4956 Romaine St

Los Angeles, CA 90029

$3,050,000
Price
16
Beds
16
Baths
11,326 Sq. Ft.
$269 / Sq. Ft.
11,326
Sq. Ft.
$269
per Sq. Ft.
Listed By Compass
Listed By Compass
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Description

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...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.

Listing Agents

  1. George Morales

    George Morales

    Listing Agent

    Compass

    DRE #01984555

    CallTextEmail
  2. Sam Shakerchi

    Sam Shakerchi

    Alternative Listing Agent

    Compass

    DRE #01868195

    sam.shakerchi@compass.com

    P: (310)-525-0872

    CallTextEmail

Property Details for 4956 Romaine Street

Zoning
LARD1.5
Parcel Number
5538004001
Total Units
16.0
Living Area
11326
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
6.5
Lot Size Area
9902
LISTING UPDATED: 01/05/2026 12:06 AM

Property Details for 4956 Romaine Street

StatusActive
MLS #25631175
Days on Market26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.23 AC / 9,902 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, George Morales, DRE #01984555; Compass, Sam Shakerchi, DRE #01868195
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Building Information for 4956 Romaine Street

Stories2Residences-Year Built1964Building Size-Lot Size0.23 AC / 9,902 SF

Payment Calculator

$15,913 per month

30 year fixed, 6.15% Interest

Principal and Interest

$14,865

Property Taxes

$1,048

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4956 Romaine Street

Community / Development
Community / Development
  • Number Of Units: 16
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 16
  • Type Of Units: 16
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Actual Annual Gross Rent: $221,735.00
  • Owner Pays: Water, Other
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2273
  • Lot Size Square Feet: 9902
Parking Details
Parking Details
  • Parking Garage: Assigned, Gated, Covered Parking
  • Total Parking: 16
  • Parking Features: Assigned, Gated, Covered
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Gas
  • Heating Type: Wall Gas
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-28-2025
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 16
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $628,665.00
  • Assessed Improvement Percent: 70.0
  • Assessed Land Value: $269,413.00
  • Assessed Land Percent: 30
  • Assessed Total Value: $898,078.00

Property History for 4956 Romaine Street

DateEvent & SourcePriceAppreciation
Dec 28, 2025

Listed (Active)

CRMLS #25631175

$3,050,000—
Dec 28, 2025

Listed (Active)

CLAW #25631175

$3,050,000—
DateEvent & SourcePrice
12/28/2025

Listed (Active)

CRMLS #25631175

$3,050,000
12/28/2025

Listed (Active)

CLAW #25631175

$3,050,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4956 Romaine Street

Taxable ValueLand$269,413Additions$628,665Total$898,078
Tax Record2025$12,579 ($1,048 / month)
Home Facts
Total Finished SqFt11,326 SqFtAbove Grade Finished SqFt11,326 SqFtLot Size9,900 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLARD1.5CountyLOS ANGELESAPN5538-004-001

Schools near 4956 Romaine Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Ramona Elementary School
Public - K to 5
Joseph Le Conte Middle School
Public - 6 to 8
Helen Bernstein High School
Public - 9 to 12
STEM Academy at Bernstein High
Public - 9 to 12
Rating
School
Distance
Ramona Elementary School
PublicK to 5

Joseph Le Conte Middle School
Public6 to 8

Helen Bernstein High School
Public9 to 12

STEM Academy at Bernstein High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 4956 Romaine Street, Los Angeles, CA 90029

4956 Romaine Street is a multi-family home for sale in Los Angeles, CA 90029. This property was listed for sale on December 28, 2025 by Compass, it's currently listed at $3,050,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Ramona Elementary School, Joseph Le Conte Middle School and Helen Bernstein High School. 4956 Romaine Street is a 16-bed, 16-bath, 11,326 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, George Morales, DRE #01984555; Compass, Sam Shakerchi, DRE #01868195

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.