Property listed by Homecoin.com, Jonathan Minerick 888-400-2513
5164 Romaine Street
Los Angeles, CA 90029
Beds
8
Baths
2
Square Ft.
1,602
$625,000
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,… Read More 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. Read Less
Listing Snapshot
Days Online
53
Last Updated
Property Type
SingleFamilyResidence
Beds
8
Full Baths
2
Square Ft.
1,602
Lot Size
0.06 Acres
Year Built
1910
MLS Number
TR25246513
Additional Details
Property Access
Frontage Type: CityStreet, Road Surface: Paved
Building
Built in 1910, Living area: 1602.0, Living area units: SquareFeet, 1 storey, Levels: One, Entry level: 1, Entry location: Front, Construction Materials: Brick, Drywall, Glass, Concrete, Stone, Stucco
Community
2 units in community, Biking, Curbs, Gutters, StreetLights, Sidewalks, Urban
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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