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Apartment Building with 16 One-Bed Units
For Sale
Under Contract
$2,495,000

4956 Romaine St, Los Angeles, CA 90029

MULTI_FAMILY - Los Angeles, CA

Property Size11,326 SF
Lot Size0.23 Acres
Price / SF$220.29
Days on Market216

Property Features for 4956 Romaine St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning LARD1.5
Bedrooms 16
Bathrooms 16
Full bathrooms 1
Rooms Bathroom 13, Bedroom 10, Bedroom 12, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 11, Bathroom 15, Bathroom 8, Bedroom 8, Bathroom 3, Bedroom 3, Bedroom 7, Bedroom 1, Bedroom 16, Bedroom 2, Bathroom 11, Bathroom 14, Bedroom 5, Bedroom 6, Bathroom 9, Bedroom 9, Bedroom 14, Bathroom 10, Bathroom 6, Bathroom 16, Bedroom 15, Bathroom 4, Bathroom 5, Bedroom 13, Bathroom 12, Bathroom 7
Parking 16
Parking features Covered, Assigned, Gated
Directions Between Normandie Ave and Mariposa Ave. Close to the 101 FWY.
Subdivision Hollywood
Standard status Active Under Contract
APN 5538-004-001
Size 11,326 SF
Lot size 0.23 Acres

Utilities

Heating system Natural Gas

Building Details

Year built 1964
Floors in Building 2
Number of units 16
Listing Agency: Compass
Listed By: George Morales · License #01984555
Added: Dec 28, 2025 Changed: Jul 30 Last Checked: Aug 1 at 9:06AM
MLS# 25631175

Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This apartment building offers 16 one-bedroom, one-bathroom units, with each unit having its own assigned parking space. The property is maintained and heated with natural gas, and parking is provided as covered, assigned, and gated.

The building was constructed in 1964 and sits on a 0.2273-acre lot with 11,326 square feet of property area. It is located at 4956 Romaine St in Los Angeles, CA 90029, within LARD1.5 zoning.

One unit is currently vacant, providing an immediate leasing opportunity for a new owner. The asset also reflects an approximate 6.25% cap rate.

Key Highlights

  • 16 one‑bedroom, one‑bath units with each unit’s own assigned parking space
  • 0.2273‑acre lot with 11,326 square feet
  • LARD1.5 zoning

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Veterinary Clinic Tanning Salon Clothing & Fashion Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16
Residential units

Location Intelligence

Trade Area within ½ mile

4,829
Businesses Nearby

Demographics for 90029, CA

34,695
Population
14,465
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
24,782
Density / Sq Mi
$60,793
Median Household Income
$35,801
Median Earnings
$1,644
Median Rent
$1,066,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Gated assigned covered parking and natural gas heating support 16 one-bedroom units in LARD1.5 zoning.
Where is this apartment building located?
The property is located at 4956 Romaine St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 16 one‑bedroom, one‑bath units with each unit’s own assigned parking space; 0.2273‑acre lot with 11,326 square feet; LARD1.5 zoning
More about this property
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