5164 Romaine St Los Angeles, CA 90029
East Hollywood NeighborhoodEstimated payment $4,057/month
Highlights
- Very Popular Property
- City Lights View
- Midcentury Modern Architecture
- STEM Academy at Bernstein High Rated A-
- Open Floorplan
- Property is near public transit
About This Home
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.
Listing Agent
Homecoin.com Brokerage Phone: 888-400-2513 License #01523060 Listed on: 10/24/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,421
Year Built
- Built in 1910
Lot Details
- 2,762 Sq Ft Lot
- Block Wall Fence
- Brick Fence
- Chain Link Fence
- On-Hand Building Permits
Parking
- 2 Car Attached Garage
- Carport
- Parking Available
- Driveway Level
Property Views
- City Lights
- Views of a landmark
Home Design
- Midcentury Modern Architecture
- Craftsman Architecture
- Cottage
- Bungalow
- Entry on the 1st floor
- Major Repairs Completed
- Fixer Upper
- Brick Exterior Construction
- Fire Rated Drywall
- Shingle Roof
- Composition Roof
- Stone Siding
- Pre-Cast Concrete Construction
- Stucco
Interior Spaces
- 1,602 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Skylights
- Awning
- Entryway
- Family Room
- Living Room
- Home Office
- Bonus Room
- Storage
Bedrooms and Bathrooms
- 8 Main Level Bedrooms
- In-Law or Guest Suite
- 2 Full Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Accessible Home Design
- Accessible Parking
Outdoor Features
- Brick Porch or Patio
- Exterior Lighting
- Rain Gutters
Location
- Property is near public transit
- Urban Location
Schools
- Kingsley Elementary School
- Arroyo Seco Middle School
Listing and Financial Details
- Tax Lot 16
- Assessor Parcel Number 5537023020
- $18,036 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
Recreation
- Bike Trail
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,421 | $380,000 | $350,000 | $30,000 |
| 2024 | $9,421 | $769,687 | $728,280 | $41,407 |
| 2023 | $27,086 | $754,596 | $714,000 | $40,596 |
| 2022 | $7,929 | $664,713 | $531,771 | $132,942 |
| 2021 | $8,479 | $651,681 | $521,345 | $130,336 |
| 2020 | $7,885 | $642,600 | $514,080 | $128,520 |
| 2019 | $7,571 | $630,000 | $504,000 | $126,000 |
| 2018 | $1,874 | $152,470 | $60,948 | $91,522 |
| 2016 | $4,548 | $146,551 | $58,582 | $87,969 |
| 2015 | $1,755 | $144,351 | $57,703 | $86,648 |
| 2014 | $1,767 | $141,524 | $56,573 | $84,951 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/24/2025 10/24/25 | For Sale | $625,000 | +64.5% | $390 / Sq Ft | |
| 08/12/2024 08/12/24 | Sold | $380,000 | -11.6% | $435 / Sq Ft | View Prior Sale |
| 05/24/2024 05/24/24 | Pending | -- | -- | -- | |
| 04/26/2024 04/26/24 | For Sale | $429,900 | -33.3% | $492 / Sq Ft | |
| 03/11/2020 03/11/20 | Sold | $645,000 | -0.8% | $738 / Sq Ft | View Prior Sale |
| 08/06/2019 08/06/19 | For Sale | $649,900 | -- | $744 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $380,000 | Servicelink | |
| Trustee Deed | $400,000 | None Listed On Document | |
| Grant Deed | $645,000 | Provident Title Company | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Grant Deed | $630,000 | First American Title Company | |
| Interfamily Deed Transfer | -- | First American Title Co | |
| Interfamily Deed Transfer | -- | Southland Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $612,750 | New Conventional | |
| Previous Owner | $441,000 | Construction | |
| Previous Owner | $206,000 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR25246513
APN: 5537-023-020
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Based on information from California Regional Multiple Listing Service, Inc. 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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