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4956 Romaine Street, Los Angeles, CA 90029

Property

4956 Romaine Street, Los Angeles, CA 90029 Sold July 2026 CRMLS
$2,325,000Sold July 2026

Listing Agent: George Morales (DRE #01984555) · Listing Office: Compass · Contact: 310-230-5478 · Bought with: Mike Iryami · BRC Advisors- BH · MLS #25631175 · Source: CRMLS

16
Bedrooms
16
Bathrooms
11,326
Sq Ft
9,902 sqft
Lot Size
1964
Year Built
Property
Type
2
Stories
None
Cooling

How this sale compares

4956 Romaine Street sold for $2,325,000 in July 2026, 6.8% under its $2,495,000 list price, after 175 days on the market. It was first listed at $3,050,000. That works out to $205 per square foot on 11,326 square feet. Across 45 closed sales in 90029 over the last 12 months, the median sold price is $1,161,120 and the median is $679 per square foot, 231% above this sale's $205.

$205
This sale, per sq ft
$679
90029 median per sq ft (12 mo)
$1,161,120
90029 median sold price (12 mo)
45
Closed sales in 90029 (12 mo)
175
Days on market
−6.8%
Sold vs. list price
QuarterClosed sales in 90029Median sold price
Q1 20262$1,250,000
Q2 202622$1,205,000
Q3 202618$1,178,060
Q4 20263$850,000

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Los Angeles · Homes for sale in 90029

Description

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.

Listing description from the July 2026 sale, as reported to CRMLS.

Sale history

$2,325,000
Sold July 2026 · listed $2,495,000, orig. $3,050,000, on market December 2025, 175 days on market · MLS #25631175 · Source: CRMLS
Listing Agent: George Morales · Listing Office: Compass · Contact: 310-230-5478 · Bought with: Mike Iryami · BRC Advisors- BH

Recent sales near 4956 Romaine Street

Closed sales reported in 90029, nearest first, last 12 months. All recent sales in Los Angeles →

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Sale history for this address is based on MLS-reported closed transactions provided through CRMLS. Information is deemed reliable but not guaranteed and should be independently verified. Nalren does not provide price estimates or valuations.

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