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The Romaine Residences 6127 Romaine St 8 Unit Apartment Building $1,945,000 ($243,125/Unit) 5.36% Cap Rate Los Angeles, CA 90038
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 submarkets.
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.
Property Facts
| Price | $1,945,000 | Apartment Style | Low-Rise |
| Price Per Unit | $243,125 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.36% | Building Size | 5,560 SF |
| Gross Rent Multiplier | 11.3 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R3, Los Angeles - Multiple Dwelling | ||
| Price | $1,945,000 |
| Price Per Unit | $243,125 |
| Sale Type | Investment |
| Cap Rate | 5.36% |
| Gross Rent Multiplier | 11.3 |
| 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 - Multiple Dwelling |
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 |
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Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5534-024-020 | Improvements Assessment | $660,557 |
| Land Assessment | $1,538,934 | Total Assessment | $2,199,491 |
Property Taxes
Parcel Number
5534-024-020
Land Assessment
$1,538,934
Improvements Assessment
$660,557
Total Assessment
$2,199,491
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