Millman Team Real Estate

$3,050,000
0.23 Acre Lot

4956 Romaine Street, Los Angeles, California 90029

  • Commercial Lease Property Type
  • 1964 Year Built
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 immediate upside. One vacant unit allows a new owner to quickly lease at market and increase cash flow from day one. The excellent unit mix, favorable parking ratio, and sought-after Hollywood location make this a compelling opportunity for value-add and long-term investors.

Basic Details
Commercial Lease
For Rent
25631227
$3,050,000
1964
0.23 Acre
Active
Features
$0
Address Map
CA
Los Angeles
Los Angeles
90029
Romaine
4956
Street
Between Normandie Ave and Mariposa Ave. Close to the 101 FWY.
C20 - Hollywood
LARD1.5
Additional Information
$0
$0
$0
$0
$0
11326
: Gated
2025-12-28
2
Broker/Agent Information
Compass
George Morales
Listing Information
Sam Shakerchi
CLW-X94991
CLW-X81461
Compass
CLW-C125491
CLW-X81461
Active
2025-12-29T04:03:37Z
CRMLS
2025-12-28T00:00:00Z
Agent info
Ray Millman
Contact Agent
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