5164 Romaine Street new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90029
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,602 sqft
Price per Sqft $390
MLS Listing ID TR-25246513
Style Bungalow,Cottage,Craftsman,Mid Century Modern
Bedrooms 8
Full Baths 2
Year Built 1910
Lot Size 2,762 Sqft
Property Sub-Type Single Family Residence
Source California Regional Multiple Listing Service (CRMLS)
Property Description
MAJOR FIXER ALERT!! Calling all investors, developers, and savvy homebuyers — check out this INCREDIBLE Hollywood opportunity! Welcome to 5164 Romaine, a fantastic fixer and rehab project located in the heart of Hollywood. This complete fixer is ready to be reimagined and brought back to life! Create your DREAM HOME, execute a FIX-and-FLIP, transform it into an Airbnb/VACATION RENTAL, or hold as a RENTAL INVESTMENT for your portfolio—the possibilities are endless. Nearby homes are consistently selling for $1.1M+, offering significant upside potential. The property even features your very own abundant fruit orchard with mature Persimmon, Guava, and Avocado trees already bearing fruit for future owners. Zoning: LAR3, TOC Tier 2. The existing layout features 8 bedrooms and 2 baths (see current floor plan). However, architectural plans have already been completed and city-approved to convert the property into a 3BD / 2BA main house plus a 1BD / 1BA ADU—two separate units, which may be ideal for multi-generational living, dual rental income-producing investment units, or a live-in-one, rent-the-other strategy. Also, it offers EXCEPTIONAL potential for Airbnb or short-term vacation rentals near Hollywood's most DESIRABLE tourist destinations, as well as other multiple development possibilities. The time-consuming, hard part is already DONE! Architectural and city-approved plans have been COMPLETED, including pulled permits, mean this project is effectively “shovel ready.” FOR YOUR BENEFIT, instantly save months of time and thousands in architectural fees, holding costs, work completed, and city delays. Located in one of Hollywood's most dynamic neighborhoods, this property sits near major new developments—including the brand-new 90,000 sqft Echelon Studios Creative Village and several other high-profile projects driving continued economic growth and gentrification in the area. Enjoy convenience and proximity to the 101 Freeway, Netflix Studios, Paramount Pictures, Hollywood Walk of Fame, Runyon Canyon, Griffith Observatory, Hollywood Bowl, Thai Town, Larchmont Village, Hollywood Farmers Market, and trendy hangouts like Good Times at Davey Wayne's, Found Oyster, and Mama Shelter. Take advantage of the recent Fed interest rate cuts and additional reductions expected soon. Don't miss this low-priced, rare Hollywood fixer—a true diamond in the rough with TREMENDOUS potential.
Location
State CA
County Los Angeles
Interior
Interior Features In-Law Floorplan,Open Floorplan,Pantry,Storage,Unfurnished
Cooling None
Fireplaces Type None
Laundry Electric Dryer Hookup,Washer Hookup
Exterior
Exterior Feature Awning(s)
Parking Features Carport,Driveway
Garage Spaces 2.0
Pool None
Community Features Biking,Curbs,Gutters,Sidewalks,Street Lights,Urban
Utilities Available Sewer Available,Water Available,Electricity Available,Natural Gas Available
View Y/N Yes
View City Lights,Landmark
Building
Lot Description Near Public Transit
Sewer Other,Public Sewer
Schools
Elementary Schools Kingsley
Middle Schools Arroyo Seco
School District Village Christian
Others
Virtual Tour https://tour.panoee.net/68e5a5705da4730c0895058d/68e5a5f05da473320895059a