4956 Romaine Street, Los Angeles, CA 90029

  • $2,600,000
  • $3,050,000
4956 Romaine Street, Los Angeles, CA 90029
Active
4956 Romaine Street, Los Angeles, CA 90029
4956 Romaine Street, Los Angeles, CA 90029
  • $2,600,000
  • $3,050,000

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 6.1% 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.

  • Address 4956 Romaine Street
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90029
  • Country US

Details

Updated on February 11, 2026 at 6:37 am
  • Property ID: 25631175
  • Price: $2,600,000
  • Property Size: 11326 Sqft
  • Land Area: 0.2273 Acres
  • Bedrooms: 16
  • Bathrooms: 16
  • Garage Size: x x
  • Year Built: 1964
  • Property Type: Residential Income
  • Property Status: Active

Additional details

  • Cooling: None
  • County: Los Angeles
  • Property Type: Residential Income
  • Parking: Assigned, Covered, Gated

Contact Information

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Hoyt Hochman

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  • Hoyt Hochman