4956 Romaine St
LOS ANGELES, CA 90029

Property

Ownership: For Sale
Bedrooms: 16 BR
Bathrooms: 16
Area: 9902 sq ft
Lot Size: 0.23 Acres

Financials

Price:$3,050,000
271 North Canon Drive Beverly Hills, CA 90210
Listing Courtesy of Compass

4956 Romaine St 16BR La

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.

CLAW

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.