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About This Home
This 16-bedroom, 16-bathroom residential multi family at 4956 Romaine St in Los Angeles, CA is listed for $2,600,000 ($230 per sqft). Built in 1964, the home offers 11,326 sqft of living space on a 0.23 acres lot.
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.
Key Features
- Built in 1964
- 0.23 acre lot
- 2 stories
- 16 parking spaces
Property Details
Monthly Cost Estimate
$13,905/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
4956 Romaine St
Los Angeles, CA 90029
Property Details
Parking
Heating
Questions & Answers
This 16-bedroom, 16-bathroom residential multi family at 4956 Romaine St is listed at $2,600,000 ($230/sqft). The estimated monthly payment is $11,267 based on 20% down at 6.5% interest.
Key features include: Built in 1964, 0.23 acre lot, 2 stories, 16 parking spaces.
This property is listed by George Morales and can be reached at 3235788423 or georgemorales@compass.com.
