Multi-Family for sale in Southern California — $2,495,000. 16 beds · 16 baths · 11,326 sqft. 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 u…
$2,495,000
4956 Romaine Street, Los Angeles, CA 90029
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.
Listing updated: June 17, 2026 at 2:50 PM
Listed by: George Morales, Compass
Source: CRMLS, MLS#: 25631175, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
5/27/2026 Source: CRMLS, #25631175 | Price change | $2,495,000$220/sqft-4.0% |
| 12/28/2025Source: CRMLS, #25631175 | Listed for sale | $2,600,000$230/sqft |
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