4956 Romaine Street, Los Angeles, CA 90029 - Berkshire Hathaway HomeServices California Properties

Photo of Michael Tunick

Michael Tunick REALTOR® - Sales Associate 323-646-3893 m
818-386-9007 f
Lic#: 01321406
NRDS ID: 175512407
mtunick@bhhscal.com Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007

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Agent Remarks

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 Details

Property type: (Multi-Family)

Status: Active

MLS# 25631175

List price is $2,495,000 Reduced by $105,000 on 5/27/2026

Beds: 16

Baths: 16

Built in 1964

11,326 sqft

2 stories

0.23 acres

Lot size: 0.2273