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6127 Romaine St
Los Angeles, CA 90038
The Romaine Residences · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Prime Hollywood Location, Close Proximity to Melrose Shops & Restaurants, Studios & Media District
- All New Electrical
- Separately Metered for Gas and Electricity. Individual Water Heaters
- Exceptionally Well Maintained, Professionally Managed
- Majority of Residences Have Been Tastefully Renovated
- Detached Garage with ADU Potential
Executive Summary
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 sub
markets.
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 sub
markets.
Property Facts
| Price Per Unit | $355,626 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.88% | Building Size | 5,560 SF |
| Gross Rent Multiplier | 12.17 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R3, Los Angeles | ||
| Price Per Unit | $355,626 CAD |
| Sale Type | Investment |
| Cap Rate | 4.88% |
| Gross Rent Multiplier | 12.17 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,560 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1953 |
| Opportunity Zone |
Yes |
| Zoning | R3, Los Angeles |
Amenities
Unit Amenities
- Dishwasher
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- Controlled Access
- Laundry Facilities
- Online Services
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 475 |
| 1+1 | 4 | - | 600 |
| 2+1 | 2 | - | 800 |
Property Taxes
| Parcel Number | 5534-024-020 | Improvements Assessment | $904,963 CAD |
| Land Assessment | $2,108,340 CAD | Total Assessment | $3,013,303 CAD |
Property Taxes
Parcel Number
5534-024-020
Land Assessment
$2,108,340 CAD
Improvements Assessment
$904,963 CAD
Total Assessment
$3,013,303 CAD
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