4956 Romaine St Los Angeles, CA 90029 New

UPDATED: 01/05/2026 07:06 AM ON MARKET: 8 days on market

$3,050,000

16 Beds16 Baths11,326 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,326 sqft

Price per Sqft $269

MLS Listing ID 25631175

Bedrooms 16

Year Built 1964

Lot Size 9,902 Sqft

Acres 0.2273

Property Sub-Type Multi-Family

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.