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.
AGENT: George Morales LISTING BROKERAGE: Compass
Courtesy of Compass. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 4956 Romaine ST
Los Angeles, CA
Property Details
Price:
$2,600,000
MLS #:
25631175
Status:
Active
Beds:
16
Baths:
16
Type:
Single Family
Neighborhood:
c20hollywood
Listed Date:
Apr 13, 2026
Finished Sq Ft:
11,326
Total Sq Ft:
11,326
Lot Size:
9,902 sqft / 0.23 acres (approx)
Year Built:
1964
See this Listing
Schools
Interior
Cooling
NO
Levels
U
Exterior
Parking Spots
16
Parking Total
16
Financial
Map
Community
- Address4956 Romaine ST Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90029
