4956 Romaine St - Apartments FOR SALE


Los Angeles, CA 90029- East Hollywood
$2,600,000 USD
323-578-8423
4956 Romaine St, Los Angeles, CA for Sale
$2,600,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

4956 Romaine St
Los Angeles, CA 90029
East Hollywood


HIGHLIGHTS

  • 16-Unit Multifamily Asset – 100% 1 Bed / 1 Bath Unit Mix
  • Value-Add Opportunity – Ideal for Long-Term Hold Strategy
  • $190,625 Price Per Unit – Attractive Basis for the Area
  • One Vacant Unit – Immediate Lease-Up & Income Growth
  • Assigned On-Site Parking – Tenant Convenience

OVERVIEW

Prime Hollywood investment opportunity featuring 16 one-bedroom, one-bathroom units, each with its own assigned parking space. JUST REDUCED to $2,600,000 (approximately $162,500 per unit), this well-maintained asset delivers strong in-place income with great upside potential. 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.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$169 USD /SF

# OF UNITS

16

PRICE/UNIT

$162,500

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,743 SF

ZONING

LARD1.5

APN/PARCEL ID

5538-004-001

ASK ABOUT THIS PROPERTY

George MoralesCompassMore Info
323-578-8423

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George MoralesCompassMore Info
323-578-8423

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.