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Back 4956 Romaine Street
Off Market

4956 Romaine Street

Los Angeles CA 90029

16
16
16
11326 sq. ft.
9902 sq. ft.
Other
Last sold for $2,325,000
George MoralesGeorge Morales, last sold this property on 31 July 2026 after 214 days on market.

Overview

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.

Features

16 bedrooms
16 bathrooms
16 carspaces
11326 sq. ft. floor area
9902 sq. ft. lot size
Other

Estimated Value

We need at least 3 similar 16 bedroom other properties sold in Los Angeles over the last 12 months.

Property history for 4956 Romaine Street

2026
Sold
$2,325,000
31 Jul 2026 by George Morales, of Compass

Happy sellers in Los Angeles

~%

We have insufficient information to provide an overview of customer satisfaction for Los Angeles. Viewing the agent profiles, reviews and sales for Los Angeles can provide insights for this location.

Local market activity for 16 bedroom other properties in Los Angeles

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