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5164 Romaine Street, Los Angeles, CA 90029

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For Sale

$625,000

8 beds • 2 baths • 1,602 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Single Family Detached
    Property type

  • $390.14
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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. CASH buyers only due to current condition. 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. Submit your HIGHEST and BEST offer today!
MLS# TR25246513

Courtesy Of homecoin.com

(888) 400-2513

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Sky light
  • Architecture Style
    Bungalow
  • Exterior Type
    Brick, Concrete, Glass, Stone, Stucco
  • Rooms
    Bonus Room, Family Room, Kitchen, Living Room, Office
  • View Type
    City

Map and Directions

Directions to 5164 Romaine Street, Los Angeles, CA 90029

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.