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

Bedrooms16 Baths16.0 Sq 11,326

Monthly Estimate*

^$ 19,028

Listed by Compass

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Multi-Family Home for sale in Los Angeles, CA

for $3,050,000 with 16 bedrooms and 16 full baths. This 11,326 square foot home 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.

Multi-Family Active

Price

^$ 3,050,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.2273

Year Built

1964

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

25631175

Days on Market

Features

General

Living Area 11326

Cooling None

Zoning LARD1.5

Year Built 1964

Stories Count 2

Levels Two

Gross Income 0

County Los Angeles

Net Operating Income 0

New Construction false

Property Type Residential Income

HOA false

Full Baths 0

Special Listing Conditions Standard

Status Active

Directions Between Normandie Ave and Mariposa Ave. Close to the 101 FWY.

City Los Angeles

Disclosures Rent Control

Senior Community Y/N false

Number Of Units Total 16

MLS Area C20 - Hollywood

Lot Size Units Square Feet

Lot Size Square Feet 9902

Rent Control Y/N true

Standard Status Active

Interior

Total Stories 2

Air Conditioning Y/N false

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Total Bedrooms 16

Total Baths 16

Exterior

Parking Features Assigned Covered Gated

Total Parking 16

Lot Size Area 9902

Number of Buildings 16

Building Area Total 11326

Lot Size Acres 0.2273

* Excluded Features

List By

Compass

Broker

georgemorales@compass.com

Affordability Calculator

$19,028

Per Month

Monthly Principal & Interest: $19,028
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% 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 ^$1,940,350

Percent of Sale Price 36%

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.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

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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 0.2273. 4956 Romaine Street has 16 bedrooms, 16.0 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 6.375% 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 Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/29/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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4956 Romaine Street

Multi-Family Home for sale in Los Angeles, CA

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