4956 Romaine St 16BR La
| 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.
271 North Canon Drive Beverly Hills, CA 90210 Phone: +1 310-280-8983 Fax: +1 310-362-0351 | |
| Listing Courtesy of Compass | |