MAJOR DEAL ALERT!! Calling all investors and savvy buyers — an extraordinary opportunity awaits in the heart of Hollywood! Welcome to 5164 Romaine Street, a rare shovel-ready investment and redevelopment opportunity located in one of Hollywood’s most in-demand rental and buyer markets. This fixer is ready to be brought back… Read More to life! Whether you envision a custom personal HOME, living, a high-end FLIP, a strategic long-term RENTAL for your investment PORTFOLIO, or a high income-producing Airbnb or VACATION RENTAL near Hollywood’s most famous tourist destinations, this property offers multiple possibilities and visions. Located in one of Los Angeles’ most high-demand submarkets, this property presents a rare chance to enter the neighborhood at DEEP DISCOUNTS, and potentially one of the LOWEST PRICED properties for the area. In addition to exceptional value, this property also comes with FULLY APPROVED architectural PLANS and PERMITS already pulled! This may benefit you, by allowing you to bypass MONTHS of design, entitlement, and city approval timelines— ultimately, SAVING substantial TIME, MONEY, architect fees, city fees, and carrying COSTS! With nearby renovated homes consistently selling for $1.15M+, this project offers exceptional upside for investors, developers, and owner-users seeking forced appreciation in a premier Hollywood location near Hollywood studios, trendy nightlife, popular dining, major hospitals, shopping, and transit. Enjoy convenience and proximity to the Hollywood Bowl, Netflix Studios, Paramount Pictures, Hollywood Walk of Fame, Runyon Canyon, Griffith Observatory, and more. Also nearby, a brand nejavascript:__doPostBack('m_lbSubmit','')w 90,000 sqft Echelon Studios Creative Village is under construction, spurring further economic demand. Adding to its uniqueness, the property features mature fruit trees, such as persimmon, guava, and avocado trees, offering a charming landscaping and unexpected outdoor retreat already completed. This is a rare opportunity to acquire a true value-add asset with approvals in hand — drastically reducing risk, timelines, and development friction. Opportunities like this may not last. Bring your contractor, bring your vision today. Read Less
Property listed by Homecoin.com, Jonathan Minerick 888-400-2513
Listing Snapshot
Days Online
2
Last Updated
Property Type
SingleFamilyResidence
Beds
8
Full Baths
2
Square Ft.
1,602
Lot Size
0.06 Acres
Year Built
1910
MLS Number
TR26031619
Additional Details
Building
Built in 1910, Living area: 1602.0, Living area units: SquareFeet, 1 storey, Levels: One, Entry level: 1, Entry location: 1, Construction Materials: Brick, Drywall, Frame, Glass, Concrete, Stucco
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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