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Terri Fox

sold@terrifox.com +1(760) 585-8860

$ 625,000

Est. payment -/mo

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5164 Romaine ST 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 TR25246513

Bedrooms 8

Full Baths 2

Construction Status Building Permit,Fixer,Repairs Major

HOA Y/N No

Year Built 1910

Lot Size 2,761 Sqft

Property Sub-Type Single Family Residence

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

Area 699 - Not Defined

Rooms

Main Level Bedrooms 8

Interior

Interior Features In-Law Floorplan, Open Floorplan, Pantry, Storage, Unfurnished, All Bedrooms Down

Cooling None

Fireplaces Type None

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup

Exterior

Exterior Feature Awning(s)

Parking Features Carport, Driveway Level, Driveway

Garage Spaces 2.0

Garage Description 2.0

Fence Block, Brick, Chain Link

Pool None

Community Features Biking, Curbs, Gutter(s), Street Lights, Sidewalks, Urban

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

View Y/N Yes

View City Lights, Landmark

Roof Type Composition,Shingle

Accessibility Parking

Porch Brick

Total Parking Spaces 2

Private Pool No

Building

Lot Description Near Public Transit

Dwelling Type House

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Bungalow, Cottage, Craftsman, Mid-Century Modern

Level or Stories One

New Construction No

Construction Status Building Permit,Fixer,Repairs Major

Schools

Elementary Schools Kingsley

Middle Schools Arroyo Seco

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5537023020

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Virtual Tour https://tour.panoee.net/68e5a5705da4730c0895058d/68e5a5f05da473320895059a

Listed by Jonathan Minerick Homecoin.com 888-400-2513

Terri Fox

Agent | License ID: 01110385

+1(760) 585-8860

Terri Fox

5164 Romaine ST Los Angeles, CA 90029

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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5164 Romaine ST