CA > Los Angeles
Los Angeles, CA 90029,5164 Romaine Street
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Los Angeles, CA 90029,5164 Romaine Street
Los Angeles, CA 90029,5164 Romaine Street
Los Angeles, CA 90029,5164 Romaine Street
Los Angeles, CA 90029,5164 Romaine Street
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Todd Kaufman

Todd Kaufman

+1(805) 206-4313
Listed by Jonathan Minerick • Homecoin.com
$ 625,000
Est. payment /mo
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5164 Romaine Street Los Angeles, CA 90029

8 Beds

2 Baths

1,602 SqFt

UPDATED:

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

Todd Kaufman

Todd Kaufman

Agent | License ID: 01893578

+1(805) 206-4313

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5164 Romaine Street