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

Los Angeles, CA, 90029
$ 3,050,000
Bedrooms-- Baths-- Sq 11,326
Listed by Compass
4956 Romaine Street, Los Angeles, CA 90029 - Image 1
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Property for Rent in Los Angeles, CA

for $3,050,000. This 11,326 square foot property was built in 1964 on a lot size of 0.2273.

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.

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Rental Active

Price

$ 3,050,000

Taxes

$ 0

Style

Lot Size

0.2273

Year Built

1964

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

25631227

Days on Market

4
Features
General
Zoning LARD1.5
HOA Fee 0
Security Features Gated Community
Year Built 1964
Community Features Gated
County Los Angeles
Property Type Commercial Lease
Status Active
Directions Between Normandie Ave and Mariposa Ave. Close to the 101 FWY.
City Los Angeles
Disclosures Rent Control
MLS Area C20 - Hollywood
Lot Size Units Square Feet
Lot Size Square Feet 9902
Rent Control Y/N true
Standard Status Active
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Interior
Total Stories 2
Total Baths 0
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Exterior
Total Parking 16
Lot Size Area 9902
Number of Buildings 1
Building Area Total 11326
Lot Size Acres 0.2273
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* Excluded Features
List By
Compass

Broker

georgemorales@compass.com

Email

Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/29/2025$3,050,000 Listed Price

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4956 Romaine Street, Los Angeles, CA, 90029 is a Property for Rent at $3,050,000 with 11,326 sqft and a lot size of 0.2273. 4956 Romaine Street was built in 1964. The property's zip code is 90029 which is in Los Angeles, CA

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