4956 Romaine, Los Angeles, CA, 90029

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.

4956 Romaine is a Residential Income property located in Los Angeles, California, featuring a 0.227 acre lot, 11,326 sqft, 16 bedrooms, MLS #25631175.