4956 Romaine St 16BR La


Property

Website:https://www.nestseekers.com/5193630
Address:
4956 Romaine St
LOS ANGELES, CA 90029
Ownership: For Sale
Bedrooms: 16 BR
Bathrooms: 16
Area: 9902 sq ft
Lot Size: 0.2 Acres

Financials

Price:$2,600,000

Description

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.

Contact

271 North Canon Drive Beverly Hills, CA 90210
Listing Courtesy of Compass

4956   Romaine St LOS ANGELES CA 90029 USA