6127 Romaine St - Apartments FOR SALE


Los Angeles, CA 90038- Hollywood
$1,945,000 USD
310-428-4116
6127 Romaine St, Los Angeles, CA for Sale
$1,945,000 USD
Apartments - FOR SALE
1/66
null | 5.36% Cap Rate

6127 Romaine St
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • Prime Hollywood location, close proximity to Melrose shops & restaurants, studios & Media district.
  • Exceptionally well maintained, professionally managed.
  • All new electrical.
  • Majority of residences have been tastefully renovated.
  • Separately metered for gas and electricity. Individual water heaters.
  • Detached garage with ADU potential.

OVERVIEW

The Brander Investment Group of Miller & Desatnik Realty Corp. is pleased to present 6127 Romaine Street, an 8-unit, pride-of-ownership multifamily asset located in the heart of Hollywood. This boutique, professionally managed 1950s-era property offers investors the opportunity to acquire an asset with strong in-place rents as well as value-add potential. Select capital improvements have been completed, inclusive of unit renovations to the majority of units, updates to the electrical, and new windows throughout. There are individual water heaters and ratio utility billing, so the property is running very efficiently. Located in a walkable, high-demand pocket of Hollywood, 753 N Hudson Avenue is surrounded by several newer Class A multifamily, mixed-use developments, and entertainment-industry hubs such as studios and post-production facilities. The asset offers a lower-cost alternative to nearby luxury buildings while delivering comparable unit finishes, appealing to quality-conscious tenants at more accessible rents. Professionally managed throughout the seller’s ownership, this property stands out as a smooth operating, income-producing investment with room for rental growth—making it an ideal acquisition for investors seeking both cash flow and appreciation in one of Los Angeles’ most dynamic rental submarkets.

FOR SALE DETAILS

PRICE

$1,945,000 USD

PRICE/SF

$350 USD /SF

# OF UNITS

8

PRICE/UNIT

$243,125

CAP RATE

5.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Romaine Residences

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,504 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

5534-024-020

ASK ABOUT THIS PROPERTY

Glenn BranderBrander Investment GroupMore Info
310-428-4116

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Glenn BranderBrander Investment GroupMore Info
310-428-4116

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