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6123 Romaine St, Los Angeles (City)
Price Reduced! ATTENTION INVESTORS: Don't miss this opportunity to get in on the Hollywood renaissance! Invest in the hip and gentrifying Central Hollwood location! 10 Unit Midcentury fully occupied apartment building steps from the emerging Vine Street corridor. Close to Metro Red Line. City of LA TOC incentives may apply. Strong upside rental potential! 9 units are spacious 1 BR , 1 Bath with living room and kitchen. 1 unit has a bonus room and 1 unit is 2 BR, 2 Bath. Well maintained property with good tenants. 100% below market rent under LA Rent Stabilization and Section 8. This property is located within the Designated Opportunity Zone, with tax deferral and step up basis incentives. Buyer to independently verify. Very quiet street close to everything Hollywood has to offer, studios, Metro and more. 4 covered parking spaces off alley, 2/3 along driveway. Buyer to cooperate with Seller's 1031. Please do not disturb tenants.
- MLS® #18385856
- Square Footage6,658
- Year Built1958
- TypeResidential Income
- Sub-TypeApartment Building
- Parking Spaces7
- Date ListedSeptember 5th, 2018
- Days on Market132
- Address6123 Romaine St
- AreaHollywood (C20)
- CityLos Angeles (City)
- CountyLos Angeles
- Zip Code90038
- HeatingWall Gas
- CoolingWindow Unit(s)
- Listing AgentJonathan Wright(01903026)
- Listing OfficeColdwell Banker Residential Brokerage
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Last updated on January 15th, 2019 at 8:01pm PST