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.
Under contract
Price cut: $105K (5/27)
$2,495,000
4956 Romaine St, Los Angeles, CA 90029
16beds
16baths
11,326sqft
:
Get pre-qualified$16,571/mo
Multi Family
Built in 1964
-- sqft lot
$-- Zestimate®
$220/sqft
$-- HOA
What's special
Favorable parking ratio
- 222 days |
- 18 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
George Morales DRE # 01984555 323-578-8423,
Compass 310-230-5478,
Sam Shakerchi DRE # 01868195 310-525-0872,
Compass
Source: CLAW,MLS#: 25631175
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 16
Heating
- Wall Gas
Cooling
- None
Interior area
- Total structure area: 11,326
- Total interior livable area: 11,326 sqft
Property
Parking
- Total spaces: 16
- Parking features: Assigned, Gated, Covered
Features
- Levels: Two
- Stories: 2
Lot
- Size: 9,901 Square Feet
Details
- Additional structures: None
- Parcel number: 5538004001
- Zoning: LARD1.5
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1964
Community & HOA
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $220/sqft
- Tax assessed value: $898,078
- Date on market: 12/29/2025
Estimated market value
Not available
Estimated sales range
Not available
$2,839/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/17/2026 | Contingent | $2,495,000$220/sqft |
Source:  CLAW #25631175 Report a problem | ||
| 5/27/2026 | Price change | $2,495,000-4%$220/sqft |
Source: CLAW #25631175 Report a problem | ||
| 4/14/2026 | Listed for sale | $2,600,000$230/sqft |
Source: CLAW #25631175 Report a problem | ||
| 3/4/2026 | Contingent | $2,600,000$230/sqft |
Source: CLAW #25631175 Report a problem | ||
| 3/2/2026 | Listed for sale | $2,600,000$230/sqft |
Source: CLAW #25631175 Report a problem | ||
| 2/26/2026 | Contingent | $2,600,000$230/sqft |
Source: CLAW #25631175 Report a problem | ||
| 2/10/2026 | Price change | $2,600,000-14.8%$230/sqft |
Source: CLAW #25631175 Report a problem | ||
| 12/29/2025 | Listed for sale | $3,050,000$269/sqft |
Source: CLAW #25631175 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Hollywood
Nearby schools
GreatSchools rating
- 7/10Ramona Elementary SchoolGrades: K-5Distance: 0.2 mi
- 3/10Joseph Le Conte Middle SchoolGrades: 6-8Distance: 1.1 mi
- 3/10Helen Bernstein High SchoolGrades: 9-12Distance: 1 mi
- $470,7001 bd1 ba-- sqft4956 Romaine St #107, Los Angeles, CA 90029Off Market
- $--1 bd1 ba650 sqft969 N Mariposa Ave #2, Los Angeles, CA 90029Off Market
- $--2 bd1 ba850 sqft969 N Mariposa Ave APT 12, Los Angeles, CA 90029Off Market
- $1,068,9002 bd1 ba900 sqft969 N Mariposa Ave APT 7, Los Angeles, CA 90029Off Market
- $--1 bd1 ba650 sqft969 N Mariposa Ave APT 4, Los Angeles, CA 90029Off Market
- $--2 bd2 ba950 sqft969 N Mariposa Ave APT 11, Los Angeles, CA 90029Off Market
- $--1 bd1 ba650 sqft969 N Mariposa Ave APT 3, Los Angeles, CA 90029Off Market
- $1,450,0003 bd2 ba2k sqft963 N Mariposa Ave, Los Angeles, CA 90029Sold
A local agent can set up tours, give advice and negotiate with sellers.
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