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$ 2,495,000
Est. payment /mo
Active
4956 Romaine Street Los Angeles, CA 90029
11,326 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,326 sqft
Price per Sqft $220
MLS Listing ID CL25631175
HOA Y/N No
Year Built 1964
Lot Size 9,902 Sqft
Acres 0.2273
Property Sub-Type Other
Property 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.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 5538004001
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Listed by George Morales • Compass