Bungalow, Cottage, Craftsman, MidCenturyModern
5164 Romaine Street
Los Angeles , CA 90029
MLS#: TR25246513
$625,000
Property
Beds
8
Full Baths
2
1/2 Baths
None
Year Built
1910
Sq.Footage
1,602
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.
Features & Amenities
Interior
-
Other Interior Features
In-Law Floorplan, Open Floorplan, Pantry, Storage
-
Total Bedrooms
8
-
Bathrooms
2
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Main Level Bedrooms
8
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
2
-
Construction Materials
Brick, Glass, Concrete, Stone, Stucco
-
Other Exterior Features
Awning(s)
-
Parking
Attached, Carport, Driveway
-
Pool
Yes
-
Pool Features
None
-
View
City Lights
Area & Lot
-
Lot Features
Near Public Transit
-
Lot Size(acres)
0.0634
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Bungalow, Cottage, Craftsman, MidCenturyModern
Price
-
Sales Price
$625,000
-
Sq. Footage
1, 602
-
Price/SqFt
$390
HOA
-
Association
NO
School District
-
Elementary School
Kingsley
-
Middle School
Arroyo Seco
-
High School
N/A
Property Features
-
Stories
1
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
16
-
Water Source
Public
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Location
County
Los Angeles
Elementary School
Kingsley
Middle School
Arroyo Seco
High School
Listing Courtesy of Jonathan Minerick , Homecoin.com
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