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.
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
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Apr 15, 2026
8,375
Single Family Listed
86
Avg DOM
507
Avg $ / SqFt
$1,511,273
Avg List Price
Property Summary
- 4956 Romaine ST Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90029. It is listed for $2,600,000 and features 16 beds, 16 baths, and has approximately 11,326 square feet of living space, and was originally constructed in 1964. The current price per square foot is $230. The average price per square foot for Single Family listings in Los Angeles is $507. The average listing price for Single Family in Los Angeles is $1,511,273.
Similar Listings Nearby
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 include the name of the listing broker. Neither the listing company nor 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