Date
Details
Price
Change
Source
12/28/2025
Listed
$3,050,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/25
$3,050,000
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1/25
Property 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 parking ratio, and sought-after Hollywood location make this a compelling opportunity for both value-add and long-term investors.
Full Property Details
Full Property Details for 4956 Romaine St
General
- Price: $3,050,000
- Status: Active
- Type: Multi-Family
- Source: CLAW
- MLS ID: 25631175
- Updated: 12/29/2025
- Added to Site: 20 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 16
Bedrooms
- Total Bedrooms: 16
Additional Information
- Other Features: None
Parking
- Garage Description: Assigned, Gated, Covered Parking
Location
- Area: Hollywood
- County: Los Angeles
- Driving Directions: Between Normandie Ave and Mariposa Ave. Close to the 101 FWY.
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Gas
Structural Information
- # Buildings: 16
- Stories/Levels: 2
- Square Feet: 11,326
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1964
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 16
- Unit Type: 2106
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.2273
- Lot Size: 9902
- Lot Size Source: Vendor Enhanced
- Zoning: LARD1.5
Financial Considerations
- Price Per Sq. Ft.: $269.29
- Assessment Year: 1964
- Owner Pays: Water, Other
Disclosures and Reports
- Disclosures/Reports: As Is, Rent Control
- APN: 5538-004-001
Listed by Compass, George Morales and Compass, Sam Shakerchi
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Listing agents
— 4956 Romaine St —
George Morales
Compass
Sam Shakerchi
Compass
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 4956 Romaine St
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Ramona Elementary School, Los Angeles, CA 1133 Mariposa Avenue, Los Angeles, CA 90029 | K-6 | 0.2 mi |
Helen Bernstein High School 1309 N. Wilton Pl., Los Angeles, CA 90028 | 9-12 | 1 mi |
STEM Academy at Bernstein High 1309 N. Wilton Pl., Los Angeles, CA 90028 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4956 Romaine St
Tax History
Tax History for 4956 Romaine St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,579
4%
$898,078
4%
2023
$12,089
4%
$863,206
2%
2022
$11,583
2%
$846,281
2%
2021
$11,385
-1%
$829,689
1%
2020
$11,477
4%
$821,182
2%
2019
$11,077
2%
$805,081
2%
2018
$10,905
2%
$789,296
2%
2017
$10,648
3%
$773,821
2%
2016
$10,288
1%
$758,649
2%
2015
$10,154
-1%
$747,254
2%
2014
$10,291
—
$732,617
—
2013
$10,292
—
$729,307
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4956 Romaine St
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- Single Family
- Active
- Updated 1 hour ago
- 6Beds
- 3Total Baths
- 2,166Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 2Total Baths
- 1,635Sq. Ft.
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- Single Family
- Active
- Updated 9 hours ago
- 2Beds
- 1Total Bath
- 840Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 10Beds
- 6Total Baths
- 3,769Sq. Ft.
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4956 Romaine St, Los Angeles, CA 90029 (MLS# 25631175) is a Multi-Family property with units containing 16 bedrooms and 0 full bathrooms. 4956 Romaine St is currently listed for $3,050,000 and was received on December 28, 2025. Want to learn more about 4956 Romaine St? Do you have questions about finding other Multi-Family real estate for sale in Hollywood? You can browse all Hollywood real estate or contact a Coldwell Banker agent to request more information.