5164 Romaine Street
Los Angeles, CA, 90029
$599,000
MLS: TR26031619
Beds
8
Baths
2
Sq Ft
1,602
Lot
0.06 ac
Year Built
1910
MLS #
TR26031619
Days on Market
46
Listed
Feb 12, 2026
Description
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.
Location
Los Angeles, Los Angeles County, CA 90029
Open on Google Maps ↗Listed by: Jonathan Minerick · Homecoin.com
Payment estimate
$4,461
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $59,900 · Loan: $539,100
- Principal & Interest
- $3,312
- Property tax (1.25%)
- $624
- Homeowners insurance
- $300
- Mortgage insurance
- $225
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $20,965 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Local Market Stats
See Los Angeles, CA 90029 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
Free Buyer & Seller Tools
Net Sheet Calculator
Estimate how much you'll walk away with after selling. Covers commissions, closing costs, and loan payoff.
Property Comparison
Compare 2–3 properties side-by-side — equity, monthly payment, cash to close, and DTI — all in one infographic.
Drive Time Calculator
Check commute times from this address to work, school, or anywhere else before you commit.
Buyer Cost Sheet
Estimate your total closing costs as a buyer — lender fees, title, escrow, and prepaids — before you write an offer.