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$ 2,495,000
Active Under Contract
4956 Romaine ST Los Angeles, CA 90029
9,901 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Rent
MLS Listing ID 25631227
HOA Y/N No
Year Built 1964
Lot Size 9,901 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LARD1.5
Interior
Fireplace No
Exterior
Community Features Gated
Total Parking Spaces 16
Building
Story 2
Others
Tax ID 5538004001
Security Features Gated Community
Listed by George Morales Compass #01984555