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Berkshire Hathaway HomeServices California Properties

4956 Romaine Street, Los Angeles, CA 90029

$2,495,000 Approx. USD

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

George Morales | georgemorales@compass.com
Lic#: 01984555
Broker: Courtesy of Compass
Phone: 323-578-8423

Co Listing Agent

Sam Shakerchi | samshakerchi@gmail.com
Lic#: 01868195
Broker: Courtesy of Compass
Phone: 310-525-0872

Listing Details

Property type: (Commercial)

Property Sub-Type:

Status: Active Under Contract

Listing ID: 25631227

List price is $2,495,000 Reduced by $105,000 on 5/27/2026

Price: $2,495,000

Rental Rate: $2,495,000

Lot Size:

HOA Fee is $0.00

Built in 1964

0.23 acres

County: Los Angeles

Zoning: LARD1.5

Last Updated: 7/29/2026

Days On Market (DOM): 213

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Lat/Long: 34.088348, -118.299510.
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Lot Details

Easement Present: (Easement present. For more information, contact agent.)

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Property Details

Prime Hollywood investment opportunity featuring 16 one-bedroom, one-bathroom units, each with its own assigned parking space. Offered at $2,600,000 (approximately $162,500 per unit), this well-maintained asset delivers strong in-place income with a cap rate of approximately 6.25% 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.

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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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