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 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.
Days on market: 2
Listing updated: February 14, 2026 - 02:01:02
Listed by: Jonathan Minerick DRE #01523060 888-400-2513, Homecoin.com - Tri-Counties
Source: Tri-Counties, MLS#: PB2195 Originating MLS: CRMLS
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