles, CA — photo 5
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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 details

Bedrooms
16
Bathrooms
16
Square feet
11,326
Year built
1964
Property type
ResidentialIncome

Location

4956 Romaine Street • Los Angeles, CA 90029

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Listed by

George Morales · Compass

Listing courtesy of Compass. Information deemed reliable but not guaranteed.

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