4956 Romaine Street Los Angeles, CA ^$ 3,050,000

4956 Romaine Street

^$ 3,050,000

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4956 Romaine Street

Los Angeles, CA, 90029

^$ 3,050,000

Studio Baths0.0 Sq 11,326

Monthly Estimate*

^$ 18,779

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $3,050,000. This 11,326 square foot home was built in 1964 on a lot size of 0.23.

Prime Hollywood investment opportunity featuring 16 one-bedroom, one-bathroom units, each with its own assigned parking space. Offered at $3,050,000 (approximately $190,625 per unit), this well-maintained asset delivers strong in-place income with a cap rate of approximately 6.1% 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.

Multi-Family Active

Price

^$ 3,050,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.23

Year Built

1964

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0025631175

Features

General

Living Area 11326.0

Zoning LARD1.5

Year Built 1964

Levels Two

County Los Angeles

Net Operating Income 0.0

New Construction No

Property Type C

HOA No

Status Active

City Los Angeles

Senior Community Y/N No

MLS Area C20 - Hollywood

Lot Size Units Square Feet

Lot Size Square Feet 9902.0

Standard Status Active

Exterior

Parking Features Assigned Covered

Lot Size Area 9902.0

Foundation Details None

Pool Y/N? Yes

Building Area Total 11326.0

Lot Size Acres 0.23

Land Lease Type Fee

Interior

Total Stories 2

Air Conditioning Y/N No

Total Baths 0

* Excluded Features

List By

George Morales

Listing Agent

Compass

Broker

Affordability Calculator

$18,779

Per Month

Monthly Principal & Interest: $18,779
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,865,871

Percent of Sale Price 39%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/29/2025	$3,050,000		Listed Price

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4956 Romaine Street, Los Angeles, CA, 90029 is a Multi-Family Home for sale at $3,050,000 with 11,326 sqft and a lot size of 0.23. 4956 Romaine Street is a studio with 0.0 baths and was built in 1964. The property's zip code is 90029 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 12/29/2025. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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4956 Romaine Street

Multi-Family Home for sale in Los Angeles, CA

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