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$ 2,095,000
Est. payment /mo
Active
6127 Romaine Street Los Angeles, CA 90038
5,560 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,560 sqft
Price per Sqft $376
MLS Listing ID CL26667615
HOA Y/N No
Year Built 1953
Lot Size 6,505 Sqft
Acres 0.1493
Property Sub-Type Other
Property Description
We are 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.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5534024020
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Listed by Glenn Brander • Miller & Desatnik Realty Co.
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